12 Dhu al-Qi'dah 1445 - 20 May 2024
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Eye of Riyadh

Arabian Pipes, Saudi Aramco sign SAR 107M contract
Business & Money | Wednesday 15 May, 2024 10:29 am
Arabian Pipes Co. signed today, May 14, a SAR 107 million contract to supply pipes from its factories to Saudi Arabian Oil Co. (Saudi Aramco). The contract duration is 10 months, the company said in a statement to Tadawul, expecting the financial impact to appear during the first and ...
Schneider Electric Appoints Yasser Ahmed as Gulf Vice President of Buildings
Business & Money | Wednesday 15 May, 2024 9:32 am
Schneider Electric, a global leader in energy management and automation, appoints Yasser Ahmed as the Vice President of Buildings for the Gulf Cluster.   With over fifteen years of experience in digitization, automation, and decarbonization, Ahmed brings a wealth of knowledge to his...
TAQA Group Reports AED 2.1 billion Net Income for Q1 2024
Business & Money | Wednesday 15 May, 2024 9:24 am
 Abu Dhabi National Energy Company PJSC (TAQA or the Company), one of the largest listed integrated utilities in Europe, the Middle East and Africa, reported its earnings for the period ending 31 March 2024. TAQA delivered a robust financial performance, bolstered by the recognition of...
Dubai's Off-Plan Investment: Top 5 Picks for Saudi Investors
Business & Money | Wednesday 15 May, 2024 8:57 am
Investors from across the globe are still drawn to Dubai's real estate sector. The city's burgeoning off-plan property industry accounts for a large percentage of this appeal. Developments that are still in the planning stages are referred to as off-plan homes because they provide investors the...
The Luxe Developers launch the most expensive residences in Ras Al Khaimah valued at over AED180 million
Business & Money | Wednesday 15 May, 2024 8:48 am
The Luxe Developers, a UAE-based real estate development firm, has officially launched The Celeste and The Stellar, two ultra-luxury residences that form an integral part of the company’s Oceano development, located on Al Marjan Island. The properties, valued at over AED 90 million each, address...
Sharjah Chamber concludes trade mission to India holding 365 bilateral business meetings
Business & Money | Wednesday 15 May, 2024 7:04 am
The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Exports Development Centre (SEDC), has successfully concluded its trade mission to India by arranging 365 bilateral business meetings.These meetings brought together representatives of companies participating in the...
Alula FM becomes first radio station to be featured on Saudia’s inflight entertainment system.
Business & Money | Tuesday 14 May, 2024 9:39 am
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...
ADCB ranks first in banking, second across UAE's economic sectors
Business & Money | Tuesday 14 May, 2024 9:15 am
Abu Dhabi Commercial Bank (ADCB) ranked as the top financial institution for customer experience excellence and the second across all sectors in the latest annual survey conducted by KPMG Lower Gulf. According to the KPMG’s annual Customer Experience Excellence (CEE) report: ADCB's rise in...
Alrajhi bank announces the success of the first sustainable AT1 capital sukuk issuance
Business & Money | Tuesday 14 May, 2024 8:34 am
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...
Tawuniya board OKs repurchase of 147,400 shares for employee incentive plan
Business & Money | Tuesday 14 May, 2024 7:58 am
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...