Business & Money | Sunday 6 August, 2023 11:44 am

PIF has SAR 2.23 trln AUMs in 2022

The Public Investment Fund (PIF) said gross assets under management (AUMs) reached 2.23 trillion, including SAR 5 billion funds redeemed from government entities, the fund said in its annual report for 2022.   International investments accounted for 23%, or SAR 512 billion, of gross...

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Business & Money | Sunday 6 August, 2023 11:21 am

Achieving 687 Million Riyals in Net Profit Zain KSA Realizes Record Half-Year Revenue and Net Profit

Zain KSA achieved its highest half-year profit ever during the first half of 2023, amounting to SAR 687 million, a 221% increase compared to the first half of 2022. The increase in profit is attributed to a growth in revenue during the first half of the year to SAR 4.8 billion, a 10% increase...

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Business & Money | Sunday 6 August, 2023 11:07 am

JETRO President looks forward to strengthening trade, investment relations with UAE

ISHIGURO Norihiko, Chairman of the Board of Directors of the Japan External Trade Organisation (JETRO), says his country is aiming to strengthen trade and investment relations with the United Arab Emirates.In an interview with the Emirates News Agency WAM in Tokyo, Ishiguro noted the significance...

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Business & Money | Sunday 6 August, 2023 11:04 am

Construction of an Irish bridge for ALARGAN’s ‘Telal Al Qurm’ has been approved by the Muscat Municipality

ALARGAN, a renowned property developer in Oman, is delighted to announce the official approval by the Muscat Municipality for the construction of an Irish bridge that will ensure seamless connectivity and accessibility for the residents of their property, Telal Al Qurm. Breaking ground in on...

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Business & Money | Sunday 6 August, 2023 10:25 am

UAE meets 37.4% of Japan's crude oil needs in June

Japan's crude oil imports from the United Arab Emirates amounted to 25.63 million barrels in June 2023, or 37.4 percent of total imports, the Natural Resources and Energy Agency of Japan's Ministry of Economy, Trade and Industry said. During June, Japan's total crude oil imports were 68.5...

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Business & Money | Sunday 6 August, 2023 9:17 am

Saudi Red Sea Authority issues seven regulations to facilitate Red Sea navigation

The Saudi Red Sea Authority (SRSA) announced the issuance of seven new regulations for navigational activities in the Saudi Red Sea: Private Yachts Visiting; Chartering Large Yacht Regulation; Tourist Navigational Agent Regulation; Cruise Ship Regulation; Marina Design and Operation Regulation;...

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Business & Money | Sunday 6 August, 2023 9:11 am

DUBAI SHOPPING MALLS GROUP KICKSTARTS EXCITING BACK TO SCHOOL BONANZA, OFFERS AED 100,000 IN CASH PRIZE

The residents of the UAE can prepare for an unforgettable Back-to-School extravaganza as Dubai Shopping Malls Group (DSMG) presents its sensational 2023 edition with AED 100,000 in cash prizes up for grabs. Embracing the spirit of new beginnings and the joy of...

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Business & Money | Sunday 6 August, 2023 8:59 am

Azizi Developments launches new high-end building as part of Riviera’s luxurious fourth phase

Azizi Developments, a leading private developer in the UAE, is launching building 65 as part of Riviera’s fourth phase, on the lively main boulevard, next to a sizable park, and with astonishing views of the swimmable crystal lagoon. Riviera is Azizi’s French Mediterranean-inspired waterfront...

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Business & Money | Sunday 6 August, 2023 8:41 am

IHC Presents Strong H1 2023 Operational and Financial Results

International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, unveiled its financial results for the second quarter and half year of 2023,  registering a group net profit of AED 10.4 billion, accompanied by net profit margin of 36.3%. This commendable...

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Business & Money | Sunday 6 August, 2023 8:39 am

IDB Chairman Receives “Best Banker” Award during the First Arab Forum for Banks & Businessmen 2023 in Beirut, Lebanon

The Union of Arab Banks has organized the First Arab Forum for Banks & Businessmen 2023 in Beirut, Lebanon under the high patronage of the Lebanese Minister of Economy Mr. Amine Salam. Gathering key economic sectors and business community figures, the event stood as a promising initiative that...

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