Business & Money | Sunday 12 January, 2025 10:12 am

UAE, Portugal discuss best practices in protecting public resources

Humaid Obaid Abushibs, Chairman of the UAE Accountability Authority (UAEAA), has concluded an official visit to the Republic of Portugal aimed at fostering effective strategic partnerships and exchanging best practices to achieve excellence in protecting public resources. During the visit,...

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Business & Money | Sunday 12 January, 2025 10:00 am

Al Etihad, Al Rajhi Bank in bancassurance partnership

Al Etihad Cooperative Insurance Co. signed last Thursday, Jan. 9, a contract with Al Rajhi Bank to practice banking insurance business and provide quotes for comprehensive insurance on leased vehicles under the “Lease with a Promise to Own” program. According to...

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Business & Money | Sunday 12 January, 2025 9:55 am

Multi Business inks SAR 5.4M contract

Multi Business Group Co. signed, on Jan. 9, a four-month contract worth SAR 5.38 million, including value-added tax, with Manafa Co. In a statement to Tadawul, the company said the agreement includes contracting works for Manafa’s headquarters, covering architectural,...

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Business & Money | Sunday 12 January, 2025 9:52 am

Saudi Arabia unveils Middle East’s largest livestock city worth SAR 9B

Hafr Al-Batin Investment Forum 2025, organized by the Hafr Al-Batin Chamber, in collaboration with the Federation of Saudi Chambers, launched the largest livestock city in the Middle East at a cost of SAR 9 billion. This comes as part of the Kingdom's efforts to reach self-sufficiency in...

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Business & Money | Sunday 12 January, 2025 9:45 am

Hafr Al-Batin Forum witnesses signing of SAR 17B deals

The Hafr Al-Batin Investment Forum 2025 witnessed today, Jan. 8, the signing of seven agreements worth SAR 17 billion in several target sectors, poised to bolster the future of economic development and investment in Hafr Al-Batin, so as to become an attractive hub for local and international...

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Business & Money | Sunday 12 January, 2025 9:35 am

PIF anchors newly-introduced Saudi bond ETF with SAR 750M

The Public Investment Fund (PIF) pumped SAR 750 million (or $200 million) in investments in the recently-launched SPDR JPMorgan Saudi Arabia Aggregate Bond UCITS ETF — a new bond ETF focused on Saudi Arabia, managed by State Street Global Advisors Co. In a statement picked up...

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Business & Money | Sunday 12 January, 2025 9:33 am

KSA aims to support industries with affordable gas prices: Minister

Minister of Energy Prince Abdulaziz bin Salman said the Kingdom has a comprehensive range of ongoing and future projects to support local industries. This includes ensuring competitive gas prices and supplying electricity to factories, along with offering energy-intensive industry tariffs and...

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Business & Money | Friday 10 January, 2025 7:15 pm

Making an impact for the people of Makkah through ALMANAR

The groundbreaking for our latest project, ALMANAR, is special. This destination is not only the largest integrated community to be built in the holy city, with 33,000 homes spread across 21 million square meters, but it also represents a shift in the quality of life that we will offer to Makkah...

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Business & Money | Friday 10 January, 2025 12:58 pm

REDF: Mortgages for housing support programs rise 20% in 2024

Mortgage contracts for housing support programs by the Real Estate Development Fund (REDF) grew 20% during 2024, CEO Mansour bin Madi said.   He explained that the various housing support programs enabled 89,000 beneficiaries to secure mortgages worth a total of SAR 62.9 billion...

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Business & Money | Friday 10 January, 2025 12:56 pm

MIS signs 10-year framework agreement with Saudi Aramco

Al Moammar Information Systems Co. (MIS) signed a unified framework agreement with Saudi Aramco to supply Cisco IT system products based on purchase orders agreed upon by both parties.   In a statement on Tadawul, the company explained that the contract value will be determined...

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