Business & Money | Saturday 22 February, 2025 10:29 am

PIF does not target annual, quarterly profit; satisfied with ret

Abdulmajeed Alhagbani, Head of Securities Investments, MENA Investments Division, at the Public Investment Fund (PIF), said the Saudi market has a unique advantage, especially for Asian investors.   Assets are priced in riyal, which is pegged to the US dollar, which provides relative ...

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Business & Money | Saturday 22 February, 2025 6:11 am

Saudi Real Estate Refinance Company (SRC) Completes Pricing of its First USD 2 Billion International Sukuk Offering

 The Saudi Real Estate Refinance Company (SRC), a PIF Company, has successfully completed the pricing of its first government-guaranteed international Sukuk, valued at USD 2 billion. The issuance, structured in two tranches with maturities of three and ten years, was oversubscribed 6 times,...

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Business & Money | Friday 21 February, 2025 12:57 am

CONNECT-PS and Al-Haddad Group Forge Strategic Joint Venture in Saudi Arabia

CONNECT-PS, a leading provider of Information Technology solutions and services, announced a groundbreaking joint venture with Al-Haddad Group in Saudi Arabia. This strategic alliance marks a significant milestone in CONNECT-PS’s ambitious growth trajectory and supports its expansion plans in the ...

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Business & Money | Friday 21 February, 2025 12:53 am

DIFC unveils flagship Future of Finance report series, publishes first report on the Global Finance and Investment Outlook

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, in collaboration with its research partner Asia House, reveals the key drivers behind the deep and broad transformation of the global financial services...

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Business & Money | Friday 21 February, 2025 12:41 am

RAKEZ enters strategic partnership with Praxis and Equevu to enhance workplace savings for its business community

Ras Al Khaimah Economic Zone (RAKEZ) has entered into a partnership Praxis, a leader in pension solutions and employer services, and Equevu, a key technology provider specialising in system integrations and secure data management. The collaboration will introduce the Middle East Workplace Savings...

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Business & Money | Friday 21 February, 2025 12:34 am

Alinma Bank launches new platform powered by IBM Hybrid Cloud & AI technology to fuel innovation for Digital Banking

IBM and Alinma Bank announce that Alinma Bank, a leading financial institution in Saudi Arabia, has adopted IBM's advanced hybrid cloud and AI integration technologies. This move aims to enhance Alinma Bank's IT infrastructure and launch a pioneering Application Programming Interface (API)...

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Business & Money | Friday 21 February, 2025 12:32 am

Azizi Developments announces sales launch for Burj Azizi, the world’s second-tallest tower at 725m

Azizi Developments, a leading private developer in the UAE, will officially launch the sales of Burj Azizi, the world’s second-tallest tower, standing at an impressive 725 meters tall on a prime plot of land on Dubai’s Sheikh Zayed Road. The grand launch event will be held at the Coca Cola ...

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Business & Money | Friday 21 February, 2025 12:25 am

UAE’s Premier Marine Delivers First Locally Built Cargo Barge to ADNOC Logistics & Services

In a significant milestone for the UAE’s shipbuilding industry, Premier Marine Engineering Services has successfully delivered its first locally built cargo barge to ADNOC Logistics and Services (ADNOC L&S), a global energy maritime logistics company. The barge, ADNOC B20, marks the...

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Business & Money | Friday 21 February, 2025 12:23 am

REEF Luxury Developments Breaks Ground on REEF 1000 Residence Planting the Future of Luxury Living in Dubai

REEF Luxury Developments has officially held the groundbreaking ceremony for REEF 1000 in the heart of Dubai Land Residential Complex (DLRC), This milestone marks the beginning of a groundbreaking development, featuring the world’s first-of-its-kind Sunken Balcony with outdoor...

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Tourism & Hospitality | Friday 21 February, 2025 12:14 am

Regional hospitality growth under the spotlight at Arabian Travel Market 2025

The hospitality sector in the GCC is experiencing a strong resurgence, with new data compiled by STR on behalf of Arabian Travel Market (ATM) revealing significant growth across the region in 2024.  According to the report, aggregated Revenue per Available Room (RevPAR) across Bahrain,...

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