Business & Money | Saturday 8 June, 2024 5:00 am

Housing Minister inaugurates Makkah Gate Suburb

Minister of Municipal, Rural Affairs, and Housing, Majid Al-Hogail inaugurated the Makkah Gate Suburb, the first urban suburb of the National Housing Co.’s (NHC) housing project in the holy city.   NHC stated that the suburb spans an area of over five million square meters (sqm)...

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Government | Saturday 8 June, 2024 4:48 am

HRSD Ministry sets Eid Al-Adha holiday for private, non-profit sectors

The Ministry of Human Resources and Social Development (HRSD) announced today, June 6, the date of Eid Al-Adha holiday for employees in the private and non-profit sectors, starting June 15.   The ministry called for taking into account overlapping cases as stipulated in Article No....

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Business & Money | Saturday 8 June, 2024 4:40 am

Saudia in talks with Airbus, Boeing for wide-body jets

Saudi Arabian Airlines (Saudia) is in talks with Airbus and Boeing over ordering wide-body jets to increase its capacity as planemakers face constraints in production slots of narrow-body aircraft, Abdullah Alshahrani, General Manager, Communication and Media Affairs, told...

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Business & Money | Saturday 8 June, 2024 4:38 am

NHC records highest evet sales of over SAR 3B in May: CEO

National Housing Co. (NHC) reported the highest sales on record in May of more than SAR 3 billion since the start of its projects, CEO Mohammed Al-Buty said in an interview with Al Arabiya.   Demand for the company's developed residential projects is on the rise. He noted that the...

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Business & Money | Saturday 8 June, 2024 4:33 am

Aramco sets final secondary offering price at SAR 27.25/shr

Saudi Aramco set the final price of its secondary offering at SAR 27.25 per share.   The announcement was made by SNB Capital, in its capacity as the lead manager, Citigroup Saudi Arabia, Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, JP Morgan Saudi Arabia Company, Merrill Lynch...

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Business & Money | Friday 7 June, 2024 3:06 pm

ENOC Group’s marine lubricants business records 120% sales growth in Greek market

ENOC Group, a leading integrated global energy player, recorded a 120% growth within its marine lubricant business in Greece during the period of 2022 to 2023. Multiple agreements have contributed to this substantial increase over the last couple of years, which is aligned with the Group’s plans...

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Government | Friday 7 June, 2024 12:35 am

Ajman Department of Finance Enhances Financial Planning Efficiency Among Supervisory Staff in the Emirate’s Government

The Ajman Department of Finance recently organised a workshop titled "Financial Planning for Supervisory Personnel in the Ajman Government." The workshop aimed to equip supervisory personnel in government agencies across the Emirate of Ajman with the skills to plan financial resources efficiently...

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Business & Money | Friday 7 June, 2024 12:31 am

THE RED SEA FILM FOUNDATION LEADERSHIP UPDATE

Following a successful Cannes Film Festival, the Red Sea Film Foundation is announcing a leadership update and the transition of Mohammed Al-Turki from CEO to advisor to the Foundation. Mohammed Al-Turki will continue to support the leadership team while he returns to focus on personal projects and ...

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Tourism & Hospitality | Friday 7 June, 2024 12:16 am

Khaled bin Mohamed bin Zayed meets CEO of Blackstone

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has met Stephen Allen Schwarzman, CEO and Co-Founder of Blackstone, a leading global alternative asset management company that provides services for institutional and...

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Business & Money | Friday 7 June, 2024 12:07 am

du Pay partners with Visa to debut innovative prepaid card in the UAE

du Pay, the advanced digital payment arm of du, made a significant move in advancing digital payments across the UAE by formalizing a partnership with Visa, a world leader in digital payments. This collaboration marks du Pay's entry as a principal member to issue Visa cards, emphasizing its...

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