Business & Money | Friday 9 August, 2024 11:16 am

Tabreed’s Financial Results for H1 2024 show Company Reaping the Rewards of Investment

 Tabreed, the UAE’s leading international district cooling company, has released its consolidated financial results for the first six months of 2024 and announced changes to its Board of Directors.  The results demonstrate exceptional financial health driven by business growth,...

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Business & Money | Friday 9 August, 2024 11:02 am

Sipchem signs $190M EVA project contract with Korean company

Sahara International Petrochemical Co. (Sipchem) signed today, Aug. 8, a $190 million (SAR 713 million) contract with South Korean engineering, procurement and construction (EPC) company SGC E&C Co. Ltd. to build the former’s petrochemical facility, Yonhap News Agency...

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Business & Money | Friday 9 August, 2024 10:57 am

Royal Reserve’s Integrated Development Management Plan launched

The board of Prince Mohammed bin Salman Royal Reserve Development Authority, announced the launch of the Reserve’s Integrated Development Management Plan (IDMP). The board meeting was chaired on Thursday by Crown Prince and Prime Minister Mohammed bin Salman, who is also chairman of the...

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Business & Money | Friday 9 August, 2024 10:56 am

REGA seeks public input on table of Off-Plan Sale and Lease Law violations

The General Authority for Real Estate (REGA) seeks public feedback on the table of violations of the Off-Plan Sale and Lease Law through Istitlaa platform, no later than Aug. 23. The authority indicated that the table includes penalties for 26 violations, with fines reaching up to SAR 500,000, ...

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Environment & Energy | Friday 9 August, 2024 10:53 am

Saudi Aramco explores global LNG opportunities: Nasser

Saudi Aramco's President and CEO Amin Nasser said the company is working on a number of international investments and exploring global opportunities in the field of LNG.He added that the company has ambitious plans to develop its portfolio and expand its capabilities in this field.Nasser said in an ...

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Business & Money | Friday 9 August, 2024 10:52 am

MAWANI ports handle 645,000 TEUs in July

The Saudi Ports Authority (MAWANI) said that the number of containers handled in July decreased to 645,020 twenty-foot equivalent units (TEUs) in, compared to 753,500 TEUs in the same month last year.  In a statement, MAWANI said that inbound containers rose 15.72% to 271,470 in July,...

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Business & Money | Friday 9 August, 2024 10:45 am

Demand for real estate product grows 17% in Q2: Dar Al Arkan CEO

Anand Sudarshan Kumar Raheja, CEO of Dar Al Arkan Real Estate Development, said that demand for real estate products increased by 17% year-on-year (YoY) in the second quarter of 2024, covering both residential and commercial transactions. This growth was driven by a significant YoY and...

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Government | Friday 9 August, 2024 10:44 am

Royal Decree: Oldest descendant members to chair Cabinet meeting in King, Crown Prince's absence

King Salman issued a Royal Decree, based on a proposal from Crown Prince and Prime Minister, Prince Mohammed bin Salman, stating that the Cabinet meeting shall be chaired by the oldest member who is one of the descendants of Founder King Abdulaziz bin Abdul Rahman Al Saud, if neither the...

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Sports | Friday 9 August, 2024 7:15 am

Fortnite, Street Fighter 6, and Teamfight Tactics blast off Week Six action at the Esports World Cup

The Esports World Cup kicked off group stage competition on Thursday in Fortnite, Street Fighter 6, and Teamfight Tactics. There were strong showings as Week Six action got underway in Fortnite from American teams XSET and Exceed, both of whom earned places in the quarter-finals. In...

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Technology & IT | Thursday 8 August, 2024 1:17 pm

Kingdom Participates in 14th Meeting of UN Committee of Experts on Global Geospatial Information Management

Represented by the General Authority for Survey and Geospatial Information (GEOSA), the Kingdom participated in the 14th meeting of the United Nations Committee of Experts on Global Geospatial Information Management. GEOSA President Dr. Eng. Mohammed bin Yahya Al Sayel, who is also the Chairman of...

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