18 Ramadan 1445 - 28 March 2024
    
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Eye of Riyadh

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 ...
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...
Alandalus, Sulaiman Al Habib to begin gradual ops at Jeddah hospital on March 31
Business & Money | Sunday 24 March, 2024 10:44 am
Alandalus Property Co. and Dr. Sulaiman Al Habib Medical Services Group said that Al-Fayhaa Hospital in Jeddah will open doors and start phased operations on March 31. The final license was obtained from the Ministry of Health on March 23, both companies said in separate...
ACWA Power's NOORo III in Morocco offline due to forced outage
Business & Money | Sunday 24 March, 2024 10:42 am
ACWA Power announced a forced outage at its NOORo III plant in Morocco after receiving a notice from the project’s company about a leak in the hot molten salts tank. The preliminary analysis showed that the forced outage will last until November 2024.   The preliminary estimates...
How Saudi’s Leading E-commerce Marketplace Mazeed is Personalizing Customer Engagement During Ramadan
Business & Money | Sunday 24 March, 2024 10:19 am
For consumer brands in Saudi, Ramadan is nothing short of a retail phenomenon. Rising disposable incomes and the accompanying spending, which have increased the GDP contribution of the retail industry to over 10% in Saudi, become more evident during the holy month of Ramadan. Much like the...
OPEC Fund provides US$50 mn loan to support agriculture and food sector in Türkiye, prioritizing earthquake-hit regions
Business & Money | Sunday 24 March, 2024 10:10 am
The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to support the agricultural and food production sectors, prioritizing 11 cities hit by the devastating earthquakes of February 2023. The Development and Investment Bank of Türkiye (TKYB) will...
Sharjah Islamic Bank provides first Islamic financial facility for Turkiye Wealth Fund
Business & Money | Sunday 24 March, 2024 9:21 am
Sharjah Islamic Bank (SIB) and the Turkiye Wealth Fund (TWF) announced the signing of an agreement to provide a Shariah-compliant Murabaha facility worth $100 million USD, for a period of 3 years. This agreement, facilitated by Dogan Investment Bank, marks the first time the Turkish Sovereign...
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