Business & Money | Wednesday 23 April, 2025 11:40 am

UAE hosts Regional Workshop for Directors of Maritime Administrations

The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), in collaboration with the International Maritime Organisation (IMO), hosted the Regional Workshop for the Directors of Maritime Administrations. The workshop is part of the preparations for the audit programme of IMO...

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Business & Money | Wednesday 23 April, 2025 11:39 am

TAQA Distribution, ADGM offer digital billing solutions for residents of Al Maryah, Al Reem Islands

TAQA Distribution, a subsidiary of Abu Dhabi National Energy Company (TAQA), has signed a strategic agreement with ADGM, the leading International financial Centre in the region, to enhance utility management services for residential tenants within its jurisdiction on Al Maryah and Al Reem...

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Business & Money | Wednesday 23 April, 2025 11:36 am

Agthia Group shareholders approve 19% increase in full-year dividends

Agthia Group has announced that shareholders approved the Group’s financial results for the year ending 31st December 2024, and all other recommendations by the Board of Directors, including the recommendation to distribute a cash dividend of 21.03 fils per share for the full year 2024, totalling ...

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Business & Money | Wednesday 23 April, 2025 11:31 am

Saudi Arabia, India expand partnership council to 4 ministerial committees

Saudi Arabia and India welcomed the expansion of the Saudi-Indian Strategic Partnership Council to include four ministerial committees, reflecting the deepening strategic ties between the two nations. This expansion introduces a committee for defense cooperation and another for tourism and...

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Business & Money | Wednesday 23 April, 2025 11:29 am

Purity signs SAR 3.3M contract with Taqeem

Purity Tech Co. signed on April 22 a VAT-inclusive contract with Saudi Authority of Accredited Valuers (Taqeem) for SAR 3.31 million. The 12-month contract will support Taqeem in the ongoing development and operation of its electronic portal, Purity said in a statement to Tadawul. The...

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Business & Money | Wednesday 23 April, 2025 11:16 am

40 short-listed maritime leaders revealed

The first stage of judging for this year’s Seatrade Maritime News 20Under40 has now been completed, with forty short-listed candidates revealed today. The ultimate aim is to recognize 20 exceptional individuals under the age of 40 who have made significant contributions to global maritime,...

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Business & Money | Wednesday 23 April, 2025 10:23 am

MIS inks SAR 59.9M contract with Health Ministry

Al Moammar Information Systems Co. (MIS) signed a contract worth SAR 59.94 million, VAT inclusive, with the Ministry of Health (General Bureau) for the operation and maintenance of the digital infrastructure of 23 hospitals in the eastern and northern regions. The project is for the operation...

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Business & Money | Wednesday 23 April, 2025 10:16 am

Elm completes acquisition of PIF stake in Thiqah

Elm Co. completed the acquisition of the Public Investment Fund’s (PIF) entire stake in Thiqah Business Services Co., after fulfilling the conditions set out in the share sale and purchase agreement (SPA). In a statement to Tadawul, Elm said that all regulatory procedures related to the...

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Business & Money | Wednesday 23 April, 2025 10:00 am

NWC completes installing main water lines in Diriyah at SR +140m

The National Water Company (NWC) has completed the implementation of two major water supply projects in Al Diriyah Governorate in Riyadh, with a total cost of more than 140 million Saudi Riyals and a total length exceeding 26 kilometers. This is part of the company's continuous efforts to...

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Business & Money | Wednesday 23 April, 2025 9:36 am

ACWA Power secures SAR 750M loan from Alinma Bank for new headquarters

ACWA Power Co. secured a SAR 750 million loan from Alinma Bank to finance the construction of its new headquarters in Riyadh. According to a company statement, the term of the Shariah-compliant financing facility extends over a period of seven years. The new headquarters will be...

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