Business & Money | Saturday 23 September, 2023 1:40 am

Expanding female workforce participation could boost Saudi economy: S&P

The increasing participation of women in Saudi Arabia's workforce is expected to boost the country’s economic growth prospects, according to S&P Global Ratings.   Labor market reforms led female workforce participation for Saudi nationals to nearly double to almost 36% in 2022, ...

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Business & Money | Saturday 23 September, 2023 1:04 am

Bahri Closes Participation in Saudi Maritime Congress 2023 as a Founding Partner

Bahri, a global leader in logistics and transportation, has successfully concluded its participation at the 4th edition of the Saudi Maritime Congress as a founding partner. Held under the patronage of His Excellency Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services...

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Business & Money | Saturday 23 September, 2023 12:14 am

UBF: Cybersecurity is key in strengthening customer confidence and developing UAE's banking and financial sector

UAE Banks Federation,  the sole representative and unified voice of UAE banks, reiterated its commitment to supporting efforts that enhance secure and smooth banking experience, in particular, initiatives related to cybersecurity that constitute an essential shield against cyber threats, in...

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Business & Money | Friday 22 September, 2023 5:48 pm

H.E. Abdulla bin Touq al Marri unveils key pillars for transforming UAE food and agriculture sector into global power

The UAE Minister of Economy, H.E. Abdulla bin Touq al Marri, affirmed the UAE’s commitment to transforming its food and agriculture sector to grow its contribution to GDP by $10 billion and creating 20,000 jobs in the next five years and unveiled the seven key pillars of the strategic direction...

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Business & Money | Friday 22 September, 2023 5:46 pm

ADIB redeems $750 million perpetual Sukuk issued in 2018

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced that it has successfully completed the planned redemption of its USD 750 million additional tier-one (AT1) perpetual sukuk on the first call date, September 20, 2023. These sukuks were issued on 20th September 2018 at a...

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Business & Money | Friday 22 September, 2023 3:05 am

MODON says SAR 500 mln vaccine firm to be set up in Sadeer

The Saudi Authority for Industrial Cities and Technology Zones (MODON) agreed with Vaccine Industrial Co. (Vaccine) to set up a SAR 500 million factory in Sadeer City to strengthen the pharmaceutical security system and localize the manufacturing of vaccines and biomedicines in the...

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Business & Money | Friday 22 September, 2023 1:39 am

Tam Development, SAB sign SAR 25 mln facility agreement

Tam Development Co. announced, on Sept. 20, the signing of a SAR 25 million Shariah-compliant facility agreement with Saudi Awwal Bank (SAB).  The facility has a 12-month duration, with a promissory note worth the amount of...

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Business & Money | Friday 22 September, 2023 1:36 am

RCRC publishes tender for design, implementation of Wadi Laban Bridge

The Royal Commission for Riyadh City (RCRC) announced the launch of a tender for the design and implementation of Wadi Laban Cable-Stayed Bridge. According to the commission’s data, the tender aims to design and implement the development of the Wadi Laban Cable-Stayed Bridge and increase its ...

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Business & Money | Friday 22 September, 2023 1:21 am

Azizi Developments partners with Finnish brand ‘Lappset’ for Riviera

Azizi Developments, a leading private developer in the UAE, has partnered with renowned Finnish brand Lappset for the supply of premium kids’ play equipment, including play planetariums, slides, swings and more, for the second and third phases of Azizi’s mega-project Riviera, located in the...

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Business & Money | Thursday 21 September, 2023 3:34 pm

The opportunities of the blue economy will be the focus of Tomorrow. Blue Economy

The event will be held as part of the Smart City Expo World Congress Promoting and developing the potential of the blue economy and encouraging the preservation of marine and ocean resources as an engine for economic growth. This is the aim of the Tomorrow.Blue Economy congress, which will...

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