Business & Money | Sunday 18 February, 2024 8:12 am

Details of tax rules for regional headquarters in Saudi Arabia

Umm Al-Qura newspaper published on Feb. 16 the tax rules for regional headquarters (RHQ), which include the provisions related to the tax incentives granted to RHQ.   The rules will be effective as of their publication date.   Under the rules, the RHQ that meet the...

More Details

Business & Money | Sunday 18 February, 2024 8:10 am

Advanced seals $191M EPC contract for isopropanol plant

Advanced Petrochemical Co. signed EPC contracts to build the isopropanol plant in Jubail Industrial City using the manufacturing tech from Germany’s Thyssenkrupp at a total value of $191.26 million (SAR 717.23 million). In an emailed statement to Argaam, Advanced said the project will...

More Details

Business & Money | Sunday 18 February, 2024 8:08 am

PPG’s joint venture Sigma Paints Saudi Arabia receives MECOC Expo Gold Sponsorship

PPG (NYSE: PPG) today announced that its Sigma Paints Saudi Arabia (SPSA) joint venture was honored with the prestigious MECOC Expo Gold Sponsorship and Speaker Appreciation Awards at the recent Middle East Metallurgy Corrosion & Coatings Expo (MECOC) in Abu Dhabi. The awards recognize the...

More Details

Business & Money | Saturday 17 February, 2024 4:11 am

Tenaris unveils its industrial complex in Abu Dhabi Industrial City

Tenaris, a leading global steel pipe manufacturer and supplier, inaugurated its new Abu Dhabi industrial complex, Etihad Tubulars, with a US$60 million investment. This industrial complex underscores the robustness of the company’s long-standing partnership with ADNOC and reaffirms its commitment ...

More Details

Business & Money | Saturday 17 February, 2024 3:51 am

UAE's nuclear and radiation sector boasts over 20,000 employees: Hamad Al Kaabi

The UAE celebrates over 20,000 trailblazers shaping the future in the nuclear and radiation sector. This is not just a number, it's a testament to the country's ambitious vision and dedication to empowering generations. Ambassador Hamad Al Kaabi, UAE's Permanent Representative to the...

More Details

Business & Money | Saturday 17 February, 2024 3:35 am

AED3.4 billion generated in property sales through ADJD's Auction App

Since its launch in June 2022 through mid-February 2024, the Abu Dhabi Judicial Department's (ADJD) Auction App has generated over AED3.4 billion in sales. In more detail, 333 properties worth AED3,401,835,871, have been sold in addition to 1013 vehicles valued at AED78,277,025, jewellery...

More Details

Business & Money | Saturday 17 February, 2024 3:25 am

8,080 Saudi families move to first homes in January: Sakani

Sakani Program announced that more than 12,000 Saudi families benefitted from the program in January, while 8,080 families moved to their first homes in the same period.   In mid-January, Sakani Program announced that 101,230 families benefited from the program in 2023, during which...

More Details

Business & Money | Saturday 17 February, 2024 1:59 am

Almarai Wins "Internal Communications Brilliance Awards"

Within the Internal Communications Brilliance Awards framework, Almarai has secured two prestigious awards from the "Internal Communications Brilliance Awards," globally recognized for honoring organizations that demonstrate excellence in internal communication. Almarai has been awarded the Gold...

More Details

Business & Money | Saturday 17 February, 2024 1:42 am

“Uppercase Legal Advisory” To Launch Practice in Saudi Arabia

Uppercase Legal Advisory, a leading international law firm, today unveiled plans to launch the practice in Riyadh, Saudi Arabia in the second quarter of 2024. The Saudi office is part of the company’s MENA expansion strategy.Saudi Arabia has witnessed a significant increase in its legal and...

More Details

Business & Money | Friday 16 February, 2024 3:12 am

Industrial sector's local content to rise in 2024: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that the percentage of local content in the Saudi industrial sector is expected to soar in 2024, as the level of demand with major companies of the Public Investment Fund (PIF) and mega projects, including ROSHN, Qiddiya and The Red...

More Details