Business & Money | Sunday 2 June, 2024 9:24 am

Etihad Airways, Beijing Daxing International Airport to strengthen strategic cooperation

Etihad Airways, the national airline of the United Arab Emirates, and Beijing Daxing International Airport of Capital Airport Holding Company, today signed a Memorandum of Understanding at the UAE-China Business & Investment Forum. The MoU marks a further deepening of the partnership...

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Business & Money | Sunday 2 June, 2024 9:13 am

Obeikan Glass secures SAR 50M credit facilities from SAB

Obeikan Glass Co. obtained Shariah-compliant credit facilities worth SAR 50 million from Saudi Awwal Bank (SAB). The one-year facilities are guaranteed by a promissory note, the company said in a statement to Tadawul. The loan is intended to finance the...

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Business & Money | Sunday 2 June, 2024 9:06 am

Group Five signs SAR 1.3B contract with Saudi Aramco

Group Five Pipe Saudi Co. signed, on May 30, a contract worth SAR 1.3 billion (VAT inclusive) with  Saudi Aramco for manufacturing and supplying spiral-welded steel pipes, according to a statement to Tadawul. Under the 12-month contract, the company will manufacture and supply...

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Business & Money | Sunday 2 June, 2024 8:45 am

Riyadh Air chooses Creative Director Ashi as its cabin crew fashion designer

Riyadh Air has selected world-renowned Saudi Arabian fashion designer Ashi to design and create the airline’s first-ever cabin crew fashion line. The partnership marks another groundbreaking milestone for the Kingdom’s new start-up airline, which is set to combine spectacular high fashion and...

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Business & Money | Saturday 1 June, 2024 3:57 pm

Dubai Civil Aviation Authority visits China's Meituan Company to Exchange Safety Expertise

A delegation from the Dubai Civil Aviation Authority, led by Ahmed Salem Al Saabri Director Aviation & Airports Safety and Maitha Hadef Al Ali from the Aviation Safety and Environment Sector, paid an official visit to Meituan Company in Shenzhen, People's Republic of China, believing in...

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Business & Money | Saturday 1 June, 2024 3:52 pm

Remat Al-Riyadh inks outdoor advertising investment contracts

Remat Al-Riyadh Development Company, the development arm of the Riyadh Region Municipality and a strategic enabler for private sector involvement in municipal development, has signed the second batch of outdoor advertisement investment contracts, unlocking a total revenue of more than SAR 500...

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Business & Money | Saturday 1 June, 2024 3:42 pm

Makkah Municipality to offer 100 Investment opportunities this year

The Holy Makkah Municipality expected the number of projects and investment opportunities to be offered in Makkah this year to exceed 100. Al-Eqtisadiah newspaper reported that 19 investment projects were offered in the first quarter of 2024. These projects included the development of the...

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Business & Money | Saturday 1 June, 2024 3:41 pm

Aramco completes acquisition of 40% stake in Gas & Oil Pakistan

Saudi Arabian Oil Co. (Saudi Aramco) completed the acquisition of a 40% stake in Gas & Oil Pakistan Ltd. (GO). In a statement, Saudi Aramco said the acquisition represents its downstream retail investment in Pakistan and signals the company’s growing retail presence in high-value...

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Business & Money | Saturday 1 June, 2024 3:36 pm

Saudi Building Code’s executive regulations amended

The Minister of Commerce and Chairman of the Saudi Standards, Metrology and Quality Organization (SASO), Majid Al-Kassabi, approved amendments to the executive regulations of the Saudi Building Code (SBC), which will come into effect from the date of its publication in the official...

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Business & Money | Saturday 1 June, 2024 3:31 pm

Al Saedan Real Estate acquires residential-commercial masterplan in Riyadh for SAR 2B

Al Saedan Real Estate Company announced the acquisition of a residential-commercial masterplan in the northeast of Riyadh, for nearly SAR 2 billion. The acquisition was completed through the establishment of a real estate investment fund in partnership with ANB Capital.   In a...

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