Business & Money | Wednesday 14 August, 2024 12:12 pm

CENOMI CENTERS RECORDS HIGH H1-24 LEASE DEMAND AND RECORD FOOTFALL

Cenomi Centers, the largest owner, operator and developer of contemporary lifestyle centers in Saudi Arabia, continues to demonstrate strong business performance and high demand for space across its 22 centres with 1,306 leases renewed in the first half of 2024, with 235 brands being onboarded in...

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Culture & Education | Wednesday 14 August, 2024 12:08 pm

Zayed University Welcomes More Than 1700 New Students for the 2024/2025 Academic Year

Zayed University (ZU) is proud to announce that it will welcome more than 1700 new students in the 2024/2025 academic year, highlighting the university’s reputation for excellence and its growing appeal to students seeking a top-tier education.  This increased enrolment follows the...

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Government | Wednesday 14 August, 2024 12:04 pm

Industrial sector to save SAR 4-5B annually from expat fee waiver: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that extending the coverage of the financial compensation required for expat workers in the industrial sector will save about SAR 4 to 5 billion annually. Alkhorayef added in an interview with Al Arabiya that this value is huge...

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Government | Wednesday 14 August, 2024 12:03 pm

Cabinet approves extending expat fee waiver for industrial sector employees

The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, approved today extending the state's coverage of the financial compensation required for expat workers in industrial establishments until December 31, 2025.   In September 2019, the Cabinet approved the state's coverage...

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Business & Money | Wednesday 14 August, 2024 11:53 am

NWC launches 20 water and environment projects in Riyadh region at about SR 1 billion

 The National Water Company (NWC), represented by the Central Cluster, announced the start of the implementation of 20 water and sanitation projects in the Riyadh region. The total length of the pipes and networks exceeds 1300 km at a total cost of nearly one billion Saudi Riyals. These...

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Technology & IT | Wednesday 14 August, 2024 10:46 am

Trending Social Media Movement Driven by Athletes Spotlights ALS Challengers

A trending social challenge has raised significant awareness for the ALS community, serving as a catalyst for the advancement of accessible technology. Paying tribute to the quiet courage of those enduring daily battles, the #HONORtheChallenger hashtag has gained widespread attention on social...

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Business & Money | Wednesday 14 August, 2024 10:23 am

Bayanat reports revenue of AED273 million in H1 2024

Bayanat (ADX: BAYANAT), a leading AI-powered geospatial solutions provider, today announced its continued solid financial results for the first half of 2024. Over the first half of 2024, Bayanat’s revenue reached AED273 million, an 18% increase year-over-year. Q2 revenue increased 23%...

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Business & Money | Wednesday 14 August, 2024 10:12 am

China delivers largest overseas offshore oil platform to Saudi Arabia

China's heaviest offshore oil and gas platform destined for overseas markets was completed and delivered at a production facility in Qingdao, East China's Shandong Province, major Chinese oil company CNOOC said on Monday, the day of delivery.The completion of the Marjan oil and gas collection and...

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Business & Money | Wednesday 14 August, 2024 10:04 am

China's CEEC signs $972M contract to build solar power plant in Saudi Arabia

China Energy Engineering Corporation (CEEC) signed a contract worth 6.98 billion yuan ($972 million) to build a solar power plant in Saudi Arabia, Reuters reported. The joint venture (JV) partners include CEEC, the Public Investment Fund (PIF), ACWA Power, and Saudi Aramco Power Co....

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Business & Money | Wednesday 14 August, 2024 9:52 am

TAQA Group Reports AED 4.4 billion Net Income for H1 2024

Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, reported its earnings for the period ending 30 June 2024. TAQA delivered solid financial results, supported by stable returns from...

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