Business & Money | Saturday 8 June, 2024 4:38 am

NHC records highest evet sales of over SAR 3B in May: CEO

National Housing Co. (NHC) reported the highest sales on record in May of more than SAR 3 billion since the start of its projects, CEO Mohammed Al-Buty said in an interview with Al Arabiya.   Demand for the company's developed residential projects is on the rise. He noted that the...

More Details

Business & Money | Saturday 8 June, 2024 4:33 am

Aramco sets final secondary offering price at SAR 27.25/shr

Saudi Aramco set the final price of its secondary offering at SAR 27.25 per share.   The announcement was made by SNB Capital, in its capacity as the lead manager, Citigroup Saudi Arabia, Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, JP Morgan Saudi Arabia Company, Merrill Lynch...

More Details

Business & Money | Friday 7 June, 2024 3:06 pm

ENOC Group’s marine lubricants business records 120% sales growth in Greek market

ENOC Group, a leading integrated global energy player, recorded a 120% growth within its marine lubricant business in Greece during the period of 2022 to 2023. Multiple agreements have contributed to this substantial increase over the last couple of years, which is aligned with the Group’s plans...

More Details

Government | Friday 7 June, 2024 12:35 am

Ajman Department of Finance Enhances Financial Planning Efficiency Among Supervisory Staff in the Emirate’s Government

The Ajman Department of Finance recently organised a workshop titled "Financial Planning for Supervisory Personnel in the Ajman Government." The workshop aimed to equip supervisory personnel in government agencies across the Emirate of Ajman with the skills to plan financial resources efficiently...

More Details

Business & Money | Friday 7 June, 2024 12:31 am

THE RED SEA FILM FOUNDATION LEADERSHIP UPDATE

Following a successful Cannes Film Festival, the Red Sea Film Foundation is announcing a leadership update and the transition of Mohammed Al-Turki from CEO to advisor to the Foundation. Mohammed Al-Turki will continue to support the leadership team while he returns to focus on personal projects and ...

More Details

Tourism & Hospitality | Friday 7 June, 2024 12:16 am

Khaled bin Mohamed bin Zayed meets CEO of Blackstone

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has met Stephen Allen Schwarzman, CEO and Co-Founder of Blackstone, a leading global alternative asset management company that provides services for institutional and...

More Details

Business & Money | Friday 7 June, 2024 12:07 am

du Pay partners with Visa to debut innovative prepaid card in the UAE

du Pay, the advanced digital payment arm of du, made a significant move in advancing digital payments across the UAE by formalizing a partnership with Visa, a world leader in digital payments. This collaboration marks du Pay's entry as a principal member to issue Visa cards, emphasizing its...

More Details

Business & Money | Thursday 6 June, 2024 6:56 pm

Vision Golfe 2024 : Record Attendance Signals Growing French-GCC Commercial Cooperation

 Vision Golfe 2024, held at the French Ministry of Economy, Finance, Industrial and Digital Sovereignty in Paris, has marked a significant milestone in bolstering economic relations between France and the Gulf Cooperation Council (GCC). This year’s edition witnessed unprecedented engagement...

More Details

Tourism & Hospitality | Thursday 6 June, 2024 2:15 pm

DISNEY AND PIXAR’S “INSIDE OUT 2” MAKES HISTORY AS DISNEY’S FIRST-EVER ARABIC CINEMA RELEASE IN SAUDI ARABIA

Get ready for the emotional cinematic ride of a lifetime – in Arabic! Disney and Pixar are set to dazzle cinema audiences with the eagerly awaited film, "Inside Out 2," premiering in Arabic for the first time across theatres in Saudi Arabia on June 13, 2024.  The highly anticipated...

More Details

Environment & Energy | Thursday 6 June, 2024 10:41 am

Energy Minister says oil output to increase gradually over next 3 years

Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, said that oil production would gradually increase beginning in 2025 and continuing for the next three years before returning to 12.3 million barrels in 2028.   Speaking at a panel discussion at the St....

More Details