Business & Money | Tuesday 15 August, 2023 1:48 pm

Justice Ministry: Saudi Arabia sees 48,300 mortgaged properties in 1444H

Saudi Ministry of Justice indicated that the number of the mortgaged properties reached nearly 48,320, or 140 new additions per day, during the last Hijri year, El Eqtisadiah newspaper reported.   Riyadh Justice Department accounted for the largest share of the mortgaged properties...

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Healthcare | Tuesday 15 August, 2023 1:15 pm

Inaugural Abu Dhabi Global Healthcare Week to take place in May 2024

The inaugural Abu Dhabi Global Healthcare Week will take place from 13-15 May 2024, at Abu Dhabi National Exhibition Centre (ADNEC). To be held under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, the...

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Business & Money | Tuesday 15 August, 2023 12:06 pm

Emirates Islamic wins award for ‘Best Islamic Real Estate Deal’ at the Euromoney Islamic Finance Awards 2023

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it has received the ‘Best Islamic Real Estate Deal’ award at the prestigious Euromoney Islamic Finance Awards 2023 for leading the Abdulwahed Ahmad Rashed Bin Shabib financing deal. The...

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Government | Tuesday 15 August, 2023 12:03 pm

Dubai International Chamber helps drive UAE-based sustainable electric vehicle startup ONE MOTO’s expansion into Latin America

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has played a key role in driving the growth of another international business success story. The chambers’ representative offices in Latin America (LATAM) have helped propel ONE MOTO – a Dubai-based company...

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Business & Money | Tuesday 15 August, 2023 12:00 pm

AD Ports Group delivers 66% revenue growth in Q2'23

AD Ports Group today announced its financial results for the second quarter of 2023 (Q2'23), reporting revenue growth of 66 percent year-on-year (YoY) to AED 2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both...

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Business & Money | Tuesday 15 August, 2023 11:58 am

National banks’ financing for business, industrial sectors totalled AED28.4 billion over 5 months

According to the latest statistics from the Central Bank of the UAE, the country’s national banks increased their credit facilities for the business and industrial sectors by around AED28.4 billion in the first five months of this year. The statistics also showed that the two sectors...

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Business & Money | Tuesday 15 August, 2023 11:23 am

ROSHN seeks to increase its 100 mln sqm land bank: Exec

ROSHN Group, a Public Investment Fund (PIF) giga-project, plans to increase its current land bank of 100 million square meters, CNBC Arabia reported, citing Oussama Kabbani, Group Chief Development Officer (GCDO).   The plan aligns with the target set by the company’s board of...

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Business & Money | Tuesday 15 August, 2023 10:15 am

CMA rejects Arab Sea’s capital hike request

The Capital Market Authority (CMA) rejected Arab Sea Information Systems Co.’s application to increase its capital for purchasing a real estate asset. The company submitted the application to increase capital from SAR 100 million to SAR 104.38 million, through the issuance of 437,500...

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Business & Money | Tuesday 15 August, 2023 10:10 am

Riyadh Cables gets SAR 600 mln credit facility from Saudi EXIM Bank

Riyadh Cables Group Co. (RCG) signed, on Aug. 14, a Shariah-compliant credit facility agreement worth SAR 600 million with Saudi Export-Import Bank (Saudi EXIM), to finance the company’s working capital needs of export and pre-export activities. In a statement to Tadawul, Riyadh Cables...

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Business & Money | Tuesday 15 August, 2023 10:00 am

Intigral appoints Khulud Abu Homos as Vice President of Content

Intigral, the media and entertainment arm of stc Group, the region’s engine of digital transformation, is pleased to announce the appointment of Khulud Abu Homos as Vice President of Content. The strategic decision is a testament to the company's ongoing commitment to elevating its content...

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