Business & Money | Wednesday 10 April, 2024 5:26 am

Inbound containers rise 12.5% in March: MAWANI

The Saudi ports reported a 12.48% increase in the number of inbound containers to 265,148 TEUs in March, compared to 235,738 TEUs in the same month last year.   In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers also rose by...

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Sports | Tuesday 9 April, 2024 1:57 am

Saudi Sports for All Celebrates Tremendous Success of Ramadan Tournaments

Saudi Sports for All (SFA) proudly announces the resoundingsuccess of its series of Ramadan tournaments, culminating in an unprecedented celebration ofsportsmanship, community, and healthy living across the Kingdom.The SFA Ramadan Domes tournament, held in Dammam, witnessed an...

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Business & Money | Tuesday 9 April, 2024 1:52 am

Olayan, Lunate acquire stakes in ICD Brookfield Place

Investment Corporation of Dubai (ICD) and Brookfield Corporation (Brookfield) today announced an agreement with Olayan Financing Company and Lunate for the sale of a 49 percent stake in ICD Brookfield Place (ICDBP), a world-class commercial and retail property located in the Dubai International...

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Business & Money | Tuesday 9 April, 2024 1:38 am

Idle Lands Program says 332M sqm land invoiced in Q1 2024

The Idle Lands Program said that over 332 million square meters (sqm) of land were invoiced in the first and second phases during Q1 2024.   In a statement, the program said it discovered and registered more than 10 sqm of land within the declared areas of cities in the first and...

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Tourism & Hospitality | Tuesday 9 April, 2024 12:51 am

UAE-Saudi Arabia weekly flights soar 13.3% to 383 during Ramadan

Air travel between the UAE and Saudi Arabia is witnessing a noticeable surge amid increasing demand from those wishing to perform Umrah rituals during the holy month of Ramadan, reaching its peak during the last ten days of the holy month. According to the General Civil Aviation Authority's...

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Government | Tuesday 9 April, 2024 12:44 am

Saudi Arabia to celebrate Eid Al Fitr on Wednesday

Saudi Arabia will celebrate Eid Al-Fitr on Wednesday, April 10. It said the crescent of Shawwal was not sighted, adding that the fasting will continue tomorrow.    ...

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Healthcare | Tuesday 9 April, 2024 12:36 am

Naba Alsaha to double bed capacity to 400 in 3 years: Chairman

Naba Alsaha Medical Services Co. plans to double its capacity from 180 beds in 2023 to 400 beds over the next three years, Chairman Abdulwahab Al-Ajroush told Asharq Business.   The company will focus during 2024 on the Riyadh Hospital project and the expansion of Al-Anwar Hospital...

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Cars & Autos | Tuesday 9 April, 2024 12:34 am

China Southern Airlines to start regular flights between KSA, China on April 16: GACA

The General Authority of Civil Aviation (GACA) gave the go-ahead for China Southern Airlines to start regular flights between Saudi Arabia and China, as of April 16, Saudi Press Agency reported. The operational plan includes four passenger/commercial flights and three air cargo flights, GACA...

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Business & Money | Tuesday 9 April, 2024 12:12 am

GAC OKs Hadeed’s acquisition of Rajhi Steel

The General Authority for Competition (GAC) gave the go-ahead for economic concentration between Hadeed and Rajhi Steel.   The approval was made after reviewing Hadeed's request to fully acquire Rajhi Steel, GAC stated on its official X account, noting that the approval was based on...

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Business & Money | Tuesday 9 April, 2024 12:01 am

Saudi Arabia's private equity investments reach $4B in 2023

Saudi Arabia witnessed an increasing interest in private equity investments from 2019 to 2023, MAGNITT said in a recent report. The Kingdom's private equity investments reached a peak of nearly $4 billion in 2023, recording growth for three consecutive years since 2020. Private Equity...

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