Business & Money | Saturday 30 March, 2024 5:32 am

Royal Commission for Makkah City and Holy Sites Reviews Developmental Transformations and Economic Opportunities

The Royal Commission for Makkah City and Holy Sites held a meeting today at Al-Balad Al-Amin Center in Dhahiat Sumou project, with the participation of officials of government agencies and the private sector in Makkah, investors and entrepreneurs.The meeting reviewed the developmental...

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Business & Money | Saturday 30 March, 2024 5:16 am

Lumi holds 10% market share in Saudi, eyes local expansion: CFO

Lumi Rental Co.’s market share in Saudi Arabia increased from 7% in 2021 to range currently between 9% to 10%, CFO Sulaiman Alrasheed told Al-Eqtisadiah newspaper. The company' generates 35% of its revenue from car leases, 33.5% from short-term rentals, while the sale of used cars represents ...

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Business & Money | Saturday 30 March, 2024 5:14 am

Riyadh Air to announce fleet expansion in coming period

Riyadh Air will announce a deal to expand its fleet size in the near future, Osamah Al-Nuwaiser, Vice President of Marketing and Corporate Communications at Riyadh Air, revealed   Expanding and diversifying Riyadh Air’s fleet and integrating it with aircraft from other companies is ...

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Business & Money | Saturday 30 March, 2024 5:11 am

Bank Alfalah offers to buy SNB’s full stake in Samba Pakistan

Pakistan’s Bank Alfalah Limited submitted a non-binding indicative offer to Saudi National Bank (SNB), offering to acquire its entire stake in Samba Bank Pakistan.   In a statement to Pakistan Stock Exchange (PSX) today, March 29, Bank Alfalah said the deal closure depends is...

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Business & Money | Saturday 30 March, 2024 5:10 am

Dubai Electricity and Water Authority PJSC shareholders approve payment of AED 3.1 billion in dividends

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider and majority owner of the largest cooling services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders ...

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Business & Money | Saturday 30 March, 2024 5:06 am

AZIZI DEVELOPMENTS’ FOUNDER & CHAIRMAN, MR. MIRWAIS AZIZI, RECEIVES MEDAL OF HIS HIGHNESS SHEIKH MOHAMMED BIN RASHID AL MAKTOUM FOR PHILANTHROPY

Representing a moment of pride and privelege for Azizi Developments, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, bestowed Mr. Mirwais Azizi, Founder and Chairman of Azizi Developments, with the ‘Medal of His Highness Sheikh...

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Business & Money | Friday 29 March, 2024 5:41 am

Ministry of Finance Publishes Saudi Arabia’s Green Financing Framework

The Ministry of Finance has published the Kingdom of Saudi Arabia Green Financing Framework in one of the Financial Sector Development Program initiatives, to drive the Kingdom toward sustainability and net zero emissions through the Circular Carbon Economy approach.The framework also highlights...

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Business & Money | Friday 29 March, 2024 5:38 am

GASTAT Issues FDI Statistics for Q4 of 2023

The General Authority for Statistics (GASTAT) issued today the Foreign Direct Investment (FDI) statistics for Q4 of 2023, which show that the net flow of FDI in Saudi Arabia amounted to over SAR13 billion, an increase of 16.0%, or SAR11 billion, compared to Q3 of the same year.Total FDI in the...

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Culture & Education | Friday 29 March, 2024 4:58 am

Hamdan Foundation Opens Nominations for the Educational Awards at the Gulf level for the 2024 - 2025 cycle

Hamdan bin Rashid Al Maktoum Foundation for Medical and Educational Sciences announced the commencement of receiving applications for nomination for the Gulf-level educational awards, which include three categories: Distinguished Student Award, Distinguished Teacher Award, and Distinguished School...

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Business & Money | Friday 29 March, 2024 4:54 am

Trakhees” runs more than 22,000 Inspections reporting 450 violations during 2023

the Department of Planning and Development - Trakhees, the regulatory body of the Ports, Customs, and Free Zone Corporation, ramped up its inspection efforts in retail facilities across its designated development zones. These efforts involved over 22,249 inspection tours, leading to the...

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