Business & Money | Wednesday 8 May, 2024 3:13 pm

The Middle East Low Code No Code Summit 2024 Successfully Concludes, To Return As CODE

 The successful conclusion of two-day summit, The Middle East Low Code No Code Summit 2024 on May 2nd marked a pivotal moment, with over 300 technology leaders, Low-code No-code experts, and government entities converging to explore the forefront of innovation. This gathering provided an...

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Business & Money | Wednesday 8 May, 2024 10:57 am

Saudi Electricity secures $1B bilateral Murabaha loan from SNB

Saudi Electricity Co. (SEC) secured today, May 7, a $1 billion bilateral Murabaha loan from Saudi National Bank (SNB). The facility has a five-year term with the option to extend for another two years. It will be used to finance general corporate purposes and capital expenditures,...

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Business & Money | Wednesday 8 May, 2024 10:52 am

Red Sea subsidiary inks SAR 113M EPC contract with MBL

Red Sea International Co.’s subsidiary, Fundamental Installation for Electric Work Co. Ltd., signed a contract for engineering, procurement and construction (EPC) for site preparation and infrastructure works at Jeddah Central Development Project with Modern Building Leaders Co. (MBL) at a...

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Business & Money | Wednesday 8 May, 2024 10:46 am

Al Rajhi Bank plans additional tier-1 sustainable sukuk

Al Rajhi Bank announced its intention to issue USD-denominated additional tier-1 capital sukuk under its international additional tier-1 capital sukuk program, established by the bank on April 18, following the decision of the board of directors on March 25. In a statement to Tadawul, the bank ...

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Healthcare | Wednesday 8 May, 2024 10:35 am

Dr. Steven Victor’s “Victor Longevity” Revolutionizes Anti-Ageing and Longevity Care with AI-Enabled Remote Monitoring in Dubai

Dr. Steven Victor, MD unveils Victor Longevity’s luxury comprehensive innovative healthcare platform with 24/7 remote monitoring in Dubai, aligning with UAE’s healthcare vision. Dubai — Dr. Steven Victor MD, a globally renowned anti-ageing specialist, announces the grand re-opening of...

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Business & Money | Wednesday 8 May, 2024 10:32 am

Jabal Omar’s CEO resigns, Saad Ben Aiban takes helm

Jabal Omar Development Co.’s board of directors approved on May 7 Khalid Al-Amoudi's resignation as Chief Executive Officer (CEO) effective May 30, 2024, to pursue his career.   The company’s board of directors appointed Vice Chairman Saad Ben Aiban as CEO effective May 31,...

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Government | Wednesday 8 May, 2024 10:31 am

UAE Ministry of Finance Establishes Framework to Enable Sustainable Public-Private Partnerships

The UAE Ministry of Finance is committed to enhancing public-private partnerships and recognises the significant role that such collaboration plays in the socio-economic development of the UAE. It also enhances sustainable economic development and achieves comprehensive prosperity for all members...

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Business & Money | Wednesday 8 May, 2024 10:21 am

NAHDI RECORDS 7.2% REVENUE GROWTH WITH A 10.3% NET PROFIT MARGIN, EXCEEDING ITS PREVIOUS GUIDANCE

Exceeding its previous guidance, Nahdi Medical Company achieved SAR 2.26 billion in revenue in Q1 2024, representing a 7.2% increase compared to Q1 2023 and 2% increase compared to the previous quarter.  Nahdi's Medicine segment continues to experience solid year-over-year growth, driven...

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Tourism & Hospitality | Wednesday 8 May, 2024 9:47 am

TOURISM MALAYSIA STRENGTHEN TIES WITH WEST ASIA AT 31ST ARABIAN TRAVEL MARKET

Tourism Malaysia participates in the 31st edition of Arabian Travel Market (ATM) 2024, showcasing the country’s latest attractions and destinations to attract more tourists from West Asia. The four-day prestigious event held at the Dubai World Trade Centre from 6 to 9 May 2024 marks Malaysia’s...

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| Wednesday 8 May, 2024 9:36 am

Ajman Tourism Goes Global, Signing a Memorandum of Understanding with United Spirit Nordic

The Ajman Department of Tourism Development (ADTD) is pleased to announce the signing of a Memorandum of Understanding (MoU) with United Spirit Nordic (USN), an independent company founded by Christine Engen in 2003, dedicated to improving Press & PR performance for unique destinations, hotels, ...

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