Business & Money | Tuesday 4 June, 2024 10:29 am

ACWA Power sells 30% stake in RAWEC to Hassana for SAR 844M

ACWA Power Co. signed, on June 3, a share purchase agreement (SPA) to sell 30% of its stake in Rabigh Arabian Water & Electricity Co. (RAWEC) to Hassana Investment Co., for SAR 844 million, according to a statement to Tadawul. The deal included Arabian Company for Water and Power...

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Business & Money | Tuesday 4 June, 2024 10:23 am

Emaar Announces AED 1.5 billion Expansion of Dubai Mall

Emaar Properties has announced a monumental expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. This project represents an investment of 1.5 billion dirhams, and the contractor is already mobilising on-site.  Announcing the impressive...

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Tourism & Hospitality | Tuesday 4 June, 2024 10:18 am

Saudi Tourism Authority and Taiba Investments Sign MoU to Boost Number of Chinese Tourists

Taiba Investments, a leading hospitality and real estate company, announced that it has signed a Memorandum of Understanding with the Saudi Tourism Authority (STA). Taiba Investments and STA will collaborate to enhance Saudi Arabia’s position as a leading destination for Chinese travelers while...

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Tourism & Hospitality | Tuesday 4 June, 2024 9:55 am

Steering logistics globally, Logimotion advisory panel meets in Dubai

Messe Frankfurt Middle East, the organisers of Logimotion, a pioneering new event for the international logistics industry, held an advisory board meeting last week to outline the key priorities for the upcoming event, which will take place from 10 – 12 December at the Dubai World Trade...

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Government | Tuesday 4 June, 2024 9:50 am

Ajman Department of Finance Meets with Strategic Partners to Formulate New Strategy Under Ajman Vision 2030

The Ajman Department of Finance (DOF) held its regular meeting with partners to identify their needs through a brainstorming session. Held under the slogan “Together We Rise”, the gathering also honoured the joint and fruitful efforts of all parties and acknowledged their pivotal role in last...

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Business & Money | Tuesday 4 June, 2024 9:33 am

Athar Awards 2024 to foster innovation in Saudi Arabia’s thriving creative industry

The highly anticipated second edition of Athar - Saudi Festival of Creativity, the Kingdom's largest gathering of the creative marketing industry, has officially announced the launch of the Athar Awards 2024. The entry period for the Awards’ 24 opens for both English and Arabic submissions on 30...

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Business & Money | Tuesday 4 June, 2024 9:08 am

From Concept to Execution: The Ad Creative Testing Workflow

Do you know how many marketing messages a customer is exposed to daily? You may think it is hundreds or thousands, but the answer is a lot more than that. The real figures will make you question how the human brain copes with constant information overload.  However, amidst this...

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Business & Money | Tuesday 4 June, 2024 9:00 am

UAE commits additional $6.26b in industrial offtakes

Government enterprises and private companies in the UAE committed an additional $6.26 billion to local manufacturing during the Make it in the Emirates (MIITE) Forum, which concluded on Tuesday. Organized by the Ministry of Industry and Advanced Technology (MoIAT), the forum witnessed a series of...

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Tourism & Hospitality | Tuesday 4 June, 2024 8:28 am

Dubai Civil Aviation Authority participated in Future Aviation Forum in Riyadh

The Dubai Civil Aviation Authority (DCAA) participated in the third edition of the Future Aviation Forum, at the King Abdulaziz International Conference Centre in Riyadh, Saudi Arabia. The future of the aviation sector was highlighted, with an emphasis on strengthening civil aviation collaboration...

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Business & Money | Tuesday 4 June, 2024 8:24 am

UAE’s Samana Developers Begins Digital Transformation with Oracle

Samana Developers, a leading real estate developer in Dubai, has partnered with Oracle to commence digital transformation. The partnership will enable the developer to leverage Oracle's cutting-edge digital solutions, offering improved operational efficiency, enhanced decision-making, and...

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