Business & Money | Sunday 10 September, 2023 4:38 pm

Roshn signs SAR 7.7 bln agreement with Chinese firm to build residential villas

The Roshn Group, one of the major projects of the Public Investment Fund (PIF), signed a partnership agreement with China Harbour Engineering Company to construct residential villas in the SEDRA and WAREFA projects in Riyadh, with a total value of up to SAR 7.7. bln   Roshn...

More Details

Business & Money | Sunday 10 September, 2023 2:56 pm

Retal launches real estate projects worth over SAR 5 bln

Retal Urban Development Co. launched today, Sept. 10, new real estate projects worth more than SAR 5 billion, including the Ritz-Carlton Hotel in Al-Khobar. The announcement was made at the Cityscape Global exhibition, which takes place in Malham, north of the capital. ...

More Details

Business & Money | Sunday 10 September, 2023 2:33 pm

NHC unveils new real estate projects worth SAR 42 bln

National Housing Co. (NHC) announced, during the first day of Cityscape Global exhibition, three luxury projects in Al Forsan and Khuzam suburbs, which provide 86,000 housing units with a value exceeding SAR 42 billion.   An agreement was signed for the establishment of a new...

More Details

Business & Money | Sunday 10 September, 2023 1:21 pm

‘Thakher Makkah’ Unveils SAR 200M Project during Cityscape Global

Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, has announced the launch of “Radisson Hotel & Residences”, with a value exceeding SAR 200 Million.  The announcement was made during the Cityscape Global Exhibition,...

More Details

Government | Sunday 10 September, 2023 9:48 am

Saudi Arabia, US sign MoU to establish intercontinental green transit corridors

Saudi Arabia and the US signed on Sept. 8, a memorandum of understanding (MoU) between the two countries.The MoU provides a framework for developing a protocol on establishing intercontinental green transit corridors through the Kingdom to connect Asia with the European continent.The  project...

More Details

Government | Sunday 10 September, 2023 9:44 am

Shura Council to discuss amending Premium Residency Law: Report

The Shura Council will discuss the recommendations of the Security and Military Affairs Committee on amending the Premium Residency Law on Sept. 11, Al Riyadh newspaper reported.   The Premium Residency Law and its Regulations came into force in May 2019, Argaam earlier...

More Details

Business & Money | Sunday 10 September, 2023 9:43 am

Italian banks study to enter Saudi market in coming period: Report

Some Italian banks are considering entry into the Saudi market over the coming period, in line with the strengthening of business relations between Riyadh and Rome, Asharq Al-Awsat newspaper reported, citing unnamed banking sources.   The economic relations between both countries may ...

More Details

Business & Money | Saturday 9 September, 2023 12:57 am

Aramco dividend to push govt budget into additional surplus

Saudi Arabia's budget estimates have not been revised for 2023, but factoring in Aramco’s PLD the government surplus might reach SAR 56 billion despite the output cut, Al Rajhi Capital stated in a recent report.   "For 2023, we believe oil revenues could reach SAR 749 billion...

More Details

Government | Saturday 9 September, 2023 12:20 am

Saudi Arabia aims to enhance competitiveness of GCC economy: Minister

Saudi Arabia's Minister of Economy and Planning, Faisal Al-Ibrahim, affirmed that the Kingdom seeks to enhance the competitiveness of GCC economy.   "We are determined to achieve more coordination, integration and interdependence between our countries," the minister...

More Details

Environment & Energy | Saturday 9 September, 2023 12:06 am

Mining sector witnesses great development: Almudaifer

The stereotype about the mining sector changed, as the industry is currently witnessing great and radical development, Saudi Press Agency reported, citing Khalid Almudaifer, Vice Minister of Industry and Mineral Resources.   This comes after the adoption of the latest technologies...

More Details