Business & Money | Monday 25 March, 2024 10:38 am

Aramco seeks to be key partner in China's economic development journey: Nasser

Saudi Arabian Oil Co. (Saudi Aramco) seeks to be a key partner in China's economic development journey, said President and CEO Amin Nasser.   China is not just a market for Aramco; hence the company is exploring the new opportunities there, Nasser said in his speech at China...

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Government | Sunday 24 March, 2024 10:50 am

Eid Al-Fitr holiday announced for private, non-profit sectors

The Ministry of Human Resources and Social Development (HRSD) announced today, March 23, the dates for the four-day Eid Al-Fitr holiday for the private and non-profit sectors starting from Monday, April 8.   Eid Al-Fitr holiday will commence for the public sector by the...

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Business & Money | Sunday 24 March, 2024 10:46 am

SAL details agreement with Tibah Airports to develop new cargo terminal

SAL Saudi Logistics Services Co.’s agreement with Tibah Airports Operation Co. for the lease of land at Prince Mohammed Bin Abdulaziz International Airport in Madinah is valued at SAR 420,000 per year, or a percentage of the revenue, whichever is higher.   The percentage of the...

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Business & Money | Saturday 23 March, 2024 6:58 am

ROSHN Supercharges its App with Boxo Partnership

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted developer, has heralded a substantial increase in the capabilities of its Superapp through its latest agreement with Boxo, the Singapore-based tech firm. The two companies participated in a signing ceremony at ROSHN HQ, where ...

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Business & Money | Saturday 23 March, 2024 6:40 am

Saudi Arabia launches Phase II of Madinah airport expansion project

Prince Salman bin Sultan bin Abdulaziz, Governor of Madinah and Chairman of Al Madinah Region Development Authority, inaugurated Phase II of Prince Mohammad Bin Abdulaziz International Airport's development and expansion project.   The project worth up to SAR 1.2 billion aims to...

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Government | Saturday 23 March, 2024 6:39 am

HRSD seeks feedback on amendments to draft law of criminalizing irregular labor practices

The Ministry of Human Resources and Social Development (HRSD) invited the public and those interested to express their opinions on the draft law of criminalizing irregular practices that negatively affect the labor market.   The ministry seeks the public's proposals for articles to...

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Business & Money | Saturday 23 March, 2024 6:30 am

SAL signs deal with Taiba Airports to develop new air cargo terminal

SAL Saudi Logistics Services Co. and Taiba Airports signed on March 21 a 16-year agreement to establish a new air cargo terminal at Prince Mohammad Bin Abdulaziz International Airport in Madinah.  The deal aims to boost the air cargo capacity at the airport and ensure the provision of...

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Business & Money | Friday 22 March, 2024 7:43 am

Bonyan REIT inks SAR 500M credit facility deal with Alinma Bank

Bonyan REIT Fund inked a Shariah-compliant credit facility deal worth SAR 500 million with Alinma Bank, fund manager Saudi Fransi Capital said in a statement to Tadawul.   The agreement runs for seven years, with margins paid quarterly, beginning with a cash withdrawal for...

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Environment & Energy | Friday 22 March, 2024 1:53 am

The Arab Energy Fund posts highest net income on record for second straight year

The Arab Energy Fund (formerly APICORP), a multilateral impact financial institution focused on the energy sector, announced today its financial results for the period ended December 31, 2023.   In a statement to Argaam, the results showed that the fund achieved its highest ever net...

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Technology & IT | Friday 22 March, 2024 1:52 am

“Huawei Saudi” and Digital Government Authority (DGA) Announce Cooperation to Enhance Saudi Government App Experience

Huawei Saudi Arabia and the Digital Government Authority (DGA) of Saudi Arabia announced a significant collaboration in the digital transformation and emerging technologies, to enhance the accessibility, elevate the digital content and user experience of government applications on Huawei devices in ...

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