18 Ramadan 1445 - 28 March 2024
    
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Eye of Riyadh

Saudi Ceramics recommends 25% capital hike via bonus issue
Business & Money | Sunday 24 March, 2024 3:10 pm
Saudi Ceramic Co.’s (Saudi Ceramics) board of directors recommended during its meeting on March 23, a 25% capital increase through distributing bonus shares, capitalizing SAR 200 million from the retained earnings, as shown in the following table:   Capital Hike...
stc Group Breaks Records: 37% Spike in Data Usage at the Two Holy Mosques
Technology & IT | Sunday 24 March, 2024 2:27 pm
The stc Group's network recorded the highest volume of voice calls in the history of the Grand Mosque in Makkah, yesterday, with a 35% increase compared to last year. More than 55% of these calls were processed for the first time through modern digital voice technologies, reflecting the Group's...
NWC provides opportunities for implementation of +398,000 connections to provide water and sanitation services
Business & Money | Sunday 24 March, 2024 2:01 pm
The National Water Company (NWC) has invited the national companies specializing in infrastructure implementation to participate in its investment opportunities under Phase II of the Esal “delivery in Arabic” project. NWC stated that it plans to sign a series of agreements to provide water and...
AI Showdown: HONOR Magic 6 Pro vs. Samsung Galaxy S24 - Who Wins the Future?
Technology & IT | Sunday 24 March, 2024 12:48 pm
The days of smartphones being simple communication devices are long gone. Today's flagships are packed with cutting-edge technology, and a major battleground is artificial intelligence (AI). Giant tech brands are recognizing the power of AI to enhance user experience, introducing features that...
Hamdan bin Mohammed approves AED40 billion worth of projects under public-private partnership model
Business & Money | Sunday 24 March, 2024 11:12 am
During the first meeting of The Executive Council of Dubai since its reconstitution, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved a portfolio of public-private partnership (PPP) projects of the Dubai Government valued ...
Unit 4 of Barakah Nuclear Energy Plant successfully connected to UAE grid
Environment & Energy | Sunday 24 March, 2024 11:09 am
The Emirates Nuclear Energy Corporation (ENEC) today announced that its operations and maintenance subsidiary, Nawah Energy Company, has safely and successfully connected Unit 4 of the Barakah Nuclear Energy Plant to the UAE’s transmission grid. Grid connection signifies the delivery of the first ...
IOTA Foundation launches $10 million investment fund at Investopia 2024
Business & Money | Sunday 24 March, 2024 11:06 am
Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, attended the unveiling of a new investment fund valued at $10 million by the IOTA Ecosystem DLT Foundation during Investopia 2024. The fund's primary goal is to promote the development of TradeTech solutions and support the ...
Finance Minister approves new edition of executive regulations for Zakat collection
Government | Sunday 24 March, 2024 11:01 am
The Minister of Finance has approved the executive regulations for the collection of Zakat (the 1445 H edition), which clarify all procedures related to Zakat collection, facilitate collection procedures in all business sectors, and contribute to raising the level of voluntary compliance among...
Eid Al-Fitr holiday announced for private, non-profit sectors
Government | Sunday 24 March, 2024 10:50 am
The Ministry of Human Resources and Social Development (HRSD) announced today, March 23, the dates for the four-day Eid Al-Fitr holiday for the private and non-profit sectors starting from Monday, April 8.   Eid Al-Fitr holiday will commence for the public sector by the...
SAL details agreement with Tibah Airports to develop new cargo terminal
Business & Money | Sunday 24 March, 2024 10:46 am
SAL Saudi Logistics Services Co.’s agreement with Tibah Airports Operation Co. for the lease of land at Prince Mohammed Bin Abdulaziz International Airport in Madinah is valued at SAR 420,000 per year, or a percentage of the revenue, whichever is higher.   The percentage of the...
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