Business & Money | Monday 17 February, 2025 11:09 am

Abu Dhabi welcomes warships from across the world for NAVDEX 2025

Abu Dhabi has welcomed warships from around the world at the ADNEC Marina in preparation for the eighth edition of the Naval Defence and Maritime Security Exhibition (NAVDEX) 2025, taking place from 17 to 21 February 2025. Held alongside the International Defence Exhibition (IDEX), NAVDEX 2025 ...

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Business & Money | Monday 17 February, 2025 11:06 am

UAE marks Professional Day of Nuclear and Radiation Sector Workers

The UAE today observed the Professional Day of the Nuclear and Radiation Sector Workers, which was approved by the UAE Cabinet in January 2023 to mark the anniversary of the 16th of February 2020, when the Federal Authority for Nuclear Regulation (FANR) issued the licence to operate unit 1 of the...

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Business & Money | Monday 17 February, 2025 11:04 am

AOI in negotiations with Emirati investors to establish three new factories

Major General Engineer Mukhtar Abdel Latif, Chairman of the Arab Organisation for Industrialisation (AOI), revealed that the organisation is currently in negotiations with Emirati investors to establish three new factories specialising in both defense and civilian industries. In a statement to ...

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Business & Money | Monday 17 February, 2025 11:00 am

UAE participates in Alula Conference for Emerging Market Economies

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, participated in the AlUla Conference for Emerging Market Economies, held on February 16-17 in Al Ula, Saudi Arabia. Organised by the Saudi Ministry of Finance and the Regional Office of the International Monetary Fund (IMF) ...

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Business & Money | Monday 17 February, 2025 10:57 am

2P raises, renews SAR 135M credit facility deal with GIB

Perfect Presentation for Commercial Services Co. (2P) increased and renewed a Shariah-compliant credit facility deal worth SAR 135 million with Gulf International Bank (GIB), according to a Tadawul statement today, Feb. 16. The financing, raised on Feb. 15, is secured by promissory notes to...

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Business & Money | Monday 17 February, 2025 10:54 am

Ladun signs SAR 216M credit facility deal with BSF

Ladun Investment Co. signed today, Feb. 16, a Shariah-compliant, mixed-use credit facility agreement valued at SAR 216 million with Banque Saudi Fransi (BSF), the company said in a statement to Tadawul. The five-year facility aims to provide guarantees for a construction contract...

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Business & Money | Monday 17 February, 2025 10:51 am

Dar Al Arkan awarded SAR 4.46B real estate deal in Jeddah

Dar Al Arkan Real Estate Development Co. was awarded on Feb. 16 a real estate deal worth SAR 4.46 billion, including tax and commission, in Jeddah. The developer won the bid through a consortium between Dar Al Arkan, Kenzi Al Arabiya Co. and a group of investors, according to a statement to...

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Business & Money | Monday 17 February, 2025 10:46 am

Keir wins SAR 119.7M project with SEC

Keir International Co. received, on Feb. 16, an award letter from Saudi Electricity Co. (SEC) for a project to replace oil-filled underground cable circuits. According to a statement on Tadawul, the total contract value is SAR 119.73 million, inclusive of a 15% value-added...

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Business & Money | Sunday 16 February, 2025 3:35 pm

Big 5 Construct Saudi kicks off with two-week format, showcasing innovation, sustainability and industry leadership

Big 5 Construct Saudi marks its grand opening today, returning for its 13th edition in a new and expanded format for two-weeks, with the first week running from 15-18 February at the Riyadh Front Exhibition & Conference Center at Roshn Front. With anticipation at its peak, the event is the...

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Business & Money | Sunday 16 February, 2025 11:31 am

Web3 Alliance of Saudi Arabia Launches to Accelerate Blockchain Innovation in the Kingdom

Today marks the official launch of the Web3 Alliance of Saudi Arabia (WASA), a groundbreaking initiative uniting key leaders in blockchain technology and digital innovation to drive the adoption of Web3 technologies in alignment with Saudi Arabia’s Vision 2030, fostering economic diversification...

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