Tourism & Hospitality | Thursday 9 May, 2024 12:06 am

Saudia and Red Sea Global Announce a Partnership to Enhance Travel Opportunities

Saudia, the national flag carrier of Saudi Arabia, and Red Sea Global (RSG), announced a strategic partnership to streamline travel experiences for Red Sea Global and its affiliates. The agreement was signed by Arved Von Zur Muehlen, Chief Commercial Officer of Saudia, and Ahmad Darwish, RSG...

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Business & Money | Thursday 9 May, 2024 12:02 am

Aqaseem plans Sukuk issuance worth SAR 500M

Aqaseem Factory for Chemicals and Plastics Co.’s board announced, on April 28, its intention to set up a SAR Sukuk program. The company will issue local SAR-denominated, Shariah-compliant Sukuks at a value of SAR 500 million. The funding will be used to serve for the ...

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Tourism & Hospitality | Thursday 9 May, 2024 12:02 am

Saudia Holidays and Mauritius Tourism Promotion Authority Strengthen Ties with MoU Signing at ATM 2024

Saudia Holidays and the Mauritius Tourism Promotion Authority (MTPA) have inked a Memorandum of Understanding (MoU), during the Arabian Travel Market (ATM) held in Dubai, to collaborate on promoting Mauritius as a premier touristic destination for the Kingdom’s residents.  The agreement ...

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Tourism & Hospitality | Wednesday 8 May, 2024 3:14 pm

Traveazy Group Unveils the Future of B2B Travel Solutions at ATM 2024

Holidayme's Dynamic Relaunch at the Arabian Travel Market Spotlights Game Changing Tools for Travel Providers, Featuring Advanced API Integration and Effortless Booking Capabilities Dubai, UAE - Leading online travel company, Traveazy Group, announces the strategic relaunch of its subsidiary,...

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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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