| Monday 29 April, 2024 10:21 am

Automechanika Riyadh opens tomorrow

Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, opens tomorrow for its sixth edition. From 30 April to 2 May 2024 at the Riyadh International Convention and Exhibition Centre (RICEC), the event will feature over 340 exhibitors from 26 countries and is...

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Business & Money | Monday 29 April, 2024 10:17 am

Al Rajhi Bank’s financing portfolio grows, NPL coverage hits 175%, says Chairman

Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of Al Rajhi Bank, announced today that Al Rajhi Bank has achieved its highest quarterly profits since its founding, with a net income reaching 4,405 million riyals for the first quarter of 2024. This represents an increase of...

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Business & Money | Monday 29 April, 2024 10:10 am

DIFC delivers record 23 percent YoY growth in underwriting volumes, reaching annual $2.6 bn in gross written premiums

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has consolidated its position as the principal hub for the (re)insurance industry, with the highest gross written premiums (GWP) recorded in its 20-year history at ...

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Government | Monday 29 April, 2024 10:07 am

Bin Touq, Estonian counterpart explore potential avenues for expanding cooperation

Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Tiit Riisalo, Minister of Economic Affairs and Information Technology in the Republic of Estonia. The meeting explored the possibilities for expanding cooperation in key sectors between the two countries, including the...

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Business & Money | Monday 29 April, 2024 10:04 am

AIM Congress 2024: 450+ Dialogue sessions to be hosted with 330+ global partners

The AIM Investment Summit 2024 announced the organisation of over 450 dialogue sessions, featuring 900 speakers and experts from around the globe, in collaboration with 330+ local, international, and global partners. Twenty-four of these partners serve as supporting sponsors of the main conference, ...

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Business & Money | Monday 29 April, 2024 9:41 am

MESC secures SAR 100M credit facility from Al Rajhi Bank

Middle East Specialized Cables Co. (MESC) secured a Shariah-compliant credit facility worth SAR 100 million with Al Rajhi Bank on April 28, according to a statement to Tadawul. The facility, which runs for one calendar year, will go for financing the company's working capital, it...

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Tourism & Hospitality | Sunday 28 April, 2024 2:03 pm

NEOM, Marriott International launch Ritz-Carlton Reserve in Trojena

Marriott International signed an agreement with NEOM to open its second Ritz-Carlton Reserve in Saudi Arabia. Anticipated to open in Trojena, a year-round mountain destination located in the northwest region of the country, the property will offer a complete escape into a private world of...

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Government | Sunday 28 April, 2024 1:59 pm

REGA issues 33 off-plan sales licenses in Q1 2024 for 13,907 units

The Real Estate General Authority (REGA) issued 33 off-plan sales licenses in Q1 2024 to provide 13,907 new units available in the market. REGA’s Official Spokesperson, Tayseer Al-Mufarrej, said that there are 153 qualified developers engaged in real estate development activities across ...

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Environment & Energy | Sunday 28 April, 2024 1:55 pm

Aramco, Rongsheng explore new opportunities in Saudi, China

Saudi Aramco is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery Co. (SASREF) with Chinese partner Rongsheng Petrochemical Co. Ltd. (Rongsheng) and significant investments in the Saudi and Chinese petrochemical sectors, in partnership with...

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Business & Money | Sunday 28 April, 2024 1:31 pm

Azizi Developments, Dezign Technic partner for Azizi Venice

Azizi Developments, a leading private developer in the UAE, has announced its partnership with Dubai-based design consultant firm Dezign Technic for signage and wayfinding designs in its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. DezignTechnic,...

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