10 Muharram 1446 - 16 July 2024
    
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Eye of Dubai

Saudi Reinsurance seals SAR 427.7M binding subscription agreement with PIF
Business & Money | Sunday 7 July, 2024 9:32 am
Saudi Reinsurance Co. inked, on July 4, a binding subscription agreement with the Public Investment Fund (PIF), according to a statement to Tadawul.   In accordance with the subscription agreement, the company will increase its capital from SAR 891 million to 1.158 billion, while...
Jahez submits request for transition to main market
Business & Money | Sunday 7 July, 2024 8:50 am
Nomu-listed Jahez International Company for Information System Technology submitted today, July 7, a request for transition to the Saudi Exchange (Tadawul) through the online portal developed by the regulators, according to a statement on Tadawul. Any updates in this regard will be announced...
CATRION inks MoU to purchase 85 high loaders for catering services
Business & Money | Sunday 7 July, 2024 8:42 am
CATRION Catering Holding Co. signed, on July 4, 2024, a memorandum of understanding (MoU) with Mallaghan Engineering Ltd in Belfast, Northern Ireland, in order to purchase 85 high loaders dedicated to inflight catering services, for a period of four years (2024 to 2027), according to a statement to ...
RAKEZ and AHK boost Ras Al Khaimah’s business outlook through networking event for German investors
Business & Money | Sunday 7 July, 2024 8:13 am
Ras Al Khaimah Economic Zone (RAKEZ) along with the German Emirati Joint Council for Industry & Commerce (AHK) hosted a successful Business Breakfast in Ras Al Khaimah aimed at fostering networking among German investors and businesses throughout the UAE. Ms. Ute Brunn, Deputy Consul General of ...
59% growth of Abu Dhabi non-oil GDP in 10 years
Business & Money | Sunday 7 July, 2024 8:00 am
The Abu Dhabi Department of Economic Development (ADDED) organised, in collaboration with the Abu Dhabi Investment Office (ADIO), the third edition of Al Multaqa quarterly meetings, presenting the business community with recent updates on the Emirate’s economy and achievements in the first half...
Batic Law Participates in SelectUSA Summit and Signs MOU with Tate Bywater
Business & Money | Friday 5 July, 2024 10:54 am
Batic Law is proud to announce its participation in the SelectUSA Investment Summit, the premier event for business investment in the United States. This summit is a critical platform that connects investors, companies, and economic development organizations (EDOs) to facilitate significant...
PIF signs MoU to invest $500M in Hong Kong-listed ChaoShang
Business & Money | Friday 5 July, 2024 10:40 am
The Public Investment Fund (PIF) signed on July 4 a memorandum of understanding (MoU) with Hong Kong-listed ChaoShang Group for a potential $500 million investment.   In a statement, ChaoShang said the total investment comprises of $100 million in five-year convertible debenture and...
Every military direct job adds 5 others: SAMI
Business & Money | Friday 5 July, 2024 10:26 am
Walid Abukhaled, CEO of Saudi Arabian Military Industries (SAMI), said every direct job in the Saudi military industries sector contributes to adding five indirect others supporting the economy, Al Eqtisadiah newspaper reported.   He added that the entry of new companies into the...
Abu Dhabi Securities Exchange (ADX) Welcomes Secondary Listing of Inaugural ADQ $2.5 Billion Bond
Business & Money | Friday 5 July, 2024 1:47 am
Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the secondary listing of the Abu Dhabi Development Holding Company’s (ADQ) $2.5 billion bond, first listed on the London Stock Exchange (LSE) in April 2024. The dual tranche bond, comprising a...
The Ajman Department of Finance Participates in the 30th Annual Reserve Management Seminar
Business & Money | Friday 5 July, 2024 12:55 am
The Ajman Department of Finance, represented by Jassim Bu Osaiba, Director of the Department's Internal Audit Office, participated in the 30th edition of the Annual Reserve Management Seminar, hosted by UBS Swiss Bank in Zurich, Switzerland. The seminar is considered one of the leading global...
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