08 Shawwal 1445 - 17 April 2024
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Eye of Riyadh

EU Council approves law targeting organised crime through asset recovery and confiscation
Government | Saturday 13 April, 2024 8:16 am
The Council of the European Union (EU) today adopted a law which sets out EU-wide minimum rules on the tracing, identification, freezing, confiscation and management of criminal property in connection with a wide range of crimes. The directive will better equip member states in their fight...
Action-packed night guaranteed in Abu Dhabi as UFC® 308 confirmed for October 26
Business & Money | Saturday 13 April, 2024 8:14 am
UFC, the world’s premier mixed martial arts organisation, and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), today announced UFC’s much anticipated next championship event in Abu Dhabi on Saturday, 26 October at the Etihad Arena. For UFC® 308, fan favourite Abu Dhabi ...
World's leading financial institutions raise China's 2024 growth forecasts
Business & Money | Saturday 13 April, 2024 8:12 am
A number of leading global financial institutions and banks have revised their 2024 growth forecasts for China upward after improved data and effective policy delivery has raised expectations of a brighter outlook for the world's second-largest economy. According to China Central Television,...
WETEX 2024 to commence in Dubai in October
Business & Money | Saturday 13 April, 2024 8:08 am
Dubai Electricity and Water Authority (DEWA) is organising the 26th Water, Energy, Technology and Environment Exhibition (WETEX) from 1st to 3rd October 2024 at the Dubai World Trade Centre. Saeed Mohammed Al Tayer, MD and CEO of DEWA, Founder and Chairman of WETEX, said that as one of the...
Electronic security supports e-commerce growth in KSA: American Express
Business & Money | Saturday 13 April, 2024 8:07 am
The regulation of e-commerce and the strong electronic security pushed the e-commerce growth rate higher in Saudi Arabia, Al Eqtisadiah newspaper reported, citing Fahad Al Guthami, CEO of American Express Saudi Arabia.   He added that the company recorded a 62% rise in local...
ADF restructures 1,183 NPLs worth SAR 604M in 2023
Business & Money | Saturday 13 April, 2024 8:05 am
The Agricultural Development Fund (ADF) restructured 1,183 non-performing loans (NPLs) worth SAR 604 million for investors and farmers in 2023.   According to its annual report, the fund stated that it collected loans worth SAR 3.44 billion during the fiscal year 2023. The total...
38,900 e-commerce registers issued in Q1 2024
Business & Money | Saturday 13 April, 2024 8:03 am
The total number of e-commerce registers increased by 17% to 38,850 in Q1 2024, from 33.070 in the year-earlier period, the Ministry of Commerce said in its quarterly business sector bulletin. The total number of commercial registers reached 104,000 in the first quarter of the...
Tor Holding And ELIE SAAB Announce Partnership For Dual Real Estate Debut in Turkey.
Business & Money | Friday 12 April, 2024 2:06 pm
Istanbul - ELIE SAAB, one of the World’s leading names in Haute Couture and esteemed luxury lifestyle brand and TOR HOLDING, a Turkish real estate developer known for its innovative projects and global collaborations, announce their partnership for the launch of two real estate projects in...
Sanad solidifies its partnership with Asiana Airlines at AED532 million
Business & Money | Friday 12 April, 2024 7:05 am
Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), solidified its partnership with Asiana Airlines, the second largest airline in South Korea, through a five-year contract extension...
Oil demand will grow 2.25 million bpd: OPEC
Environment & Energy | Friday 12 April, 2024 7:03 am
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025, Reuters reported. In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to ...