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Saudi Arabia’s Al Moammar Information Systems Wins SR86.1 Million SDAIA Data Backup Support Project

Al Moammar Information Systems Co. said it won an SR86.13 million project from the Saudi Data and Artificial Intelligence Authority for the fourth phase of technical support for a data backup and recovery system.
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Cenomi Centers Signs SR104.3 Million Facilities Contract for Westfield Jeddah With Firm Linked to Its Chairman

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Qatar’s Damaan Islamic Insurance Nine-Month Profit Rises 16% to QR91.5 Million as Takaful Contributions Climb 24%

Damaan Islamic Insurance Company, known as Beema, said net profit for the first nine months of 2026 rose 16.05% to QR91.53 million, as recognized takaful contributions increased 24.2% and investment income grew.
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Saudi School Operator NCLE Annual Profit Rises 5.8% to SR170 Million as Enrollment Grows 10%, Board Proposes SR2.5 Dividend

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Saudi Arabia’s Al Moammar Information Systems Wins SR86.1 Million SDAIA Data Backup Support Project

Al Moammar Information Systems Co. said it won an SR86.13 million project from the Saudi Data and Artificial Intelligence Authority for the fourth phase of technical support for a data backup and recovery system.

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Saudi Arabia’s Al Moammar Information Systems Wins SR86.1 Million SDAIA Data Backup Support Project

Al Moammar Information Systems Co. said it won an SR86.13 million project from the Saudi Data and Artificial Intelligence Authority for the fourth phase of technical support for a data backup and recovery system.

Cenomi Centers Signs SR104.3 Million Facilities Contract for Westfield Jeddah With Firm Linked to Its Chairman

Arabian Centres Co., known as Cenomi Centers, signed a three-year integrated facilities management contract for Westfield Jeddah worth an estimated SR104.3 million with a company in which Chairman Fawaz Alhokair has an indirect interest.

Qatar’s Damaan Islamic Insurance Nine-Month Profit Rises 16% to QR91.5 Million as Takaful Contributions Climb 24%

Damaan Islamic Insurance Company, known as Beema, said net profit for the first nine months of 2026 rose 16.05% to QR91.53 million, as recognized takaful contributions increased 24.2% and investment income grew.

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Iraq’s First Blue Ammonia Plant Discussed in Meeting with KBR

The National Investment Commission (NIC) of Iraq held an important meeting with KBR on March 4, 2025, to discuss the development of the country’s...

Kuwait Strengthens Economic Ties with UK and Airbus Leader

Kuwait has recently taken significant steps to improve its economic ties with the United Kingdom and Airbus. These efforts are aimed at boosting trade...

Qatar and Sudan Strengthen Trade and Investment Ties

Qatar and Sudan discussed ways to boost trade and investment. Officials from both countries met to explore business growth and cooperation. Qatar’s Undersecretary of the...

UAE Sends Etihad-SAT Satellite Into Space on SpaceX Rocket

The UAE successfully launched its high-precision satellite, Etihad-SAT, into space on March 15. The satellite lifted off on a SpaceX Falcon 9 rocket. This...

Dubai Launches Affordable Housing to Support All Income Levels

Dubai’s new housing project will offer affordable rental homes for different income groups. The project will include studio to three-bedroom apartments, providing quality homes...

Saudi Arabia’s Rating Rises as Economic Changes Gain Strength

Saudi Arabia’s economic progress led S&P to raise its rating to A+ with a stable outlook. The country’s continued economic changes help it grow...

Hospitality Real Estate Sector in Qatar Sees Significant Boost

Qatar's hospitality real estate sector has experienced significant growth, driven by a surge in tourist arrivals in 2024. According to recent reports, the number...

Oman and Afghanistan Discuss Enhancing Economic Ties

Oman and Afghanistan are exploring new ways to boost their economic cooperation. On March 13, 2025, Qais Mohammed Al Yousef, Oman’s Minister of Commerce,...

UAE Sees Strong Dividend Growth as Global Payouts Hit $1.75 Trillion in 2024

The UAE was among 17 countries setting new dividend records in 2024, as global payouts surged to an all-time high of $1.75 trillion. This...

Saudi Arabia Opens Mining Exploration Applications in Riyadh and Madinah

Saudi Arabia has recently opened the application process for mining exploration permits in the Riyadh and Madinah regions. This initiative covers a significant 24,946...

Saudi Private Sector Fuels $314 Billion Investment Surge

Saudi Arabia’s private sector is driving a massive investment surge, reaching SR1.18 trillion ($314 billion) in 2024. This marks a 5.3 percent increase compared...

e& Transforms into Global Tech Powerhouse, Driving Digital Economy Growth

UAE-based e& has evolved from a regional telecom operator into one of the world’s fastest-growing technology groups, leveraging AI, cloud computing, fintech, and digital...
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