05 Rabi' I 1447 - 28 August 2025
    
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Eye of Dubai

Dubai Insurance Company assigned “A” Rating for Insurance Financial Strength with Stable Outlook by Fitch Ratings, London
Business & Money | Tuesday 26 December, 2023 10:54 am
For the first time in over five decades of operations, Dubai Insurance Company P.S.C. (DIN) has received an IFS “A” Rating with a Stable Outlook from London’s globally-renowned ratings agency Fitch Ratings (Fitch), a leader in financial information services and award-winning provider of...
Saudi Real Estate Market sees 136,000 transactions since launch
Business & Money | Tuesday 26 December, 2023 10:50 am
Saudi Real Estate Market (SREM) has registered more than 136,000 transactions since its launch in September, state-owned Saudi News Agency reported, citing data compiled by the Ministry of Justice showed.   Riyadh dominated the lion’s share of transactions, while the five largest...
Fujairah Research Centre unveils ‘The Emirati Researchers’: New initiative
Culture & Education | Tuesday 26 December, 2023 10:39 am
Fujairah Research Centre today unveiled ‘The Emirati Researchers’, a brand-new initiative dedicated to promoting, supporting, and funding vital scientific analysis and exploration projects in the UAE.    In line with the organization’s enduring vision to invest in future...
Anwar Gargash Diplomatic Academy confirmed as UAE’s Education Partner in hosting MC13 in Abu Dhabi
Business & Money | Tuesday 26 December, 2023 9:27 am
The Ministry of Economy and the Abu Dhabi Department of Economic Development (ADDED), have announced Anwar Gargash Diplomatic Academy (AGDA) as their official Education partner in hosting the World Trade Organisation’s 13th Ministerial Conference (MC13), the principle decision-making body...
Aramco Digital, Intel to set up Saudi's first open RAN center
Technology & IT | Tuesday 26 December, 2023 9:17 am
Aramco Digital Co. and Intel unveiled plans to establish the Kingdom’s first open wireless access network (RNA) development center.   The step aims to drive innovation, promote technological advancement, and contribute to Saudi Arabia’s digital transformation landscape, according ...
TDRA signs MoU with PCFC's Dubai Maritime Authority
Business & Money | Tuesday 26 December, 2023 9:02 am
The Telecommunications and Digital Government Regulatory Authority (TDRA) has signed a Memorandum of Understanding (MoU) with the Dubai Maritime Authority of Dubai Ports, Customs and Free Zone Corporation (PCFC). This partnership marks a significant stride in improving the regulatory framework ...
Ministry of Industry to launch 35 renewable energy projects in 2024: Minister
Business & Money | Tuesday 26 December, 2023 9:01 am
Saudi Ministry of Industry and Mineral Resources is set to launch nearly 35 renewable energy projects in 2024, Asharq News reported, citing Minister Bandar AlKhorayef. The coming year will witness the execution of a big number of projects as well as investments, AlKhorayef added on the...
Transport Minister Al-Jasser hails 2023 as “exceptional year”
Government | Tuesday 26 December, 2023 8:51 am
Minister of Transport and Logistics Services Saleh Al-Jasser described 2023 as an “exceptional year," saying that this makes Saudi Arabia look to the future with great confidence.   During his speech at the annual National Industrial Development and Logistics Program (NIDLP) event, ...
GIB launches inaugural SAR 1.5B Tier 2 sukuk issuance
Business & Money | Tuesday 26 December, 2023 8:44 am
Gulf International Bank (GIB) - Saudi Arabia successfully issued its first Tier 2 sukuk, raising SAR 1.5 billion. This is part of a SAR 3 billion issuance program with a 10-year maturity and a five-year redemption period.   The bank's sukuk program supports its...
Alkhorayef Water secures SAR 450M credit facilities from Riyad Bank
Business & Money | Tuesday 26 December, 2023 8:42 am
Alkhorayef Water and Power Technologies Co. (AWPT) signed a Shariah-compliant credit facility agreement worth SAR 450 million with Riyad Bank.   The loan was secured today, Dec. 25, the company said in a Tadawul statement, adding that the agreement is valid until Dec....
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