Government | Friday 19 April, 2024 7:35 am

Saudi Arabia starts reducing payment of accumulated traffic fines by 50%

The General Department of Traffic (GDT) started April 18, reducing the payment of accumulated traffic fines by 50%. The decision applies traffic violations committed by Saudi nationals, residents, visitors, and GCC nationals before today, GDT said in a statement.  To...

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Tourism & Hospitality | Thursday 18 April, 2024 10:38 am

Saudi Arabia Highlights Investment Initiatives in Tourism at International Hospitality Investment Forum

The Saudi Ministry of Tourism is currently taking a prominent stage at the International Hospitality Investment Forum (IHIF), presenting a unique opportunity for global investors to dive into the thriving tourism landscape of the Kingdom. With the spotlight on the Tourism Investment Enablers...

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Tourism & Hospitality | Thursday 18 April, 2024 10:35 am

DIRIYAH COMPANY GROUP CEO JERRY INZERILLO APPOINTED UNITED NATIONS TOURISM AMBASSADOR

Diriyah Company Group CEO Jerry Inzerillo has been appointed a United Nations Tourism Ambassador during the first ever UN Sustainability week in New York. The accolade recognizes his achievements as a global visionary in the hospitality industry and internationally acknowledged visionary in tourism ...

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Business & Money | Thursday 18 April, 2024 8:52 am

Budget Saudi CEO: AutoWorld acquisition marks company’s largest-ever deal, to boost market share

United International Transportation Co.’s (Budget Saudi) acquisition of Al-Jazira Equipment Co. Ltd (AutoWorld) paves the way for a new era of growth opportunities, driven by a robust and strong Saudi economy, President & Group CEO Fawaz Danish told Argaam in an...

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Government | Wednesday 17 April, 2024 10:12 am

Riyadh Gears Up for the 2024 Islamic Development Bank Group’s Annual Meetings and IsDB Golden Jubilee Celebration

The Islamic Development Bank Group (IsDB) is set to hold its 2024 Annual Meetings and IsDB Golden Jubilee in Riyadh from April 27-30, under the Royal Patronage of the Custodian of Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud. The 2024 Annual Meetings will be held under the theme of...

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Tourism & Hospitality | Wednesday 17 April, 2024 9:50 am

New airlines connecting Kingdom with Africa to be launched soon: Report

A new Saudi airline will soon be launched in Riyadh by an investor to link Saudi Arabia and the African continent, with the aim of supporting tourism and investment, Al Eqtisadiah News Paper reported, citing informed sources. Regulatory approvals have been obtained from both the local sides...

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Tourism & Hospitality | Wednesday 17 April, 2024 9:46 am

Passenger traffic in Saudi airports rises 26% to 112M in 2023

The air traffic in the Kingdom in 2023 reached an unprecedented record number in terms of passengers, whose number reached about 112 million passengers through various airports in the Kingdom, with a growth rate of 26% year-on-year, and more than 8% compared to 2019, which confirms the recovery of...

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Business & Money | Tuesday 16 April, 2024 9:48 am

Ladun Investment signs SAR 573M facility with Al Rajhi Bank

Ladun Investment Co.’s board of directors approved signing a Shariah-compliant credit facilities agreement with Al Rajhi Bank to finance the company and affiliated Built Industrial, at a total value of SAR 573 million, according to a statement to Tadawul. The financing facility was obtained...

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Business & Money | Tuesday 16 April, 2024 9:34 am

Maaden board proposes 5.69M share buyback to be held as treasury shares

Saudi Arabian Mining Co. (Maaden) board of directors recommended the buyback of 5.69 million ordinary shares, which will be allocated to the long-term employee stock incentive program, the company said in a statement to Tadawul today The shares will ...

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Business & Money | Tuesday 16 April, 2024 9:31 am

ROSHN Group awards SAR 215M contract to Dar Al Arkan

ROSHN Group announced today, April 15, the signing of an agreement worth over SAR 215 million with partner developer Dar Al Arkan for the development of residential villas in SEDRA 1A compound. The deal comes as part of the group's efforts to further strengthen its leadership in the Kingdom's...

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