17 Jumada I 1445 - 1 December 2023
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Eye of Dubai

Kingdom Holding buys Prince Alwaleed’s shares in Citigroup for SAR 1.7B
Business & Money | Wednesday 29 November, 2023 9:34 am
Kingdom Holding Co. (KHC) acquired the shares owned by Chairman Prince Alwaleed bin Talal in Citigroup for SAR 1.69 billion ($449.57 million).    Accordingly, KHC raised its stake in Citigroup to 2.2% from 1.63%, the company said in a statement to Tadawul, adding that the deal...
Crown Prince promises 'unprecedented' Expo 2030
Government | Wednesday 29 November, 2023 9:32 am
Crown Prince Mohammed bin Salman extended sincere congratulations to the Custodian of the Two Holy Mosques as Saudi Arabia won the right to host Expo 2030 in Riyadh, the state-run SPA reported.   This followed the announcement of the Bureau International des Expositions (BIE) on...
Multiple New Hedge Funds Establish in DIFC, Reconfirming Dubai’s Position as a Top Global Hub for Industry
Business & Money | Wednesday 29 November, 2023 7:49 am
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today confirmed that unprecedented numbers of hedge funds continue to set up in the Centre, boosting Dubai’s reputation as the region’s top location for the...
Turn up the festive spirit with a magical tree lighting Ceremony at FORM Hotel
Business & Money | Tuesday 28 November, 2023 3:44 pm
Nothing gets you into the spirit of Christmas than a good old Christmas carols, and a tree lighting ceremony. So, get ready for a cozy and magical evening of holiday cheer and festivities at FORM Hotel Christmas Tree Lighting Ceremony on December 8, 2023, at...
Environment & Energy | Tuesday 28 November, 2023 1:02 pm
The Royal Commission for AlUla (RCU) is set to play an active role in the upcoming Saudi Green Initiative (SGI) and COP28 events in Dubai. By sharing its conservation lessons from the regeneration of AlUla County in north-west Saudi Arabia, RCU aims to contribute to the global search for solutions...
MIS secures 81.6M project with Ministry of Justice
Business & Money | Tuesday 28 November, 2023 12:52 pm
Al Moammar Information Systems Co. (MIS) won a project worth SAR 81.6 million, including VAT, with the Ministry of Justice.   The primary objective of the project is to offer technical support, thereby improving the performance of the ministry's programs and systems, MIS said in ...
PIF raises $5B from syndicated loan
Business & Money | Tuesday 28 November, 2023 12:50 pm
The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) signed today, Nov. 28, a financing agreement through which PIF has secured a term loan, from a syndicate of nine top international lenders, covered by K-SURE.   The financing carries a door-to-door tenor...
Over 176,000 Saudis employed in past year: Minister
Business & Money | Tuesday 28 November, 2023 12:39 pm
Over the last 12 months, more than 176,000 Saudis found employment through the Nitaqat Mutawar Program, Ahmad Al-Rajhi, Minister of Human Resources and Social Development, said during the 13th Social Dialogue Forum.   This development elevated the total number of Saudis employed...
Taj Dhabi awarded two new developments in KAFD
Business & Money | Tuesday 28 November, 2023 10:30 am
Taj Dhabi, a subsidiary of Trojan Construction Group, has been awarded the Design and Build contract for two new developments in KAFD, Saudi Arabia’s prime business district, located in the heart of Riyadh. Marking the occasion with a signing ceremony at KAFD were Gautam...
du becomes first telco in the region to empower talent with access to Cisco Networking Academy
Technology & IT | Tuesday 28 November, 2023 10:19 am
du, from Emirates Integrated Telecommunications Company (EITC), today announced a partnership with Cisco to facilitate access to the prestigious Cisco Networking Academy. The Memorandum of Understanding (MoU) between du and Cisco paves the way for a comprehensive talent development program. As the...
Taj Dhabi awarded two new developments in KAFD
Taj Dhabi awarded two new developments in KAFD
Tuesday 28 November, 2023 10:30