Business & Money | Tuesday 6 June, 2023 4:15 pm

NEOM secures SAR 21 bln investments to build workforce residential communities

NEOM announced today, June 6, that it has finalized contracts with investors for the first phase of its residential communities’ expansion, a social infrastructure project that will house the region’s growing workforce.The agreement amounts to a total value of over SAR 21 billion, NEOM said in...

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Tourism & Hospitality | Tuesday 6 June, 2023 2:47 pm

SAUDIA and Panasonic Avionics Sign Major Agreement for Astrova IFEC Solution

Saudi Arabian Airlines (SAUDIA), the national flag carrier of Saudi Arabia, and Panasonic Avionics Corporation (Panasonic Avionics), the world’s leading supplier of In-flight Entertainment and Communication Systems (IFEC), have signed an agreement for the installation of Astrova on ...

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Sports | Tuesday 6 June, 2023 9:32 am

8 sports clubs become firms owned by development bodies

The Ministry of Sports announced the clubs included in the first track of the sports clubs investment and privatization project. Al Ittihad, Al Ahli, Al Nassr, and Al Hilal, are transformed into companies, each of which is owned by the fund and non-profit foundations...

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Tourism & Hospitality | Tuesday 6 June, 2023 8:52 am

SAUDIA Representative Appointed as Member of IATA’s Security Advisory Council

The International Air Transport Association (IATA), re-elected His Excellency Engineer Ibrahim Al-Omar, Director General of SAUDIA Group as a member of the Board of Governors for a three-year term. In addition, the IATA has appointed Captain Mohamed Dahduli, Vice President of Safety, Aviation...

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Sports | Monday 5 June, 2023 1:40 pm

HRH Saudi Crown Prince Unveils Sports Clubs Investment and Privatization Project

Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, announced the launch of a bold investment and privatization project upon completing the implementing procedures of the first stage. The project aligns with the ambitious objectives of Saudi sports...

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Environment & Energy | Monday 5 June, 2023 11:23 am

Standard Chartered and Larsen & Toubro issue first-ever green guarantee in the Kingdom of Saudi Arabia

Standard Chartered has issued the Kingdom's first-ever green guarantee for Larsen and Toubro (L&T), a global leader in engineering, procurement, and construction (EPC) projects. The green guarantee is issued for the green hydrogen project development at NEOM where L&T Saudi Arabia will work ...

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Government | Monday 5 June, 2023 10:03 am

SPGA clarifies controls for real estate allocation, transfer between govt agencies

The State Properties General Authority (SPGA) stated that the controls for the allocation, recovery, and transfer of real estate between government agencies aim to regulate this issue, without prejudice to the relevant regulations, orders, decisions, and agreements. In a press release, SPGA...

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Business & Money | Monday 5 June, 2023 9:57 am

Elm in initial talks to acquire PIF stake in Thiqah

Elm Co. is in preliminary talks with Thiqah Business Services Co. to buy Public Investment Fund’s (PIF) entire ownership in Thiqah, the Tadawul-listed firm said in a statement. These talks do not imply that the acquisition deal will be concluded, it added. An agreement between both...

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Sports | Monday 5 June, 2023 8:43 am

Next World Forum returns for its second edition

The biggest names in the world of international gaming and esports will gather in Riyadh for the second edition of the Next World Forum, a major global industry gathering created to shape the future of the rapidly evolving sector through knowledge exchange, discourse and debate. This year’s...

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Environment & Energy | Monday 5 June, 2023 8:22 am

Ministry of Energy: Saudi Arabia will implement an additional voluntary cut in its production of crude oil

Ministry of Energy: Saudi Arabia will implement an additional voluntary cut in its production of crude oil, amounting to one million barrels per day, starting in July for a month that can be extended An official source in the Ministry of Energy in the Kingdom of Saudi Arabia announced that, in ...

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