Business & Money | Friday 2 August, 2024 10:22 am

Sports ministry invites bids for building 2 hotels at King Abdullah Sports City

The Ministry of Sports invited bids through the Furas platform for the establishment, operation, and maintenance of two hotels at King Abdullah Sports City, Jeddah.   On its official X account, the ministry said the project spans 15,900 square meters under a 35-year...

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Business & Money | Thursday 1 August, 2024 12:08 pm

UAE Accountability Authority participates in 4th BRICS Supreme Audit Institutions meeting

A delegation from the UAE Accountability Authority (UAEAA), led by its Chairman, Humaid Obaid Abushibs, participated in the 4th Meeting of the Heads of BRICS Supreme Audit Institutions (SAIs) in Russia. The meeting was organised by the Accounts Chamber of the Russian Federation under the theme ...

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Business & Money | Thursday 1 August, 2024 12:05 pm

GCC, Indonesia launches free trade agreement talks

The Gulf Cooperation Council (GCC) and Indonesia initiated negotiations for the Indonesia-GCC Free Trade Agreement (I-GCC FTA) at the Trade Ministry in Riyadh on Wednesday. The event was highlighted by the signing of a joint statement by Indonesian Trade Minister Zulkifli Hasan and GCC...

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Business & Money | Thursday 1 August, 2024 11:57 am

Masdar and TotalEnergies to Develop a Commercial Green Hydrogen to Methanol to SAF project in Abu Dhabi

 Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed an agreement with TotalEnergies to assess the viability of developing a commercial green hydrogen to methanol to SAF (Sustainable Aviation Fuel) project. The focus of the project is to help...

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Business & Money | Thursday 1 August, 2024 10:31 am

SABIC maintains disciplined capex approach, focus on strategy

Saudi Basic Industries Corp. (SABIC) said it maintains a disciplined approach in managing capital expenditures (capex), expecting spending to range between $4 and $5 billion in 2024. The company estimated gross domestic product (GDP) growth in 2024 at 2.7%, focusing on improving its strategic...

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Business & Money | Thursday 1 August, 2024 10:15 am

GAC approves solutions’ JV agreement with JEDCO

Arabian Internet and Communications Services Co. (solutions) announced that the General Authority for Competition (GAC) has issued a non-objection to a joint venture (JV) agreement with Jeddah Development and Urban Regeneration Company (JEDCO) to establish a limited liability company. In a...

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Business & Money | Thursday 1 August, 2024 10:02 am

Makkah Construction appoints Mohammed Al-Nafea as CEO

Makkah Construction and Development Co. announced a decision made by its board of directors during its meeting, held on July 31, to appoint board member Mohammed Al-Nafea as the company’s CEO.   In a statement to Tadawul, the company said the decision was based on the...

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Business & Money | Thursday 1 August, 2024 10:00 am

Saudi plans to host FIFA WC 2034 in 5 major cities

The Fédération Internationale de Football Association (FIFA) has unveiled details of Saudi Arabia’s ambitious bid to host the largest-ever edition of the FIFA World Cup held in a single country. This announcement follows Saudi Arabia’s official bid book submission for the FIFA World Cup 2034...

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Business & Money | Thursday 1 August, 2024 9:47 am

Theeb adds over 1300 vehicles to fleet through Al Wallan deal

Theeb Rent a Car Co. signed an agreement with Al Wallan Trading Co., the exclusive dealer of Hyundai vehicles in Saudi Arabia, under which it will add more than 1,300 vehicles to its fleet. Under this agreement, Theeb will be the first car rental company in the Kingdom to receive the latest...

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Business & Money | Thursday 1 August, 2024 9:35 am

Saudi Aramco kicks off construction of new stadium in Al Khobar

Saudi Aramco announced today, July 31, the start of construction of "Aramco Stadium", with an accomodating capacity of about 47,000 seats. The new stadium will be built in Al Khobar and is poised for completion by 2026. It will be the main stadium for Al Qadisiyah Football Club, owned by...

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