17 Dhu al-Qi'dah 1445 - 25 May 2024
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Eye of Dubai

MEWA targets 16.2M CMD of desalinated water: Official
Environment & Energy | Saturday 25 May, 2024 8:11 am
The production capacity of desalination plants in Saudi Arabia currently stands at 9.4 million cubic meters per day, Saud Al-Murshed, Director of Planning, Deputy Ministry for Water at the Ministry of Environment, Water and Agriculture (MEWA), said. The ministry targets 16.2 million cubic meters of ...
Saudi Arabia to change the global tourism map: Al Khateeb
Tourism & Hospitality | Saturday 25 May, 2024 8:09 am
Saudi Arabia will change the global tourism map, Ahmed Al Khateeb, Minister of Tourism and Chairman of the Executive Council of the United Nations World Tourism Organization (UNWTO), said. He highlighted that the opportunities and facilities it offers to investors will make the tourism sector more...
Moody's affirms Saudi Arabia's 'A1' rating, outlook positive
Business & Money | Saturday 25 May, 2024 8:06 am
The rating agency Moody's affirmed Saudi Arabia's 'A1' rating, with positive outlook ...
Aramco plans share of nearly $10B shares: Report
Business & Money | Saturday 25 May, 2024 8:04 am
Saudi Arabia is planning a $10 billion share sale in Aramco, Reuters reported. The share sale is expected to take place as soon as June in what would be one of the region's biggest stock deals. The preparations are ongoing and the details could still change, two sources...
Almuneef renews, expands SAR 35M credit facilities deal with Bank Albilad
Business & Money | Saturday 25 May, 2024 1:00 am
Almuneef Co. for Trade, Industry, Agriculture, and Contracting announced the renewal and increase of its financial facilities contract with Bank Albilad. In a statement to Tadawul, the company said the facilities’ renewal for the previous year totaled SAR 13 million, with approval for an...
Dubai Production City to participate in drupa 2024 in Germany
Tourism & Hospitality | Saturday 25 May, 2024 12:03 am
Dubai Production City, the Middle East’s leading destination dedicated to printing, packaging, and production industry excellence, has announced its participation in drupa, the world’s leading trade fair for the printing and graphics sector taking place from 28th May to 7th June 2024 in...
Korea Eximbank provides $1B financing to Saudi Amiral project
Business & Money | Saturday 25 May, 2024 12:03 am
The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide the Amiral petrochemical complex project in Saudi Arabia with $1 billion in financing, Yonhap News Agency reported, citing a statement. The project was awarded to Hyundai Engineering & Co. This project...
ADIB wins 4 major accolades at Euromoney Islamic and Excellence Finance Awards
Government | Saturday 25 May, 2024 12:02 am
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been awarded four prestigious awards at Euromoney Islamic and Excellence Finance Awards 2024, serving as a significant tribute to the bank's exceptional performance and unwavering commitment to redefining innovation in...
Khalifa Fund awards winners of first Innovation Challenge 'Inno Tank'
Tourism & Hospitality | Saturday 25 May, 2024 12:02 am
Khalifa Fund for Enterprise Development successfully concluded the inaugural edition of the "Innovate" Innovation Challenge, which was launched in February, in conjunction with the UAE's Innovation Month, "UAE Innovates 2024". The challenge targeted students from universities in Abu Dhabi, as part...
Bodour Al Qasimi reviews performance of Eagle Hills Sharjah
Technology & IT | Saturday 25 May, 2024 12:01 am
Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq) has led the annual meeting of Eagle Hills Sharjah Development LLC board. This joint venture, between Shurooq and Abu Dhabi-based real estate developer Eagle Hills, remains committed to...