Cars & Autos | Saturday 17 February, 2024 3:13 am

Lucid to offer home charger allowance to boost sales

Lucid Group is trying to ensure that customers have the best possible charging experience, adding that an allowance of SAR 3,750 will be provided to help customers get the Lucid Home Charger available in the Saudi market.   The car maker will also focus on reducing Lucid Air prices,...

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Government | Saturday 17 February, 2024 3:11 am

HRSD Ministry says Feb. 22 official holiday for public, private sectors

The Ministry of Human Resources and Social Development (HRSD) announced Feb. 22 as an official holiday for the public and private sectors, on the occasion of celebrating the foundation of Saudi Arabia, Saudi Press Agency reported.   On Jan. 27, 2022, King Salman issued a royal...

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Business & Money | Friday 16 February, 2024 3:12 am

Industrial sector's local content to rise in 2024: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that the percentage of local content in the Saudi industrial sector is expected to soar in 2024, as the level of demand with major companies of the Public Investment Fund (PIF) and mega projects, including ROSHN, Qiddiya and The Red...

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Tourism & Hospitality | Friday 16 February, 2024 1:09 am

Hajj Minister announces facilities to increase UAE Umrah visitors

Minister of Hajj and Umrah Tawfig Al-Rabiah announced a number of facilities to boost the number of Hajj and Umrah visitors from the United Arab Emirates (UAE). Al-Rabiah stated the UAE residents could now use a multi-entry electronic visa for Umrah, allowing a 90-day stay in the Kingdom...

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Beauty & Style | Friday 16 February, 2024 1:07 am

Real Estate Contributions Law supports financing sector projects, increasing supply: REGA CEO

One of the most important objectives of the Real Estate Contributions Law is to provide financing for real estate development projects that will reflect positively on increasing the sector’s supply and meeting its needs, the Real Estate General Authority’s (REGA) CEO Abdullah Alhammad told...

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Business & Money | Thursday 15 February, 2024 8:54 am

REGA launches e-platform for real estate contributions

The Real Estate General Authority (REGA) launched a new e-platform to receive applications for qualification and licensing of real estate contributions.   The platform will enable developers to obtain the necessary licenses to start real estate contributions through online submission ...

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Business & Money | Thursday 15 February, 2024 8:49 am

ACWA Power fulfills terms to withdraw funding for SAR8.6B PV solar plants

ACWA Power Co. announced the fulfillment of the conditions precedent to the drawdown of the credit facilities to fund Ar Raas 2, Saad 2 and Al Kahfah solar PV projects in central and north Saudi Arabia.   The three large-scale projects have a production capacity...

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Tourism & Hospitality | Wednesday 14 February, 2024 11:57 am

NEOM AND MDLBEAST SET TO UNVEIL A LUXURIOUS BEACH CLUB EXPERIENCE ON SINDALAH ISLAND

NEOM has announced an exciting partnership with the Saudi music entertainment company, MDLBEAST, to open an ultra-modern beach club on NEOM’s luxury island, Sindalah.   The Sindalah Beach Club will offer year-round premium experiences to a diverse range of audiences brought...

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Business & Money | Wednesday 14 February, 2024 9:50 am

Human Capability Development Program explores labor market needs

The Human Capability Development Program (HCDP) is working on a mega project to anticipate the needs of the labor market, CEO Anas AlMudaifer told CNBC Arabia.   He added that this will help narrow the gap between the labor market needs and human capability in the educational and...

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Business & Money | Wednesday 14 February, 2024 9:37 am

Cenomi Centers signs SAR 5.25B credit facilities with multiple banks

Arabian Centres Co. (Cenomi Centers)  signed, on Feb. 13, a Shariah- compliant guaranteed Murabaha credit facility agreement and a revolving murabaha facilities agreement with lower borrowing costs and more flexible covenants compared to existing facilities, with multiple banks and for a total ...

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