19 Ramadan 1445 - 29 March 2024
    
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Eye of Riyadh

Saudi Arabia launches Phase II of Madinah airport expansion project
Business & Money | Saturday 23 March, 2024 6:40 am
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...
HRSD seeks feedback on amendments to draft law of criminalizing irregular labor practices
Government | Saturday 23 March, 2024 6:39 am
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...
SAL signs deal with Taiba Airports to develop new air cargo terminal
Business & Money | Saturday 23 March, 2024 6:30 am
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...
Bonyan REIT inks SAR 500M credit facility deal with Alinma Bank
Business & Money | Friday 22 March, 2024 7:43 am
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...
The Arab Energy Fund posts highest net income on record for second straight year
Environment & Energy | Friday 22 March, 2024 1:53 am
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...
“Huawei Saudi” and Digital Government Authority (DGA) Announce  Cooperation to Enhance Saudi Government App Experience
Technology & IT | Friday 22 March, 2024 1:52 am
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 ...
Gold prices surpass $2,200 for first time ever
Business & Money | Thursday 21 March, 2024 11:04 am
Gold prices jumped today, March 21, above $2,200 for the first time ever after the Federal Reserve kept interest rates unchanged and maintained its view for the number of cuts at three.   Fed Chair Jerome Powell said that officials want to see more evidence that inflation is coming...
Yansab shareholders OK retaining SAR 1.7B from statutory reserve
Business & Money | Thursday 21 March, 2024 10:58 am
Yanbu National Petrochemical Co.’s (Yansab) shareholders approved transferring SAR 1.69 billion in statutory reserve, as per financial statements for the year ended on Dec. 31, 2023, to the retained earnings, during the extraordinary general meeting (EGM) held on March 20, according to a...
Alandalus Property leases office building for SAR 114.3M
Business & Money | Thursday 21 March, 2024 10:34 am
Alandalus Property Co. signed, on March 20, a lease contract for the Yasmine Alandalus office building with Expenditure & Projects Efficiency Authority at a total value of SAR 114.3 million (VAT inclusive), according to a statement to Tadawul.   The lease term will start...
HRSD to approve new amendments to flexible, freelance work system: Report
Government | Wednesday 20 March, 2024 12:39 pm
The of Human Ministry Resources and Social Development (HRSD) is set to unveil a decision regarding amendments to the flexible and freelance work system during the coming week or after Eid Al-Fitr, the Saudi newspaper Al Eqtisadiah reported.   The newspaper stated that the...
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