Business & Money | Monday 19 August, 2024 9:22 am

RAKEZ rolls out Workers Protection Insurance Programme in collaboration with RAKINSURANCE to enhance worker welfare in the emirate

Ras Al Khaimah Economic Zone (RAKEZ) announced the launch of Workers Protection Insurance Programme, a key initiative in partnership with RAKINSURANCE. This programme is set to significantly enhance the financial security and welfare of workers within the RAKEZ-registered companies, and aligns with ...

More Details

Business & Money | Monday 19 August, 2024 9:17 am

Saudia Unveils Up to 50% Discounts on International Routes for Business and Guest Class

Saudia, the national flag carrier of Saudi Arabia, has introduced an exceptional promotional offer with discounts of up to 50% on international flights via King Abdulaziz International Airport in Jeddah and King Khalid International Airport in Riyadh. This initiative reflects Saudia's commitment to ...

More Details

Business & Money | Monday 19 August, 2024 9:15 am

Saudia Ranks First Globally in On-Time Performance for the Second Consecutive Time

Saudia, the national flag carrier of Saudi Arabia, continues to top the global list for on-time performance (OTP), achieving this milestone for the second time consecutively, according to a report by the independent aviation tracking site, Cirium, for July2024.  The report indicates that...

More Details

Business & Money | Sunday 18 August, 2024 9:56 am

Naseej Tech signs SAR 16.2M contract with KAU

Naseej for Technology Co. (Naseej Tech) signed, on Aug. 15, a contract with King Abdulaziz University (KAU) for technical support services at a total value of SAR 16.19 million, inclusive of VAT. The project aims to upgrade KAU’s academic system to the latest version, provide the necessary...

More Details

Business & Money | Sunday 18 August, 2024 9:54 am

Arriyadh Development shareholders OK SAS with Riyadh Holding to develop Dirah district

Arriyadh Development Co.’s shareholders approved the creation of a simplified joint-stock company (SAS) in partnership with Riyadh Holding Co. to develop Dirah district, during the ordinary general meeting (OGM) held on Aug. 15. In a statement to Tadawul, the company said its share in the...

More Details

Business & Money | Sunday 18 August, 2024 9:40 am

Equipment House inks SAR 34.8M with Riyadh Second Health Cluster

Scientific & Medical Equipment House Co. (Equipment House) signed, on July 30, a contract for the maintenance and repair of medical devices and equipment for hospitals and health centers within Riyadh Second Health Cluster. The contract was sealed at a total value of SAR 34.79 million,...

More Details

Business & Money | Sunday 18 August, 2024 9:37 am

ACWA Power commissions Ar Rass 1 solar PV plant in Saudi Arabia

ACWA Power Co. announced receiving a notice on Aug. 15 from Ar Rass Solar Energy Co., indicating starting operations at the 700 MW Ar Rass 1 solar photovoltaic plant project in Saudi Arabia upon obtaining the commercial operations certificate, according to statement to Tadawul. ACWA Power owns ...

More Details

Business & Money | Sunday 18 August, 2024 9:36 am

SALIC approves sale of entire stake in Saudi Fisheries for SAR 122.4M

Saudi Fisheries Co. (Alasmak) received, on Aug. 15, a letter from its shareholder, Saudi Agricultural and Livestock Investment Co. (SALIC), stating acceptance of the binding offer to complete a special sale and purchase transaction by selling SALIC’s entire stake in Alasmak amounting to 16...

More Details

Business & Money | Sunday 18 August, 2024 9:29 am

MEPCO to double Juthor capacity at SAR 345M

Middle East Paper Co. (MEPCO) said on Aug. 15 that its board of directors gave the go-ahead for doubling production capacity of Juthor Paper Manufacturing Co. by adding the tissue paper production line 6 project (TM6) at a total value of SAR 345 million.In a statement to Tadawul, MEPCO said it ...

More Details

Business & Money | Saturday 17 August, 2024 12:05 am

1,553 disputes resolved in H1 2024: ADREC Dispute Settlement Centre

The Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi's real estate sector, has announced that its Real Estate Dispute Settlement Centre mediated 1,553 real estate disputes in the first half of 2024, demonstrating its efficiency and commitment to maintaining stability...

More Details