Tourism & Hospitality | Wednesday 24 April, 2024 9:39 am

LPM Restaurant & Café Riyadh Indulges in Seasonal Delights with the New Business Lunch Experience

LPM Restaurant & Café Riyadh, renowned for its unique French-Mediterranean culinary offerings, is excited to announce the launch of fresh seasonal additions to its Business Lunch menu, now available to guests, Sunday through Thursday from 12:30 PM to 3:30 PM.   Honoring the rich ...

More Details

Tourism & Hospitality | Wednesday 24 April, 2024 9:37 am

Sustainable Horizons: how the Saudi hospitality industry is helping to ensure a clean, green future in the Kingdom

With the spotlight on sustainability like never before, the hospitality industry the world over can – and is – playing a key role in supporting government ESG initiatives and green goals.  The Saudi Green Initiative, launched in 2021 by His Royal Highness Prince Mohammed bin Salman...

More Details

Business & Money | Wednesday 24 April, 2024 9:16 am

Flynas posts SAR 6.3B revenue in 2023, sees annual profit since 2015

Flynas CEO Bandar Al-Mohanna said that the carrier's total revenues in 2023 amounted to SAR 6.3 billion, up 32% compared to 2022. These statements came today at the Airline Economics Conference, hosted by Riyadh city on April 22-23, in which he confirmed that flynas, which was founded in 2007, ...

More Details

Business & Money | Wednesday 24 April, 2024 9:03 am

Sure wins SAR 13.9M contract from GAFT

Sure Global Tech Co. was awarded a 30-month contract valued at SAR 13.86 million (VAT inclusive) by the Saudi General Authority of Foreign Trade (GAFT) to develop commodity supply chain. In a statement to Tadawul, Sure said it will develop supply chains for essential materials, goods, as well...

More Details

Business & Money | Tuesday 23 April, 2024 1:22 pm

Alqemam inks SAR 7.3M contract to provide technical services

Alqemam for Computer Systems Co. signed, on April 22, a contract with Afaq Saher Contracting Est. to implement information technology services with technical support and operations for licenses, digital platforms, network, and information technology infrastructure for one of its clients. The...

More Details

Business & Money | Tuesday 23 April, 2024 1:06 pm

MEPCO approves SAR 1.78B budget to start cardboard factory project

Middle East Paper Co. (MEPCO) announced the start of the cardboard factory project (fifth paper line), with a production capacity of 450,000 tons, according to a statement to Tadawul. The feasibility study for the project has been completed and a final budget of SAR...

More Details

Culture & Education | Tuesday 23 April, 2024 11:38 am

During its 46th session, King Faisal Prize Recognized Other Outstanding Figures in the Fields of Islamic Studies, and Service to Islam

During the 46th session of King Faisal Prize on April 22, exceptional accomplishments in the fields of gene therapy for neuromuscular diseases and groundbreaking RNA discoveries were acknowledged. Professor Jerry Mendell was awarded the Medicine Prize for his groundbreaking contributions to the...

More Details

Business & Money | Tuesday 23 April, 2024 11:14 am

ACWA Power in talks for selective asset sales: CEO

ACWA Power Co. is in negotiations for selective asset sales to long-term investors such as pension funds, CEO, Marco Arcelli, said. In his remarks to Asharq on the sidelines of the World Energy Conference in Rotterdam, the Netherlands, Arcelli said long-term investors are seeking returns from...

More Details

Business & Money | Tuesday 23 April, 2024 10:54 am

Dubai Chamber of Digital Economy attracted 9 MNCs with AED304 billion combined value in 2023

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the combined market value of the nine multinational companies (MNCs) it successfully attracted to Dubai last year exceeds AED304 billion (US$82.84 billion). The...

More Details

Business & Money | Tuesday 23 April, 2024 10:51 am

ADCB's brand value surges over 8% in 2023, reaching AED 10.5 billion

Abu Dhabi Commercial Bank (ADCB) has seen the value of its brand increase 8.7 percent over the last year to reach AED 10.5 billion, according to the 2024 Banking 500 report from Brand Finance, the leading global brand valuation consultancy. As a result, ADCB has moved up four places to rank...

More Details