Business & Money | Tuesday 14 May, 2024 9:39 am

Alula FM becomes first radio station to be featured on Saudia’s inflight entertainment system.

The Royal Commission for AlUla (RCU) has implemented a partnership with Saudia, the national flag carrier of Saudi Arabia, to display digital content from AlUla FM as part of the airline’s inflight entertainment system, Beyond. Signed by Abdulrahman Altrairi, Chief Communications and PR...

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Business & Money | Tuesday 14 May, 2024 8:34 am

Alrajhi bank announces the success of the first sustainable AT1 capital sukuk issuance

Alrajhi bank succeeded in offering the first sustainable additional capital (AT1) sukuk denominated in US dollars, with a size of $1 billion and a profit rate of 6.375% annually. The sukuk are the first AT1 issuance from alrajhi bank in the global debt markets In US dollars (as part of an...

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Business & Money | Tuesday 14 May, 2024 7:58 am

Tawuniya board OKs repurchase of 147,400 shares for employee incentive plan

The Company for Cooperative Insurance's (Tawuniya) board of directors approved the repurchase of a maximum of 147,435 of the company’s shares, to be allocated for the employee long-term stock incentive plan, according to a statement to Tadawul today, May 12. The buyback will...

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Business & Money | Tuesday 14 May, 2024 7:55 am

“Taiba Investments” Inks 4 Strategic Agreements Aiming to Enhance Customer Experience and Operational Excellence at the Arabian Travel Market 2024

Standing out at the recently-held Arabian Travel Market 2024 in Dubai from 6 to 9 May, Taiba Investments, the leading Saudi hospitality company boasting a proven track record in managing, developing, and operating hotels and residential compounds across the Kingdom, announced the signing of a...

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Government | Tuesday 14 May, 2024 7:45 am

Dubai Civil Aviation Authority participates in Airport Show’s 23rd edition

The Dubai Civil Aviation Authority has completed its preparations to participate in the 23rd edition of the Airport Show, taking place under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, who serves as the President of the Dubai Civil Aviation Authority, Chairman of Dubai...

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Technology & IT | Tuesday 14 May, 2024 7:37 am

UAE tops global fibre connectivity with 99.3 percent penetration

The UAE has once again been recognised as the global leader in Fibre to the Home (FTTH) penetration. This marks the eighth consecutive year the country has held this top position with a penetration rate of 99.3 percent, as reported by the FTTH Council in its latest annual report. The report...

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Business & Money | Tuesday 14 May, 2024 7:34 am

Emirates Group records full-year profit of AED18.7 billion

The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its...

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Business & Money | Tuesday 14 May, 2024 7:18 am

NWC started implementing 9 projects in Madinah at some 500m SR

The National Water Company (NWC), represented by the Northwest Cluster, announced the launch of the implementation of 9 water and sanitation projects in different locations in Madinah Region, at a cost of about 500 million Saudi Riyals (SR), in order to increase the coverage of services, increase...

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Business & Money | Tuesday 14 May, 2024 7:18 am

Sipchem’s affiliate signs agreements to refinance SAR 1.53B outstanding loan

Sahara International Petrochemical Co. (Sipchem) said that its affiliate, Sahara and Ma'aden Petrochemicals Co. (SAMAPCO) signed Islamic facility agreements to refinance its SAR 1.53 billion outstanding syndicated loan with Banque Saudi Fransi and Al Rajhi Bank. These agreements also cover a...

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Environment & Energy | Tuesday 14 May, 2024 7:13 am

ADNOC Drilling secures $1.7 billion contract to unlock UAE’s world-class unconventional energy resources

ADNOC Drilling Company has been awarded, by ADNOC, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. The contract will see Turnwell deliver 144 unconventional oil and gas wells. To service the contract and explore the...

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