Business & Money | Saturday 17 February, 2024 3:25 am

8,080 Saudi families move to first homes in January: Sakani

Sakani Program announced that more than 12,000 Saudi families benefitted from the program in January, while 8,080 families moved to their first homes in the same period.   In mid-January, Sakani Program announced that 101,230 families benefited from the program in 2023, during which...

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Business & Money | Saturday 17 February, 2024 1:59 am

Almarai Wins "Internal Communications Brilliance Awards"

Within the Internal Communications Brilliance Awards framework, Almarai has secured two prestigious awards from the "Internal Communications Brilliance Awards," globally recognized for honoring organizations that demonstrate excellence in internal communication. Almarai has been awarded the Gold...

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Business & Money | Saturday 17 February, 2024 1:42 am

“Uppercase Legal Advisory” To Launch Practice in Saudi Arabia

Uppercase Legal Advisory, a leading international law firm, today unveiled plans to launch the practice in Riyadh, Saudi Arabia in the second quarter of 2024. The Saudi office is part of the company’s MENA expansion strategy.Saudi Arabia has witnessed a significant increase in its legal and...

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Business & Money | Friday 16 February, 2024 3:12 am

Industrial sector's local content to rise in 2024: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that the percentage of local content in the Saudi industrial sector is expected to soar in 2024, as the level of demand with major companies of the Public Investment Fund (PIF) and mega projects, including ROSHN, Qiddiya and The Red...

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Business & Money | Friday 16 February, 2024 2:28 am

SALAMA records full-year revenue of AED 1.11 billion; achieves 20% revenue growth in 2023

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2023 fiscal year. The company recorded insurance revenue of AED 1.11 billion in 2023, an increase by 20% from fiscal year 2022.  Total assets registered an increase at AED 3.70 billion ...

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Business & Money | Friday 16 February, 2024 1:39 am

MAG GROUP HOLDING RECORDS OVER AED 12.6 BILLION SALES IN 2023

MAG Group Holding, the multinational conglomerate incorporating different companies across diverse sectors, announced the recording of AED 12.6 billion in sales for 2023 across its different real estate subsidiaries.Sales at the innovative Keturah brand, founded last year, reached AED 2.5...

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Business & Money | Friday 16 February, 2024 1:30 am

TENARIS RENEWS COMMITMENT TO UAE, UNVEILING ITS INDUSTRIAL COMPLEX IN ABU DHABI

Tenaris, a leading global steel pipe manufacturer and supplier, inaugurated its new Abu Dhabi industrial complex, Etihad Tubulars, with a 60 million USD investment. This industrial complex underscores the robustness of the company’s longstanding partnership with ADNOC and reaffirms its...

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Business & Money | Friday 16 February, 2024 12:31 am

Shaker, LG and the Ministry of Investment of Saudi Arabia (MISA) Sign an MOU

Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced the signing of an MoU with LG Electronics (LG) and the Ministry of Investment of Saudi Arabia (MISA) to manufacture AC...

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Business & Money | Thursday 15 February, 2024 3:59 pm

Stars of Service: UAE Red Crescent Volunteers Appreciation Event at Arjaan Dubai Media City

Arjaan Dubai Media City in collaboration with the UAE Red Crescent, hosted an exquisite event at Skylight venue. The event, a joint effort with teams from 3 Rotana Hotels: Centro Barsha Dubai, DAMAC Hills 2 Hotel - Edge by Rotana, and Arjaan Dubai Media City served as a heartfelt gesture to express ...

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Business & Money | Thursday 15 February, 2024 10:16 am

AD Ports Group reports AED1.36 billion in net profit for 2023, up 6% YoY

AD Ports Group (ADX: ADPORTS) has reported AED1.36 billion in net profit for 2023, up 6% YoY. This came as the leading global facilitator of logistics, industry and trade, today announced its preliminary financial results for the 12 months ending 31st December 2023, reporting strong...

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