18 Ramadan 1445 - 28 March 2024
    
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Eye of Riyadh

Finance Minister approves new edition of executive regulations for Zakat collection
Government | Sunday 24 March, 2024 11:01 am
The Minister of Finance has approved the executive regulations for the collection of Zakat (the 1445 H edition), which clarify all procedures related to Zakat collection, facilitate collection procedures in all business sectors, and contribute to raising the level of voluntary compliance among...
Eid Al-Fitr holiday announced for private, non-profit sectors
Government | Sunday 24 March, 2024 10:50 am
The Ministry of Human Resources and Social Development (HRSD) announced today, March 23, the dates for the four-day Eid Al-Fitr holiday for the private and non-profit sectors starting from Monday, April 8.   Eid Al-Fitr holiday will commence for the public sector by the...
SAL details agreement with Tibah Airports to develop new cargo terminal
Business & Money | Sunday 24 March, 2024 10:46 am
SAL Saudi Logistics Services Co.’s agreement with Tibah Airports Operation Co. for the lease of land at Prince Mohammed Bin Abdulaziz International Airport in Madinah is valued at SAR 420,000 per year, or a percentage of the revenue, whichever is higher.   The percentage of the...
Alandalus, Sulaiman Al Habib to begin gradual ops at Jeddah hospital on March 31
Business & Money | Sunday 24 March, 2024 10:44 am
Alandalus Property Co. and Dr. Sulaiman Al Habib Medical Services Group said that Al-Fayhaa Hospital in Jeddah will open doors and start phased operations on March 31. The final license was obtained from the Ministry of Health on March 23, both companies said in separate...
ACWA Power's NOORo III in Morocco offline due to forced outage
Business & Money | Sunday 24 March, 2024 10:42 am
ACWA Power announced a forced outage at its NOORo III plant in Morocco after receiving a notice from the project’s company about a leak in the hot molten salts tank. The preliminary analysis showed that the forced outage will last until November 2024.   The preliminary estimates...
How Saudi’s Leading E-commerce Marketplace Mazeed is Personalizing Customer Engagement During Ramadan
Business & Money | Sunday 24 March, 2024 10:19 am
For consumer brands in Saudi, Ramadan is nothing short of a retail phenomenon. Rising disposable incomes and the accompanying spending, which have increased the GDP contribution of the retail industry to over 10% in Saudi, become more evident during the holy month of Ramadan. Much like the...
OPEC Fund provides US$50 mn loan to support agriculture and food sector in Türkiye, prioritizing earthquake-hit regions
Business & Money | Sunday 24 March, 2024 10:10 am
The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to support the agricultural and food production sectors, prioritizing 11 cities hit by the devastating earthquakes of February 2023. The Development and Investment Bank of Türkiye (TKYB) will...
Sharjah Islamic Bank provides first Islamic financial facility for Turkiye Wealth Fund
Business & Money | Sunday 24 March, 2024 9:21 am
Sharjah Islamic Bank (SIB) and the Turkiye Wealth Fund (TWF) announced the signing of an agreement to provide a Shariah-compliant Murabaha facility worth $100 million USD, for a period of 3 years. This agreement, facilitated by Dogan Investment Bank, marks the first time the Turkish Sovereign...
UAE participates in Nuclear Energy Summit in Brussels
Government | Saturday 23 March, 2024 7:11 am
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, led the UAE delegation participating in the Nuclear Energy Summit that was held for the first time on Thursday in the Belgian capital, Brussels. It was organised and hosted by the Belgian government and the International...
Response Plus Holding net profit surges 68% to AED 49.39 million during 2023
Business & Money | Saturday 23 March, 2024 7:09 am
Response Plus Holding PJSC (ADX: RPM) has released its audited financial results for the period ending December 31, 2023. The Group’s net profit surged 68 percent to AED 49.39 million during 2023, compared to AED 29.31 million recorded in the previous year, while the Group’s Revenue...
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