Business & Money | Wednesday 14 August, 2024 6:17 pm

KPMG promotes Turki Alajmi to Partner in Defense and Security

KPMG announced the appointment of Turki Alajmi as Partner within its Defense and Security team in Saudi Arabia. Theappointment is testament to KPMG's growing commitment to servicing the Defense industry with advisory capabilities.   Turki brings over 15 years of professional...

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Business & Money | Wednesday 14 August, 2024 12:41 pm

Bonyan REIT finalizes ownership transfer for SAR 225M office tower in Riyadh

Saudi Fransi Capital Co., the fund manager of Bonyan REIT Fund, announced that the latter finalized the ownership transfer for an office tower in Al Sahafa District, Riyadh, according to a Tadawul filing.   This came following the completion of the property’s development works and...

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Business & Money | Wednesday 14 August, 2024 12:40 pm

National Building raises financing limit with Riyad Bank

National Building and Marketing Co. (NBM) signed an agreement to increase the limit of its Shariah-compliant banking facilities granted by Riyad Bank by SAR 90 million.   The financing duration is 24 months, with guarantees provided based on previously approved bank terms, the...

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Business & Money | Wednesday 14 August, 2024 12:26 pm

Abu Dhabi Securities Exchange (ADX) Signs Memorandum of Understanding with Armenia Securities Exchange (AMX)

Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, announced today that it has signed a memorandum of understanding with the Armenia Securities Exchange (AMX), based in Yerevan, Armenia, to collaborate on a number of key initiatives.  The MoU...

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Business & Money | Wednesday 14 August, 2024 12:23 pm

'Vilal Housing' Welcomes UAE Government's Efforts in Approving 2,618 Housing Permits Valued Over AED 2BN for Half One of 2024

'Vilal Housing', the leading organization specializing in the development of housing solutions for UAE citizens, praises the efforts of the UAE Government in enhancing residential stability for citizens by approving 2,618 housing permits worth over AED 2billion during the first half of...

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Business & Money | Wednesday 14 August, 2024 12:20 pm

ACWA Power signs PPA for floating solar PV project in Indonesia

ACWA Power Co. signed a power purchase agreement (PPA) for the Saguling floating solar photovoltaic (PV) project in Indonesia with PT Perusahaan Listrik Negara- Persero or (PLN), Indonesia’s sole state-owned electricity utility. In a statement to Tadawul, the company said the Saguling...

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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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