Technology & IT | Wednesday 21 February, 2024 12:04 am

Tadawul Group’s 5-yr plan prioritizes data monetization, securities diversification: CEO

Saudi Tadawul Group prioritizes investing in data monetization, diversifying the range of securities offered, and enhancing communication in its growth strategy for the next three to five years, said CEO Khalid Al-Hussan.   At a session during the Saudi Capital Market Forum (SCMF)...

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Business & Money | Tuesday 20 February, 2024 12:31 pm

Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing

Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation,...

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Business & Money | Tuesday 20 February, 2024 9:40 am

Saudi Arabia ranks 1st on ESCWA’s government electronic and mobile services maturity index 2023

Saudi Arabia ranked first on the government electronic and mobile services maturity index (GEMS) 2023, issued by the UN Economic and Social Commission for Western Asia (ESCWA). The Kingdom maintained its leading position for the second consecutive time, with a maturity of 93%. ...

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Tourism & Hospitality | Tuesday 20 February, 2024 9:24 am

Unified tourist visa to improve GCC position as global destination: Minister

The GCC Supreme Council's approval of the unified tourist visa is a historic step that reflects its commitment to strengthening cooperation and deepening ties in the field of tourism, said Minister of Tourism Ahmed Al Khateeb. The decision will help the gulf countries become a global tourist...

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Business & Money | Tuesday 20 February, 2024 9:21 am

REITs constitute 34% of total Saudi funds with SAR 192B: Official

The REITs dominate 34% of the total size of funds in Saudi Arabia, with SAR 192 billion, Al Eqtisadiah newspaper reported, citing Fahad bin Hamdan, Assistant Deputy, Financing, and Investment at the Capital Market Authority (CMA).   REITs dominated nearly 18% of the total funds...

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Business & Money | Monday 19 February, 2024 8:40 am

Al-Hogail witnesses signing of agreements, launch of real estate funds at SAR 3.5B

Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail witnessed the signing of SAR 2.4 billion worth of memorandums of understanding (MoUs) and agreements, along with the launch of three real estate funds at over SAR 1 billion.   The agreements were signed...

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Business & Money | Monday 19 February, 2024 8:38 am

Rothschild opens new office in Riyadh’s KAFD

Rothschild & Co. opened today, Feb. 18, a new office in Riyadh-based King Abdullah Financial District (KAFD), as part of its strategic expansion in Saudi Arabia, boosting its Middle East presence.   The company said this reflects its commitment to Saudi Arabia's growth potential. ...

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Business & Money | Monday 19 February, 2024 8:37 am

Saudi Arabia advances on Road Quality Index to rank 4th among G20 nations

Saudi Arabia continued to advance on the Road Quality Index (RQI) to the level of 5.7, taking the fourth place globally among the G20 countries, the Saudi Press Agency (SPA) reported, citing the World Economic Forum (WEF) report for 2023.   The Roads General Authority (RGA) indicated ...

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Business & Money | Sunday 18 February, 2024 8:16 am

Real Estate Registry seen to register 80% of real estate by 2028: CEO

Mohammad Al-Sulaiman, CEO of the National Real Estate Registration Services Co. (Real Estate Registry - RER), said 2024 will be a distinguished year for the real estate registry, Al Eqtisadiah newspaper reported.  He pointed out that 80% of the Kingdom's real estate will likely be...

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Business & Money | Sunday 18 February, 2024 8:12 am

Details of tax rules for regional headquarters in Saudi Arabia

Umm Al-Qura newspaper published on Feb. 16 the tax rules for regional headquarters (RHQ), which include the provisions related to the tax incentives granted to RHQ.   The rules will be effective as of their publication date.   Under the rules, the RHQ that meet the...

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