11 Rabi' I 1445 - 26 September 2023
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Eye of Riyadh

Roshn signs SAR 7.7 bln agreement with Chinese firm to build residential villas
Business & Money | Sunday 10 September, 2023 4:38 pm
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...
Retal launches real estate projects worth over SAR 5 bln
Business & Money | Sunday 10 September, 2023 2:56 pm
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. ...
NHC unveils new real estate projects worth SAR 42 bln
Business & Money | Sunday 10 September, 2023 2:33 pm
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...
‘Thakher Makkah’ Unveils SAR 200M Project during Cityscape Global
Business & Money | Sunday 10 September, 2023 1:21 pm
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,...
Saudi Arabia, US sign MoU to establish intercontinental green transit corridors
Government | Sunday 10 September, 2023 9:48 am
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...
Shura Council to discuss amending Premium Residency Law: Report
Government | Sunday 10 September, 2023 9:44 am
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...
Italian banks study to enter Saudi market in coming period: Report
Business & Money | Sunday 10 September, 2023 9:43 am
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 ...
Aramco dividend to push govt budget into additional surplus
Business & Money | Saturday 9 September, 2023 12:57 am
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...
Saudi Arabia aims to enhance competitiveness of GCC economy: Minister
Government | Saturday 9 September, 2023 12:20 am
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...
Mining sector witnesses great development: Almudaifer
Environment & Energy | Saturday 9 September, 2023 12:06 am
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...