Business & Money | Friday 3 January, 2025 5:55 pm

AD Ports Group closes 2024 with strong growth

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said that the group has solidified its position as a leading facilitator of global trade and logistics through unprecedented global expansion and strategic investments in 2024. The group ended its eventful year ...

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Business & Money | Friday 3 January, 2025 5:50 pm

DXB set for record-breaking start to 2025 with 4.3m guests in 15 days

Dubai International (DXB) is on track to welcome 4.3 million guests in the first 15 days of the year, setting the stage for its busiest January yet. Daily traffic is projected to peak on 3rd January, with over 311,000 guests expected. With an average of 287,000 guests passing through daily...

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Business & Money | Thursday 2 January, 2025 12:30 pm

MONIIFY named strategic partner of 1 Billion Followers Summit

The 1 Billion Followers Summit has named MONIIFY as a strategic partner for its third edition organised by the UAE Government Media Office from 11th to 13th January 2025 at Dubai's Emirates Towers, DIFC and the Museum of the Future. Built for emerging markets, MONIIFY is designed to deliver...

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Business & Money | Thursday 2 January, 2025 12:26 pm

DAE acquires 83 aircraft, signs 233 lease transactions in 2024

Dubai Aerospace Enterprise (DAE) today reported its business transactions update for 2024. The company acquired 83 aircraft, of which 30 were owned and 53 were managed and sold 68 aircraft, including 19 owned and 49 managed. During the past year, DAE signed 233 lease agreements, extensions,...

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Business & Money | Thursday 2 January, 2025 9:58 am

Dubai Duty Free posts all-time annual sales high of AED7.9 billion

Dubai Duty Free completed 2024 on a high, establishing a new annual turnover record of AED7.901 billion (US$2.16 billion), buoyed as reported by a big surge in sales towards the end of the year. December set an all-time monthly record with sales of AED821.94 million (US$225.19 million), a +2%...

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Business & Money | Thursday 2 January, 2025 9:48 am

Al Arabia inks 10-year contract with RGA, expects SAR 694.3M revenue

Arabian Contracting Co. (Al Arabia) signed today, Jan. 1, a 10-year contract with the Roads General Authority (RGA) for advertising on intercity roads in Saudi Arabia, the company said in a statement to Tadawul. Al Arabia expects SAR 694.3 million in revenue, with the relevant...

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Business & Money | Thursday 2 January, 2025 9:43 am

Al Kathiri board approves setting up subsidiary with SAR 1M capital

Al Kathiri Holding Co.’s board of directors, on Dec. 31, 2024, approved the establishment of a new wholly-owned subsidiary, Saraya Al Diyar Investment Co, a limited liability company with a capital of SAR 1 million. In a statement to Tadawul, the company said it is subject to obtaining the...

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Business & Money | Thursday 2 January, 2025 9:41 am

Al Jouf Agricultural signs SAR 160M facilities agreement with BSF

Al Jouf Agricultural Development Co. signed a bank facilities agreement with Banque Saudi Fransi (BSF) at a total value of SAR 160 million. The facilities, which are guaranteed by a promissory note, have a term of one year until Dec. 31, 2025, the company said in a statement to...

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Business & Money | Thursday 2 January, 2025 9:33 am

Riyad Bank plans SAR-denominated additional Tier 1 capital sukuk issuance

Riyad Bank plans to issue SAR-denominated additional Tier 1 capital sukuk through a private placement in Saudi Arabia, under its SAR 10 billion additional tier 1 capital sukuk program. Riyad Capital was hired as the sole lead manager for the potential offer, the bank said in a statement to...

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Business & Money | Thursday 2 January, 2025 9:25 am

Batic wins SAR 96.2M contract for Haramain Railway

Batic Investments and Logistics Co. was awarded today, Jan. 1, a contract valued at SAR 96.19 million, inclusive of VAT, for the Haramain High-Speed Railway’s security guards and patrols project. Batic’s subsidiary, Arab Company for Security and Safety Services (AMNCO), secured the project ...

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