Business & Money | Saturday 2 September, 2023 1:58 am

SABIC-Sinopec JV begins commercial operations in China

Saudi Basic Industries Corp. (SABIC) and China Petroleum & Chemical Corporation (Sinopec) announced starting commercial operations at their equally-owned joint venture (JV), Sinopec SABIC Tianjin Petrochemical Co. (SSTPC), to produce polycarbonate in China. The complex has an annual...

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Business & Money | Saturday 2 September, 2023 1:55 am

Ministry of Industry issues 102 new licenses worth SAR 1.2 bln in July

The Ministry of Industry and Mineral Resources issued 102 new industrial licenses in July, at a total investment value of SAR 1.2 billion.   The new licenses covered five industrial activities, the majority of which (or 21 licenses) were in the food production field, followed by the...

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Business & Money | Saturday 2 September, 2023 1:13 am

DIFC announces proposed amendments to select legislation

Dubai International Financial Centre (DIFC) has proposed the enactment of amendments to the Employment Law, Trust Law, Foundations Law and Operating Law. The proposed legislative changes seek to ensure DIFC Laws remain in line with international best practice and OECD requirements. In addition,...

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Business & Money | Friday 1 September, 2023 4:47 am

REDF, Al Rajhi Bank sign agreement to finance Sakani program

The Real Estate Development Fund (REDF) and Al Rajhi Bank signed an agreement to finance the updated housing support program packages.   This agreement comes within the framework of continuous efforts to improve the ability of beneficiaries of Sakani program to afford housing costs,...

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Business & Money | Friday 1 September, 2023 4:42 am

NHC launches easy payment plans for nationals with SAR 7,000 salary

National Housing Co. (NHC) launched easy payment plans for beneficiaries, as part of its efforts to boost home ownership in the Kingdom to 70% by 2030.   The plan aims to raise the ownership rate among Sakani beneficiaries, whose net salaries do not exceed SAR 7,000 by offering...

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Business & Money | Thursday 31 August, 2023 2:49 pm

"Jazeera Paints" Collects the Best Colors for Dining Rooms

“Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions, selects a distinctive collection of harmonious colors perfect for your unique dining room, upon the recommendation of colors and decorations experts and designers. Cold Coffee...

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Business & Money | Thursday 31 August, 2023 11:44 am

Dubai Municipality launches online portal to provide easy access to land, property data

Dubai Municipality has launched a new online portal that provides property owners easy access to their land and property data, including construction licences and certificates of completion. The new portal is part of the Municipality’s continuous efforts to develop exceptional digital...

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Business & Money | Thursday 31 August, 2023 11:41 am

Gas Safety Committee ensures emirate-wide LPG system safety with three new circulars

The Gas Safety Committee has issued three circulars to ensure compliance with safety and fire prevention requirements as part of its safety inspection initiative for LPG gas systems in buildings across the Emirate of Abu Dhabi.Initiated by the Department of Energy, the Gas Safety Committee...

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Business & Money | Thursday 31 August, 2023 11:37 am

Borouge to distribute interim dividend of $650 million

Borouge Plc hosted a General Assembly meeting, where shareholders voted to approve an interim dividend of $650 million (AED2.38 billion) for the first half of 2023, equivalent to 7.9 fils per share.The interim dividend will be paid to shareholders who have purchased Borouge shares as of 7 September ...

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Business & Money | Thursday 31 August, 2023 11:18 am

Sumou says inspection of transition document ends on Sept. 3

Sumou Real Estate Co. announced that Sept. 3 is the deadline for the inspection of the transfer documents, for its transition to the main market.   In a statement on Tadawul, the company added that trading on company’s shares will be suspended on Sept. 4, for a period not exceeding ...

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