Culture & Education | Monday 25 December, 2023 12:18 pm

Ajman Department of Finance Equips Government Financial Cadres with Expertise in Real Estate Investment Management

The Ajman Department of Finance (DoF) successfully concluded its comprehensive 2023 training course plan with the specialised programme ‘Real Estate Investments and Accounting,’which targeted financial professionals in the emirate’s government sector. The course was designed to provide...

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Tourism & Hospitality | Monday 25 December, 2023 11:29 am

SUN SIYAM RESORTS PRESENTS ITS FIVE-STAR LINE-UP OF CHRISTMAS CLASSICS WITH A TROPICAL TWIST

Sun Siyam Resorts has unwrapped this year’s festive season programme, creating an ideal haven for those seeking to revel in the warmth and joy of the holidays. Across their five exquisite private island properties in the Maldives and their boutique retreat in Sri Lanka, guests are invited to ...

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Business & Money | Monday 25 December, 2023 10:17 am

Global outstanding sukuk market surged to $823 billion by Q3-23: Fitch’s Global Head of Islamic Finance

Bashar Al-Natoor, the Global Head of Islamic Finance - Managing Director, Fitch Ratings, has projected a sustained uptrend in global sukuk issuance, with the market soaring to US$823.4 billion at the end of Q3-23, reflecting a robust 9.8% annual growth. Speaking to the Emirates News Agency...

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Government | Monday 25 December, 2023 10:12 am

FTA issues guide outlining criteria to determine natural persons subject to corporate tax

The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural persons subject to the Corporate Tax Law, that came into effect on 1st June 2023. The guide provides a comprehensive and simplified explanation and instructions for natural persons realising...

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Business & Money | Monday 25 December, 2023 10:09 am

SADAFCO launches new warehouse in Makkah

Saudia Dairy and Foodstuff Co. (SADAFCO) finished the construction of a new warehouse in the industrial city of Makkah and commenced actual operations. The buildings and cold stores are completely ready, the safety, protection, and environmental systems have been installed...

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Technology & IT | Monday 25 December, 2023 9:46 am

Saudi Arabia ranks 2nd among G20 in ITU’s ICT Development Index 2023

The International Telecommunication Union (ITU) announced that the Kingdom achieved second place among the G20 countries in the ITU’s ICT Development Index (IDI) 2023, advancing 10 places ahead of the G20 countries in the index. The IDI reflects Saudi Arabia’s strong ICT infrastructure and ...

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Environment & Energy | Monday 25 December, 2023 9:07 am

ADDED and Siemens Energy to advance sustainable industrial development

In a significant step towards advancing sustainability goals, the Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy, a global leader in energy technology, have joined hands to further decarbonise Abu Dhabi’s booming...

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Business & Money | Monday 25 December, 2023 1:12 am

Social Development Bank grants SAR 11B financing by end of 2023

The Social Development Bank (SDB) provided SAR 11 billion in financing by the end of 2023, meeting its economic and social financing goals for the year while expanding its non-financial services, the Saudi Press Agency (SPA) reported.   The bank stated that more than 8,600 small...

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Business & Money | Monday 25 December, 2023 1:11 am

MIS inks SAR 24.9M project contract with NCGR

Al Moammar Information Systems (MIS) signed a data backup and storage contract with the National Center of Government Resources (NCGR) worth SAR 24.87 million (VAT inclusive), according to a statement by the company to Tadawul today, Dec. 24.  The one-year...

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Business & Money | Monday 25 December, 2023 1:08 am

MAWANI signs 4 maritime services deals worth over SAR 1B for 8 ports

Saudi Ports Authority signed today, Dec. 24 four deals maritime service contracts, exceeding SAR one billion in private sector investments.   The Authority announced these contracts were signed with Zamil Offshore Services Co. and Naghi Marine Co. for eight ports, in collaboration...

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