Business & Money | Saturday 1 June, 2024 3:57 pm

Dubai Civil Aviation Authority visits China's Meituan Company to Exchange Safety Expertise

A delegation from the Dubai Civil Aviation Authority, led by Ahmed Salem Al Saabri Director Aviation & Airports Safety and Maitha Hadef Al Ali from the Aviation Safety and Environment Sector, paid an official visit to Meituan Company in Shenzhen, People's Republic of China, believing in...

More Details

Business & Money | Saturday 1 June, 2024 3:52 pm

Remat Al-Riyadh inks outdoor advertising investment contracts

Remat Al-Riyadh Development Company, the development arm of the Riyadh Region Municipality and a strategic enabler for private sector involvement in municipal development, has signed the second batch of outdoor advertisement investment contracts, unlocking a total revenue of more than SAR 500...

More Details

Government | Saturday 1 June, 2024 3:51 pm

UAE Participates in GCC Financial and Economic Cooperation Committee Meeting

His Excellency Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, headed the UAE’s delegation at the 121st GCC Financial and Economic Cooperation Committee meeting that took place in Doha on May 30. During the meeting, members approved the UAE’s proposal for measurable...

More Details

Business & Money | Saturday 1 June, 2024 3:42 pm

Makkah Municipality to offer 100 Investment opportunities this year

The Holy Makkah Municipality expected the number of projects and investment opportunities to be offered in Makkah this year to exceed 100. Al-Eqtisadiah newspaper reported that 19 investment projects were offered in the first quarter of 2024. These projects included the development of the...

More Details

Business & Money | Saturday 1 June, 2024 3:41 pm

Aramco completes acquisition of 40% stake in Gas & Oil Pakistan

Saudi Arabian Oil Co. (Saudi Aramco) completed the acquisition of a 40% stake in Gas & Oil Pakistan Ltd. (GO). In a statement, Saudi Aramco said the acquisition represents its downstream retail investment in Pakistan and signals the company’s growing retail presence in high-value...

More Details

Business & Money | Saturday 1 June, 2024 3:36 pm

Saudi Building Code’s executive regulations amended

The Minister of Commerce and Chairman of the Saudi Standards, Metrology and Quality Organization (SASO), Majid Al-Kassabi, approved amendments to the executive regulations of the Saudi Building Code (SBC), which will come into effect from the date of its publication in the official...

More Details

Business & Money | Saturday 1 June, 2024 3:31 pm

Al Saedan Real Estate acquires residential-commercial masterplan in Riyadh for SAR 2B

Al Saedan Real Estate Company announced the acquisition of a residential-commercial masterplan in the northeast of Riyadh, for nearly SAR 2 billion. The acquisition was completed through the establishment of a real estate investment fund in partnership with ANB Capital.   In a...

More Details

Business & Money | Saturday 1 June, 2024 3:29 pm

Additional cases of VAT refund by real estate developers

The official Umm Al -Qura newspaper published today, May 31, additional cases to redeem value-added tax (VAT) by real estate developers.  The developers qualified for VAT redemption who deduct VAT from their purchases of goods or services related to real estate supplies can redeem the tax ...

More Details

Business & Money | Saturday 1 June, 2024 2:51 pm

ACWA Power and Tunisian government sign MoU for major green hydrogen project

Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed a memorandum of understanding (MoU) with the Tunisian Government represented by the Ministry of Industry, Mines and Energy to explore the...

More Details

Business & Money | Friday 31 May, 2024 2:29 am

Neo Space Group (NSG) partners with SES to deliver groundbreaking aviation industry-first inflight connectivity service to the global airline market

 Neo Space Group (NSG), a Public Investment Fund (PIF) global space services company, has joined forces with a global satellite communications operator SES, to bring the SES Open Orbits™ Inflight Connectivity network to the international airlines market. SES Open Orbits™ is an...

More Details