Business & Money | Tuesday 4 February, 2025 9:40 am

Saudi Arabia’s military spending hits SAR 284.3B in 2024: GAMI Governor

Ahmed Al-Ohali, Governor of the General Authority for Military Industries (GAMI), said that military spending in Saudi Arabia reached $75.8 billion (SAR 284.3 billion) in 2024, ranking the Kingdom as the fifth-largest military spender globally and the highest in the Arab world. The Kingdom has ...

More Details

Business & Money | Tuesday 4 February, 2025 9:32 am

ANB completes issuance of SAR 3.35B sukuk

Arab National Bank (ANB) completed the issuance of SAR-denominated additional Tier 1 sukuk through a private placement in Saudi Arabia, under its SAR 11.25 billion additional T1 capital sukuk program, at a value of SAR 3.35 billion. In a statement on Tadawul, the lender said that the ...

More Details

Business & Money | Tuesday 4 February, 2025 9:29 am

JHAH Announces State-of-the-Art Oncology Center of Excellence, Setting a Global Benchmark for Cancer Care in the GCC

 Johns Hopkins Aramco Healthcare (JHAH) has announced the opening of its state-of-the-art Oncology Center of Excellence in Saudi Arabia. Serving patients across the GCC, the center combines Johns Hopkins Medicine’s world-class oncology expertise with the Kingdom’s advanced healthcare...

More Details

Business & Money | Tuesday 4 February, 2025 9:26 am

Modon Holding has entered into a definitive agreement with IHC and TasHeel Holding to acquire Arena Events Group

Modon Holding P.S.C (“Modon”), an Abu Dhabi-based holding company, today announced that it has entered into a definitive agreement with IHC and TasHeel Holding for the acquisition of Theta Bidco Limited, the 100% owner of Arena Events Group Limited (“Arena”), a global leader in large scale...

More Details

Business & Money | Tuesday 4 February, 2025 9:19 am

Her Excellency Sheikha Lubna Bint Khalid Al Qasimi delivers inaugural address at Women’s Health Leadership Forum at Medlab Middle East

Her Excellency Sheikha Lubna Bint Khalid Al Qasimi, Former Minister in the Government of the UAE, delivered an inspiring inaugural address today at the newly launched Women’s Health Leadership Forum at Medlab Middle East. The forum aims to showcase cutting-edge innovations, address key challenges ...

More Details

Business & Money | Tuesday 4 February, 2025 9:12 am

Deloitte Middle East’s Tax Genie 2.0 recognized for innovation in Tax and Legal services

 Deloitte Middle East’s in-house pioneering AI-powered solution, Tax Genie 2.0, has been recognized by the Business Intelligence Group at the 2025 BIG Innovation Awards as well as the Stevie® Awards, the world’s premier business awards. These prestigious accolades reflect the...

More Details

Business & Money | Tuesday 4 February, 2025 9:00 am

Alkhorayef Water ups Alinma Bank credit facility to SAR 630M

Alkhorayef Water and Power Technologies Co. (AWPT) increased its credit facility with Alinma Bank by SAR 380 million, bringing the total from SAR 250 million to SAR 630 million, according to a statement to Tadawul today, Feb. 3. The company amended the collateral, replacing it with a...

More Details

Business & Money | Tuesday 4 February, 2025 8:59 am

His Excellency Awadh Seghayer Al Ketbi, Director General of Dubai Health Authority, opens Medlab Middle East 2025

His Excellency Awadh Seghayer Al Ketbi, Director General of the Dubai Health Authority, has officially opened Medlab Middle East today. The 24th edition of Medlab Middle East takes place at Dubai World Trade Centre from 3 to 6 February and will showcase more than 800 exhibitors from over 40...

More Details

Business & Money | Monday 3 February, 2025 11:30 am

Sharjah Entrepreneurship Festival crowns winners of Startup Pitch Competition

The eighth edition of the Sharjah Entrepreneurship Festival (SEF) 2025 celebrated innovation and growth in the region’s startup ecosystem with the announcement of the SEF x 1Tank Startup Pitch Competition winners on the first day of the festival. The competition awarded AED 200,000 in cash...

More Details

Business & Money | Monday 3 February, 2025 11:26 am

FTA corporate tax awareness initiatives reach over 15,700 participants in 2024

The Federal Tax Authority (FTA) has announced that its corporate tax awareness initiatives have witnessed significant growth in 2024, with 15,713 participants benefiting from its awareness events. This includes those attending in-person events across all emirates and virtual sessions hosted by ...

More Details