16 Dhu al-Qi'dah 1445 - 24 May 2024
    
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Eye of Riyadh

Traveazy Group, Parent Company of Umrahme and Holidayme, Signs MOU with Emirates to Enhance Customer Experience
Tourism & Hospitality | Thursday 23 May, 2024 5:22 pm
Umrahme and Holidayme to Offer Exclusive Benefits, Enhancing Travel Experience with Unmatched Value and Convenience for Customers Dubai – Traveazy Group, the parent company of Umrahme and Holidayme, is pleased to announce the signing of a Memorandum of Understanding (MOU) with Emirates, one...
ADNOC completes $935 million institutional placement of ADNOC Drilling shares
Business & Money | Thursday 23 May, 2024 2:24 pm
Abu Dhabi National Oil Company (ADNOC) announced today that it has successfully completed a placement to institutional investors of 880 million shares in ADNOC Drilling Company. This represents 5.5% of ADNOC Drilling’s total issued and outstanding share capital, and will increase the Company’s...
Saudi Arabia plans SAR 15B projects to reuse treated water
Business & Money | Thursday 23 May, 2024 2:13 pm
Saudi Arabia plans to establish 96 projects to enhance the infrastructure for the reuse of treated water in the agricultural, urban, and industrial sectors. The estimated cost for these projects exceeds $4 billion, or nearly SAR 15 billion, Muhammad bin Zaid Abuhaid, Acting CEO of Saudi...
NHC signs 77 agreements at Real Estate Supply Chain Forum
Business & Money | Thursday 23 May, 2024 2:00 pm
The National Housing Co. (NHC) signed today, May 22, as many as 77 agreements at the conclusion of the exhibition accompanying the 2024 Real Estate Supply Chain Forum, the Saudi Press Agency (SPA) reported. This included five memorandums of understanding (MoUs) to establish industrial zones,...
Interior Ministry bans entry of visit visa holders to Makkah from today
Government | Thursday 23 May, 2024 1:55 pm
The Ministry of Interior announced that entry to or stay in Makkah is prohibited for anyone holding any type of visit visa, from the 15th of Dhu al-Qi'dah 1445 AH until the 15th of Dhu al-Hijjah 1445 AH, the ministry said on its X account. Visit visa, in all its types and names, does not...
BIM Ventures, MISA in partnership with SBI Holdings to launch $100M startup investment fund in Saudi Arabia
Business & Money | Thursday 23 May, 2024 1:49 pm
BIM Ventures, the Saudi Venture Studio, announced today at the Saudi Japan Vision 2030 Business Forum in Tokyo, Japan, the signing of a memorandum of understanding (MoU) with SBI Holdings. This collaboration, facilitated in partnership with the Ministry of Investment of Saudi Arabia (MISA), aims to ...
Cenomi Centers plans to invest SAR 5B: CEO
Business & Money | Thursday 23 May, 2024 1:48 pm
Alison Erguven, CEO of Arabian Centers Co. (Cenomi Centers), stated that the company plans to invest SAR 5 billion, half of which will be allocated to the Jawharat Riyadh and Jawharat Jeddah projects. She expects Jawharat Riyadh to open in the second half of 2025.  In...
London is the top choice for UAE property investors exploring opportunities overseas, finds latest research from Barratt London
Business & Money | Thursday 23 May, 2024 1:37 pm
Research conducted by Insight Advantage on behalf of Barratt London, a market-leading residential developer in the UK, has revealed that London is the top choice for UAE investors looking to purchase property overseas. The survey, which was conducted this month, set out to identify the preferences...
du elevates brand strength to historic highs, climbing the ranks as a global top 25 telecom powerhouse
Technology & IT | Thursday 23 May, 2024 1:32 pm
 du, an Emirates Integrated Telecommunications Company (EITC), reached a significant milestone in its brand strength, according to the 2024 Brand Finance rankings. Achieving a brand strength index (BSI) of 82.5 points, the company has not only maintained its AAA- rating but has also risen to...
Ras Al Khaimah Ruler inaugurates Glass Technology’s AED 350 million manufacturing facility
Business & Money | Thursday 23 May, 2024 1:30 pm
His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, inagurated Glass Technology’s solar glass manufacturing facility in Al Ghail, Ras Al Khaimah. Glass Technology set up its massive facility spanning approximately 113,000 m2 with a total...
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