Business & Money | Sunday 7 April, 2024 7:52 am

Diriyah Gate delays evacuating properties in some neighborhoods

The Diriyah Gate Development Authority delayed the evacuation of vacated properties in Al Faisaliyyah neighborhood and some neighboring places within the scope of Diriyah Gate.   The remaining neighborhoods, Al-Nakheel, Al-Khuzama and Arqa, will be dealt with in accordance with the...

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Business & Money | Sunday 7 April, 2024 7:50 am

GCC funds in talks to acquire distressed Chinese developers: Paper

GCC investment funds are in talks to acquire distressed real estate development companies in China, capitalizing the Chinese government’s incentives and the real estate prices that hit their lowest level, Al Eqtisadiah newspaper reported, citing informed sources.   Independent...

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Business & Money | Sunday 7 April, 2024 7:48 am

IBM starts preparations for new center in Riyadh

US-based IBM started preparations for its new software development center in Riyadh, under the management of Gaya Magie, who relocated to Saudi Arabia to lead the new center, Al-Eqtisadiah newspaper reported.   Ayman AlRashed, Regional Vice President of IBM Saudi...

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Business & Money | Sunday 7 April, 2024 7:46 am

Industry, Investment Ministries invite miners to register for Mining Exploration Enablement Program

The Ministry of Industry and Mineral Resources and the Ministry of Investment invite mining companies and explorers worldwide to register for the Mining Exploration Enablement Program, as part of the Kingdom's efforts to enhance and develop the mining sector and transform it into the third pillar...

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Business & Money | Sunday 7 April, 2024 1:44 am

Azizi Developments partners with Zoomlion for supply of high-end mobile and tower cranes

Azizi Developments, a leading private developer in the UAE, has partnered with Zoomlion, the renowned manufacturer of construction machinery and agricultural machinery, for the supply of 20 premium mobile and tower cranes.Originally established in 1992 in Changsha, Hunan, China, Zoomlion is...

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Business & Money | Saturday 6 April, 2024 7:41 am

A Delegation from the Russian Institution "Sirius" Visits Hamdan bin Rashid Al Maktoum Foundation to Enhance the Global Talent Sector

Dr. Khalifa Al Suwaidi, Secretary-General and CEO of Hamdan bin Rashid Al Maktoum Foundation for Medical and Educational Sciences, received a Russian delegation from The Educational Foundation “Talent and Success” and "Sirius" Russian institution, led by Ms. Elena Shmeleva, Chairman of the...

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Business & Money | Saturday 6 April, 2024 7:36 am

CEO of Thakher Development: We Anticipate that Makkah Will Host 30 Million Umrah Performers Annually Before 2030

Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, stated that he anticipates Makkah will host 30 million Umrah performers annually by 2030.   Al-Aboudi made these remarks during his participation in a panel discussion at the second edition of the...

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Business & Money | Saturday 6 April, 2024 7:30 am

ROSHN to Collaborate with Google Cloud to Unlock the Power of AI

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has signed an agreement with Google Cloud that seeks to leverage artificial intelligence (AI) to transform how it uses and benefits from data analysis.  The collaboration will see Saudi...

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Business & Money | Saturday 6 April, 2024 7:20 am

P&G joins hands with Saudi Arabia’s Children with Disability Association to spread smiles this festive season

Procter & Gamble (P&G) has launched a campaign in collaboration with the Children with Disability Association in Saudi Arabia, aimed at bringing smiles and inclusivity to children with disabilities during the festive season. This initiative follows the resounding success of their Back to...

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Business & Money | Saturday 6 April, 2024 7:17 am

Amlak Finance announces 2023 full-year financial results

Amlak Finance PJSC today announced its full-year financial results for the year ended December 31, 2023. The company focused on prudently managing its UAE operations and balance sheet. Amlak reported a net profit of AED 259 million for the year ended 31 December 2023 as compared to a net profit of...

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