24 Jumada I 1446 - 25 November 2024
    
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Eye of Riyadh

Sharjah Chamber of Commerce and Industry explores opportunities for investment, economic partnerships with Hong Kong
Tourism & Hospitality | Monday 29 April, 2024 9:57 am
Sharjah Chamber of Commerce and Industry (SCCI) has engaged in high-level discussions with an economic delegation from Hong Kong General Chamber of Commerce (HKGCC) to explore potential avenues of investment cooperation between the two sides.The discussions delved into the viable opportunities...
Fujairah Government participates in World Energy Congress' roundtable in Rotterdam
Environment & Energy | Monday 29 April, 2024 9:53 am
A delegation from the Fujairah Government participated in a Ministerial, CEO and Mayors' Roundtable, as part of the World Energy Leaders' Dialogue series, which was held on the sidelines of 26th World Energy Congress in Rotterdam, the Netherlands, from 22 to 25 April. The roundtable was...
NEOM seals SAR 10B credit facility deal
Business & Money | Monday 29 April, 2024 9:44 am
NEOM announced it obtained fresh credit facilities worth SAR 10 billion ($2.67 billion), Reuters reported. The credit facility, which is based on the Murabaha structure, aims to support the stages of work progress in the main projects namely The Line, Oxagon, Trojena and Sindalah, Saudi Press...
MESC secures SAR 100M credit facility from Al Rajhi Bank
Business & Money | Monday 29 April, 2024 9:41 am
Middle East Specialized Cables Co. (MESC) secured a Shariah-compliant credit facility worth SAR 100 million with Al Rajhi Bank on April 28, according to a statement to Tadawul. The facility, which runs for one calendar year, will go for financing the company's working capital, it...
NHC inks SAR 1B pact with Spain’s Urbas to build 589 units in Al-Fursan suburb
Business & Money | Monday 29 April, 2024 9:40 am
National Housing Co. (NHC) signed an agreement with Urbas Middle East Real Estate Company, a subsidiary of the Spanish company Urbas, to build 589 housing units in the Al-Fursan suburb, with a value of approximately SAR 1 billion.   The agreement, which was signed in the...
NEOM, Marriott International launch Ritz-Carlton Reserve in Trojena
Tourism & Hospitality | Sunday 28 April, 2024 2:03 pm
Marriott International signed an agreement with NEOM to open its second Ritz-Carlton Reserve in Saudi Arabia. Anticipated to open in Trojena, a year-round mountain destination located in the northwest region of the country, the property will offer a complete escape into a private world of...
REGA issues 33 off-plan sales licenses in Q1 2024 for 13,907 units
Government | Sunday 28 April, 2024 1:59 pm
The Real Estate General Authority (REGA) issued 33 off-plan sales licenses in Q1 2024 to provide 13,907 new units available in the market. REGA’s Official Spokesperson, Tayseer Al-Mufarrej, said that there are 153 qualified developers engaged in real estate development activities across ...
Aramco, Rongsheng explore new opportunities in Saudi, China
Environment & Energy | Sunday 28 April, 2024 1:55 pm
Saudi Aramco is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery Co. (SASREF) with Chinese partner Rongsheng Petrochemical Co. Ltd. (Rongsheng) and significant investments in the Saudi and Chinese petrochemical sectors, in partnership with...
Azizi Developments, Dezign Technic partner for Azizi Venice
Business & Money | Sunday 28 April, 2024 1:31 pm
Azizi Developments, a leading private developer in the UAE, has announced its partnership with Dubai-based design consultant firm Dezign Technic for signage and wayfinding designs in its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. DezignTechnic,...
Mohammed bin Rashid approves designs, start of work on new AED128 billion
Government | Sunday 28 April, 2024 12:36 pm
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the strategic plan of the Dubai Aviation Engineering Projects and approved designs for the new passenger terminal at Al Maktoum International Airport, which will be the largest in the...
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