Business & Money | Saturday 13 April, 2024 8:03 am

38,900 e-commerce registers issued in Q1 2024

The total number of e-commerce registers increased by 17% to 38,850 in Q1 2024, from 33.070 in the year-earlier period, the Ministry of Commerce said in its quarterly business sector bulletin. The total number of commercial registers reached 104,000 in the first quarter of the...

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Business & Money | Friday 12 April, 2024 2:06 pm

Tor Holding And ELIE SAAB Announce Partnership For Dual Real Estate Debut in Turkey.

Istanbul - ELIE SAAB, one of the World’s leading names in Haute Couture and esteemed luxury lifestyle brand and TOR HOLDING, a Turkish real estate developer known for its innovative projects and global collaborations, announce their partnership for the launch of two real estate projects in...

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Business & Money | Friday 12 April, 2024 7:05 am

Sanad solidifies its partnership with Asiana Airlines at AED532 million

Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), solidified its partnership with Asiana Airlines, the second largest airline in South Korea, through a five-year contract extension...

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Business & Money | Friday 12 April, 2024 6:46 am

Commercial registers for fast-food sector reach 44,800 in 2023: Ministry

The Ministry of Commerce stated that the number of commercial registers for fast-food sector in Saudi Arabia increased by 17% year-on-year (YoY) to 44,800 by the end of 2023, Al Eqtisadiah newspaper reported.   Riyadh dominated the largest number of registers reaching 13,644. It was...

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Business & Money | Friday 12 April, 2024 6:45 am

SDB collects SAR 114B from total loans offered to citizens

The Social Development Bank (SDB) collected SAR 114 billionfrom the total loans worth SAR 155 billion offered to citizens, Al Eqtisadiah newspaper reported, citing CEO Sultan Al-Hamidi.   He added that the total loans offered to females since the bank's establishment reached nearly...

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Business & Money | Friday 12 April, 2024 6:42 am

OPEC maintains oil demand forecast for 2024

The Organization of the Petroleum Exporting Countries (OPEC) continues to expect oil demand to grow by 2.2 million barrels a day (bpd) in 2024 and by 1.8 million bpd in 2025, unchanged from its previous estimates.   Meanwhile, the organization lowered its expectation for non-OPEC...

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Business & Money | Thursday 11 April, 2024 8:34 am

Aramco plans to post Q1 2024 financials on May 7

Saudi Arabian Oil Co. (Saudi Aramco) stated that it intends to disclose its Q1 2024 financials before the start of trading on the Saudi Exchange (Tadawul) on May 7.   In a statement, the oil giant added that it will also discuss the three-month results in an audio webcast at 3:30 pm...

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Business & Money | Thursday 11 April, 2024 8:32 am

Gold hovers near all-time high as market focus turns to US data

Gold prices rose today, April 9, hovering near their lifetime high, supported by firm central bank buying, while investors are watching out for the Federal Reserve's policy meeting minutes and US.   The gold spot prices edged up 0.3% to $2,345.09 per ounce at 0621...

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Business & Money | Thursday 11 April, 2024 8:24 am

Tomoh drives 21 companies to list shares on Nomu: Monsha’at

The Small & Medium Enterprises General Authority (Monsha'at) said that Tomoh Program supported 21 companies to list shares on Nomu-Parallel Market since its launch in June 2020 until the end of the first quarter of 2024, Al-Eqtisadiah newspaper reported.   The program relies ...

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Business & Money | Wednesday 10 April, 2024 6:07 am

China's new international land-sea trade corridor records $8.9 billion in TEUs transported

The New International Land-Sea Trade Corridor (ILSTC), which runs through the western part of China, is rapidly expanding, serving as a vital connection between the Silk Road Economic Belt, the 21st-Century Maritime Silk Road, and the Yangtze River Economic Belt. According to the People's...

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