Business & Money | Wednesday 20 September, 2023 9:30 am

Cisco Survey Finds 92% of Respondents in KSA Willing to Pay More for Sustainable Broadband

The latest Cisco Broadband Survey1 – which included 2,000 respondents from Saudi Arabia – has found that evolving consumer expectations will reshape the needs and economics of the Internet.  Consumers in Saudi Arabia are rethinking what they rely on the Internet for, balancing...

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Business & Money | Wednesday 20 September, 2023 9:13 am

Arabian Pipes inks SAR 54 mln contract with Saudi Aramco

Arabian Pipes Co. signed on Sept. 19 a contract worth nearly SAR 54 million to supply steel pipes to Saudi Aramco, the company said in a statement to Tadawul.   The contract is valid for 10 months, Arabian Pipes added.   The relevant financial impact...

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Business & Money | Wednesday 20 September, 2023 9:10 am

Sumou Real Estate inks SAR 30 mln project management agreement

Sumou Real Estate Co. signed on, Sept. 19, a 24-month agreement to manage the development of Makkah’s Alinma Ajyad Real Estate Fund, which spans over an area of 300,000 square meters (sqm), with the Alinma Ajyad Real Estate Co.   In a statement to Tadawul, Sumou Real Estate...

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Business & Money | Wednesday 20 September, 2023 9:07 am

NDMC closes September issuance of Sukuk program at SAR 2.45 bln

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for September 2023, under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at nearly SAR 2.45 billion, while total bids amounted to SAR 8.76 billion,...

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Business & Money | Tuesday 19 September, 2023 10:13 am

MAG APPOINTS SWISSBORING FOR ENABLING WORKS AT THE RITZ-CARLTON RESIDENCES, DUBAI, CREEKSIDE

MAG, one of the leading real estate developers in the UAE, has announced the appointment of Swissboring for a contract valued at AED 55 million to start shoring and piling work at ‘The Ritz-Carlton Residences, Dubai, Creekside’ part of the Keturah Resort, which combines luxury and wellness. The ...

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Business & Money | Tuesday 19 September, 2023 1:59 am

Azizi Developments, Kohler Co. partner for the supply of premium sanitaryware for Riviera’s fourth phase

Azizi Developments, a leading private developer in the UAE, has partnered with prominent American brand Kohler Co. for the supply of premium sanitaryware, including water closets, wash basins, bath mixers and other accessories for the fourth phase of Azizi’s mega-project Riviera, located in the...

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Business & Money | Tuesday 19 September, 2023 1:26 am

ENOC Group provides diverse job opportunities during Careers UAE 2023 to support the national Emiratisation agenda

ENOC Group, a leading integrated global energy player, underpinned its commitment to support national Emiratisation efforts during Ru'ya, Careers UAE Redefined taking place between 19 - 21 September 2023 at Dubai World Trade Centre. ENOC Group is set to offer diverse job opportunities across...

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Business & Money | Tuesday 19 September, 2023 12:24 am

D360 Bank Signs MoU with Fintech Saudi Arabia to Develop the Kingdom’s Financial Technology Sector

Fintech Saudi Arabia and D360 Bank announced their signing of a memorandum of understanding (MoU) to enhance cooperation and create opportunities to improve and facilitate banking services, in accordance with the goals of the Kingdom’s Vision 2023 and its aspirations to enable financial...

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Business & Money | Monday 18 September, 2023 9:21 am

Mulkia Investment issues prospectus to offer 1.3 mln shares on Nomu

Mulkia Investment Co. issued on Sept. 17 a prospectus to sell 1.3 million ordinary shares, or 20% of capital, in an initial public offering (IPO) on Nomu-Parallel Market.     The company’s capital stands at SAR 65 million, divided into 6.5 million...

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Business & Money | Monday 18 September, 2023 9:06 am

Federation of UAE Chambers calls on business owners to participate in 1st Gulf-Iraq Business Forum

Humaid Ben Salem, Secretary-General of the Federation of UAE Chambers of Commerce & Industry (FCCI), has called upon business owners and investors in the UAE and GCC countries to capitaliSe on the abundant investment prospects set to unfold during the first Gulf-Iraq Business Forum. The event,...

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