19 Ramadan 1445 - 29 March 2024
    
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Eye of Riyadh

JCDC launches Jeddah Central project
Business & Money | Thursday 7 March, 2024 9:07 am
Jeddah Central Development Co. (JCDC), a wholly owned subsidiary of the Public Investment Fund (PIF), initiated "Jeddah Central" featuring a sports stadium, opera house, oceanic aquariums, and an industrial museum, aiming to establish a global destination in Jeddah's heart.   Under...
The Sports Boulevard won the
Business & Money | Thursday 7 March, 2024 8:48 am
The Sports Boulevard project, the world’s largest linear park, has been honored with the prestigious KSA 2024 Construction Innovation Awards in the category of “Mega Project of the Year". This distinguished recognition underscores the project's innovative approach to urban development and its...
NEOM unveils Gidori as residential golf community
Tourism & Hospitality | Thursday 7 March, 2024 8:47 am
NEOM's board of directors announced Gidori as an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba, according to a statement. With ambitious architecture that blends with the dramatic natural landscape, Gidori hosts luxury hospitality, premium...
PIF, Mumtalakat sign MoU to promote strategic sector investments in Bahrain
Business & Money | Wednesday 6 March, 2024 12:21 am
The Public Investment Fund (PIF) and Mumtalakat Holding Co., the sovereign wealth fund of the Kingdom of Bahrain, announced today, March 4, signing a memorandum of understanding (MoU). The agreement aims to expand cooperation between the two parties and enable new and promising investment...
Ministry may study dependent levy, new savings products: Al-Jadaan
Government | Wednesday 6 March, 2024 12:20 am
Mohammed Al-Jadaan, Minister of Finance, disclosed that a study is presently in progress to re-evaluate the dependent fee, as Saudi Arabia seeks to attract skilled talents and foster stability, ultimately aiming to enhance the overall productivity.   In a podcast, Al-Jadaan explained ...
LEAP 2024: Alat and KACST partner to support Saudi Arabia’s semiconductor industry
Business & Money | Tuesday 5 March, 2024 10:38 am
Alat, a PIF company, and King Abdulaziz City for Science and Technology (KACST) today signed a partnership agreement to support the development of the semiconductor industry in Saudi. The agreement will contribute to achieving the goals of Saudi Vision 2030 to grow and diversify the national...
DAN COMPANY AND HILTON SIGN AGREEMENT TO OPERATE DAN’s FIRST THREE RESORTS
Business & Money | Monday 4 March, 2024 9:56 am
Following a signing ceremony during a recent visit to Saudi Arabia by global Hilton leaders, leading global hospitality company Hilton and Dan Company, a Public Investment Fund (PIF) company specializing in agritourism, ecotourism, and adventure tourism signed an agreement with Hilton to...
REGA lists violations, penalties for real estate contributions law
Government | Monday 4 March, 2024 9:46 am
The Real Estate General Authority offered, on Istitlaa platform, a table for violations and penalties for the real estate contributions law and its executive regulations, for public opinion no later than March 14, 2024.   Through the table, the authority aims to enhance compliance...
Red Sea subsidiary inks deal with SAB to raise facilities limit by SAR 65M
Business & Money | Monday 4 March, 2024 9:29 am
Red Sea International Co.’s (RSI) subsidiary, Fundamental Installation for Electric Work Co. Ltd., signed an agreement to increase its credit facilities limit with Saudi Awwal Bank (SAB) by SAR 65 million to SAR 196.10 million.   In a statement to Tadawul, the...
Zain KSA achieves record annual revenue of SAR 9.9 Billion in 2023
Business & Money | Sunday 3 March, 2024 9:54 am
Zain KSA unveiled its 2023 financial results, marking a record annual revenue of SAR 9.9 billion, up from SAR 9.1 billion in 2022, with an impressive 9% growth.  This revenue surge propelled Zain KSA  to achieve its highest-ever annual profit, reaching SAR 1.3 billion,  a remarkable...
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