17 Muharram 1446 - 23 July 2024
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Eye of Dubai

What are Probiotics?
Healthcare | Monday 22 July, 2024 5:12 pm
Probiotics are live microorganisms, most commonly bacteria and yeasts, that offer health benefits when consumed or applied to the body. These "good" microbes play a crucial role in maintaining a healthy gut microbiome, the vast community of microorganisms residing in our digestive system. The gut...
Aramco awards Engineering and Project Management agreement to Dar
Business & Money | Monday 22 July, 2024 8:55 am
Dar Al-Handasah Consultants, (Shair and Partners), a Sidara Company, under an amendment to an existing framework agreement, will provide consultancy services, including engineering, design, project management, and multidisciplinary services for both existing and new infrastructure projects led by...
Ladun subsidiary wins SAR 120.6M project with Jazan City
Business & Money | Monday 22 July, 2024 8:51 am
Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 120.57 million (including VAT) project by Jazan City for Primary & Downstream Industries, according to a statement to Tadawul. The project includes executing all the necessary work to construct buildings and...
PIF offers to up stake in Selfridges to 50%: Report
Business & Money | Sunday 21 July, 2024 10:53 am
The Public Investment Fund (PIF) has made an offer to raise its stake in Selfridges to 50%, according to documents seen by Bloomberg News.The Kingdom’s sovereign wealth fund already owns a 10% share in the Selfridges properties and has offered to buy the remaining 40% stake for a cash price...
Alandalus constructs commercial center in Makkah for SAR 831 million including land value
Business & Money | Sunday 21 July, 2024 10:42 am
Alandalus Property Co. began construction of a qualitative commercial center in Makkah, at a total estimated cost of SAR 831 million including the value of land. In a statement to Tadawul, the company said that the project will be financed mainly by bank loans through the project company, and...
NHC, China's CSCEC ink deal to build 20,000 housing units in Saudi
Business & Money | Saturday 20 July, 2024 1:01 am
National Housing Co. (NHC) signed an agreement with China State Construction Engineering Corporation (CSCEC) to build 20,000 housing units in NHC's suburbs and communities Kingdom-wide.   Under this partnership, a total of 20,000 housing units of various areas will be constructed....
Saudi home ownership reaches 63.7% in 2023
Business & Money | Saturday 20 July, 2024 12:56 am
Saudi home ownership rate reached 63.7% at the end of 2023, an increase of 16.7 percentage point from 2016, the 2023 Housing Program report showed.   The report cited several achievements of the program for 2023. More than 96,000 families benefited from housing support in 2023...
Germany's Lilium mulls to manufacture jets in Saudi Arabia: CEO
Business & Money | Saturday 20 July, 2024 12:53 am
Lilium, the developer of the first all-electric vertical take-off and landing (eVTOL) jet, is exploring the possibility of manufacturing its jets in Saudi Arabia, Al Eqtisadiah newspaper reported, citing CEO Klaus Roewe.   Lilium is currently working on the development of a support...
Dar Global plans to launch Trump Tower Dubai in 2025
Business & Money | Friday 19 July, 2024 3:43 pm
London-listed Dar Global Co., the international arm of Saudi Arabia's Dar Alarkan Real Estate Development Co., along with the Trump Organization, announced their collaboration to establish a Trump-branded tower in Dubai, Reuters reported.   In a statement, Dar Global said the tower...
Real Estate Market sees 210,000 transactions in H1 2024
Business & Money | Thursday 18 July, 2024 9:55 am
Saudi Arabia’s Real Estate Market recorded more than 210,000 transactions during H1 2024, according to the Ministry of Justice.   The Real Estate Market is a digital platform that provides real estate trading services (buy and sell), mortgage and real estate financing services, in...