04 Shawwal 1445 - 13 April 2024
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Eye of Dubai

Tor Holding And ELIE SAAB Announce Partnership For Dual Real Estate Debut in Turkey.
Business & Money | Friday 12 April, 2024 2:06 pm
Istanbul - ELIE SAAB, one of the World’s leading names in Haute Couture and esteemed luxury lifestyle brand and TOR HOLDING, a Turkish real estate developer known for its innovative projects and global collaborations, announce their partnership for the launch of two real estate projects in...
Sanad solidifies its partnership with Asiana Airlines at AED532 million
Business & Money | Friday 12 April, 2024 7:05 am
Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), solidified its partnership with Asiana Airlines, the second largest airline in South Korea, through a five-year contract extension...
Oil demand will grow 2.25 million bpd: OPEC
Environment & Energy | Friday 12 April, 2024 7:03 am
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025, Reuters reported. In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to ...
GACA to organize Future Aviation Forum in May
Tourism & Hospitality | Friday 12 April, 2024 6:49 am
The General Authority of Civil Aviation (GACA) will organize the third edition of the Future Aviation Forum (FAF 2024) on May 20-22, in Riyadh, under the patronage of the Custodian of the Two Holy Mosques, King Salman, Saudi Press Agency reported.   More than 5,000 aviation experts...
CST evaluates communications services for projects, facilities
Technology & IT | Friday 12 April, 2024 6:48 am
The Communications, Space and Technology Commission (CST) is working to inventory and evaluate communications services for projects and facilities, the authority said in a circular to the Saudi chambers.   While taking into account the current situation, a survey was prepared in this ...
Commercial registers for fast-food sector reach 44,800 in 2023: Ministry
Business & Money | Friday 12 April, 2024 6:46 am
The Ministry of Commerce stated that the number of commercial registers for fast-food sector in Saudi Arabia increased by 17% year-on-year (YoY) to 44,800 by the end of 2023, Al Eqtisadiah newspaper reported.   Riyadh dominated the largest number of registers reaching 13,644. It was...
SDB collects SAR 114B from total loans offered to citizens
Business & Money | Friday 12 April, 2024 6:45 am
The Social Development Bank (SDB) collected SAR 114 billionfrom the total loans worth SAR 155 billion offered to citizens, Al Eqtisadiah newspaper reported, citing CEO Sultan Al-Hamidi.   He added that the total loans offered to females since the bank's establishment reached nearly...
OPEC maintains oil demand forecast for 2024
Business & Money | Friday 12 April, 2024 6:42 am
The Organization of the Petroleum Exporting Countries (OPEC) continues to expect oil demand to grow by 2.2 million barrels a day (bpd) in 2024 and by 1.8 million bpd in 2025, unchanged from its previous estimates.   Meanwhile, the organization lowered its expectation for non-OPEC...
Aramco plans to post Q1 2024 financials on May 7
Business & Money | Thursday 11 April, 2024 8:34 am
Saudi Arabian Oil Co. (Saudi Aramco) stated that it intends to disclose its Q1 2024 financials before the start of trading on the Saudi Exchange (Tadawul) on May 7.   In a statement, the oil giant added that it will also discuss the three-month results in an audio webcast at 3:30 pm...
Gold hovers near all-time high as market focus turns to US data
Business & Money | Thursday 11 April, 2024 8:32 am
Gold prices rose today, April 9, hovering near their lifetime high, supported by firm central bank buying, while investors are watching out for the Federal Reserve's policy meeting minutes and US.   The gold spot prices edged up 0.3% to $2,345.09 per ounce at 0621...