Government | Thursday 11 April, 2024 8:26 am

Riyadh Municipality starts receiving qualification applications for future projects

The Riyadh Region Municipality invited qualified contracting companies with distinguished competence in the fields of implementing and developing roads, to submit their qualification applications.   In a statement, the municipality stated that the applications will be submitted via...

More Details

Business & Money | Thursday 11 April, 2024 8:24 am

Tomoh drives 21 companies to list shares on Nomu: Monsha’at

The Small & Medium Enterprises General Authority (Monsha'at) said that Tomoh Program supported 21 companies to list shares on Nomu-Parallel Market since its launch in June 2020 until the end of the first quarter of 2024, Al-Eqtisadiah newspaper reported.   The program relies ...

More Details

Business & Money | Wednesday 10 April, 2024 6:07 am

China's new international land-sea trade corridor records $8.9 billion in TEUs transported

The New International Land-Sea Trade Corridor (ILSTC), which runs through the western part of China, is rapidly expanding, serving as a vital connection between the Silk Road Economic Belt, the 21st-Century Maritime Silk Road, and the Yangtze River Economic Belt. According to the People's...

More Details

Business & Money | Wednesday 10 April, 2024 6:06 am

Forbes Middle East reveals Middle East’s Most Valuable Banks 2024

Forbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, featuring the resilient, profitable, and customer-centric banking titans in the region.As of February 23, 2024, the 30 banks had a combined value of US$581.1 billion, up 14 percent over the last 12 months. Gulf entities...

More Details

Business & Money | Wednesday 10 April, 2024 5:28 am

KSA preferred gateway for Chinese firms in ME, GCC: Chinese Ambassador

Saudi Arabia has become the preferred gateway for Chinese companies to enter the Middle East and GCC markets, Al Eqtisadiah newspaper reported, citing Chinese Ambassador to Saudi Arabia Chen Weiqing.   Chinese and Saudi economies are highly integrated and have enormous potential for...

More Details

Business & Money | Wednesday 10 April, 2024 5:26 am

Inbound containers rise 12.5% in March: MAWANI

The Saudi ports reported a 12.48% increase in the number of inbound containers to 265,148 TEUs in March, compared to 235,738 TEUs in the same month last year.   In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers also rose by...

More Details

Sports | Tuesday 9 April, 2024 1:57 am

Saudi Sports for All Celebrates Tremendous Success of Ramadan Tournaments

Saudi Sports for All (SFA) proudly announces the resoundingsuccess of its series of Ramadan tournaments, culminating in an unprecedented celebration ofsportsmanship, community, and healthy living across the Kingdom.The SFA Ramadan Domes tournament, held in Dammam, witnessed an...

More Details

Business & Money | Tuesday 9 April, 2024 1:52 am

Olayan, Lunate acquire stakes in ICD Brookfield Place

Investment Corporation of Dubai (ICD) and Brookfield Corporation (Brookfield) today announced an agreement with Olayan Financing Company and Lunate for the sale of a 49 percent stake in ICD Brookfield Place (ICDBP), a world-class commercial and retail property located in the Dubai International...

More Details

Business & Money | Tuesday 9 April, 2024 1:38 am

Idle Lands Program says 332M sqm land invoiced in Q1 2024

The Idle Lands Program said that over 332 million square meters (sqm) of land were invoiced in the first and second phases during Q1 2024.   In a statement, the program said it discovered and registered more than 10 sqm of land within the declared areas of cities in the first and...

More Details

Tourism & Hospitality | Tuesday 9 April, 2024 12:51 am

UAE-Saudi Arabia weekly flights soar 13.3% to 383 during Ramadan

Air travel between the UAE and Saudi Arabia is witnessing a noticeable surge amid increasing demand from those wishing to perform Umrah rituals during the holy month of Ramadan, reaching its peak during the last ten days of the holy month. According to the General Civil Aviation Authority's...

More Details