Business & Money | Wednesday 22 January, 2025 9:01 am

Saudi Arabia spent SAR 93.7B to develop digital infrastructure: Al-Kassabi

Saudi Arabia spent SAR 93.7 billion on developing its digital infrastructure, to be ready for automation and digital transformation, in addition to allocating another SAR 75 billion for future development, Minister of Commerce Majid Al-Kassabi, said. In a session on “services trade” at the ...

More Details

Business & Money | Tuesday 21 January, 2025 9:41 am

Kingdom Holding resumes Jeddah Tower construction

Kingdom Holding Co. (KHC) announced today, Jan. 20, the official restart of construction and concrete pouring for the Jeddah Tower. Jeddah Economic Co. (JEC) is overseeing the project, in partnership with global architectural firm Adrian Smith + Gordon Gill Architecture, along with engineering ...

More Details

Business & Money | Tuesday 21 January, 2025 9:33 am

Al Jouf Cement inks SAR 38M contract to export cement to Syria

Al Jouf Cement Co. inked a contract with Mohammed Shahi Al-Ruwaili Contracting at a total value of SAR 38 million, according to a statement to Tadawul. Under the contract, Al Jouf Cement will export all types of cement and clinker to Syria. The contract’s value is 10% higher than the...

More Details

Business & Money | Tuesday 21 January, 2025 9:32 am

Red Sea subsidiary signs SAR 266M contract

Red Sea International Co.'s subsidiary, Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed a SAR 266 million contract with ALEC Saudi Arabia Engineering and Contracting LLC. The deal covers mechanical and electrical works for the Scientific Discovery and Innovation...

More Details

Business & Money | Tuesday 21 January, 2025 8:00 am

DUBAI SOUTH AND EXPEDITORS SIGN AGREEMENT TO OPEN A NEW FACILITY AT THE LOGISTICS DISTRICT

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and Expeditors International of Washington, Inc. (NYSE: EXPD), a Fortune 500 global logistics company, today announced the signing of an agreement for the launch of a new facility for...

More Details

Business & Money | Tuesday 21 January, 2025 8:00 am

NWC pumps water to 3 Centers in Hail Region

The National Water Company (NWC), represented by the Water Business Unit in Hail Region, has started pumping water to Al-Mushaitiyah center in Hail City, and the centers of (Wasitat Al-Dulaim and Al-Mathawah) in Al-Ha’aet Governorate, through the transmission lines from the drinking water...

More Details

Business & Money | Tuesday 21 January, 2025 8:00 am

Housing Ministry publishes updated entertainment facility regs

Saudi Arabia’s Ministry of Municipalities and Housing issued the updated regulatory guide for entertainment facilities, aimed at improving service quality, attracting investors, and enhancing visitor safety while protecting stakeholder rights. The new regulations apply to all entertainment...

More Details

Business & Money | Tuesday 21 January, 2025 8:00 am

UAE participates in International Geological Survey Meeting in Riyadh

The UAE participated in the International Geological Survey Meeting held during the fourth International Mining Conference in Riyadh, Saudi Arabia. The meeting aimed to strengthen international cooperation in the mining sector and develop geological capabilities to enhance the production of...

More Details

Business & Money | Tuesday 21 January, 2025 8:00 am

UAE tops Arab list as best, most attractive destination for investment: Dhaman

The UAE has topped the Arab list as the best and most attractive destination for investment and business in auto sales activity for 2024, Arab Investment and Export Credit Guarantee Corporation (Dhaman) has said. The Kuwaiti-based Dhaman organisation stated in its fourth sectoral report for...

More Details

Business & Money | Tuesday 21 January, 2025 8:00 am

DLD enables private property owners on Sheikh Zayed Road, Al Jaddaf to convert to freehold ownership

Dubai Land Department (DLD) announced that the private property owners in Sheikh Zayed Road area (from the Trade Centre Roundabout to the Water Canal) and Al Jaddaf area can now convert their ownership status to freehold to all nationalities. A total of 457 plots are eligible for conversion to ...

More Details