Tourism & Hospitality | Wednesday 24 April, 2024 10:38 am

CHARTING A GREENER PATH: SUSTAINABILITY IN SAUDI ARABIA'S TOURISM STRATEGY

Sustainability is going to be a growing area of importance in the Kingdom of Saudi Arabia as the country works to welcome 100 million visitors annually by 2030. With 80% of consumers viewing sustainable travel as important, and 76% wanting to travel more sustainably in the next year, it is going to ...

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Government | Wednesday 24 April, 2024 10:26 am

UAE Ministry of Finance Launches Customer Councils

The UAE Ministry of Finance today announced the launch of the Customer Councils, in line with the Zero Government Bureaucracy programme that aims to eliminate redundant government procedures and requirements, as well as simplify administrative processes. The UAE Ministry of Finance held its...

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Business & Money | Wednesday 24 April, 2024 10:08 am

DIRIYAH COMPANY ANNOUNCES ZALLAL, DIRIYAH’S FIRST MIXED-USE COMMERCIAL OFFICE AND RETAIL OFFERING

Diriyah Company today has announced details of Zallal, its first major mixed-use commercial office and retail project that is set to open in the first half of 2025 in the Bujairi District. Construction is now well underway and when completed will include two low-rise office buildings with a...

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Business & Money | Tuesday 23 April, 2024 1:06 pm

MEPCO approves SAR 1.78B budget to start cardboard factory project

Middle East Paper Co. (MEPCO) announced the start of the cardboard factory project (fifth paper line), with a production capacity of 450,000 tons, according to a statement to Tadawul. The feasibility study for the project has been completed and a final budget of SAR...

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Business & Money | Tuesday 23 April, 2024 11:14 am

ACWA Power in talks for selective asset sales: CEO

ACWA Power Co. is in negotiations for selective asset sales to long-term investors such as pension funds, CEO, Marco Arcelli, said. In his remarks to Asharq on the sidelines of the World Energy Conference in Rotterdam, the Netherlands, Arcelli said long-term investors are seeking returns from...

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Government | Tuesday 23 April, 2024 9:30 am

Saudi first-time applicants granted five-year Schengen visas

Saudi citizens are granted Schengen visas for five years when applying for the first time, the French ambassador to Saudi Arabia said. According to Al-Arabiya, first-time applicants from GCC countries will now be eligible for Schengen visas valid for an extended period of five...

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Business & Money | Tuesday 23 April, 2024 8:21 am

Thimar sees real estate investments as key focus for future growth: CEO

Thimar Development Holding Co. plans to undertake real estate investments in line with its financial restructuring plan, Managing Director and CEO Melfi bin Manahi Al-Marzouqi told Argaam. The company launched its 100%-owned Thimar Towers Development and Real Estate Investment Co. to tap...

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Business & Money | Monday 22 April, 2024 2:46 pm

"ACWA Power" and "SOCAR" Forge Partnership to Drive Renewable Energy Development in Azerbaijan

Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, and SOCAR, the State Oil Company of the Azerbaijan Republic, announce the signing of a groundbreaking Cooperation Agreement aimed at accelerating the...

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Business & Money | Monday 22 April, 2024 11:04 am

ROSHN Signs MoU with Cisco to Explore the Use of IoT Technology for Smart Buildings

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has signed a collaboration framework with Cisco that seeks further innovation in areas such as designing and building future-proof, sustainable smart buildings. The MoU with Cisco focuses on the...

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Business & Money | Monday 22 April, 2024 9:35 am

PIF inks deal to acquire stake in stc’s TAWAL for SAR 8.7B

stc Group signed, on April 21, a sale and purchase agreement (SPA) with the Public Investment Fund (PIF) to sell 51% of Telecommunication Towers Company Limited (TAWAL) for cash. In a statement to Tadawul, the telecom operator said that the agreements were signed to...

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