16 Muharram 1444 - 13 August 2022
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Eye of Riyadh

UAE platform forays into Saudi Arabia, to ramp up staff strength
Business & Money | Sunday 24 July, 2022 11:58 am
UAE-based fitness platform Enhance Fitness is aiming to triple its current trainer base as it announces its launch in Saudi Arabia. In an exclusive interview with Arab News, Enhance Fitness CEO and founder Tarek Mounir said that the platform has around 250 trainers and will be able to reach...
Saudi Investment Bank shareholders set to receive $80m dividends for H1
Business & Money | Sunday 24 July, 2022 11:53 am
The Saudi Investment Bank, known as SAIB, will distribute cash dividends amounting to SR300 million ($80 million) for the first half of 2022. The per-share payout stands at SR0.30 which will be distributed to 1 billion eligible shareholders on Aug. 14, a bourse filing revealed. Last year, ...
Hamdan bin Zayed visits 18th edition of Liwa Date Festival
Business & Money | Sunday 24 July, 2022 9:35 am
Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, hailed the directives and support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan for the Liwa Date Festival as it is one of the most important heritage festivals that celebrate the palm dates product and...
Sharjah rakes in $517m in real estate sale transactions
Business & Money | Saturday 23 July, 2022 3:09 pm
There were 747 real estate sale transactions in Sharjah in June, totaling AED1.9 billion ($517 million), the Emirates News Agency reported.This figure includes 358 mortgage transactions worth AED764 million.“Despite being impacted by the global economic conditions since last February, the sector...
Dubai issues ‘Musataha’ land decree to spur real estate investment
Business & Money | Saturday 23 July, 2022 3:08 pm
Dubai has issued a new law to spur real estate investment through public-private partnerships.Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE, issued the decree that regulates “Musataha” rights on commercial land in Dubai, Emirates News Agency...
Twitter, in Musk fight, posts $270M quarterly loss
Business & Money | Saturday 23 July, 2022 3:06 pm
Twitter reported a quarterly loss Friday as revenue slipped even as its number of users climbed.The social media company’s latest quarterly earnings figures offered a glimpse into how the social media business has performed during a months-long negotiation with billionaire and Tesla CEO Elon Musk ...
Global ranking for 15 Saudi universities
Business & Money | Saturday 23 July, 2022 3:02 pm
The number of Saudi universities in the Academic Ranking of World Universities, also known as the Shanghai Ranking, has risen to 15 from six in the most recent classification. Saudi universities were recognized in 11 scientific disciplines in which they competed for advanced centers. This is...
Saudi Cultural Ministry trains experts in industrial heritage
Business & Money | Friday 22 July, 2022 3:31 pm
The Saudi Ministry of Culture recently concluded the Industrial Heritage Program, a specialized training workshop included in the ministry’s Experts Program. Industrial heritage covers ancient Saudi industrial culture, including technological, social, architectural and scientific...
TikTok Reinforces #SaferForYou Initiative with Parent Creators’ Campaign Highlighting Family Pairing
Business & Money | Friday 22 July, 2022 3:05 pm
TikTok is reinforcing its efforts towards family well-being on the platform as part of their #SaferForYou program, with the launch of a series of elaborate video tutorials across the MENA region by parent creators Logina Salah and Fadi AlKhatib on how to activate and use TikTok’s wide range of...
Saudi Coffee Company and Culinary Arts Commission to cooperate in celebrating Saudi coffee heritage
Business & Money | Thursday 21 July, 2022 1:12 pm
Saudi Coffee Company, a subsidiary of the Public Investment Fund established to transform Saudi Arabia’s Coffea Arabica into a global product, today announced a cooperation agreement with the Culinary Arts Commission, which seeks to promote and preserve Saudi Arabia’s unique and diverse...