04 Shawwal 1445 - 13 April 2024
Sign up for newsletter
Eye of Dubai

Saudi Ceramics recommends 25% capital hike via bonus issue
Business & Money | Sunday 24 March, 2024 3:10 pm
Saudi Ceramic Co.’s (Saudi Ceramics) board of directors recommended during its meeting on March 23, a 25% capital increase through distributing bonus shares, capitalizing SAR 200 million from the retained earnings, as shown in the following table:   Capital Hike...
NWC provides opportunities for implementation of +398,000 connections to provide water and sanitation services
Business & Money | Sunday 24 March, 2024 2:01 pm
The National Water Company (NWC) has invited the national companies specializing in infrastructure implementation to participate in its investment opportunities under Phase II of the Esal “delivery in Arabic” project. NWC stated that it plans to sign a series of agreements to provide water and...
Finance Minister approves new edition of executive regulations for Zakat collection
Government | Sunday 24 March, 2024 11:01 am
The Minister of Finance has approved the executive regulations for the collection of Zakat (the 1445 H edition), which clarify all procedures related to Zakat collection, facilitate collection procedures in all business sectors, and contribute to raising the level of voluntary compliance among...
Alandalus, Sulaiman Al Habib to begin gradual ops at Jeddah hospital on March 31
Business & Money | Sunday 24 March, 2024 10:44 am
Alandalus Property Co. and Dr. Sulaiman Al Habib Medical Services Group said that Al-Fayhaa Hospital in Jeddah will open doors and start phased operations on March 31. The final license was obtained from the Ministry of Health on March 23, both companies said in separate...
ACWA Power's NOORo III in Morocco offline due to forced outage
Business & Money | Sunday 24 March, 2024 10:42 am
ACWA Power announced a forced outage at its NOORo III plant in Morocco after receiving a notice from the project’s company about a leak in the hot molten salts tank. The preliminary analysis showed that the forced outage will last until November 2024.   The preliminary estimates...
OPEC Fund provides US$50 mn loan to support agriculture and food sector in Türkiye, prioritizing earthquake-hit regions
Business & Money | Sunday 24 March, 2024 10:10 am
The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to support the agricultural and food production sectors, prioritizing 11 cities hit by the devastating earthquakes of February 2023. The Development and Investment Bank of Türkiye (TKYB) will...
Diriyah Company Signs Ground-breaking Agreement for District Cooling Plant Development
Business & Money | Saturday 23 March, 2024 6:56 am
The Diriyah Company has announced a groundbreaking infrastructure agreement with City Cool Cooling Company. The infrastructure agreement includes a district cooling plant and associated distribution network with the ability to deliver a maximum cooling power of 72,500 Tons of Refrigeration (TR)....
PwC Middle East and Microsoft launch AI Centre of Excellence dedicated to upskilling Saudi engineering talent
Business & Money | Saturday 23 March, 2024 6:43 am
PwC Middle East in Saudi Arabia and Microsoft have announced the launch of an artificial intelligence (AI) Centre of Excellence in Riyadh at LEAP 2024, aimed at upskilling and scaling the AI capabilities of Saudi engineers and researchers. The launch of the centre supports the Kingdom’s community ...
Minister of Energy decides to amend dry gas distribution tariff
Environment & Energy | Saturday 23 March, 2024 6:29 am
Minister of Energy, Prince Abdulaziz bin Salman, decided to amend the dry gas distribution tariff for the Natural Gas Distribution Co. in Riyadh Second Industrial City and East Gas in Dammam Second Industrial City.  Under the decision, the tariff for the Natural Gas Distribution was...
Saudia Technic and flyadeal Secure Major Maintenance Contract at MRO Middle East Conference in Dubai
Business & Money | Friday 22 March, 2024 1:41 am
At the prestigious Dubai MRO Middle East 2024 Conference, Saudia Technic is proud to announce that flyadeal has awarded it a significant contract for the completion of 10 C checks on its Airbus A320neo fleet throughout 2024. This achievement underscores Saudia...