Business & Money | Friday 24 May, 2024 4:20 am

NCP awards over 60 contracts worth more than SAR 37.5B: Al-Jadaan

The National Center for Privatization & PPP (NCP) has contributed to the awarding of more than 60 privatization and partnership contracts across eight target sectors since its launch, with a capital expenditure exceeding SAR 37.5 billion, Minister of Finance, Mohammed Al-Jadaan,...

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Tourism & Hospitality | Friday 24 May, 2024 2:31 am

ECS showcases its programmes and activities at IMEX Frankfurt 2024

Expo Centre Sharjah (ECS) participated in IMEX Frankfurt 2024, the world’s leading exhibition for meetings and events industry, held at Congress Centre Messe Frankfurt, Germany. During the event, attended by over 3,800 global decision-makers and 2,900 exhibitors from more than 150 countries, ...

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Business & Money | Friday 24 May, 2024 12:28 am

UAE China Tyre & Auto Parts Expo kicks off May 27 with over 300 exhibitors

Capitalising on the zooming auto automotive aftermarket and service industry in the country and the region, the UAE China Tyre & Auto Parts Expo is set to see an impressive rise in the number of exhibitors taking part in its upcoming edition.Aiming to provide the regional market direct access...

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Tourism & Hospitality | Thursday 23 May, 2024 5:22 pm

Traveazy Group, Parent Company of Umrahme and Holidayme, Signs MOU with Emirates to Enhance Customer Experience

Umrahme and Holidayme to Offer Exclusive Benefits, Enhancing Travel Experience with Unmatched Value and Convenience for Customers Dubai – Traveazy Group, the parent company of Umrahme and Holidayme, is pleased to announce the signing of a Memorandum of Understanding (MOU) with Emirates, one...

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Business & Money | Thursday 23 May, 2024 2:24 pm

ADNOC completes $935 million institutional placement of ADNOC Drilling shares

Abu Dhabi National Oil Company (ADNOC) announced today that it has successfully completed a placement to institutional investors of 880 million shares in ADNOC Drilling Company. This represents 5.5% of ADNOC Drilling’s total issued and outstanding share capital, and will increase the Company’s...

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Business & Money | Thursday 23 May, 2024 2:13 pm

Saudi Arabia plans SAR 15B projects to reuse treated water

Saudi Arabia plans to establish 96 projects to enhance the infrastructure for the reuse of treated water in the agricultural, urban, and industrial sectors. The estimated cost for these projects exceeds $4 billion, or nearly SAR 15 billion, Muhammad bin Zaid Abuhaid, Acting CEO of Saudi...

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Business & Money | Thursday 23 May, 2024 2:00 pm

NHC signs 77 agreements at Real Estate Supply Chain Forum

The National Housing Co. (NHC) signed today, May 22, as many as 77 agreements at the conclusion of the exhibition accompanying the 2024 Real Estate Supply Chain Forum, the Saudi Press Agency (SPA) reported. This included five memorandums of understanding (MoUs) to establish industrial zones,...

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Government | Thursday 23 May, 2024 1:55 pm

Interior Ministry bans entry of visit visa holders to Makkah from today

The Ministry of Interior announced that entry to or stay in Makkah is prohibited for anyone holding any type of visit visa, from the 15th of Dhu al-Qi'dah 1445 AH until the 15th of Dhu al-Hijjah 1445 AH, the ministry said on its X account. Visit visa, in all its types and names, does not...

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Business & Money | Thursday 23 May, 2024 1:49 pm

BIM Ventures, MISA in partnership with SBI Holdings to launch $100M startup investment fund in Saudi Arabia

BIM Ventures, the Saudi Venture Studio, announced today at the Saudi Japan Vision 2030 Business Forum in Tokyo, Japan, the signing of a memorandum of understanding (MoU) with SBI Holdings. This collaboration, facilitated in partnership with the Ministry of Investment of Saudi Arabia (MISA), aims to ...

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Business & Money | Thursday 23 May, 2024 1:48 pm

Cenomi Centers plans to invest SAR 5B: CEO

Alison Erguven, CEO of Arabian Centers Co. (Cenomi Centers), stated that the company plans to invest SAR 5 billion, half of which will be allocated to the Jawharat Riyadh and Jawharat Jeddah projects. She expects Jawharat Riyadh to open in the second half of 2025.  In...

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