Business & Money | Friday 4 October, 2024 2:01 pm

Al-Jadaan says GCC states face challenge of reducing oil dependence

Mohammed Al-Jadaan, Saudi Minister of Finance, said that while each GCC country has different economic needs and plans, they all face the challenge of reducing dependence on oil revenues.   In his speech during the 122nd meeting of the GCC Financial and Economic Cooperation...

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Business & Money | Friday 4 October, 2024 1:58 pm

Knowledge City's subsidiary inks 5 contracts for hotels management, operation

Knowledge Economic City Co.'s (KEC) 80%-owned subsidiary Al Geraa International Real Estate Development Co. Signed today, Oct. 3, five contracts for the management and operation of the first phase of hotels coming under the Islamic World District Project (IWD). Being established in the...

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Business & Money | Friday 4 October, 2024 1:23 pm

Specialized professions help cut unemployment in Saudi Arabia: Official

The decline in unemployment rates in Saudi Arabia is driven by the creation of new jobs for citizens, particularly in specialized professions and activities that do not require higher degrees or certifications, Majed Al-Dahwi, Deputy Minister of Human Resources and Social Development,...

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Business & Money | Thursday 3 October, 2024 10:12 am

UAE participates at meeting of BRICS Ministers of Energy in Russia

The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), participated in the meeting of BRICS Ministers of Energy in the Russian capital, Moscow. At the meeting, Eng. Sharif Al Olama, Undersecretary of Energy and Petroleum Affairs at MoEI, highlighted that the UAE’s...

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Business & Money | Thursday 3 October, 2024 10:07 am

UAE continues to pioneer transition to green economy: DSCE Secretary-General

Ahmad Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy (DSCE), highlighted that the UAE continues to pioneer the transition towards a green economy, citing pioneering projects in renewable energy, such as the Mohammed bin Rashid Al Maktoum Solar Park in Dubai and nuclear and...

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Business & Money | Thursday 3 October, 2024 10:04 am

Enhancing technical expertise in judicial system strengthens UAE’s leadership position: UBF Chairman

Abdulaziz Al-Ghurair, Chairman of the UAE Banks Federation (UBF), has praised the recent directives issued by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Dubai Judicial Council. These directives ...

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Business & Money | Thursday 3 October, 2024 10:02 am

Almajed for Oud to list shares, start trading on Oct. 7

The Saudi Exchange (Tadawul) announced that shares of Almajed for Oud Co. will start trading on the Main Market on Monday, Oct. 7, under the symbol 4165 and ISIN Code SA164HF212H1. The shares will have a +/- 30% and +/- 10% daily sand static price fluctuation limits, respectively. These...

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Business & Money | Thursday 3 October, 2024 9:59 am

Kingdom Holding's JEC seals deal with Binladin Group to finalize Jeddah Tower

Kingdom Holding Co. (KHC) announced that its associate, Jeddah Economic Company (JEC), signed today, Oct. 2, an agreement with Saudi Binladin Group (SBG) to resume the construction of the Jeddah Tower project. In a statement to Tadawul, KHC explained that the deal is valued at SAR 7.2 billion. ...

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Business & Money | Thursday 3 October, 2024 9:55 am

Green Mobility Hall at WETEX 2024 highlights the latest innovative solutions for green transport

The Green Mobility Hall at the Water, Energy, Technology and Environment Exhibition (WETEX) hosts leading local and international companies specialising in mobility, transport and green mobility logistics. The Green Mobility Hall highlights the most prominent innovative solutions and practices that ...

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Business & Money | Thursday 3 October, 2024 9:51 am

UAE Sets the Standard in Global Luxury Hospitality: 57% Growth in 20 Years as the Nation Eyes Top 3 Destination Status

The UAE is firmly cementing its position as the global epicenter for luxury hospitality, with 57% growth in luxury hotel supply over the past two decades and a vision to be among the top 3 global destinations by 2033, according to insights shared this morning at the Future Hospitality Summit (FHS)...

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