Business & Money | Sunday 18 February, 2024 8:39 am

DEWA received 6,235 innovative ideas from its employees in 2023 on Afkari platform

Dubai Electricity and Water Authority (DEWA) received 6,235 innovative ideas in 2023 through the Afkari internal platform, designed to encourage employees to be innovative and creative. So far, 85 percent of the approved ideas have been implemented. This has contributed to supporting the...

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Business & Money | Sunday 18 February, 2024 8:28 am

Azizi Developments partners with Amerec for Riviera’s fourth phase

Azizi Developments, a leading private developer in the UAE, has partnered with Amerec, the prominent American international leader in the steam and sauna industry, for the supply, design, and installation of steam rooms across the fourth phase of Riviera, Azizi’s mega-project in MBR City.For...

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Government | Sunday 18 February, 2024 8:18 am

Saudi Arabia issues executive regulations for real estate contributions law

The Real Estate General Authority (REGA) announced issuing the executive regulations for the real estate contributions law, in coordination with the Capital Market Authority (CMA).   REGA confirmed the possibility of applying for a real estate contributions license through its...

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Business & Money | Sunday 18 February, 2024 8:16 am

Real Estate Registry seen to register 80% of real estate by 2028: CEO

Mohammad Al-Sulaiman, CEO of the National Real Estate Registration Services Co. (Real Estate Registry - RER), said 2024 will be a distinguished year for the real estate registry, Al Eqtisadiah newspaper reported.  He pointed out that 80% of the Kingdom's real estate will likely be...

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Tourism & Hospitality | Sunday 18 February, 2024 8:14 am

Saudi Arabia tops UN list of international tourist arrivals in 2023

Saudi Arabia recorded a 56% leap in the number of tourists arriving during 2023 compared to 2019, Saudi Press Agency reported, citing the UN’s World Tourism Barometer report. The Kingdom achieved a 156% rise in the number of tourists arriving during 2023 compared to 2019. The great...

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Business & Money | Sunday 18 February, 2024 8:12 am

Details of tax rules for regional headquarters in Saudi Arabia

Umm Al-Qura newspaper published on Feb. 16 the tax rules for regional headquarters (RHQ), which include the provisions related to the tax incentives granted to RHQ.   The rules will be effective as of their publication date.   Under the rules, the RHQ that meet the...

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Business & Money | Sunday 18 February, 2024 8:10 am

Advanced seals $191M EPC contract for isopropanol plant

Advanced Petrochemical Co. signed EPC contracts to build the isopropanol plant in Jubail Industrial City using the manufacturing tech from Germany’s Thyssenkrupp at a total value of $191.26 million (SAR 717.23 million). In an emailed statement to Argaam, Advanced said the project will...

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Business & Money | Sunday 18 February, 2024 8:08 am

PPG’s joint venture Sigma Paints Saudi Arabia receives MECOC Expo Gold Sponsorship

PPG (NYSE: PPG) today announced that its Sigma Paints Saudi Arabia (SPSA) joint venture was honored with the prestigious MECOC Expo Gold Sponsorship and Speaker Appreciation Awards at the recent Middle East Metallurgy Corrosion & Coatings Expo (MECOC) in Abu Dhabi. The awards recognize the...

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Business & Money | Saturday 17 February, 2024 4:11 am

Tenaris unveils its industrial complex in Abu Dhabi Industrial City

Tenaris, a leading global steel pipe manufacturer and supplier, inaugurated its new Abu Dhabi industrial complex, Etihad Tubulars, with a US$60 million investment. This industrial complex underscores the robustness of the company’s long-standing partnership with ADNOC and reaffirms its commitment ...

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Technology & IT | Saturday 17 February, 2024 3:59 am

International cooperation key to combatting cyber threats: UAE leads the charge

The necessity of cybersecurity grows with emerging technologies and digital dependence. International cooperation is vital to address ever-increasing cyber threats. The UAE plays a leading role, actively promoting cybersecurity globally and boasting advanced infrastructure and initiatives. In...

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