Business & Money | Saturday 9 March, 2024 8:29 am

Saudi Arabia spends SAR 35B on digital transformation: Official

Saudi Arabia's spending on digital transformation has exceeded nearly SAR 35 billion so far, said Hisham Al Sheikh, Vice Governor of the Shared Services Sector in the Digital Government Authority.   He indicated that spending on digital transformation will continue, Al Eqtisadiah...

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Business & Money | Saturday 9 March, 2024 8:26 am

REGA requests property owners in 56 districts to register

Saudi Arabia's Real Estate General Authority (REGA) called on property owners to register their properties in 56 districts across Riyadh, Dammam, and Madinah from until March 28, 2024.      In a statement, REGA said the first phase of registration will take...

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Business & Money | Saturday 9 March, 2024 8:25 am

PIF-backed Ceer to develop SAR 5B EV facility in Saudi Arabia

Ceer, the first Saudi electric vehicle (EV) brand and original equipment manufacturer (OEM), will develop a nearly SAR 5 billion EV manufacturing facility in King Abdullah Economic City.   The project will span over one million square meters (sqm), with an area under roof of 530,000...

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Business & Money | Saturday 9 March, 2024 8:09 am

LEAP24 witnesses launch of $13.4B investments

The third edition of LEAP 24 conference witnessed the launch of investments worth more than $13.4 billion, said Faisal Al-Khamissi, Chairman of the Saudi Federation for Cyber Security and Programming (SAFCSP).   LEAP 24 has officially become the most attended technical conference in...

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Business & Money | Friday 8 March, 2024 7:08 am

ADCB approves cash dividends of AED0.56 per share amounting to AED4.099 bn

Abu Dhabi Commercial Bank (ADCB) has approved the Board of Director’s proposal to distribute a cash dividend of AED0.56 per share, translating to a total pay-out of AED4.099 billion equivalent to 50% of the Net Profit in 2023. This came as the ADCB today held its physical-cum-virtual 40th...

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Business & Money | Friday 8 March, 2024 6:49 am

AWPT subsidiary secures SAR 536M credit facilities from Al Rajhi Bank

Alkhorayef Water and Power Technologies Co. (AWPT) obtained SAR 536 million worth of Shariah-compliant credit facilities from Al Rajhi Bank for one of its subsidiaries, Package 6 Company for Environmental Services — a limited liability company, according to a statement to Tadawul today, March...

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Business & Money | Friday 8 March, 2024 6:44 am

Aramco says no impact on business due to 8% stake transfer to PIF portfolios

Saudi Arabian Oil Co. (Saudi Aramco) said the state remains the majority shareholder in the oil giant with 82.186% ownership following the transfer of 8% of the former's issued shares to wholly-owned portfolios by the Public Investment Fund (PIF). This is a private transfer where Aramco...

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Business & Money | Friday 8 March, 2024 1:41 am

RAKEZ welcomes diverse global delegations in a strong start to the year

Ras Al Khaimah Economic Zone (RAKEZ) noted a dynamic start to the year, having already hosted a dozen high-profile international delegations and business councils. These visits underscore RAKEZ’s growing appeal as a leading destination for investment and economic...

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Business & Money | Thursday 7 March, 2024 1:02 pm

Inaugural Saudi Signage Expo draws thousands of attendees on the opening day,

The first edition of Saudi Signage Expo was inaugurated by Naif Abdullah Al Rajhi, Vice Chairman of the Board of Directors of the Riyadh Chamber following a ribbon-cutting ceremony at the Riyadh International Convention & Exhibition Centre (RICEC). In its inaugural year, the event is the...

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Business & Money | Thursday 7 March, 2024 12:59 pm

Media Rotana Supports Inclusion at the Al Noor Superhero Walk

Media Rotana, Dubai proudly joined the esteemed “Al Noor Superhero Walk for Inclusion" a walk for Inclusion organized by Al Noor Rehabilitation and Welfare Association for People of Determination. This significant event aimed to integrate and empower individuals with determination, drawing...

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