Business & Money | Tuesday 2 April, 2024 11:34 am

GFSA awards 795,000 tons of imported wheat in 1st batch for 2024

The General Food Security Authority (GFSA) completed the procedures for awarding the first batch of imported wheat for 2024, amounting to 795,000 tons, for local market supply from the European Union, North and South America, Australia, and the Black Sea.   Governor Ahmed Al-Faris...

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Business & Money | Tuesday 2 April, 2024 10:57 am

Emaar EC reschedules SAR 1B loan with PIF for 3 months

Emaar The Economic City (Emaar EC) announced rescheduling a loan agreement worth SAR 1 billion with the Public Investment Fund (PIF) from 18 to 21 months, according to a statement to Tadawul today, April 1. Accordingly, the facility term will end on Nov. 19, 2024, instead of Aug. 19, 2024,...

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Business & Money | Tuesday 2 April, 2024 10:54 am

Industry Ministry starts expanding scope of industrial customs exemption

The Ministry of Industry and Mineral Resources commenced its plan to expand the scope of industrial customs exemption for all industrial establishments that have a valid industrial license from the ministry, on imports of specified materials and products.   The new customs exemption, ...

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Business & Money | Tuesday 2 April, 2024 10:53 am

Al Akaria signs SAR 722.1M contract with DGCL for metro excavation

Saudi Real Estate Co. (Al Akaria) signed on April 1 a contract with Diriyah Gate Company Limited (DGCL) for the excavation work of metro-box central, metro-box south and metro-box east.   The contract—worth SAR 722.1 million, inclusive of VAT—is valid for 1,276 calendar days. The ...

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Business & Money | Monday 1 April, 2024 2:10 pm

SPORTS BOULEVARD LAUNCHES A COMMYUNITY INITIATIVE “Walking Track” and RIYDE, RIYADH’S IMMERSIVE CYCLING EXPERIENCE DURING RAMADAN

The Sports Boulevard has launched the "Walking Track" initiative in collaboration with Al Nakheel Mall in Riyadh during the holy month of Ramadan to encourage residents and visitors of Riyadh to engage in walking exercise. The length of the walking track inside the mall is 506 meters, equivalent to ...

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Business & Money | Monday 1 April, 2024 12:44 pm

Middle East economy remains robust, despite oil cuts and geopolitical turbulence, according to PwC’s Economy Watch

The latest PwC Middle East Economy Watch, released today, indicates that the regional economy remains resilient despite challenges from oil cuts and geopolitical turbulence. The non-oil sector's growth is anticipated to stay robust, buoyed by a stronger-than-expected non-oil GDP performance in 2023 ...

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Business & Money | Monday 1 April, 2024 12:19 pm

Exploring the Vibrant Real Estate Landscape in the UAE: A Deep Dive into Biltmore Sufouh and Beyond

The United Arab Emirates (UAE) has long been synonymous with architectural innovation, luxury living, and a forward-thinking approach to urban development. Among the jewels in its crown is "Biltmore Sufouh," a testament to the country's ambition and its role as a hub for high-end real estate. This...

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Business & Money | Monday 1 April, 2024 11:03 am

Dubai Land Department establishes first phase of strategic partnerships to support ‘Dubai Real Estate Programme’

Dubai Land Department (DLD) has initiated the initial phase of a sequence of strategic collaborations with nine developers to fortify the “Dubai Real Estate Programme”. This endeavour underscores DLD’s dedication to nurturing a proficient citizenry adept in professional ethics and principles, ...

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Business & Money | Monday 1 April, 2024 10:57 am

ADNOC Gas Shareholders approve $3.25 billion dividend for 2023

ADNOC Gas plc and its subsidiaries, held its first Annual General Meeting (AGM) since its landmark initial public offering (IPO) in March 2023. During the AGM - chaired by Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of ADNOC Gas - shareholders approved...

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Business & Money | Monday 1 April, 2024 10:18 am

Master Works unveils brand new subsidiary Adree, a path to digital excellence

Leading Saudi data management & digitalization company Master Works unveils a brand new digital arm through the launch of subsidiary Adree.   As a visionary tech-driven company with offices in Saudi Arabia, where it is headquartered, Adree is on a mission to become a digital...

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