Business & Money | Thursday 25 April, 2024 10:50 am

IMF launches new regional office in Saudi Arabia

The International Monetary Fund (IMF) inaugurated a new regional office in Riyadh, Saudi Arabia, to bolster partnerships with countries across the Middle East and beyond. In a statement, the IMF said the new office will focus on promoting capacity building, enhancing regional surveillance, and ...

More Details

Government | Thursday 25 April, 2024 9:17 am

Saudi Arabia adopts strategies to bring structural economic shift: Minister

Saudi Arabia has witnessed remarkable development since launching Vision 2030, as there have been fundamental changes in the legislative and economic regulations to promote sustainable development, Minister of Economy and Planning Faisal Al-Ibrahim said. Speaking at...

More Details

Business & Money | Thursday 25 April, 2024 8:23 am

ROSHN launches 1.7 MSM Dana project

ROSHN Group announced today, April 24, the launch of the Dana project, marking its sixth community in the Kingdom and its second in the Eastern Province, with Dhahran as its inaugural location. According to the Saudi Press Agency (SPA), the Dana project spans an area of 1.7 million square ...

More Details

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 ...

More Details

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...

More Details

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...

More Details

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...

More Details

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...

More Details

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...

More Details

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...

More Details