Business & Money | Friday 7 February, 2025 5:23 pm

Cenomi Centers to hand over Dhahran Mall’s phase 1 on Feb. 9, expects SAR 49M in net profit

Arabian Centres Co. (Cenomi Centers) will hand over the first phase of Dhahran Mall in Eastern Province on Feb. 9.   In a statement to Tadawul today, Feb. 6, the company said the move is in accordance with the agreed-upon contract terms, which stipulate that the land and building...

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Business & Money | Friday 7 February, 2025 5:09 pm

Vision 2030 offers clear investment opportunities: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said Saudi Arabia’s Vision 2030 aims to diversify the economy, providing transparent and clear investment opportunities for investors.   This ambitious strategy boosted the development of multiple sectors, with industry...

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Government | Friday 7 February, 2025 2:16 pm

Awqaf Authority announces new set of violations, penalties

The General Authority for Awqaf announced a new set of violations and penalties for the regulation of the work of the trustees, as part of its efforts to strengthen the protection of endowments from encroachment and illegal exploitation. This comes with the aim of the sustainability of those...

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Cars & Autos | Friday 7 February, 2025 12:19 pm

PIF’s Ceer seals SAR 543M partnership with Italy’s Sabelt to deliver sports car seats

Public Investment Fund (PIF)-backed electric vehicle (EV) manufacturer Ceer signed a partnership agreement worth SAR 543 million ($145 million) with Italy-based Sabelt, a global leader in high-performance car safety systems.   Trusted by brands like Ferrari, Aston Martin, Maserati,...

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Business & Money | Friday 7 February, 2025 12:14 pm

KAEC's Industrial Valley hosts 12 carmakers, auto service providers: CEO

Majid Matbouly, CEO of the Industrial Valley and Special Economic Zone at King Abdullah Economic City (KAEC), said the Industrial Valley hosts six factories for car manufacturing and assembly, along with six companies offering automotive logistics, Al Eqtisadiah newspaper...

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Technology & IT | Thursday 6 February, 2025 12:39 pm

HONOR Sets the Standard for AI Innovation in Smartphones

Artificial Intelligence (AI) is no longer just a thing of the future; it’s changing technology today. From smartphones that anticipate our needs to smart homes that adjust to our habits, AI is becoming a part of everyday life and showing how essential it is in the digital age. Leading the...

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Tourism & Hospitality | Thursday 6 February, 2025 11:07 am

Moscow Strengthens Tourism Ties with the UAE Amid Surging Visitor Numbers

Dubai, UAE – The Moscow City Tourism Committee embarked on a strategic roadshow in the Middle East, reinforcing its commitment to fostering long-term tourism partnerships. With the UAE emerging as a key market, the delegation is focused on accelerating visitor growth, deepening collaboration, and ...

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Government | Thursday 6 February, 2025 11:06 am

HRH Prince of Riyadh Patronizes Ceremony for Infrastructure Development Master Plan in Region

HRH Prince Faisal bin Bandar bin Abdulaziz Al Saud, Governor of Riyadh Region, will patronize a ceremony hosted by Riyadh Region Infrastructure Projects Center (RIPC) on February 10, 2025. The event will unveil the "Detailed Master Plan for Infrastructure Development Projects" in presence of...

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Business & Money | Thursday 6 February, 2025 10:41 am

UAE, Argentina explore new investment opportunities

The Ministry of Economy, in collaboration with the Abu Dhabi Chamber of Commerce and Industry, has hosted a high-level UAE-Argentina economic seminar in Abu Dhabi, bringing together senior government officials and business leaders from both nations to explore new trade and investment...

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Business & Money | Thursday 6 February, 2025 10:37 am

ADNEC Group announces sponsorship agreement with Calidus for IDEX, NAVDEX 2025

ADNEC Group has signed an agreement with Calidus, an Emirati company specialising in advanced defence design and manufacturing, to become the main sponsor of the International Defence Conference & Exhibition (IDEX) and Naval Defence & Maritime Security Exhibition (NAVDEX) 2025. The...

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