Tourism & Hospitality | Sunday 17 September, 2023 11:17 am

GEA Chairman unveils new identity for Riyadh Season

Riyadh Season will open for its fourth edition under a revamped identity and a new logo –"Big Time".   Turki Al-Sheikh, Chairman of General Entertainment Authority (GEA), announced the new innovative identity in a tweet on "X" platform (formerly Twitter).   The...

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Business & Money | Sunday 17 September, 2023 8:57 am

RER concludes participation at Cityscape Global, unveils five-year plan and goals

The Real Estate Registry (RER) has wrapped up its participation in Cityscape Global, hosted in Riyadh from September 10 to 13, 2023, with a Memorandum of Understanding. Revealing its targets for the next five years, RER also announced that nearly 80% of all properties across the Kingdom are ready...

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Environment & Energy | Saturday 16 September, 2023 2:47 am

IEA forecast of peak fossil fuel demand ‘impractical’: OPEC

The Organization of the Petroleum Exporting Countries (OPEC) criticized on Sept. 14 the International Energy Agency’s (IEA) forecast that demand for fossil fuels like coal, oil and gas will peak before the end of the decade, describing such a narrative as “extremely risky,” “impractical”...

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Business & Money | Saturday 16 September, 2023 2:44 am

ROSHN has SAR 10 bln cash to finance real estate projects: CEO

ROSHN Real Estate Co., a wholly-owned subsidiary of the Public Investment Fund (PIF), has nearly SAR 10 billion in its balance sheet to finance real estate projects, CEO David Grover told Asharq. Although ROSHN has not yet withdrew the SAR 6 billion credit facilities secured from three local...

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Business & Money | Saturday 16 September, 2023 1:42 am

Aramco acquires Esmax, enters Latin America’s retail market

Saudi Aramco agreed to purchase a 100% equity stake in Esmax Distribusción SpA (Esmax) from Southern Cross Group, a Latin America-focused private equity company.     Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence...

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Government | Saturday 16 September, 2023 1:35 am

GAC files criminal cases against 43 establishments in car market

The General Authority for Competition (GAC) brought charges against several car agents and distributors, deciding to file criminal cases against 43 establishments in the sector and 24 in other segments. It will also hold investigations into the collusion of eight establishments for SAR 600 million...

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Culture & Education | Friday 15 September, 2023 2:29 am

Royal Commission for AlUla and Antiquities Association sign co-operation agreement at AlUla

The Royal Commission for AlUla (RCU) and Saudi Arabia’s Antiquities Association have signed an agreement to promote research and community participation in the fields of antiquities and cultural heritage, during this week’s AlUla World Archaeology Summit.The agreement, signed by Dr Abdulrahman...

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Business & Money | Friday 15 September, 2023 12:47 am

MAWANI says container handling up 5% to 721,600 TEUs in August

Saudi ports reported a 5% rise in container handling to 721,630 twenty-foot equivalent units (TEUs) in August 2023, compared to 688,670 TEUs in the same month last year.  In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers grew by nearly 6% to 218,050 in...

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Business & Money | Thursday 14 September, 2023 3:58 pm

New Exhibitors Sign Up to WTM London 2023

 ·        World Travel Market will be 20% larger in 2023 – versus 2022 show;·        14% of exhibitor bookings are new;·        Compared to pre-pandemic figures (2019), private sector...

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Business & Money | Thursday 14 September, 2023 12:16 pm

Sumou Real Estate inks MoU with Emaar EC

Sumou Real Estate Co. signed on Sept. 13 a memorandum of understanding (MoU) with Emaar the Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC).   The MoU is valid for six months and aims to discuss ways of joint cooperation to study the available...

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