Rotana announces the soft opening of Dar Rayhaan in Saudi Arabia
Abu Dhabi, UAE – Rotana, one of the leading hotel management companies in the region with over 100 properties in...
Business
Restoration project for Jeddah district’s old buildings completed
JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of...
Arts & Culture
ADIB finances Rasmala for Tesco supermarket acquisition
The property, constructed in 2012, extends to 100,365 sq ft ADIB offers Sharia-compliant property financing solutions Abu Dhabi Islamic Bank...
ADGM Office of Data Protection signs MoU with Jersey Data Protection Authority
The MoU will help protect the personal data of individuals in both jurisdictions ADGM recently updated its data protection framework ...
Saudi companies spend 7% of the country’s GDP on Capex
Saudi companies invested around $47 billion in 2020 on their Capital Expenditure The move to leverage opportunities to diversify economy...
UAE ranks high on global govt development indices
The first globally on the Absence of Bureaucracy Index The second globally on the Adaptability of Government Policy Index The...
Automotive industry on path to recovery: Experts
Digitally-enabled experiences and services to evolve customer expectations Full recovery of the industry expected by 2025 as post-pandemic confidence grows...
Saudi Arabia’s used car market shows signs of recovery
Ken Research study says oil-rich kingdom's used car market is growing again after a decline in growth in 2016. The...
Abu Dhabi, Dubai villa market rental rates stay strong in Q1
The Abu Dhabi residential market delivered 1,700 apartments, 50 villas during the quarter Grade A and B office buildings in...
Rashad Al Shaikh is OAB’s new Head of Retail Banking Division
The decision is result of Al Shaikh's successes as acting head in the digital retail banking Al Shaikh has an...
Emirates Mars mission Hope to begin two-year probe
The aim of the mission is to take a complete picture of Mars’ lower and upper atmospheres The Hope will...
Airport Show-2021 begins amid signs of industry’s global recovery
Against 4.5 billion travellers in 2019, only 1.8 billion passengers took to the skies in 2020 The pandemic led to...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Rotana announces the soft opening of Dar Rayhaan in Saudi Arabia
Abu Dhabi, UAE – Rotana, one of the leading hotel management companies in the region with over 100 properties in...
Business
Company News
stc buys stake in Telefónica
Business
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Saudi Arabia to register 50,000 urban heritage assets
Arts & Culture
Biblical-scale catastrophe unfolding in Gaza Strip: Russia’s UN envoy
United Nations, New York - A humanitarian catastrophe on a biblical scale is unfolding in the Gaza Strip, Russia’s Permanent...
Geostrategy
Saudi civil aviation authority announces economic policy of sector
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) has announced the economic policy of the civil aviation...
Geostrategy
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Economy
Saudi Fund for Development signs $100m loan pact to support the water sector in Argentina
Riyadh, Saudi Arabia - Saudi Fund for Development (SFD) on Sunday signed a $100 million loan agreement to support the...
- The agreement will support the growing demand for potable water in Argentina’s provinces of Santa Fe and Córdoba
- Phase 1 of the project will develop from Coronda, in the province of Santa Fe, to San Francisco, in the province of Córdoba
Geostrategy
Russian ambassador summoned by Israeli over Hamas visit to Moscow
Moscow, Russia - Israeli authorities have summoned the Russian Ambassador to Israel, Anatoly Viktotov, in response to a recent visit...
- The visit by the Hamas representatives to Moscow was followed by meetings with senior Iranian envoys
- Russia's previous submission of a UNSC resolution condemning violence against civilians did not mention Hamas
Business
Saudi Exchange to launch Single Stock Options contracts
Riyadh, Saudi Arabia – The Saudi Exchange on Sunday announced its intention to launch the Single Stock Options (SSOs) contracts,...
- SSOs contracts will be available to trade on 27 November 2023, enabling local and international investors to hedge and manage portfolio risks effectively
- The contracts will be cleared and settled by the Securities Clearing Center Company (Muqassa) in line with international best practices