20 Sha'aban 1445 - 2 March 2024
    
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Eye of Riyadh

Hilton Makkah Culinary Team Triumphs at Saudi HORECA 2024, Securing Gold, Silver, and Bronze Accolades
Tourism & Hospitality | Wednesday 21 February, 2024 9:35 am
Hilton Makkah proudly announced a remarkable achievement at the prestigious Saudi HORECA 2024 cooking competition, held February 5-7th in Jeddah. The hotel's talented culinary team secured a stunning haul of accolades, including a Gold, Silver, and Bronze awards and merits, firmly establishing...
C1 Extends Market Presence to Saudi Arabia Following Success in Oman, Bahrain and UAE
Business & Money | Tuesday 20 February, 2024 9:07 am
In today's fast-paced business landscape, organizations across industries face a multitude of challenges when it comes to procurement. From inefficient processes to maverick spending and associated risks, the need for advanced solutions has never been more critical.According to recent studies,...
Nazaha investigates 288 suspects in February, arrests 126
Government | Saturday 2 March, 2024 1:28 am
The Oversight and Anti-Corruption Authority (Nazaha) launched investigations into 3,209 criminal and administrative cases in February.   Nazaha investigated 288 persons and arrested 126 suspects, of whom some were released on bail on being involved in bribery, money laundry and...
Enhancing fair trade practices important for economic opportunities in developing countries
Business & Money | Saturday 2 March, 2024 1:26 am
Minister of Finance, Mohammed Al-Jadaan, said that enhancing fair trade practices is important for increasing economic opportunities in developing countries. He also emphasized the need to continue implementing the common framework for debt treatment.   In the first G20 Finance...
Saudi Arabia aims for early education to reach 90% by 2030: Minister
Culture & Education | Saturday 2 March, 2024 1:24 am
Saudi Arabia improved its position in early education from 10% in 2019 to current 34%, aiming to reach 90% by 2030, said Minister of Education, Yousef Al-Benyan. He also emphasized the need to invest in teachers to attain higher skills.   During his participation in the Human...
SAMA Governor says monetary policies should ensure price stability
Business & Money | Saturday 2 March, 2024 1:22 am
Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA) said that monetary policies should ensure price stability and be ready for immediate action to address economic changes.   He added that a stable financial sector is capable of efficiently converting savings into investments,...
Saudi Arabia to build food industrial clusters in Jazan, use Made in Saudi label on Lucid cars
Business & Money | Saturday 2 March, 2024 1:19 am
Saudi Arabia will build food industrial clusters in Jazan, mining industrial clusters in Ras Al-Khair, automotive industrial clusters in Jeddah, and chemicals clusters in Yanbu, Al-Eqtisadiah newspaper reported, citing Bandar Alkhorayef, Minister of Industry and Mineral...
Aramco completes acquisition of Esmax
Business & Money | Saturday 2 March, 2024 1:17 am
Saudi Aramco successfully completed the acquisition of a 100% equity stake in Esmax Distribución SpA (Esmax), a leading diversified downstream fuels and lubricants retailer in Chile.   Esmax has a national presence that includes retail fuel stations, airport operations, fuel...
ThinkMarkets Bolsters MENA Presence by Acquiring DFSA Licence
Business & Money | Friday 1 March, 2024 4:15 pm
ThinkMarkets, the leading multi-asset trading provider, has expanded its presence in the Middle East and North Africa (MENA) region with the recent regulatory approval for a licence from the Dubai Financial Services Authority (DFSA). This new licence allows ThinkMarkets to onboard clients in the...
Masdar finalises joint investment in 3GW UK Offshore Wind Project
Business & Money | Friday 1 March, 2024 7:03 am
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has completed its acquisition of a 49 percent shareholding in the 3 gigawatt (GW) Dogger Bank South (DBS) project – one of the world’s largest planned offshore wind farms. The planned £11 billion joint...
ADNOC closes acquisition of 24.9% stake in OMV
Business & Money | Friday 1 March, 2024 7:00 am
ADNOC announced today that it has formally closed the acquisition of a 24.9 percent shareholding in OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company (Mubadala). The transaction accelerates delivery of ADNOC’s...
UAE participates in G20 Finance Ministers and Central Bank Governors meeting
Government | Friday 1 March, 2024 6:58 am
The United Arab Emirates, represented by the Ministry of Finance and the Central Bank of the UAE, participated in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under Brazil’s presidency held on 28th and 29th February in São Paulo. The UAE delegation, headed by...
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