Business & Money | Thursday 6 June, 2024 6:56 pm

Vision Golfe 2024 : Record Attendance Signals Growing French-GCC Commercial Cooperation

 Vision Golfe 2024, held at the French Ministry of Economy, Finance, Industrial and Digital Sovereignty in Paris, has marked a significant milestone in bolstering economic relations between France and the Gulf Cooperation Council (GCC). This year’s edition witnessed unprecedented engagement...

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Tourism & Hospitality | Thursday 6 June, 2024 2:15 pm

DISNEY AND PIXAR’S “INSIDE OUT 2” MAKES HISTORY AS DISNEY’S FIRST-EVER ARABIC CINEMA RELEASE IN SAUDI ARABIA

Get ready for the emotional cinematic ride of a lifetime – in Arabic! Disney and Pixar are set to dazzle cinema audiences with the eagerly awaited film, "Inside Out 2," premiering in Arabic for the first time across theatres in Saudi Arabia on June 13, 2024.  The highly anticipated...

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Environment & Energy | Thursday 6 June, 2024 10:41 am

Energy Minister says oil output to increase gradually over next 3 years

Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, said that oil production would gradually increase beginning in 2025 and continuing for the next three years before returning to 12.3 million barrels in 2028.   Speaking at a panel discussion at the St....

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Business & Money | Thursday 6 June, 2024 10:04 am

Budget Saudi issues shareholder circular on issuing new shares to acquire AutoWorld 77

United International Transportation Co. (Budget Saudi) issued today, June 5, the shareholder circular with regard to raising capital by issuing new shares, for the purpose of fully acquiring Al Jazira Equipment Co. Ltd. (AutoWorld). The company will increase capital from SAR 711.67...

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Business & Money | Thursday 6 June, 2024 10:01 am

2024 marks a break through for sustainability in the GCC, PwC report

 PwC Middle East’s recent sustainability report reveals that companies in the Middle East are increasingly making sustainability a priority in their corporate agenda. Four in five executives (79%) stated that they now have a formal sustainability strategy in place, with over half of them...

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Business & Money | Thursday 6 June, 2024 10:00 am

Unusual Payroll Enhances Global Mobility with Comprehensive Solutions

The business environment has become increasingly globalized in recent years, leading to companies expanding their borders, workforce, and clientele to new countries and regions. This is, however, no small feat. Internationalizing a business is time-consuming, costly, and complex. To ensure it is...

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Business & Money | Thursday 6 June, 2024 9:56 am

SISCO Holding's Tawzea wins SAR 33M water supply contract for Trojena Dam

Sustained Infrastructure Holding Co. (SISCO Holding) announced that its subsidiary, International Water Distribution Co. (Tawzea), clinched a SAR 33 million contract from WEBUILD S.P.A. Saudi Arabia, entailing supplying one million cubic meters of water to Trojena Dam. In a statement to...

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Cars & Autos | Thursday 6 June, 2024 9:40 am

SAUDI ARABIA POISED FOR EV BOOM AS USA, EUROPEAN MARKETS STAGNATE, ALIXPARTNERS STUDY FINDS

 7 in 10 residents of Saudi Arabia are "very" or "moderately" likely to purchase a battery-electric vehicle (BEV), a figure that is projected to rise to 85% by 2035, indicating significant growth potential for BEVs in the country over the coming years. In China, the world’s largest...

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Government | Thursday 6 June, 2024 9:38 am

Dubai Courts signs cooperation agreement with the Supreme Legislation Committee to develop the legislative framework.

Dubai Courts have signed a memorandum of understanding with the Supreme Legislation Committee in Dubai, with the aim of enhancing cooperation and integration in the field of legislative structure development, achieving justice and transparency in the judicial system, supporting the legal framework...

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Business & Money | Thursday 6 June, 2024 9:28 am

RIYADH AIR AND CHINA EASTERN AIRLINES SIGN MoU AT IATA AGM IN DUBAI, FOSTERING MUTUALLY BENEFICIAL CONNECTIVITY AND DIGITAL INNOVATION

Riyadh Air, Saudi Arabia's new digitally native airline, took a significant step forward in its future entry into the key Chinese market by signing a Memorandum of Understanding (MoU) with China Eastern Airlines, a leading global airline based in Shanghai, at the International Air Transport...

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