Business & Money | Sunday 8 September, 2024 10:25 am

Emaar EC assigns Finance Ministry loan to PIF, signs 2 agreements

Emaar The Economic City (Emaar EC) received on Sept. 5 a notice from the Ministry of Finance regarding the ministry’s loan assignment agreement with the Public Investment Fund (PIF), according to a statement to Tadawul. Under the agreement, the remaining loan amount of SAR 2.91 billion, as...

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Business & Money | Sunday 8 September, 2024 10:20 am

Mobily inks hosting agreement with Red Bull Mobile

Etihad Etisalat Co. (Mobily) signed, on Sept. 5, a hosting agreement with Red Bull Mobile (Future Networks Communications Co.). In a statement to Tadawul, the company said that the contract includes hosting Red Bull Mobile as an MVNO on Mobily’s network for six years. The cumulative...

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Business & Money | Sunday 8 September, 2024 9:58 am

Alandalus constructs office building in Riyadh at SAR 140M

Alandalus Property Co. announced constructing an office building project in Al-Malqa district on King Salman Road in Riyadh, through Mawarid Al-Tamyouz Co., a real estate limited liability company recently  acquired by Alandalus. The project cost is estimated at SAR 140 million,...

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Business & Money | Sunday 8 September, 2024 9:33 am

General Organization for Social Insurance and Insurance Authority sign MoU to enhance cooperation in insurance products and services

 The General Organization for Social Insurance (GOSI) today signed a memorandum of understanding (MoU) with the Insurance Authority (IA) to cooperate in providing insurance products and services, developing related electronic and digital transactions, exchanging expertise, and enhancing...

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Business & Money | Saturday 7 September, 2024 1:37 pm

Private sector employs 11.6M workers in August: NLO

The total number of workers in the Saudi private sector reached 11.57 million in August 2024, the National Labor Observatory (NLO) said.   The number of nationals employed in the private sector totaled 2.37 million, of whom 1.4 million are males, and...

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Business & Money | Saturday 7 September, 2024 1:30 pm

MAWANI says container handling reaches 686,700 TEUs in August

Saudi ports reported a 5.01% drop in cargo throughput tonnage to 685,650 tons in August, compared to 721,820 tons in the same period a year ago.   In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers rose 15.24% to 261,290 in August, from 226,740 in the...

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Business & Money | Friday 6 September, 2024 1:17 pm

Fintech platforms add SAR 5B in AUMs: Official

Fintech platforms added SAR 5 billion to the assets under management (AUMs) in the capital market, marking an increase of 267% since the start of operations in 2022 until H1 2024, Al-Eqtisadiah newspaper reported, citing Abdullah Binghannam, Capital Market Authority (CMA) Deputy for Listed...

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Business & Money | Friday 6 September, 2024 1:14 pm

Alkhorayef calls on Chinese firms to invest in automobiles, aircraft industries

Minister of Industry and Mineral Resources, Bandar Alkhorayef, called on Chinese companies to invest in promising industrial sectors that the National Industrial Strategy aims to localize and develop, with a focus on key areas such as automobiles, food, pharmaceuticals, and...

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Tourism & Hospitality | Friday 6 September, 2024 12:53 am

A look at municipal services fees for tourist hospitality facilities licenses in KSA

Saudi Arabia’s Minister of Municipalities and Housing Majed Al Hogail issued a decision to scrap fees for issuing commercial licenses for hotels, hotel apartments, and residential resorts, effective as of Sept. 4.   Under the Regulations of Municipal Services Fees, issued on Jan....

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Business & Money | Thursday 5 September, 2024 11:54 am

Minister of Transport and Logistic sponsors the 5th edition of Saudi Maritime & Logistics Congress 2024

The fifth edition of Saudi Maritime & Logistics Congress is being sponsored by His Excellency the Minister of Transport and Logistic Services, Eng. Saleh bin Nasser Al-Jasser, who will also make the Keynote Address on Day One.  The exhibition and conference is set to take place at the ...

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