Business & Money | Wednesday 5 February, 2025 10:18 am

Mobily announces landing of Africa-1 submarine cable in Saudi Arabia

Etihad Etisalat (Mobily) announced today, the successful landing of the Africa-1 submarine cable in Duba, Saudi Arabia. In a company statement received by Argaam, Mobily said the advanced submarine cable, distinguished by its high capacity of 96 terabits per second and exceptional speed...

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Business & Money | Wednesday 5 February, 2025 10:13 am

Saudi Parts Center signs SAR 2.3M contract with Almarai

Saudi Parts Center Co. (SPC) announced a contract with Almarai Co. to allocate and reserve truck spare parts. The total contract value is SAR 2.57 million, covering the period from Feb. 1, 2025, to Jan. 31, 2026. According to a Tadawul statement, the contract involves inventory management for...

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Business & Money | Wednesday 5 February, 2025 10:10 am

Al Ashghal Al Moysra pens SAR 17.7M contract with National Risk Council

Al Ashghal Al Moysra Co. signed a SAR 17.7 million contract with the General Secretariat of the National Risk Council to provide maintenance, operation and cleaning services for the headquarters of the General Secretariat and its affiliated centers. In a statement to Tadawul, the company said...

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Business & Money | Wednesday 5 February, 2025 10:07 am

Balady announces strategic plan with SAR 1.1B investments

Balady Poultry Trading Co. announced its strategic expansion plan for 2025-2029, which includes investments worth SAR 1.14 billion in the poultry segment, according to a Tadawul statement. The plan aims to establish a slaughterhouse and a factory for the production of poultry meat, with a...

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Business & Money | Wednesday 5 February, 2025 10:01 am

SEDCO Capital, Sumou Investment sign agreement to set up 5 real estate funds worth over SAR 8B

SEDCO Capital, a leading global asset management and Shariah-compliant investment solutions provider, announced signing an agreement with Sumou Investment to establish five private real estate investment funds, with a total value exceeding SAR 8 billion.According to a company statement, the funds'...

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Business & Money | Wednesday 5 February, 2025 9:52 am

Wednesday, February 5, 2025 Home Business Sports Culture Sci/Tech Miscellaneous My views English Latest News GCC Middle East World Tolerance SCC's committee explores economic growth strategies

The Financial, Economic, and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) convened a meeting with Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry, to explore avenues for enhancing the emirate’s economic sector and strengthening its...

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Business & Money | Wednesday 5 February, 2025 9:49 am

AD Ports Group signs 50-year land lease agreement with Al Ain Mills for grains storage facility

AD Ports Grouphas signed a 50-year land lease agreement with Al Ain Mills, a member of Al Hazaa Investment Group. This strategic partnership will see the development of a state-of-the-art grain storage and processing facility at Khalifa Port at South Quay, further enhancing the port's capabilities...

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Business & Money | Wednesday 5 February, 2025 9:45 am

MoEI partners with Shiba Inu to advance digital transformation

The Ministry of Energy and Infrastructure (MoEI) has partnered with Shiba Inu to advance next-generation, Web3 solutions in energy, infrastructure, and beyond—further solidifying its reputation as a global leader in digital transformation.Marking a new era in Web3, this partnership leverages...

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Business & Money | Wednesday 5 February, 2025 9:41 am

United Arab Bank delivers 30% growth in 2024 net profit

United Arab Bank P.J.S.C (UAB) posted a net profit (before tax( of AED331 million for the year 2024, compared to AED 255 million in 2023 representing an increase of 30%. The growth in net profit stems from the improved operating performance and strong recoveries leading to lower net impairment...

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Business & Money | Wednesday 5 February, 2025 9:36 am

UPDATE: Financial transparency, efficient business environment fundamental pillars of UAE national economy: Minister of State for Financial Affairs

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has participated in the Forum of UAE Ambassadors and Representatives of Missions Abroad, an annual event organised by the Ministry of Foreign Affairs. During the event, Al Hussaini highlighted the Ministry of Finance’s...

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