Search Site

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Saudi Arabia to improve labor quality

  • The Ministry of Municipal and Rural Affairs and Housing for regulating city operators will start the first phase of issuing professional licenses for 16 professions
  • The major professions for which the ministry is seeking to introduce mandatory professional license in a phased manner consist of technicians, construction workers

Saudi Arabia will start giving out professional licenses from next year in order to improve the quality of its domestic labor. To begin with, sixteen professions will receive the mandatory license in a phased manner.

The Ministry of Municipal and Rural Affairs and Housing for regulating city operators will start the first phase of issuing professional licenses for 16 professions from the beginning of 2022, Okaz paper reported citing the Deputy Minister Ahmed Qattan.

The major professions for which the ministry is seeking to introduce mandatory professional license in a phased manner consist of technicians, construction workers, mechanic workers and beauty workers among others.

The ministry will start within two months the issuance of the first professional certificate for workers, to be applicable on 16 professions that have 72 sub-professions, he said.