Business & Money | Tuesday 12 December, 2023 9:05 am

PIF sets up Dan Company to specialize in agri, ecotourism

The Public Investment Fund (PIF) announced today, Dec. 11 the establishment of Dan Company, specializing in agritourism and ecotourism. The company plans to develop unique tourism projects around cities across Saudi Arabia with attractive natural and farmed landscapes.   Dan aims to...

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Business & Money | Tuesday 12 December, 2023 9:03 am

First Mills pays SAR 6.3M fine for GFSA

First Milling Co. (First Mills) said it paid, on Dec. 11, SAR 6.3 million fine to the General Food Security Authority (GFSA) regarding the lawsuit filed by the authority against the company for the violations arising from the implementation of the provisions of the Flour Mills Law. The step...

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Business & Money | Tuesday 12 December, 2023 9:01 am

Saudi Arabia tops G20 in growth of foreign tourists in 9M 2023

Saudi Arabia topped the G20 countries in terms of growth in number of international tourists, rising 50% in the first three quarters of 2023 compared to the same period in 2019.   The Kingdom came in second place globally in terms of the growth rate of international tourists...

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Environment & Energy | Tuesday 12 December, 2023 9:00 am

SABIC CEO: Chemical industry recovery in 2024 remains unclear amid weak outlook

Saudi Basic Industries Corp.’s (SABIC) CEO Abdulrahman Al-Fageeh said this year was a misfortune for the chemical industry, noting that it is unclear whether the industry will recover next year or not as the prospects for the global economy continue to weaken, according to Bloomberg. SABIC's ...

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Tourism & Hospitality | Monday 11 December, 2023 3:59 pm

Acclaimed Anatolian restaurant Rüya Riyadh launches authentic Turkish brunch

Taking Turkish cuisine in Saudi Arabia to exciting new heights, Rüya Riyadh has launched its first Turkish brunch, inviting guests into a world of authentic and indulgent cuisine, Turkish hospitality and rich culinary traditions and heritage. Translating to Dream in Turkish, Rüya aims to...

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Business & Money | Monday 11 December, 2023 10:11 am

Rents to be accepted only via Ejar from Januray: REGA spokesman

The spokesman for the Real Estate General Authority (REGA), Tayseer Al-Mufarrej, revealed that as of January, rents will only be accepted via Ejar platform. In an interview with Al-Arabiya TV channel, Al-Mufarrej pointed out the step aims...

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Business & Money | Monday 11 December, 2023 10:09 am

Sharakat program helped building 160,000 housing units: Vice-Minister

The Ministry of Housing’s partnership with the private sector (Sharakat) helped building over 160,000 residential units at total investments of SAR 100 billion, CNBC Arabia reported, citing Abdullah AlBudair, Vice-Minister at Ministry of Municipal, Rural Affairs and...

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Business & Money | Monday 11 December, 2023 9:52 am

NDMC concludes arranging syndicated international loan worth $11B

The National Debt Management Center (NDMC) completed the arrangement of a syndicated international loan worth $11 billion.   A total of 14 international financial institutions from Asia, the Middle East, Europe, and the US participated in the 10-year loan, NDMC said in a statement...

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Culture & Education | Monday 11 December, 2023 9:51 am

British Council Expands Access to English Language Education in KSA at Downe House Riyadh School

This week marked a significant announcement as the British Council joined forces with Downe House Riyadh School to announce the expansion of English language education. The signing ceremony was attended by notable figures, including Lloyd Anderson, the Director of the British Council, and His...

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Environment & Energy | Monday 11 December, 2023 9:47 am

From Digital Twin Transition to Climate Neutrality - Estonian Roadmap Unveiled at COP28

Estonia's Ambitious Climate Roadmap: -80% GHG Reductions by 2035 and 100% Renewable Energy by 2030"Innovative Powerhouse: 13 Estonian Companies Unveil Trailblazing Solutions, From Waste-to-Resource Initiatives to AI-driven Sustainability, in Global Climate Summit Dubai, 11 December 2023:...

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