Business & Money | Tuesday 6 June, 2023 4:15 pm

NEOM secures SAR 21 bln investments to build workforce residential communities

NEOM announced today, June 6, that it has finalized contracts with investors for the first phase of its residential communities’ expansion, a social infrastructure project that will house the region’s growing workforce.The agreement amounts to a total value of over SAR 21 billion, NEOM said in...

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Business & Money | Tuesday 6 June, 2023 2:55 pm

Real estate deals hit 3-year low in Shawwal at SAR 8.7 bln

The value of Saudi Arabia's real estate transactions fell 41% year-on-year to nearly SAR 8.7 billion in Shawwal 1444 (April/May 2023), Ministry of Justice data showed. The real estate deals dropped by 24%, or SAR 2.7 billion, month-on-month (MoM). Deals executed in Shawwal 1444 are the...

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Tourism & Hospitality | Tuesday 6 June, 2023 2:47 pm

SAUDIA and Panasonic Avionics Sign Major Agreement for Astrova IFEC Solution

Saudi Arabian Airlines (SAUDIA), the national flag carrier of Saudi Arabia, and Panasonic Avionics Corporation (Panasonic Avionics), the world’s leading supplier of In-flight Entertainment and Communication Systems (IFEC), have signed an agreement for the installation of Astrova on ...

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Government | Tuesday 6 June, 2023 2:38 pm

Ajman Tourism and Ajman Transport Authority Join Forces to Strengthen Collaboration and Foster Common Progress

The Ajman Department of Tourism Development (ADTD) and the Transport Authority in Ajman have officially signed a memorandum of understanding (MoU) to establish a framework for cooperation and collaborative action in shared areas. This significant agreement aims to enhance mutual development and...

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Business & Money | Tuesday 6 June, 2023 2:33 pm

Investcorp Releases 2022 Annual ESG Report Demonstrating Commitment to Responsible Investing

 Investcorp, a leading global alternative investment firm, today released the latest edition of its annual ESG report. The report, titled ‘Responsible Growth’, was released at SuperReturn Berlin, where Investcorp are headline sponsors.  The latest edition of the report outlines...

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Environment & Energy | Tuesday 6 June, 2023 2:29 pm

RECAPP by Veolia launches new rewarding recycling deposit system in the UAE

RECAPP, Veolia’s digital recycling solution for individuals and businesses has launched a new recycling deposit initiative and rewards scheme for implementing reverse vending machines (RVMs) in partnership with the Environment Agency – Abu Dhabi (EAD) and smart deposit machines (RSDMs) to...

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Tourism & Hospitality | Tuesday 6 June, 2023 12:16 pm

Calling All Budding Content Creators: Radisson Hotel Group and Nikon Middle East Team Up to Host Series of Free Workshops in Riyadh

Calling all budding content creators! Take your best shot and capture the best of the city as two iconic brands are teaming up to bring Saudi Arabia's emerging content creators an unforgettable experience. Radisson Hotel Group is teaming up with Nikon Middle East for a series of free content...

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Environment & Energy | Tuesday 6 June, 2023 12:13 pm

RAKTA launches the online taxi booking services via the QR Code

’s (RAKTA) vision of “Pioneering in regulating the transportation sector and ensuring the provision of safe, reliable and smart transportation services.” and RAKTA’s strategy for digital and smart transformation in its services, RAKTA launched the online taxi booking services through the QR ...

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Government | Tuesday 6 June, 2023 11:44 am

Ports, Customs & Free Zone Corporation wins the ME Transport and Logistics Inspiration Award 2023

The Ports, Customs and Free Zone Corporation won the “Most Inspiring Security Solutions” award within the Middle East Awards for Transport and Logistics Services for 2023, in recognition of its efforts in providing the best security solutions that are compatible with best practices and the...

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Business & Money | Tuesday 6 June, 2023 11:30 am

Al Qandeel Contracting secures main works award for DAMAC Hills 2

UAE-based Al Qandeel Contracting LLC has been awarded a contract of AED236 million, for main works at DAMAC’s master development, DAMAC Hills 2. The scope of works will include construction of the main works package for 515 villas at the Camelia cluster, located within the 55 million...

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