Business & Money | Saturday 20 April, 2024 5:02 am

Spain invests $3B in Saudi Arabia, new agreement to be sealed in May: Al-Hogail

Investments between Saudi Arabia and Spain are experiencing significant momentum. The value of Spanish investment in the Kingdom has exceeded $3 billion over the past decade, with 40% of it relating to the real estate sector, Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail, said in ...

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Business & Money | Saturday 20 April, 2024 4:57 am

Effective fiscal policies key for enhancing resilience amid global challenges: Al-Jadaan

Minister of Finance, Mohammed Al-Jadaan, said that implementing effective fiscal policies is crucial to enhance resilience and sustainability amid the challenges facing the global economy.   Saudi Arabia reaffirms its continuous support for the financial programs provided by the...

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Business & Money | Saturday 20 April, 2024 4:55 am

Continued reforms in Saudi Arabia have a positive impact on growth, job creation: IMF

Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), stated that continued reforms and investments in Saudi Arabia have a positive impact on growth, economic activity, and job creation.   In an interview with Al Arabiya at the ...

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Business & Money | Saturday 20 April, 2024 12:26 am

View United appoints Al-Nefaie Investment as market maker

View United Real Estate Development Co.’s board of directors decided, on April 17, to appoint Al-Nefaie Investment Group as the market maker for its shares, according to a statement to Tadawul. The decision, subject to approval from the relevant authorities, aims to support...

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Business & Money | Friday 19 April, 2024 11:03 am

Aldar partners with Siemens to make Saadiyat Grove Abu Dhabi's leading smart project

Aldar Properties (Aldar) has announced a partnership with Siemens to make Saadiyat Grove, an integrated mixed-use project under development in the cultural heart of Abu Dhabi, a leading global example of smart urban living. The agreement was signed today at the World Future Energy Summit (WFES) in...

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Business & Money | Friday 19 April, 2024 9:57 am

Azizi Developments’ fourth phase of Riviera marks 73% completion

Azizi Developments, a leading private real estate developer in the UAE, has announced the accelerated construction of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community strategically located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most...

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Business & Money | Friday 19 April, 2024 9:40 am

SNB Capital expects Saudi banking sector to grow 9% from 2023

The Saudi banking sector is expected to achieve a year-on-year (YoY) growth rate of 8-9%, during the first quarter of 2024, buoyed by increased lending activity, enhanced profit margins, and steady deposit costs, Iyad Ghulam, Head of Equity Research at SNB Capital, told Argaam. In his...

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Business & Money | Friday 19 April, 2024 9:17 am

Alkhorayef Water awarded SAR 1.72B contract by NWC

Alkhorayef Water and Power Technologies Co. (AWPT) won on April 17 a long-term operation and maintenance contract from National Water Co. (NWC) for sewage treatment plants (Package 7) in Al-Ahsa city. The contract is valued at SAR 1.72 billion, exclusive of VAT, according to a filing to...

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Business & Money | Friday 19 April, 2024 7:30 am

Sure inks SAR 94.2M contract to build, develop, operate e-platform

Sure Global Tech Co. signed, on April 17, a project contract with a legal entity to build, develop and operate an electronic platform at a total value of SAR 94.17 million, including value-added tax (VAT). The contract has a term of three years, the company said in a statement to Tadawul,...

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Business & Money | Thursday 18 April, 2024 10:49 am

Emirates Islamic concludes debut USD 500 million financing facility

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the successful conclusion of its debut USD 500 million syndicated Financing Facility. The landmark three-year term financing facility is the first of its kind raised by a Shariah-compliant financial...

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