Business & Money | Sunday 4 May, 2025 10:26 am

Al Arabia inks SAR 563.2M ad-lease deal for Riyadh Bus with revenue sharing

Arabian Contracting Services Co. (Al Arabia) signed an investment and leasing agreement on May 1 with the Royal Commission for Riyadh City (RCRC) for interior advertising spaces across the King Abdulaziz Project for Riyadh Public Transport, covering both trains and buses. According to a...

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Business & Money | Sunday 4 May, 2025 9:12 am

SEDCO Capital REIT signs MoUs to buy 4 office complexes in Riyadh

SEDCO Capital REIT Fund signed on May 1 two memorandums of understanding (MoUs) to acquire four office complexes in Riyadh, SEDCO Capital, the fund manager, said in a statement to Tadawul. Under the first MoU, SEDCO Capital said the target property is in final stages of finishing. It will be...

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Business & Money | Sunday 4 May, 2025 8:35 am

Al Arabia’s unit signs SAR 309.6M contract for billboards in Jeddah

Arabian Contracting Services Co. (Al Arabia) announced that its wholly owned subsidiary, Faden Media, signed a contract worth SAR 309.6 million to construct, operate, and maintain billboards on vacant land located along major roads in Jeddah (the first contract). The contract spans seven...

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Environment & Energy | Sunday 4 May, 2025 7:13 am

Masdar Drives New Era of Growth for TERNA ENERGY as Greece’s Largest Renewables Company Delists from ATHEX

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, announced today its subsidiary TERNA ENERGY has completed its delisting from the Athens Stock Exchange, following Masdar’s acquisition of 100 percent of the company’s stock last month.  A delegation led...

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Environment & Energy | Saturday 3 May, 2025 9:08 am

NWC Wins Second Place in Excellence Award for Local Content Preference

The National Water Company (NWC) won second place in the Excellence Award for Local Content Preference for State-Owned Companies at the third edition of the Local Content Award presented by the Local Content and Government Procurement Authority (LCGPA) in Riyadh on Wednesday, April 30,...

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Business & Money | Saturday 3 May, 2025 9:06 am

PIF completes pricing $1.25B sukuk

The Public Investment Fund (PIF) announced the completion of pricing sukuk worth $1.25 billion (approximately SAR 4.7 billion). The proceeds from the dollar-denominated sukuk issuance will be used for the fund's general purposes. The seven-year sukuk was more than 6.5 times...

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Business & Money | Saturday 3 May, 2025 9:05 am

Saudi incurs ‘limited’ trade war impact, holds edge amid presence in global markets: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said the aftermath of the ongoing global trade war and geopolitical tensions poised a “limited impact” on Saudi Arabia, compared to many other countries.   Addressing the press on the sidelines of the third edition of...

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Business & Money | Saturday 3 May, 2025 9:03 am

Gold delivers highest return among major assets YTD, oil biggest loser: El-Erian

Economist Mohamed El-Erian shared his monthly update on the performance of major asset classes, noting that while April was a down month for most, these asset classes largely recovered by the end of the month.   In a post on X, President, Queens' College, wrote: “A few assets...

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Government | Saturday 3 May, 2025 8:52 am

National Human Rights Institution Conducts Introductory Visit to Sharjah Police General Headquarters

 As part of its ongoing efforts to strengthen institutional cooperation and advance human rights principles in the United Arab Emirates, the National Human Rights Institution (NHRI) conducted an introductory visit to the Sharjah Police General Headquarters. His Excellency Major General...

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Tourism & Hospitality | Saturday 3 May, 2025 8:48 am

ATM 2025 sets a new benchmark with over 55,000 attendees, marking 16% year-on-year growth

 Arabian Travel Market (ATM), the leading global event for the travel and tourism sector, has welcomed more than 55,000 industry professionals from 166 countries, representing a 16% increase on last year’s edition. The event has showcased over 2,800 exhibiting companies, with 19% from the...

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