Business & Money | Saturday 26 August, 2023 3:38 am

Oil rises, heads for second weekly drop

Oil rose today, Aug. 25, but heads for the second weekly decline after ending a seven-week gains last week.   Brent crude for October delivery rose 0.35%, or 30 cents, to $83.66 a barrel at 8:02 am Makkah Time.   The US West Texas Intermediate (WTI) benchmark for...

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Business & Money | Saturday 26 August, 2023 3:34 am

Lumi issues prospectus to list 16.5 mln shares on TASI

Lumi Rental Co. issued today, Aug. 24, its prospectus to float 16.5 million shares, or 30% of its SAR 550 million capital, on the Saudi Exchange (Tadawul). The Capital Market Authority (CMA) approved on March 31, the application submitted by Lumi Rental to float shares on...

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Government | Saturday 26 August, 2023 3:32 am

Saudi Arabia aims to strengthen cooperation with BRICS: Foreign Minister

Saudi Arabia aims to strengthen and advance cooperation with BRICS on the economic level and all other fields, Foreign Minister Prince Faisal bin Farhan said in a speech at the BRICS summit in South Africa.   Saudi Arabia has promising economic potentials, and a...

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Business & Money | Saturday 26 August, 2023 3:25 am

Dubai Maritime Authority launches Maritime Consumer Rights campaign

The Dubai Maritime Authority (DMA) of the Ports, Customs and Free Zone Corporation, today launched a new “Know Your Rights” campaign designed to strengthen the consumer rights of Traders & Beneficial Cargo Owners (BCOs) across one of Dubai’s most important sectors.As a government...

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Government | Saturday 26 August, 2023 3:23 am

UAE joins call for open, inclusive trade during G20 Trade and Investment Ministerial Meeting

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has participated in the G20 Trade and Investment Ministerial Meeting (TIMM) in Jaipur, India, where he joined ministers and trade officials to deliver a slate of proposals to advance global trade and ensure it continues to deliver ...

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Business & Money | Saturday 26 August, 2023 3:20 am

DP World to invest $510 million to develop Tuna-Tekra mega-container terminal in India

DP World today signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India’s western coast.The concession agreement was signed between S. K. Mehta, Chairman of Deendayal...

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Business & Money | Saturday 26 August, 2023 3:11 am

Ajman Tourism signs a memorandum of understanding with City University Ajman to enhance cooperation and experience exchange

The Ajman Department of Tourism Development - ADTD signed a memorandum of understanding with City University Ajman which aims to establish a partnership between the two parties to enhance cooperation, knowledge and expertise exchange in community services and institutional...

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Business & Money | Saturday 26 August, 2023 3:08 am

Careem For Business: A Game-Changing Transportation Solution for Employees in Saudi Arabia

Careem, the region’s leading multi-service app, has revolutionized the daily commute for employees while simultaneously reducing operational expenses for businesses in Saudi Arabia through its innovative transportation solution for businesses and their employees, Careem For Business...

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Government | Saturday 26 August, 2023 3:05 am

Athar Festival catalyses Saudi creativity during one of its most transformative eras

2023 will go down as the year Saudi Arabia truly came into its own as a regional creative hotspot. From fine arts and fashion to entertainment and e-sports, the Kingdom’s achievements can be attributed to not only government sector support but a desire to shape the predominant national narrative. ...

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Tourism & Hospitality | Saturday 26 August, 2023 3:02 am

RAKEZ announces UAE Golden Visa for football legend Andres Iniesta

World Cup winner and football legend Andres Iniesta, who recently joined Emirates Football Club in Ras Al Khaimah, where he will be playing a match tomorrow, is set to receive a UAE Golden Visa from Ras Al Khaimah Economic Zone (RAKEZ). The economic zone will also be sponsoring the training of the...

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