Business & Money | Monday 27 May, 2024 1:32 am

ADES wins 6 onshore contracts worth SAR 2.4B in Kuwait

ADES Holding Co. said that its subsidiary received a SAR 2.4 billion award for six onshore contracts with Kuwait Oil Co. (KOC). The award includes new contracts for four of the company’s current operating rigs in Kuwait and two newbuild units, ADES added in a statement to Tadawul. All...

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Business & Money | Sunday 26 May, 2024 11:53 am

Sipchem resumes ops at 3 plants after maintenance

Sahara International Petrochemical Co. (Sipchem) resumed operations, on May 25, at three plants affiliated with its subsidiaries, International Vinyl Acetate Co. (IVC), International Acetyl Co. (IAC) and International Gases Co. (IGC) after scheduled maintenance. During the scheduled...

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Business & Money | Sunday 26 May, 2024 11:49 am

SGS shareholders OK transfer of SAR 520.2M reserve to retained earnings

Shareholders of Saudi Ground Services Co. (SGS) approved transferring the company’s SAR 520.17 million statutory reserve as of Dec. 31, 2023, to the retained earnings account. They also authorized the board of directors to pay interim dividends on a semi-annual or quarterly basis...

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Business & Money | Sunday 26 May, 2024 11:47 am

196 significant transactions on ADNOC Drilling shares in ADX worth AED3.4 million

Abu Dhabi Securities Exchange (ADX) witnessed the execution of 196 significant transactions on ADNOC Drilling shares. According to ADX data, the transactions involved a total of 880 million shares, exceeding a value of AED3.4 million at an execution price of AED3.9. Abu Dhabi National Oil ...

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Government | Sunday 26 May, 2024 11:44 am

Ajman Department of Finance, Marsa Properties Sign Agreement to Enhance Emirate’s Investment Environment

The Ajman Department of Finance has finalised a service provision agreement with the independent government company Marsa Properties, allowing it to utilise the services of the ‘Tawreed’ platform within the Ajman government. The collaboration aims to create an attractive investment environment...

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Government | Sunday 26 May, 2024 11:41 am

AD Ports Group launches Maritime Sustainability Research Centre

AD Ports Group, a leading facilitator of global trade, logistics and industry, today launched The Maritime Sustainability Research Centre, Abu Dhabi (MSRCAD), a non-profit agency dedicated to joint industry-government academia research, with a focus on sustainability and innovation. The...

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Government | Sunday 26 May, 2024 11:38 am

UAE tourism sector expected to contribute 12% to GDP in 2024, UN tourism meeting told

The UAE's tourism sector contributed AED220 billion to the GDP in 2023, accounting for 11.7 percent of the overall economy, This upward trend is expected to continue in 2024, with projections indicating the sector will reach AED236 billion and account for an even greater share of the GDP at 12...

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Culture & Education | Sunday 26 May, 2024 11:35 am

Arab Youth Media Forum: A dynamic platform stimulating creativity among young professionals

The Arab Youth Media Forum is a dynamic platform that brings together a selection of the most prominent media industry inspirers to share their experiences and expertise with talented youth, media students, and creative sectors. The Forum provides exceptional opportunities for the participants to...

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Business & Money | Sunday 26 May, 2024 11:24 am

MBC inks SAR 65.1M TV series production contract

MBC Group’s wholly owned subsidiary, MBC FZ-LLC, signed a TV series production contract with MedYapim Middle East Audiovisual Media Production Co. at SAR 65.1 million, according to a statement to Tadawul. The contract will start as of the signing date and the series production will end in...

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Business & Money | Sunday 26 May, 2024 11:18 am

Hassan Allam Construction Saudi Signs Construction Works Contract for the Primary Coral Nursery

Hassan Allam Construction Saudi, alongside King Abdullah University of Science and Technology, is proud to announce the signing of the construction works contract for the Primary Coral Nursery within KAUST Coral Restoration Initiative, the world’s largest coral reef restoration effort in...

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