Business & Money | Wednesday 20 September, 2023 9:10 am

Sumou Real Estate inks SAR 30 mln project management agreement

Sumou Real Estate Co. signed on, Sept. 19, a 24-month agreement to manage the development of Makkah’s Alinma Ajyad Real Estate Fund, which spans over an area of 300,000 square meters (sqm), with the Alinma Ajyad Real Estate Co.   In a statement to Tadawul, Sumou Real Estate...

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Business & Money | Wednesday 20 September, 2023 9:07 am

NDMC closes September issuance of Sukuk program at SAR 2.45 bln

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for September 2023, under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at nearly SAR 2.45 billion, while total bids amounted to SAR 8.76 billion,...

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Government | Wednesday 20 September, 2023 9:05 am

Cabinet approves law on selling, leasing off-plan real estate projects

The Saudi Cabinet, chaired by King Salman bin Abdulaziz Al Saud, approved a law on selling and leasing off-plan real estate projects.    In addition, the Cabinet greenlit several decisions, including amending the Law of Patents, Layout Designs of Integrated Circuits that was...

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Government | Wednesday 20 September, 2023 9:03 am

HRSD Ministry to verify expat worker qualifications before entering Kingdom

The Ministry of Human Resources and Social Development (HRSD), represented by the Professional Accreditation program, launched a service to verify the qualifications of expat workers, in cooperation with the Ministry of Foreign Affairs.   In a statement, the ministry said the service ...

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Government | Wednesday 20 September, 2023 8:59 am

Al Hogail: Law on selling, leasing off-plan projects is likely to raise investor confidence

Minister of Municipal, Rural Affairs and Housing Majed Al Hogail said that he looks forward to the Cabinet's approval of the law on selling and leasing off-plan real estate projects (Wafi Program), along with the rest of the real estate legislation, to enhance investor confidence in the Saudi real...

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Tourism & Hospitality | Wednesday 20 September, 2023 8:47 am

Tashas Group to open Flamingo Collection in Bujairi Terrace, Riyadh offering guests an immersive and unique experience

Marking the group’s much-anticipated launch into Saudi Arabia, Tashas Group will open the Flamingo Collection on the 15th of September. The innovative new three-storey experience will see the group’s Flamingo Room by tashas concept taken to new heights, with four unique offerings coming...

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Technology & IT | Wednesday 20 September, 2023 1:45 am

Zain KSA’s MSCI ESG Index Rating Upgraded to ‘A’,

Zain KSA continues to demonstrate its excellence in Environmental, Social and Governance practices in Saudi Arabia’s telecommunications sector, recently achieving an ‘A’ rating on the MSCI ESG Index. Zain KSA’s improved rating on the index, from ‘BBB’ to ‘A’, reflects the...

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Environment & Energy | Wednesday 20 September, 2023 12:59 am

FedEx Introduces Electric Delivery Vehicles to its Fleet in the UAE, Reinforcing its Commitment to Sustainable Logistics

FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, announced the deployment of its first three electric vehicles (EVs) to its fleet in the United Arab Emirates (UAE), as part of its ongoing efforts to reduce environmental impact...

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Technology & IT | Wednesday 20 September, 2023 12:56 am

Don’t scratch a mosquito bite! Cuba ransomware deploys new malware

Kaspersky has unveiled research into the activities of the notorious ransomware group known as Cuba. This cybercriminal gang has recently deployed malware that evaded advanced detection, and targeted organizations worldwide, leaving a trail of compromised companies across various...

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Business & Money | Tuesday 19 September, 2023 10:13 am

MAG APPOINTS SWISSBORING FOR ENABLING WORKS AT THE RITZ-CARLTON RESIDENCES, DUBAI, CREEKSIDE

MAG, one of the leading real estate developers in the UAE, has announced the appointment of Swissboring for a contract valued at AED 55 million to start shoring and piling work at ‘The Ritz-Carlton Residences, Dubai, Creekside’ part of the Keturah Resort, which combines luxury and wellness. The ...

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