Business & Money | Sunday 7 July, 2024 9:32 am

Saudi Reinsurance seals SAR 427.7M binding subscription agreement with PIF

Saudi Reinsurance Co. inked, on July 4, a binding subscription agreement with the Public Investment Fund (PIF), according to a statement to Tadawul.   In accordance with the subscription agreement, the company will increase its capital from SAR 891 million to 1.158 billion, while...

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Business & Money | Sunday 7 July, 2024 8:50 am

Jahez submits request for transition to main market

Nomu-listed Jahez International Company for Information System Technology submitted today, July 7, a request for transition to the Saudi Exchange (Tadawul) through the online portal developed by the regulators, according to a statement on Tadawul. Any updates in this regard will be announced...

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Business & Money | Sunday 7 July, 2024 8:42 am

CATRION inks MoU to purchase 85 high loaders for catering services

CATRION Catering Holding Co. signed, on July 4, 2024, a memorandum of understanding (MoU) with Mallaghan Engineering Ltd in Belfast, Northern Ireland, in order to purchase 85 high loaders dedicated to inflight catering services, for a period of four years (2024 to 2027), according to a statement to ...

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Government | Sunday 7 July, 2024 8:14 am

UAE and Japan discuss the latest developments in the comprehensive strategic partnership and sign a number of memorandums of understanding

His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, met with the Japanese Prime Minister Fumio Kishida. The meeting was attended by His Excellency Dr. Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and His Excellency Shihab Al Fahim, UAE Ambassador...

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Business & Money | Sunday 7 July, 2024 8:13 am

RAKEZ and AHK boost Ras Al Khaimah’s business outlook through networking event for German investors

Ras Al Khaimah Economic Zone (RAKEZ) along with the German Emirati Joint Council for Industry & Commerce (AHK) hosted a successful Business Breakfast in Ras Al Khaimah aimed at fostering networking among German investors and businesses throughout the UAE. Ms. Ute Brunn, Deputy Consul General of ...

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Business & Money | Sunday 7 July, 2024 8:00 am

59% growth of Abu Dhabi non-oil GDP in 10 years

The Abu Dhabi Department of Economic Development (ADDED) organised, in collaboration with the Abu Dhabi Investment Office (ADIO), the third edition of Al Multaqa quarterly meetings, presenting the business community with recent updates on the Emirate’s economy and achievements in the first half...

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Government | Saturday 6 July, 2024 1:47 pm

ZATCA updates rules on exemption of returned goods from customs duties

The Zakat, Tax and Customs Authority (ZATCA) updated the rules related to the exemption of returned goods from customs duties.   This includes updating the requirements related to exempting the returned goods and developing the customs procedures related to goods that are temporarily ...

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Government | Saturday 6 July, 2024 1:45 pm

Saudi issues executive regulations for social insurance law

Mohammed Al-Jadaan, Minister of Finance and Chairman of the General Organization for Social Insurance (GOSI), endorsed the executive regulations for the Social Insurance Law, to become effective from the date of their publication in the Official Gazette on July 5, 2024. ...

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Business & Money | Friday 5 July, 2024 10:54 am

Batic Law Participates in SelectUSA Summit and Signs MOU with Tate Bywater

Batic Law is proud to announce its participation in the SelectUSA Investment Summit, the premier event for business investment in the United States. This summit is a critical platform that connects investors, companies, and economic development organizations (EDOs) to facilitate significant...

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Environment & Energy | Friday 5 July, 2024 10:50 am

Saudi Aramco sets Arab Crude OSP for August

Saudi Aramco maintained August official selling price (OSP) for its flagship Arab Light crude to North America at $4.85 per barrel, above the Argus Sour Crude Index (ASCI).   The Arab Light price differential for buyers in West Europe has been set...

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