Business & Money | Wednesday 28 August, 2024 11:34 am

DP World secures validation from SBTi for reducing carbon footprint

DP World announced that it has secured validation from the Science Based Targets initiative (SBTi) for its ambitious commitment to reduce its carbon footprint. The SBTi is a world leading authority in advancing private sector progress to reduce GHG emissions, helping prevent the impacts of...

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Business & Money | Wednesday 28 August, 2024 11:24 am

ADNOC deploys AI-enabled process optimisation technology

ADNOC announced today the deployment of an industry-leading artificial intelligence (AI)-enabled process optimisation technology. Neuron 5, developed by ADNOC, has been initially deployed at ADNOC Onshore’s Northeast Bab (NEB) field and ADNOC Gas’s Taweelah gas compression plant, across...

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Business & Money | Wednesday 28 August, 2024 11:21 am

Al Ghurair Foods breaks ground on Corn Starch Manufacturing Plant at KEZAD

Al Ghurair Foods today marked the groundbreaking of its new state-of-the-art Corn Starch Manufacturing Plant at Khalifa Economic Zones Abu Dhabi (KEZAD). This facility, a first of its kind in the region, represents a significant stride in enhancing local food production capacity and contributing to ...

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Business & Money | Wednesday 28 August, 2024 11:13 am

President of Turkmenistan receives Chairman of Dragon Oil

Serdar Berdimuhamedov, President of the Republic of Turkmenistan, received yesterday Saeed Mohammed Al Tayer, Chairman of the Board of Dragon Oil, fully owned by the Government of Dubai, at the Presidential Palace in Ashgabat. The Turkmen President welcomed Al Tayer to Turkmenistan, and...

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Business & Money | Wednesday 28 August, 2024 10:55 am

PIF signs $15B revolving credit facility

The Public Investment Fund (PIF) obtained a $15 billion revolving credit facility for general corporate purposes. This replaces the previous $15 billion (SAR 56.25 billion) revolving credit facility agreed in 2021. In an emailed statement to Argaam the Kingdom’s sovereign wealth fund said...

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Business & Money | Wednesday 28 August, 2024 10:33 am

Almarai Fourth-Most Valuable Dairy Brand Globally In 2024

For the second year in a row, Almarai has been recognized as the fourth most valuable dairy company globally for 2024 by Brand Finance, the industry leader in brand valuation. This ranking followed a 16% yearly increase in the value of the Almarai brand, which reached $3.9 billion, as per Brand...

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Business & Money | Wednesday 28 August, 2024 10:30 am

Mastercard and Saudia Partner to Empower Women Entrepreneurs in Saudi Arabia with ‘Her Voice’

 Mastercard has partnered with Saudia, the national flag carrier of the Kingdom of Saudi Arabia, to launch the third season of the award-winning podcast series, ‘Her Voice’.  Demonstrating Mastercard and Saudia’s shared commitment to advancing female entrepreneurship and their...

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Business & Money | Wednesday 28 August, 2024 10:22 am

Qiddiya and Geekay to revolutionize gaming and esports with unique phygital experience

Qiddiya City, a global destination for entertainment, sports, and culture, has signed a partnership with Geekay Group, a leading force in the Middle East's gaming and entertainment industry, to empower Qiddiya’s goal of establishing the world’s premier gaming and esports destination.The...

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Business & Money | Wednesday 28 August, 2024 10:16 am

THE RED SEA FILM FOUNDATION ACTIVATES ACROSS VENICE FILM FESTIVAL

The Red Sea Film Foundation (Red Sea FF) has a raft of activity at this year’s Venice Film Festival, with six Red Sea Fund-supported films selected to screen - Aïcha and Seeking Haven for Mr Rambo in Orrizonti and Orrizonte Extra respectively alongside two titles in the Venice Production...

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Business & Money | Wednesday 28 August, 2024 9:56 am

The Avenues – Riyadh: A New Commercial Destination and Touristic Landmark in the Kingdom

As Saudi Arabia becomes the fastest-growing tourism destination in the GCC region, work forges ahead on the SAR 17.2 billion (USD 4.586 billion) The Avenues – Riyadh, which is expected to open in the first quarter of 2026. Having broken ground during the first quarter of 2022, the project has...

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