Business & Money | Saturday 5 August, 2023 11:52 am

ADNOC Gas reports revenue of AED 38.9 billion in H1 2023

ADNOC Gas today announced its financial results for the three months and six months ended 30th June, 2023 (Q2 2023) and (H1 2023).The Company’s H1 2023 revenue stood at a AED 38.9 billion (US$10.6 billion) compared to Pro Forma Adjusted Revenue of AED 48.8 billion (US$13.3 billion) in H1 2022,...

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Business & Money | Saturday 5 August, 2023 1:55 am

Nile raises $175 mln in round led by Sanabil Investments, stc

Networking startup Nile raised nearly $175 million in a new round led by Sanabil Investments, a subsidiary of the Public Investment Fund (PIF), and March Capital.   In a statement, the company said the new round witnessed the participation of investors from several companies,...

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Government | Saturday 5 August, 2023 1:48 am

ZATCA calls for submitting 'withholding tax returns' before Aug. 10

The Zakat, Tax and Customs Authority (ZATCA) called on establishments subject to withholding tax in Saudi Arabia to submit their tax returns for July, no later than Aug. 10.   The authority said taxpayers should submit their tax returns as soon as possible through its website, to...

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Government | Saturday 5 August, 2023 1:46 am

Saudi gov't seeks public feedback on draft Hajj services providers law

The Ministry of Hajj and Umrah invited the public to send their feedback on the draft Hajj services providers law via Istitlaa platform.   The ministry stated that the law aims to unify the standards of services provided to pilgrims coming from inside and outside the Kingdom. It is...

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Environment & Energy | Saturday 5 August, 2023 1:42 am

OPEC+ panel keeps oil output policy unchanged

OPEC+ Joint Ministerial Monitoring Committee decided today, Aug. 4, to keep the oil output policy unchanged. The panel confirmed the members' commitment to the declaration of cooperation after reviewing oil production data for May and June 2023. The next meeting is scheduled for Oct....

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Business & Money | Friday 4 August, 2023 4:47 pm

EXIM Bank says 2022 credit facilities total SAR 13.6 bln

The Saudi Export-Import Bank (EXIM Bank) offered SAR 13.58 billion credit facilities in 2022, of which requests for export credit insurance and export financing reached SAR 9 billion and SAR 4.58 billion, respectively. According to the bank's annual report, the total amount of requests...

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Business & Money | Friday 4 August, 2023 4:40 pm

NHC offers 12,000 residential units via Sakani platform

The National Housing Co. (NHC) offered 12,000 new residential units for reservation via Sakani platform, at competitive prices starting from SAR 350,000.   The move is part of the company's efforts to provide more integrated housing options across the Kingdom, at affordable prices....

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Environment & Energy | Friday 4 August, 2023 4:38 pm

Oil ticks higher, on track for sixth straight weekly gain

Oil prices edged up on Friday, heading for the sixth straight weekly gain, the longest weekly winning streak in more than one year after both Saudi Arabia and Russia extended the voluntary output cut into next month.   OPEC+ Joint Ministerial Monitoring Committee is scheduled to hold ...

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Government | Friday 4 August, 2023 4:36 pm

Commerce Ministry fines 13 car dealerships for law violations

The Ministry of Commerce announced imposing fines on 13 UK, US, Italian, Chinese, and Korean car dealerships for violating the law.   The violations included not supplying an alternative car or financial compensation for the period when the client did not use the car. They also...

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Government | Friday 4 August, 2023 2:30 am

Dubai Customs shares excellence experience with Al Ain Municipality

As part of its commitment to spreading the culture of excellence and sharing experience with other entities, Dubai Customs, represented by the Strategy and Corporate Excellence Department, received a visiting delegation from Al Ain Municipality to learn about the organization’s experience, best...

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