Government | Sunday 3 March, 2024 8:54 am

Minister of Municipal Affairs approves Municipal Licensing Procedures Law

Minister of Municipal, Rural Affairs and Housing, Majid Al-Hogail, approved the Municipal Licensing Procedures Law, Umm Al-Qura newspaper reported on March 1.   This replaces the Executive Regulations of the Municipal Licensing Procedures Law issued on Jan. 30,...

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Tourism & Hospitality | Sunday 3 March, 2024 8:47 am

MANDARIN ORIENTAL AL FAISALIAH, RIYADH UNVEILS EXCEPTIONAL RAMADAN EXPERIENCES

Mandarin Oriental Al Faisaliah, Riyadh – the benchmark for Ramadan gatherings in the Saudi capital – is rolling out an exceptional range of experiences during the Holy Month. With a long-standing legacy of hosting Riyadh’s finest Suhoors and Iftars, the newly rebranded hotel is all set to...

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Government | Saturday 2 March, 2024 1:28 am

Nazaha investigates 288 suspects in February, arrests 126

The Oversight and Anti-Corruption Authority (Nazaha) launched investigations into 3,209 criminal and administrative cases in February.   Nazaha investigated 288 persons and arrested 126 suspects, of whom some were released on bail on being involved in bribery, money laundry and...

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Business & Money | Saturday 2 March, 2024 1:26 am

Enhancing fair trade practices important for economic opportunities in developing countries

Minister of Finance, Mohammed Al-Jadaan, said that enhancing fair trade practices is important for increasing economic opportunities in developing countries. He also emphasized the need to continue implementing the common framework for debt treatment.   In the first G20 Finance...

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Culture & Education | Saturday 2 March, 2024 1:24 am

Saudi Arabia aims for early education to reach 90% by 2030: Minister

Saudi Arabia improved its position in early education from 10% in 2019 to current 34%, aiming to reach 90% by 2030, said Minister of Education, Yousef Al-Benyan. He also emphasized the need to invest in teachers to attain higher skills.   During his participation in the Human...

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Business & Money | Saturday 2 March, 2024 1:22 am

SAMA Governor says monetary policies should ensure price stability

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA) said that monetary policies should ensure price stability and be ready for immediate action to address economic changes.   He added that a stable financial sector is capable of efficiently converting savings into investments,...

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Business & Money | Saturday 2 March, 2024 1:19 am

Saudi Arabia to build food industrial clusters in Jazan, use Made in Saudi label on Lucid cars

Saudi Arabia will build food industrial clusters in Jazan, mining industrial clusters in Ras Al-Khair, automotive industrial clusters in Jeddah, and chemicals clusters in Yanbu, Al-Eqtisadiah newspaper reported, citing Bandar Alkhorayef, Minister of Industry and Mineral...

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Business & Money | Saturday 2 March, 2024 1:17 am

Aramco completes acquisition of Esmax

Saudi Aramco successfully completed the acquisition of a 100% equity stake in Esmax Distribución SpA (Esmax), a leading diversified downstream fuels and lubricants retailer in Chile.   Esmax has a national presence that includes retail fuel stations, airport operations, fuel...

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Business & Money | Friday 1 March, 2024 4:15 pm

ThinkMarkets Bolsters MENA Presence by Acquiring DFSA Licence

ThinkMarkets, the leading multi-asset trading provider, has expanded its presence in the Middle East and North Africa (MENA) region with the recent regulatory approval for a licence from the Dubai Financial Services Authority (DFSA). This new licence allows ThinkMarkets to onboard clients in the...

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Business & Money | Friday 1 March, 2024 7:03 am

Masdar finalises joint investment in 3GW UK Offshore Wind Project

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has completed its acquisition of a 49 percent shareholding in the 3 gigawatt (GW) Dogger Bank South (DBS) project – one of the world’s largest planned offshore wind farms. The planned £11 billion joint...

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