10 Sha'aban 1445 - 21 February 2024
    
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Eye of Dubai

NHC signs 6 agreement to develop 3,800 residential units in Riyadh
Business & Money | Wednesday 21 February, 2024 9:06 am
National Housing Co. (NHC) signed six agreements with real estate developers at a total value of more than SAR 2 billion to develop and build over 3,800 residential units.   According to NHC, the price of these units starts from SAR 475,000 in Al-Assalah Community, in the southwest...
Saudi market draws SAR 400B foreign investments: El-Kuwaiz
Business & Money | Wednesday 21 February, 2024 9:04 am
The Saudi stock market drew foreign investments of nearly SAR 400 billion, said Chairman of the Capital Market Authority (CMA) Mohammed El-Kuwaiz.   In a panel discussion at the Saudi Capital Market Forum (SCMF) 2024, El-Kuwaiz said this figure represents nearly 12% of ...
Tadawul Group’s 5-yr plan prioritizes data monetization, securities diversification: CEO
Technology & IT | Wednesday 21 February, 2024 12:04 am
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)...
Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing
Business & Money | Tuesday 20 February, 2024 12:31 pm
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,...
Saudi Arabia ranks 1st on ESCWA’s government electronic and mobile services maturity index 2023
Business & Money | Tuesday 20 February, 2024 9:40 am
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%. ...
Unified tourist visa to improve GCC position as global destination: Minister
Tourism & Hospitality | Tuesday 20 February, 2024 9:24 am
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...
REITs constitute 34% of total Saudi funds with SAR 192B: Official
Business & Money | Tuesday 20 February, 2024 9:21 am
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...
Al-Hogail witnesses signing of agreements, launch of real estate funds at SAR 3.5B
Business & Money | Monday 19 February, 2024 8:40 am
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...
Rothschild opens new office in Riyadh’s KAFD
Business & Money | Monday 19 February, 2024 8:38 am
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. ...
Saudi Arabia advances on Road Quality Index to rank 4th among G20 nations
Business & Money | Monday 19 February, 2024 8:37 am
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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