Business & Money | Tuesday 15 October, 2024 9:28 am

King Salman Airport, EW Partners explore SEZ plans

EW Partners, the first private equity company to establish a Saudi-Asia cross-border investment platform, is collaborating with King Salman International Airport Development Co. (KSIADC) to explore plans for establishing a special economic zone (SEZ) at King Salman International Airport (KSIA) in...

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Business & Money | Tuesday 15 October, 2024 8:58 am

Alia Al Mazrouei reviews UAE's efforts to develop entrepreneurship environment, new economic model at Expand North Star

Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, participated in a session titled ‘The UAE's Vision for Entrepreneurship - Future Growth Opportunities for Local and Global Investors’, which took place at Expand North Star 2024, one of the largest events for startups and...

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Business & Money | Tuesday 15 October, 2024 8:56 am

OHANA DEVELOPMENT TO LAUNCH NEW LUXURY BRANDED RESIDENCE PROJECT IN THE UAE

Ohana Development, the luxury real estate developer, announces its plans to launch a luxurious branded residence project in partnership with a world-leading global luxury brand. This exclusive development, will be located in Abu Dhabi, and is set to redefine luxury beachfront living in the...

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Business & Money | Monday 14 October, 2024 9:54 am

Premium plates fetch AED69.137 million at RTA auction

Dubai's Roads and Transport Authority (RTA) secured a staggering AED69.137 million at the latest open auction of vehicle licence plates. The 116th edition of the auction featured 90 premium plates, ranging from two to five digits and including the letters AA, L, N, P, Q, R, S, T, U, V, W, X,...

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Business & Money | Monday 14 October, 2024 9:52 am

Borouge transports over 700,000 tonnes of products in first year of Etihad Rail agreement

Borouge Plc announced today that more than 700,000 tonnes of polyolefins had been transported during its first year of operations with Etihad Rail, the developer and operator of the UAE National Rail Network. Since September 2023, over 36,000 Borouge containers have been transported from a...

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Business & Money | Monday 14 October, 2024 9:50 am

Naseej Tech bags SAR 13M project from SAIP

Naseej for Technology Co. (Naseej Tech) was awarded a project by the Saudi Authority for Intellectual Property (SAIP) for SAR 12.98 million including VAT, according to a statement to the Saudi Exchange (Tadawul). As part of the contract, Naseej Tech will provide managed services...

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Business & Money | Monday 14 October, 2024 9:48 am

Riyadh Metro set to open in a few weeks: Transport Minister

Saudi Arabia's Minister of Transport and Logistics, Saleh Al-Jasser, announced that the Riyadh Metro is nearing its grand opening, which is expected to take place within just a few weeks. In an interview with Al Arabiya, Al-Jasser said that the metro is in its final stages, and the matter is...

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Business & Money | Monday 14 October, 2024 9:45 am

Saudi air freight sector sees 53% growth in 2024: GACA President

President of the General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej stressed that the Kingdom has witnessed a surge in air freight sector during 2024, as it grew by 53% compared to 2023, Saudi Press Agency reported. Al-Duailej made his remarks while participating in a ...

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Business & Money | Monday 14 October, 2024 9:43 am

Global Logistics Forum’s 1st day sees 69 deals worth over SAR 17B: Al-Jasser

inister of Transport and Logistics Services Saleh Al-Jasser announced the signing of 69 agreements worth more than SAR 17 billion on the first day of the Global Logistics Forum today, Oct. 13, Al Arabiya TV reported. One of the agreements was inked between Saudi Arabia and Egypt on...

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Business & Money | Monday 14 October, 2024 9:40 am

Amiantit signs SAR 89.5M contract to supply pipes

Saudi Arabian Amiantit Co. signed, on Oct. 13, a contract with Rawabet Al Hamroor Co. worth SAR 89.45 million (including VAT), to supply pipes, according to a statement to Tadawul. The 32-month contract includes supplying pipes for the second phase of the National Water Co.’s project of ...

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