14 Sha'aban 1445 - 25 February 2024
    
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Eye of Dubai

CENOMI CENTERS SECURES UP TO SAR 5.25 BILLION SHARIAH COMPLIANT SUSTAINABILITY-LINKED FACILITIES
Business & Money | Thursday 15 February, 2024 9:05 am
Cenomi Centers, the largest owner, operator and developer of shopping malls and complexes in the Kingdom of Saudi Arabia, has secured a Shariah compliant, sustainability-linked financing agreement with a syndicate of top tier banks. HSBC Saudi Arabia led the arrangement of the syndication,...
Moro Hub to Collaborate with NVIDIA in developing World-Class Green AI Data Centre in UAE
Business & Money | Thursday 15 February, 2024 8:57 am
Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), signed an agreement with collaboration to utilise NVIDIA's accelerated computing platform and reference architecture to build a world-class green AI data centre in the UAE.  A signing...
REGA launches e-platform for real estate contributions
Business & Money | Thursday 15 February, 2024 8:54 am
The Real Estate General Authority (REGA) launched a new e-platform to receive applications for qualification and licensing of real estate contributions.   The platform will enable developers to obtain the necessary licenses to start real estate contributions through online submission ...
ACWA Power fulfills terms to withdraw funding for SAR8.6B PV solar plants
Business & Money | Thursday 15 February, 2024 8:49 am
ACWA Power Co. announced the fulfillment of the conditions precedent to the drawdown of the credit facilities to fund Ar Raas 2, Saad 2 and Al Kahfah solar PV projects in central and north Saudi Arabia.   The three large-scale projects have a production capacity...
Big 5 Construct Saudi, under the patronage of the Ministry of Municipal, Rural Affairs and Housing in the Kingdom, shapes the future of construction
Business & Money | Wednesday 14 February, 2024 12:29 pm
Held under the patronage of His Excellency Mr. Majid Abdullah Al-Hogail, the Minister of Municipal, Rural Affairs and Housing in Saudi Arabia, the 12th edition of Big 5 Construct Saudi, the largest construction event to be ever held in the Kingdom, organized by dmg events, is gearing up to...
Nikken Sekkei-designed One Za’abeel Project  inaugurated in Dubai
Business & Money | Wednesday 14 February, 2024 9:52 am
Leading Japanese architectural consulting firm Nikken Sekkei celebrated the official opening of its One Za’abeel project, wholly owned by the Investment Corporation of Dubai, with a ceremony at the site on February 10. Distinguished attendees included...
Human Capability Development Program explores labor market needs
Business & Money | Wednesday 14 February, 2024 9:50 am
The Human Capability Development Program (HCDP) is working on a mega project to anticipate the needs of the labor market, CEO Anas AlMudaifer told CNBC Arabia.   He added that this will help narrow the gap between the labor market needs and human capability in the educational and...
Cenomi Centers signs SAR 5.25B credit facilities with multiple banks
Business & Money | Wednesday 14 February, 2024 9:37 am
Arabian Centres Co. (Cenomi Centers)  signed, on Feb. 13, a Shariah- compliant guaranteed Murabaha credit facility agreement and a revolving murabaha facilities agreement with lower borrowing costs and more flexible covenants compared to existing facilities, with multiple banks and for a total ...
Emirates Integrated Telecommunications Company PJSC Reports its Q4 and full-year 2023 Results
Business & Money | Wednesday 14 February, 2024 9:30 am
Emirates Integrated Telecommunications Company PJSC published today its financial results for Q4 and the full-year 2023. Full-year revenues grew by 6.9% to AED 13.64 billion highlighting sustained demand for mobile services, and strong growth in postpaid and fixed services. Full-year EBITDA surged...
SCAI Partners with stc and Tahakom to Launch Sawaher Platform by Harnessing AI Technologies and Smart Analytics
Business & Money | Wednesday 14 February, 2024 9:23 am
The Saudi Company for Artificial Intelligence (SCAI), wholly owned by the Public Investment Fund (PIF), has announced its strategic alliance with Saudi Telecom Company (stc) and Saudi Technology and Security Comprehensive Control Company (Tahakom) for their collaboration on the launch of the...
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