09 Dhu al-Hijjah 1445 - 16 June 2024
    
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Eye of Dubai

  Aramco plans sale of nearly $10B shares: Report
Business & Money | Monday 27 May, 2024 1:44 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 said. ...
MAWANI, DP World break ground on SAR 900M logistics park at Jeddah Islamic Port
Business & Money | Monday 27 May, 2024 1:36 am
The Saudi Ports Authority (MAWANI) and Dubai’s DP World broke ground today, May 26, on a logistics park project at Jeddah Islamic Port, with investments totaling SAR 900 million ($250 million). According to the Emirates News Agency (WAM), the 415,000-square-meter (sqm) greenfield facility...
ADES wins 6 onshore contracts worth SAR 2.4B in Kuwait
Business & Money | Monday 27 May, 2024 1:32 am
ADES Holding Co. said that its subsidiary received a SAR 2.4 billion award for six onshore contracts with Kuwait Oil Co. (KOC). The award includes new contracts for four of the company’s current operating rigs in Kuwait and two newbuild units, ADES added in a statement to Tadawul. All...
Sipchem resumes ops at 3 plants after maintenance
Business & Money | Sunday 26 May, 2024 11:53 am
Sahara International Petrochemical Co. (Sipchem) resumed operations, on May 25, at three plants affiliated with its subsidiaries, International Vinyl Acetate Co. (IVC), International Acetyl Co. (IAC) and International Gases Co. (IGC) after scheduled maintenance. During the scheduled...
SGS shareholders OK transfer of SAR 520.2M reserve to retained earnings
Business & Money | Sunday 26 May, 2024 11:49 am
Shareholders of Saudi Ground Services Co. (SGS) approved transferring the company’s SAR 520.17 million statutory reserve as of Dec. 31, 2023, to the retained earnings account. They also authorized the board of directors to pay interim dividends on a semi-annual or quarterly basis...
196 significant transactions on ADNOC Drilling shares in ADX worth AED3.4 million
Business & Money | Sunday 26 May, 2024 11:47 am
Abu Dhabi Securities Exchange (ADX) witnessed the execution of 196 significant transactions on ADNOC Drilling shares. According to ADX data, the transactions involved a total of 880 million shares, exceeding a value of AED3.4 million at an execution price of AED3.9. Abu Dhabi National Oil ...
MBC inks SAR 65.1M TV series production contract
Business & Money | Sunday 26 May, 2024 11:24 am
MBC Group’s wholly owned subsidiary, MBC FZ-LLC, signed a TV series production contract with MedYapim Middle East Audiovisual Media Production Co. at SAR 65.1 million, according to a statement to Tadawul. The contract will start as of the signing date and the series production will end in...
Hassan Allam Construction Saudi Signs Construction Works Contract for the Primary Coral Nursery
Business & Money | Sunday 26 May, 2024 11:18 am
Hassan Allam Construction Saudi, alongside King Abdullah University of Science and Technology, is proud to announce the signing of the construction works contract for the Primary Coral Nursery within KAUST Coral Restoration Initiative, the world’s largest coral reef restoration effort in...
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, Saudi Press Agency reported.  The Kingdom’s rating, according to the agency, came in line with the tangible progress the government has achieved in comprehensive reforms since 2016, as well as the...
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...
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