Business & Money | Monday 3 March, 2025 11:27 am

Al Othaim's planned 51% acquisition of Manuel Markets to strengthen foothold: CEO

Abdullah Al Othaim Markets Co.'s planned acquisition of a 51% stake in Manuel Markets would strengthen its foothold in Saudi Arabia, particularly in Western Province — which is deemed a key growth market in the local retail sector, CEO Muaffaq Mubarah told Argaam. Mubarak explained that...

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Business & Money | Sunday 2 March, 2025 12:14 pm

Kaspersky and Zain KSA Sign MoU to Enhance Collaboration in Cybersecurity

Kaspersky and Zain KSA, the leading telecoms and digital solutions provider in Saudi Arabia, have announced a strategic partnership following the signing of a Memorandum of Understanding (MoU). The collaboration focuses on joint projects leveraging Kaspersky's cybersecurity solutions, services, and ...

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Business & Money | Sunday 2 March, 2025 12:09 pm

Residential sales in Saudi Arabia reach SAR 118 billion in 2024, signalling robust real estate growth, says Deloitte’s new 2025 predictions report

Deloitte, the leading global professional services firm, has released its annual KSA real estate market review, highlighting another strong year for the Kingdom across all sectors. According to the report, Saudi Arabia's real estate market is set to experience robust growth through 2025, fuelled by ...

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Business & Money | Sunday 2 March, 2025 8:00 am

Johnson Controls Arabia Secures $90 Million Share in Record-Breaking $180 Million VRF Project in Egypt’s New Administrative Capital

Johnson Controls Arabia (JCA), a global leader in smart, healthy, and sustainable building solutions, proudly announces its significant contribution to one of the world’s largest Variable Refrigerant Flow (VRF) projects. Situated in the R5 Zone of Egypt's New Administrative Capital, this...

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Government | Saturday 1 March, 2025 10:58 am

King Salman, Crown Prince donate SAR 150M to Jood Regions Campaign

Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and Prime Minister, donated a total of SAR 150 million to the second Jood Regions Campaign, launched on the occasion of Ramadan.  This generous contribution, SAR 100 million from King...

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Government | Saturday 1 March, 2025 10:53 am

ZATCA sets criteria for target taxpayers in Wave 21 of e-invoicing

Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the target taxpayers in Wave 21 for implementing the "integration phase" of e-invoicing.   In a statement, the authority clarified that this wave included all taxpayers whose revenues subject to VAT...

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Government | Saturday 1 March, 2025 10:40 am

Here’s what you need to know about Land Transport Law

King Salman bin Abdulaziz Al Saud issued a royal decree approving the Land Transport Law.   The law was also approved by the Saudi Cabinet.   According to the decree, the law implementation does not affect the provisions of the concession agreement between the...

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Business & Money | Saturday 1 March, 2025 9:08 am

300 factories set to boost vehicle industry in Saudi Arabia: Official

Deputy Minister of Industry and Mineral Resources for Industrial Affairs, Khalil bin Salamah, said the automobile factories in Saudi Arabia, including Ceer, Lucid, and Hyundai, will increase by nearly 300 to supply vehicle production lines with various components.   He added that the ...

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Business & Money | Thursday 27 February, 2025 1:16 pm

Chaired By HRH The Crown Prince​ The Board of Directors of the Sports Boulevard Foundation Announces the Opening of the First Phase of the Project with Five Destinations

The Board of Directors of the Sports Boulevard Foundation, chaired by HRH Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister, and Chairman of the Board of Directors of Sports Boulevard Foundation. has announced the opening of the first phase of the Sports Boulevard project...

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Business & Money | Thursday 27 February, 2025 1:08 pm

Automechanika Riyadh returns as Saudi Arabia’s automotive aftermarket sector accelerates towards USD34 billion by 2033

Automechanika Riyadh, Saudi Arabia’s leading regional trade show for the automotive aftermarket industry, is set to return for its seventh edition from 28-30 April at the Riyadh International Convention and Exhibition Center (RICEC). Following the success of the record-breaking 2024 event, the...

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