Business & Money | Sunday 14 April, 2024 9:53 am

Saudi Cable names Sabri Alghamdi as Chairman, Walid AlShuwaier Vice Chairman

Saudi Cable Co.'s board of directors decided on April 7 to appoint Sabri Alghamdi as Chairman and Walid AlShuwaier as Vice Chairman for the next three-year term starting April 4, 2024, according to a Tadawul statement.  The board also formed the nomination and remuneration committee,...

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Business & Money | Sunday 14 April, 2024 9:52 am

Supreme Council of Energy launches Dubai Demand Side Management Recognition Programme

The Dubai Supreme Council of Energy has launched the Dubai Demand Side Management Recognition Programme, a unique platform to recognise and honour the exemplary efforts of organisations and individuals who contribute to enhancing the future of Dubai through responsible practices in energy and water ...

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Business & Money | Sunday 14 April, 2024 2:01 am

Saudi Arabia imposes anti-dumping duties on 7 imports from 10 countries: Report

Saudi Arabia imposed anti-dumping duties on seven products imported from 10 European and Asian countries, six of which are subject to the unified GCC law to protect the industry from the damage caused by dumped and subsidized imports, Al-Eqtisadiah newspaper reported. The products included all ...

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Business & Money | Saturday 13 April, 2024 8:20 am

DIRIYAH COMPANY TO INTRODUCE VISIONARY RETAIL HUB - DIRIYAH SQUARE - AT WORLD RETAIL CONGRESS IN PARIS

Diriyah Company will introduce its new visionary and lifestyle destination – Diriyah Square – to global industry leaders participating at the World Retail Congress in Paris from 16-18 April. Located on the outskirts of the Saudi capital, Riyadh, the new retail hub will host over 400 new retail...

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Government | Saturday 13 April, 2024 8:16 am

EU Council approves law targeting organised crime through asset recovery and confiscation

The Council of the European Union (EU) today adopted a law which sets out EU-wide minimum rules on the tracing, identification, freezing, confiscation and management of criminal property in connection with a wide range of crimes. The directive will better equip member states in their fight...

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Business & Money | Saturday 13 April, 2024 8:14 am

Action-packed night guaranteed in Abu Dhabi as UFC® 308 confirmed for October 26

UFC, the world’s premier mixed martial arts organisation, and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), today announced UFC’s much anticipated next championship event in Abu Dhabi on Saturday, 26 October at the Etihad Arena. For UFC® 308, fan favourite Abu Dhabi ...

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Business & Money | Saturday 13 April, 2024 8:12 am

World's leading financial institutions raise China's 2024 growth forecasts

A number of leading global financial institutions and banks have revised their 2024 growth forecasts for China upward after improved data and effective policy delivery has raised expectations of a brighter outlook for the world's second-largest economy. According to China Central Television,...

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Business & Money | Saturday 13 April, 2024 8:08 am

WETEX 2024 to commence in Dubai in October

Dubai Electricity and Water Authority (DEWA) is organising the 26th Water, Energy, Technology and Environment Exhibition (WETEX) from 1st to 3rd October 2024 at the Dubai World Trade Centre. Saeed Mohammed Al Tayer, MD and CEO of DEWA, Founder and Chairman of WETEX, said that as one of the...

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Business & Money | Saturday 13 April, 2024 8:07 am

Electronic security supports e-commerce growth in KSA: American Express

The regulation of e-commerce and the strong electronic security pushed the e-commerce growth rate higher in Saudi Arabia, Al Eqtisadiah newspaper reported, citing Fahad Al Guthami, CEO of American Express Saudi Arabia.   He added that the company recorded a 62% rise in local...

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Business & Money | Saturday 13 April, 2024 8:05 am

ADF restructures 1,183 NPLs worth SAR 604M in 2023

The Agricultural Development Fund (ADF) restructured 1,183 non-performing loans (NPLs) worth SAR 604 million for investors and farmers in 2023.   According to its annual report, the fund stated that it collected loans worth SAR 3.44 billion during the fiscal year 2023. The total...

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