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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Government | Tuesday 30 April, 2024 10:10 am

Emirates Reprographic Rights Management Association holds second general assembly meeting, elects new board of directors

The Emirates Reprographic Rights Management Association (ERRA) convened its second ordinary general assembly meeting in Sharjah, with the participation of the current board of directors and 65 members. During the meeting, the association announced the election of new board members for its second...

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Environment & Energy | Tuesday 30 April, 2024 9:42 am

ACCIONA PRESENTS IT FIRST TALKS ABOUT REVERSE OSMOSIS DESALINATION

ACCIONA, a global company and a leader in the provision of regenerative solutions for a decarbonized economy, held its first panel discussion in its series of Talks designed to promote regenerative and sustainable solutions in the Kingdom of Saudi Arabia.  The event took place at the Spanish...

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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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Culture & Education | Tuesday 30 April, 2024 9:19 am

Professor Asutay Receives Award of IsDB Prize for Impactful Achievement in Islamic Economics

The first-place winner of the 2024 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics, Professor Mehmet Asutay, received the award during a ceremony in Riyadh, Kingdom of Saudi Arabia. The award was presented by the IsDB Vice President (Operations), Dr. Mansur ...

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Government | Tuesday 30 April, 2024 8:50 am

Saudi Arabia continues to create investment opportunities in emerging sectors

Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense, affirmed that Saudi Arabia has early recognized the importance of international cooperation, growth, and energy. It has worked on enhancing partnership and integration, stressing the Kingdom's...

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Government | Tuesday 30 April, 2024 8:07 am

UAE Corporate Tax to Bolster Future Economic Sustainability

The United Arab Emirates has initiated a transformative fiscal policy with the introduction of a federal corporate tax, aiming to cement its economic future’s resilience and prosperity. This strategic policy shift, outlined in Federal Decree-Law No. (47) of 2022, aligns with international tax...

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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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