Business & Money | Tuesday 18 July, 2023 12:26 pm

SAMA approves merger of Gulf Union AlAhlia, Al Sagr

Gulf Union AlAhlia Cooperative Insurance Co. and Al Sagr Cooperative Insurance Co. announced obtaining the Saudi Central Bank’s (SAMA) approval on July 17 on their prospective merger transaction and other related matters. The merger transaction completion remains subject to...

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Business & Money | Tuesday 18 July, 2023 12:23 pm

KEIR mulls to issue SAR-denominated sukuk worth SAR 30 mln

KEIR International Co. plans to issue Saudi riyals-denominated sukuk through the website of Sukuk Capital that is authorized by the Capital Market Authority (CMA) to offer and invest in debt instruments, the company said in a statement to Tadawul.  The program is valued at SAR...

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Government | Tuesday 18 July, 2023 11:47 am

UAE, Japan sign 23 agreements, MoUs during UAE-Japan Business Forum

The UAE and Japan have inked 23 agreements and memoranda of understanding (MoUs) during the UAE-Japan Business Forum, which was held today. The agreements aim to bolster economic, trade and investment ties between the two countries in the fields of energy, industry, advanced technology, artificial...

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Business & Money | Tuesday 18 July, 2023 11:44 am

AED13.4 billion value of real estate transactions in Sharjah in H1 2023

The real estate sector in Sharjah achieved a trading value of AED13.4 billion during the first half of 2023, with an increase of 19.2 percent compared to the same period last year.According to the semi-annual report issued by the Sharjah Real Estate Registration Department on the real estate in the ...

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Business & Money | Tuesday 18 July, 2023 11:23 am

Fitch Ratings, Moody's Investors Service, and S&P Global Upgrade Emaar Properties PJSC's Credit Ratings

Emaar Properties PJSC, Dubai's premier real-estate developer, received credit rating upgrades from Fitch Ratings, Moody's, and S&P Global, reflecting its strong financial performance and improved leverage ratios. Fitch Ratings has upgraded Emaar Properties Long-Term Issuer Default Rating...

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Business & Money | Tuesday 18 July, 2023 11:18 am

FedEx Boosts Convenience with New Paperless Mobile Shipping Solution in the UAE, Bahrain, and Kuwait

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has launched FedEx Ship Manager® Lite (FSML), a new mobile shipping solution, for shippers in the United Arab Emirates (UAE), Bahrain, and Kuwait to prepare their packages with...

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Technology & IT | Tuesday 18 July, 2023 11:15 am

Cisco Shares Five Tips for Improved Cybersecurity during the Summer Season

It's time for summer vacation again, and while many look forward to a well-deserved break, there is an entire industry that is unlikely to take any time off: cybercrime. Digital security risks and malicious attacks increase during summertime due to lower and temporary staffing in the...

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Business & Money | Tuesday 18 July, 2023 11:06 am

PwC Legal continues to strengthen Middle East service offering

In response to the region’s growing need for effective legal and advisory services on the back of a burgeoning economic landscape, PwC Legal in the Middle East, part of the world’s most extensive law firm by geography, with over 4,000 lawyers and legal professionals in over 100 countries, is...

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Business & Money | Tuesday 18 July, 2023 11:03 am

Knowledge Group Opens its Regional Office in Riyadh

Knowledge Group, a regional subsidiary of “Nema Education” and a pioneer in training, development, and strategic consulting, offering comprehensive solutions to organisations and individuals across the Middle East and North Africa, has opened a regional office in Riyadh. The office opening...

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Government | Tuesday 18 July, 2023 10:08 am

Saudi Arabia lures 390 Turkish companies: Al-Falih

Saudi Arabia attracted 390 Turkish companies with capital of nearly SAR 1 billion (nearly $270 million), said Saudi Minister of Investment Khalid Al-Falih.  He told the Saudi-Turkish Business Forum that these companies operate in several sectors, including manufacturing, construction,...

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