Tourism & Hospitality | Tuesday 13 February, 2024 4:21 pm

RIYADH AIR ELEVATES PLANNING EFFICIENCY THROUGH STRATEGIC PARTNERSHIP WITH SABRE

Riyadh Air, the new national airline of the Kingdom of Saudi Arabia that’s shaping the future of flying, announces a fundamental collaboration with Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry. This strategic partnership...

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Environment & Energy | Tuesday 13 February, 2024 10:10 am

Fundamental shift in energy consumption by 2025: Saudi Aramco CEO

Energy consumption in 2025 will change completely, driven by the interplay of supply and demand, Amin Nasser, CEO of Saudi Arabian Oil Co. (Saudi Aramco), said during the International Petroleum Technology Conference (IPTC).   Saudi Aramco is actively delivering on its commitment to...

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Business & Money | Tuesday 13 February, 2024 10:07 am

Fraudulent claims affect pricing of insurance policies: Official

Adel Al-Issa, spokesperson for the insurance sector, said that fraudulent claims and operations increase insurance the payments, premiums,  and operating costs incurred by insurance companies.  He told Al-Eqtisadiah newspaper that this matter, in addition to other...

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Business & Money | Monday 12 February, 2024 9:06 am

MIS to expand capacity of 2 data centers in Dammam for SAR 155.4M

Al-Moammar Information Systems Co. (MIS) received new orders to expand the capacity of two data centers in Dammam, which it shares with Saudi Fransi Capital (SFC), for SAR 155.43 million (including VAT).   This is considered the beginning of the second phase to boost the...

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Business & Money | Monday 12 February, 2024 9:04 am

Riyadh Region Mayor directs establishing real estate department

Prince Faisal bin Ayyaf, Mayor of Riyadh Region, directed the establishment of the general department for real estate development, Saudi Press Agency reported.The move aims to achieve Riyadh’s ambitions in the real estate sector, which is one of the key sectors in...

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Government | Monday 12 February, 2024 8:59 am

Saudi Arabia opens Hajj 2024 registration for domestic pilgrims

The Ministry of Hajj and Umrah opened registration for Hajj season 2024 to domestic pilgrims in the Kingdom, including both citizens and regular residents.   The ministry allows registration through its website or Nusuk application, it noted on its X official account. ...

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Cars & Autos | Sunday 11 February, 2024 8:22 am

Lucid to announce CBU production in Saudi Arabia soon

Lucid Motors Co. plans to announce the second phase of production in Saudi Arabia soon, Al Eqtisadiah reported, citing Firas Kandalaft, Marketing Director, Middle East.   In the second phase, Lucid will shift to complete build unit (CBU) production of some models at its facility in...

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Business & Money | Sunday 11 February, 2024 8:20 am

Saudi Chemical to unveil some projects in coming period: CEO

Saudi Chemical Company Holding (SCCH) will reveal some projects in the coming period once the related feasibility studies are completed, Al-Eqtisadiah newspaper reported, citing CEO Thamer AlMuhid.   SCCH plans localization of 85% of industry inputs, whether explosives for civil or...

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Business & Money | Saturday 10 February, 2024 1:04 am

GAMI has 70 supply chains investment opportunities worth SAR 240B with US: Governor

The General Authority for Military Industries (GAMI) has identified 70 supply chains investment opportunities with the US, Al Eqtisadiah newspaper reported, citing Governor Ahmed Al-Ohali.   He added that the investment opportunities range from SAR 200 to 240...

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Business & Money | Saturday 10 February, 2024 12:14 am

Linking industrial cities to train network will boost logistics ops: Alkhorayef

Linking the industrial cities in Riyadh and Eastern Province to the train network will contribute to boosting the efficiency of logistics operations in the industrial sector, said Minister of Industry and Mineral Resources Bandar Alkhorayef.   He added that this will also open new...

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