Business & Money | Monday 10 May, 2021 5:33 am

Advanced Electronics Company's CEO Extends Eid Al Fitr Greetings to Kingdom's Leaders

Eng. Ziad Al-Musallam, CEO of the Advanced Electronics Company, a Saudi Arabian Military Industries (SAMI) company, extended his sincere wishes in his name and on behalf of the company's employees, to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, His Royal Highness...

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Business & Money | Monday 10 May, 2021 5:31 am

Uber supports drivers in Saudi Arabia with special Ramadan initiative

 Celebrating the spirit of Ramadan, Uber today announced that it will be rewarding top rated drivers in Saudi Arabia with special incentives* worth 50,000 SAR. Up to 10 drivers a day will be able to unlock 500 SAR each, helping them make the most of their time on the app during the Holy...

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Business & Money | Sunday 9 May, 2021 5:28 am

Saudi Arabia approves international central securities depositories instructions

Saudi Capital Market Authority announced on Thursday the approval of International Central Securities Depositories Instructions by the Securities Depository Center Company (Edaa), effective May 6, 2021. The instructions regulate the linkage application process and its conditions, related...

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Business & Money | Sunday 9 May, 2021 5:25 am

Sadara announces more than SR1.6 billion net profit; super Q1 results

Sadara Chemical Company (Sadara) announced its first quarter financial performance for 2021, stating that the company’s revenues reached more than SR4.4 billion — 30.5% higher compared to the previous quarter in 2020 and an increase of more than 80% compared to the same quarter last...

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Business & Money | Saturday 8 May, 2021 3:19 pm

Expo 2020 Steering Committee urges participants to follow Expo’s lead and join its free vaccination drive to ensure safety of all visitors

The Expo 2020 Dubai Steering Committee has urged all of Expo’s 200-plus participants to join Expo 2020’s vaccination drive, praising the decision of His Highness Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, to offer free...

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Business & Money | Saturday 8 May, 2021 2:35 pm

Zain KSA sees 14% profit growth

Zain KSA has recorded revenues of about SAR 1,938 million and achieved net profit of SAR 41 million for the first quarter of 2021, a 14% growth as compared to the fourth quarter of 2020. Zain KSA explained that these results highlight the sustained profitability of its operations, which has...

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Business & Money | Friday 7 May, 2021 1:22 pm

Coronavirus vaccines mandatory for all employees to attend workplace

Saudi Gazette report Coronavirus vaccines are mandatory for all employees to attend their workplace in the public, private and non-profit sectors, the Ministry of Human Resources and Social Development (HRSD) announced early Friday.The ministry has called on all employees to start registering...

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Business & Money | Friday 7 May, 2021 7:29 am

With five months to go, Expo’s International Participants confident and committed to a World Expo that will unify, excite and inspire

Countries participating in Expo 2020 Dubai are united in their commitment to hosting a World Expo that builds bridges, inspires action and delivers real-life solutions to global challenges – that is the message from delegates attending the sixth International Participations Meeting (IPM), which...

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Business & Money | Friday 7 May, 2021 5:52 am

Shaker reports SAR 4.5 million net profit in Q1 2021; year-on-year revenue growth of 30.5%

Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker” or the “Company”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the 3-month period ended 31 March 2021. Shaker achieved revenue of SAR 288.3...

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Business & Money | Friday 7 May, 2021 2:54 am

Dar Al Arkan reveals exclusive villas in Shams Ar Riyadh designed by ELIE SAAB setting new standards for premium living

In a unique collaboration, Dar Al Arkan, the leading real estate company in Saudi Arabia, is introducing exclusive co-branded villas with global designer Elie Saab to be part of the Kingdom's Shams Ar Riyadh project. Reflecting the sophisticated elegance and exceptional detailing that ELIE...

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