Business & Money | Tuesday 7 May, 2024 1:12 pm

Budget deficit ‘intended’; management is govt priority: Al-Jadaan

Saudi Arabia’s budget deficit was “intended”, and the government understands the concerns about its potential impact on the economy, Mohammed Al-Jadaan, Minister of Finance, told Al-Eqtisadiah newspaper.   Managing the budget deficit is one of the government's priorities,...

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Tourism & Hospitality | Tuesday 7 May, 2024 12:52 pm

Saudi Arabia’s New Carrier Riyadh Air and Tourism Authority partner to enhance travel experience for travellers

Riyadh Air, Saudi Arabia’s new world-class airline and Saudi Tourism Authority (STA), have signed a significant memorandum of understanding (MoU) at Dubai’s Arabian Travel Market, that will enhance the travel experience for passengers to and from Saudi Arabia. Riyadh Air aims to fly to over 100 ...

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Business & Money | Tuesday 7 May, 2024 12:08 pm

UAE Ministry of Finance Meets with IMF Article IV Consultation Mission

His Excellency Younis Haji Al Khoori, Undersecretary of the UAE Ministry of Finance, today met with the International Monetary Fund (IMF) Article IV consultation mission, at the Ministry’s headquarters in Abu Dhabi. The meeting was attended by Ali Abdullah Sharafi, Acting Assistant...

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Tourism & Hospitality | Tuesday 7 May, 2024 11:38 am

Tourism projected to account for 12% of UAE GDP this year, as GCC policymakers gather to discuss future of regional travel at ATM 2024

Gulf-wide collaboration, ease of inter-regional travel and infrastructure development were placed under the microscope at Arabian Travel Market (ATM) 2024, which saw a selection of policymakers discuss the streamlining of the GCC’s thriving tourism industry. The 31st edition of ATM is being...

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Tourism & Hospitality | Tuesday 7 May, 2024 11:05 am

SAUDI SHOWCASES SPECTACULAR SUMMER ESCAPES AT ARABIAN TRAVEL MARKET 2024

The Saudi Tourism Authority (STA) marked the start of this year’s Arabian Travel Market (ATM) by showcasing Saudi’s spectacular summer destinations to trade partners - as the country’s tourism sector continues to go from strength to strength. Representatives from Saudi’s booming...

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Tourism & Hospitality | Monday 6 May, 2024 2:17 pm

Stellar USP establishes itself as the definitive purveyor for all hospitality needs in Dubai

The company doubles its growth in 2023 and aims for a larger market share in 2024.Dubai—The UAE has been successful in positioning itself as a leading global destination for both leisure and business travelers. This has undoubtedly had a positive impact on the country’s hospitality sector,...

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Business & Money | Monday 6 May, 2024 8:58 am

Dar Wa Emaar Joins Lumofy's Growing Client Base to Bring Advanced Skill-Building Opportunities

Lumofy, a leading provider of talent management solutions, is thrilled to announce that Dar Wa Emaar, one of the premier real estate companies in Saudi Arabia, has joined Lumofy’s growing customer base. This collaboration marks a significant step forward for both organizations. Lumofy's...

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Culture & Education | Monday 6 May, 2024 8:56 am

THE RED SEA FILM FOUNDATION ANNOUNCES ITS PARTICIPATION AT THE TENTH EDITION OF SAUDI FILM FESTIVAL

As part of its leading role in supporting and promoting the film industry in Saudi Arabia, The Red Sea Film Foundation (RSFF) is proudly announcing its participation in the tenth edition of the Saudi Film Festival, scheduled to take place from 2 to 9 May 2024, at the King Abdulaziz Center for World ...

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Business & Money | Monday 6 May, 2024 8:52 am

Islamic Development Bank, Abu Dhabi Fund for Development, the Bill & Melinda Gates Foundation & Partners Pledge New Support of US$ 219 million to the Lives and Livelihoods Fund

The city of Riyadh, the capital of the Kingdom of Saudi Arabia, has seen the announcement by four global development partners jointly announced an additional US$ 219 million in donor support for total 37 projects in 22 IsDB member countries through the Lives and Livelihoods Fund 2.0 (LLF 2.0). The...

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Government | Monday 6 May, 2024 8:33 am

Sharjah Petroleum Council announces discovery of new reserves at Al Hadiba gas field

The Sharjah Petroleum Council (SPC), a Government of Sharjah undertaking, has announced the discovery of new gas reserves in Al Hadiba field, located north of the Al Sajaa Industrial Area in Sharjah, in promising economically viable quantities.The new field was discovered after the Sharjah National ...

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