Business & Money | Sunday 27 August, 2023 9:46 am

Saudi Real Estate Market opens today

Saudi Arabia’s Ministry of Justice will launch the Real Estate Market today, Aug. 27.   In November 2021, the Ministry started the trial operations of the real estate market, including direct transactions, real estate bids, new deals, information on sukuk and mortgages, Argaam...

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Government | Sunday 27 August, 2023 9:44 am

Ministry of Municipal Affairs updates violation fines

The Ministry of Municipal, Rural Affairs and Housing ratified updating the "Schedule of fines for municipal violations". The update supports small and medium enterprises (SMEs) and contributes to limiting regulatory jurisprudence and preserving the rights of all parties to the controlling...

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Business & Money | Sunday 27 August, 2023 9:41 am

QNB opens new branch in Jeddah

Qatar National Bank (QNB) has expanded its presence in Saudi Arabia with the opening of a new branch in Jeddah.   Abdulla Mubarak Al-Khalifa, QNB Group CEO, said that Jeddah is one of the region's most important economic markets, making the new branch a valuable addition that...

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Business & Money | Sunday 27 August, 2023 9:35 am

stc's TAWAL gets approvals to acquires 3 tower firms in Bulgaria, Croatia, Slovenia

stc said its subsidiary Telecommunications Towers Co. (TAWAL) received all the necessary approvals to acquire a portfolio of tower assets from United Group, which includes sites in Bulgaria, Croatia and Slovenia. Accordingly, the acquisition completed on Aug. 24, the telecom services ...

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Environment & Energy | Sunday 27 August, 2023 9:27 am

Mariam Almheiri: Declaring International Day of Clean Energy inspires countries to adopt solutions to accelerate energy transition

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, stated that the UN General Assembly (UNGA) acknowledging 26th January as the International Day of Clean Energy, is a pioneering step that will encourage countries to adopt solutions aimed at accelerating the transition...

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Business & Money | Saturday 26 August, 2023 3:38 am

Oil rises, heads for second weekly drop

Oil rose today, Aug. 25, but heads for the second weekly decline after ending a seven-week gains last week.   Brent crude for October delivery rose 0.35%, or 30 cents, to $83.66 a barrel at 8:02 am Makkah Time.   The US West Texas Intermediate (WTI) benchmark for...

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Business & Money | Saturday 26 August, 2023 3:34 am

Lumi issues prospectus to list 16.5 mln shares on TASI

Lumi Rental Co. issued today, Aug. 24, its prospectus to float 16.5 million shares, or 30% of its SAR 550 million capital, on the Saudi Exchange (Tadawul). The Capital Market Authority (CMA) approved on March 31, the application submitted by Lumi Rental to float shares on...

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Government | Saturday 26 August, 2023 3:32 am

Saudi Arabia aims to strengthen cooperation with BRICS: Foreign Minister

Saudi Arabia aims to strengthen and advance cooperation with BRICS on the economic level and all other fields, Foreign Minister Prince Faisal bin Farhan said in a speech at the BRICS summit in South Africa.   Saudi Arabia has promising economic potentials, and a...

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Business & Money | Saturday 26 August, 2023 3:25 am

Dubai Maritime Authority launches Maritime Consumer Rights campaign

The Dubai Maritime Authority (DMA) of the Ports, Customs and Free Zone Corporation, today launched a new “Know Your Rights” campaign designed to strengthen the consumer rights of Traders & Beneficial Cargo Owners (BCOs) across one of Dubai’s most important sectors.As a government...

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Government | Saturday 26 August, 2023 3:23 am

UAE joins call for open, inclusive trade during G20 Trade and Investment Ministerial Meeting

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has participated in the G20 Trade and Investment Ministerial Meeting (TIMM) in Jaipur, India, where he joined ministers and trade officials to deliver a slate of proposals to advance global trade and ensure it continues to deliver ...

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