Business & Money | Monday 9 December, 2024 11:27 am

Hub71, Google partner to accelerate startup growth in UAE

Hub71, Abu Dhabi’s global tech ecosystem, signed a strategic partnership with Google to accelerate startup growth in the UAE. This partnership introduces Google’s startup programme, Google for Startups’ to Abu Dhabi, creating unique opportunities for Hub71 startups to continue a...

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Business & Money | Monday 9 December, 2024 11:24 am

Expo Sharjah participates in Cosmoprof India 2024

Expo Centre Sharjah took part in Cosmoprof India 2024, a leading global event for the beauty market, held in Mumbai from 5th to 7th December, with participation from over 700 international brands and exhibitors.Expo Sharjah’s participation in this prestigious event reflects the centre’s...

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Business & Money | Monday 9 December, 2024 11:18 am

Abu Dhabi Investment Office partners with Partanna to decarbonise concrete industry

The Abu Dhabi Investment Office (ADIO) has partnered with Partanna, a Bahamian climate tech company, to establish its regional headquarters and a state-of-the-art manufacturing facility in Abu Dhabi. This collaboration, announced during the inaugural Abu Dhabi Business Week (ADBW), will...

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Business & Money | Monday 9 December, 2024 11:16 am

Dubai’s production of green hydrogen reduces 450 tonnes of CO2 emissions

Dubai Electricity and Water Authority (DEWA) has announced that its Green Hydrogen project has produced around 90 tonnes of green hydrogen since it was launched in May 2021. Most of this hydrogen was used to produce more than one-gigawatt hour (GWh) of green energy, reducing about 450 tonnes...

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Business & Money | Monday 9 December, 2024 11:04 am

UAE ranks fifth in Quality Infrastructure for Sustainable Development Index 2024

The UAE ranked fifth in this year’s Quality Infrastructure for Sustainable Development (QI4SD) Index1, climbing six places since the United Nations Industrial Development Organisation (UNIDO) launched the index in June 2022. The QI4SD Index categorised the UAE in the ‘L’ group that...

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Business & Money | Monday 9 December, 2024 10:58 am

Savola plans SAR 859M Sukuk buyback

Savola Group announced its intention to buy back SAR 859 million worth of Sukuk from its SAR 1 billion issuance in 2019 and maturing in 2026, with a redemption ratio of 85.9% and a total of 859 Sukuk. In a statement to Tadawul, the company said once the buyback is completed, the group plans to ...

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Business & Money | Monday 9 December, 2024 10:54 am

Molan Steel renews SAR 13M credit facilities with Bank Albilad

Molan Steel Co. renewed, on Dec. 8, Shariah-compliant credit facilities with Albilad Bank at a total value of SAR 13 million, according to a statement to Tadawul. These facilities, extended to Sept. 16, 2025, will finance the requirements of the working capital. The credit facilities are...

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Technology & IT | Monday 9 December, 2024 10:53 am

HONOR X9c Redefines Durability for Everyday Protection

The HONOR X9c brings flagship-level durability to a mid-range segment, and in doing so gives users peace of mind about their smartphone’s safety. It also means that for everyday scenarios, users don’t have to worry about accidental drops or mishaps rendering their smartphone unusable. The HONOR ...

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Business & Money | Monday 9 December, 2024 10:52 am

Al Yamamah Steel inks SAR 95M supply contract

Al Yamamah Steel Industries Co. signed, on Dec. 8, a one-year contract with National Contracting Company Ltd. (NCC) for SAR 94.95 million, according to a statement to Tadawul. The contact entails supply of steel towers to establish a 380 kV high voltage line in the central region, the...

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Business & Money | Monday 9 December, 2024 10:46 am

Derayah Financial and Alpaca Join Forces to Expand Foreign Investor Access to Saudi Arabia’s Market

Derayah Financial has announced a strategic partnership and investment agreement with Alpaca, a global leader in financial brokerage infrastructure technology. This collaboration aims to deliver digital-driven trading solutions that empower investors in both local and international markets, while...

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