Business & Money | Tuesday 16 April, 2024 8:57 am

Spearheading Commercial Arbitration's Crucial Role in Arab Mega Projects

Dr. Kamal Al Hamad, the Secretary General of the GCC Commercial Arbitration Centre, emphasized the pivotal role of commercial arbitration in guaranteeing the execution of mega projects in alignment with pre-established plans, timelines, and financial commitments agreed upon by all involved...

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Business & Money | Monday 15 April, 2024 2:40 pm

Sulaiman Al Habib EGM to vote on transferring statutory reserve to retained earnings on May 14

Dr. Sulaiman Al Habib Medical Services Group's shareholders will vote on transferring the company's statutory reserve amounting to SAR 1.05 billion, as shown in financial statements for FY ended Dec. 31, 2023, to retained earnings in an extraordinary general meeting to be held on May...

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Business & Money | Monday 15 April, 2024 11:15 am

Budget Saudi inks agreement to acquire 70% of Overseas Development in UAE

United International Transportation Co. (Budget Saudi) signed a sale and purchase agreement to acquire 70% of Overseas Development LLC shares in the UAE. According to a statement to Tadawul, the acquisition amount was based on the financial evaluation of the acquisition, as the value of the...

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Business & Money | Monday 15 April, 2024 10:39 am

Emirates NBD launches Visa credit card for high-net-worth clientele offering premier lifestyle benefits

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has introduced the ‘Priority Banking Visa Infinite Credit Card’, an offering tailored to meet the exclusive lifestyle needs of its affluent Priority Banking clientele. The proposition,...

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Business & Money | Monday 15 April, 2024 10:35 am

Sharjah Ramadan Festival 2024 records AED 400 million in sales

The Sharjah Ramadan Festival 2024, which concluded its 34th edition last night, Saturday, recorded major success in revitalising the retail sector and commercial activity across the emirate's markets. The 37-day event delivered enthralling shopping experiences to Sharjah’s residents and...

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Business & Money | Monday 15 April, 2024 9:37 am

RED SEA FUND ANNOUNCES OPEN CALL FOR PRODUCTION PROJECTS IN ITS SECOND 2024 CYCLE

The Red Sea Fund, a program under the Red Sea Film Foundation, has announced the open call for production projects as part of its second cycle for 2024. Filmmakers from Saudi Arabia, the Arab world, and Africa can submit their applications from April 6 through April 30, 2024This cycle is...

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Business & Money | Monday 15 April, 2024 9:01 am

NADEC reappoints Al-Rebdi as Chairman

National Agricultural Development Co.’s (NADEC) board of directors decided on April 13 to reappoint Abdulaziz Al-Rebdi (non-executive member) as Chairman and Ahmed Shahini (non-executive member) as Vice Chairman. The board also approved the formation of the executive, nomination and...

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Business & Money | Monday 15 April, 2024 8:55 am

Al Kathiri subsidiary wins SAR 21M contract

Al Kathiri Holding Co.'s subsidiary Msandh Al-Emdad Ltd. Co. was awarded on April 9 a project by the Presidency of State Security to construct a building in Riyadh, at a total value of SAR 20.99 million (including VAT), according to a statement on Tadawul.  The project includes the supply ...

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Business & Money | Monday 15 April, 2024 8:45 am

NEOM Hosts Global Contractor Forum to Shape Future Projects

⦁ Over 100 leading global construction companies briefed on the current progress of construction and breadth of opportunities on key projects throughout NEOM.⦁ Nadhmi Al-Nasr, CEO of NEOM, emphasized the progress on the ground, the scale of future opportunities and commitment to collaborating...

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Business & Money | Sunday 14 April, 2024 5:50 pm

Why putting art in the heart of our communities matters to ROSHN

Ghada AlRumayanWhatever form it takes, art is about expressing emotion, communicating ideas, and stimulating thoughts through creativity. Free of necessity, it is perhaps one of the most truly human undertakings and is “indispensable to our quality of life” as noted in Saudi Vision 2030. This...

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