Business & Money | Wednesday 1 May, 2024 9:01 am

ROSHN Signs Pledge to Become a Saudi Sustainability Champion

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has become one of the first ‘Saudi Sustainability Champions’ after signing a high-level pledge at the World Economic Forum. The initiative, which is led by the Ministry of Economy and Planning, aims ...

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Business & Money | Wednesday 1 May, 2024 8:23 am

AED 1 billion Manta Bay luxury project unveiled in Ras Al Khaimah

Major Developers, a UAE-based real estate company specialising in luxury living experiences, has announced the launch of Manta Bay, an AED 1 Billion luxury project in Ras Al Khaimah. This milestone project marks Major Developers' first endeavour in the emirate and signifies a major investment...

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Business & Money | Tuesday 30 April, 2024 1:22 pm

Emirates Integrated Telecommunications Company PJSC Reports its Q1 2024 Results

Emirates Integrated Telecommunications Company PJSC published today its financial results for Q1 2024. Revenues increased by 4.1% to AED 3.58 billion reflecting our continuous commercial momentum and market competitiveness. EBITDA soared by 16.2% to AED 1.59 billion reflecting top line growth,...

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Business & Money | Tuesday 30 April, 2024 11:03 am

Alkhorayef signs SAR 1.7B O&M contract with NWC

Alkhorayef Water and Power Technologies Co. (AWPT) signed a long-term operation and maintenance (O&M) contract with National Water Co. (NWC) to develop sewage treatment plants in Al Ahsa, according to a statement to Tadawul.   The contract will extend for 15 years...

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Business & Money | Tuesday 30 April, 2024 10:20 am

RUA AL MADINAH HOLDING SIGNS AGREEMENT WITH HILTON TO OPEN THREE HOTELS AT RUA AL MADINAH PROJECT

Rua Al Madinah Holding has signed an agreement with Hilton to open three hotels comprising of over 1600 keys at Rua Al Madinah mega-project, including Conrad Rua Al Madinah, DoubleTree by Hilton Rua Al Madinah, and Hilton Garden Inn Rua Al Madinah.  Located at the area east of Al Masjid...

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Business & Money | Tuesday 30 April, 2024 9:29 am

ISFD AND ICEI PARTNER TO EMPOWER WOMEN, YOUTH, AND COMMUNITIES IN OIC COUNTRIES

The Islamic Solidarity Fund for Development (ISFD) and the International Center for Entrepreneurship and Innovation (ICEI), signed a Memorandum of Understanding (MoU) to collaborate on promoting economic empowerment and social development in Organization of Islamic Cooperation (OIC) member...

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Business & Money | Tuesday 30 April, 2024 8:00 am

ITFC Signs Multiple Agreements with Member Countries and Strategic Partners

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, commenced the first day of the 49th IsDB Group Annual Meeting with a series of strategic meetings and important signings. Held at the Intercontinental Hotel, Riyadh, the first day of...

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Business & Money | Tuesday 30 April, 2024 7:23 am

ICIEC, JSCB Agrobank, and Standard Chartered Collaborate to Strengthen Uzbek Economy with €150 Million Islamic Financing Initiative

In a landmark move to support the burgeoning Uzbek economy, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah- based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has entered into a significant cooperation...

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Business & Money | Tuesday 30 April, 2024 1:39 am

Emirates Islamic becomes first Islamic bank in the region to introduce Fractional Sukuk for investors

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched Fractional Sukuk, an innovative new product catering to investors. The exclusive offering grants customers access to international Sukuk markets with a minimum investment as low as USD 25,000. The...

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Business & Money | Monday 29 April, 2024 11:06 am

Azizi Developments and Kettle Collective partner for Azizi Venice

Azizi Developments, a leading private developer in the UAE, has announced its partnership with UK-based design studio Kettle Collective for the concept design of twelve buildings in its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. Founded in...

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