Business & Money | Thursday 9 May, 2024 1:39 am

NWC starts implementation of 46 water and sanitation projects in Riyadh at SR +1.6 billion

The National Water Company (NWC), represented by the Central Cluster, announced that it has started the implementation of 46 water and sanitation projects in the Riyadh region, with lines and networks of more than 2,900 km, at a total cost of more than one billion and 600 million Saudi Riyals (SR). ...

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Tourism & Hospitality | Thursday 9 May, 2024 12:57 am

Saudia and Season Tours sign an MoU for Saudi Arabia's Tourism Enhancement

Saudia and Season Tours have signed a Memorandum of Understanding at the Arabian Travel Market (ATM 2024) in Dubai, establishing their commitment to fostering Saudi Arabia as a global tourism hub. This partnership combines Saudia's extensive air services with Season Tours’ travel experiences,...

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Business & Money | Thursday 9 May, 2024 12:52 am

Saudia Holidays and AlUla Announce Strategic Partnership to Elevate AlUla as a Premier Year-Round Destination

Saudia Holidays in collaboration with AlUla, the ancient oasis city in the northwest of Saudi Arabia, has announced a strategic partnership through a Memorandum of Understanding (MoU) signed at the Arabian Travel Market 2024. This collaboration is set to enhance the travel experience to AlUla,...

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Tourism & Hospitality | Thursday 9 May, 2024 12:34 am

Amsa Hospitality and Radisson Hotel Group extend partnership with the signing of Radisson Hotel Madinah set to open this year

Amsa Hospitality and Radisson Hotel Group are proud to announce the signing of Radisson Hotel Madinah, marking Amsa Hospitality’s and Radisson Hotel Group’s first property in the Holy City of Madinah. Set to be operational by the end of 2024, this newly built hotel demonstrates both...

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Tourism & Hospitality | Thursday 9 May, 2024 12:13 am

HMH Achieves Impressive Expansion in KSA, Adding Over 1,000 Rooms

The Hospitality Management Holding (HMH), pioneer in the hotel management in the Middle East and North Africa, has taken the centre stage in the mega event of Arabian Travel Market (ATM) 2024 ongoing at the Dubai International and Convention Centre. The four-day show, kicked off on May 6 with over...

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Business & Money | Thursday 9 May, 2024 12:02 am

Aqaseem plans Sukuk issuance worth SAR 500M

Aqaseem Factory for Chemicals and Plastics Co.’s board announced, on April 28, its intention to set up a SAR Sukuk program. The company will issue local SAR-denominated, Shariah-compliant Sukuks at a value of SAR 500 million. The funding will be used to serve for the ...

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Tourism & Hospitality | Thursday 9 May, 2024 12:02 am

Saudia Holidays and Mauritius Tourism Promotion Authority Strengthen Ties with MoU Signing at ATM 2024

Saudia Holidays and the Mauritius Tourism Promotion Authority (MTPA) have inked a Memorandum of Understanding (MoU), during the Arabian Travel Market (ATM) held in Dubai, to collaborate on promoting Mauritius as a premier touristic destination for the Kingdom’s residents.  The agreement ...

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Business & Money | Wednesday 8 May, 2024 3:13 pm

The Middle East Low Code No Code Summit 2024 Successfully Concludes, To Return As CODE

 The successful conclusion of two-day summit, The Middle East Low Code No Code Summit 2024 on May 2nd marked a pivotal moment, with over 300 technology leaders, Low-code No-code experts, and government entities converging to explore the forefront of innovation. This gathering provided an...

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Business & Money | Wednesday 8 May, 2024 10:46 am

Al Rajhi Bank plans additional tier-1 sustainable sukuk

Al Rajhi Bank announced its intention to issue USD-denominated additional tier-1 capital sukuk under its international additional tier-1 capital sukuk program, established by the bank on April 18, following the decision of the board of directors on March 25. In a statement to Tadawul, the bank ...

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Business & Money | Wednesday 8 May, 2024 10:21 am

NAHDI RECORDS 7.2% REVENUE GROWTH WITH A 10.3% NET PROFIT MARGIN, EXCEEDING ITS PREVIOUS GUIDANCE

Exceeding its previous guidance, Nahdi Medical Company achieved SAR 2.26 billion in revenue in Q1 2024, representing a 7.2% increase compared to Q1 2023 and 2% increase compared to the previous quarter.  Nahdi's Medicine segment continues to experience solid year-over-year growth, driven...

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