15 Muharram 1446 - 21 July 2024
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Eye of Riyadh

Snap Inc. announces Abdulla Alhammadi as new Managing Director in Saudi Arabia
Business & Money | Monday 15 July, 2024 11:43 am
In a strategic move to continue its success in Saudi Arabia, Snap Inc. announced today the appointment of Abdulla Alhammadi as Managing Director in KSA. Previously the Regional Business Lead at Snap, Alhammadi will transition into his new role where he will be based in KSA to support the growth of...
Ministry of Energy and Infrastructure, Emirates Transport to support green mobility
Business & Money | Monday 15 July, 2024 11:38 am
The Ministry of Energy and Infrastructure (MoEI), represented by UAEV, and Emirates Transport will cooperate in installing and operating EV charging stations at Emirates Transport buildings. The move aligns with UAEV’s mission of supporting the shift to green mobility and contributing to the ...
Saint-Gobain Construction Chemicals Strengthens Its Presence in The United Arab Emirates
Business & Money | Monday 15 July, 2024 11:10 am
Saint-Gobain Construction Chemicals, through its Chryso subsidiary, has completed the acquisition of WinChem Middle East Chemical Industries LLC ("WinChem"), a manufacturer and supplier of concrete admixtures serving the construction industry in the United Arab Emirates. Established in 2014,...
Azizi Developments partners with Unigulf Development for Azizi Venice and Riviera
Business & Money | Monday 15 July, 2024 11:08 am
Azizi Developments, a leading private developer, has signed an agreement with UAE-based company Unigulf Development for the supply of high-quality soft thermal insulation material for its mixed-use Dubai South development, Azizi Venice, and the fourth phase of its mega-project, Riviera, located in...
Selangor Red Giants dedicate Mobile Legends: Bang Bang triumph to fans who traveled from across the world to support them in Saudi Arabia
Sports | Monday 15 July, 2024 11:03 am
Selangor Red Giants dedicated their Mobile Legends: Bang Bang trophy win at the Esports World Cup on Sunday to all the fans who came to Saudi Arabia from across the globe to cheer them to victory.  The Malaysian side beat Saudi Arabian/Philippines outfit Team Falcons AP Bren 4-3 in an...
ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach
Business & Money | Monday 15 July, 2024 10:17 am
ADNOC Gas plc today announced the award of engineering, procurement and construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement "ESTIDAMA Project". Separately, ownership of ESTIDAMA is being transferred from ADNOC Gas to ADNOC, thereby significantly...
27 firms list shares on Nomu, 3 move to TASI: Kafalah
Business & Money | Monday 15 July, 2024 10:13 am
The Small and Medium Enterprises Loan Guarantee Program (Kafalah) supported almost 27 medium-sized companies to list shares on the Nomu-Parallel Market, CEO Homam Hashem told CNBC Arabia. Three of these companies have transitioned to the Main Market (TASI). Since its launch in 2006 until...
Saudi Arabia tops MENA for venture capital investment in H1 2024
Business & Money | Monday 15 July, 2024 10:10 am
Saudi Arabia has taken the top rank across MENA in terms of the amount of venture capital (VC) funding in H1 2024, with about $412 million, according to venture data platform MAGNiTT.   The Saudi venture investment market began the year in line with its performance in H1 2023, with...
Diriyah Club ownership transferred to PIF
Business & Money | Monday 15 July, 2024 10:08 am
Diriyah Company announced that the ownership of Diriyah Club has been now transferred to Diriyah Company, owned by the Public Investment Fund (PIF). Crown Prince Mohammed bin Salman has been named as Chairman. On its X platform, the company said the ownership has been transferred in line with...
Sure inks SAR 52M contract to develop digital platform for infath
Business & Money | Monday 15 July, 2024 10:06 am
Sure Global Tech Co. signed, on July 14, a contract worth SAR 51.99 million (VAT inclusive) to develop a digital platform for the Entrustment and Liquidation Center (infath). The three-year contract covers providing technical support to infath to help expedite and automate the liquidation...