Business & Money | Saturday 16 March, 2024 6:38 am

Saudi Cable says unable to publish Q3 2023 financials on time

Saudi Cable Co. announced its inability to disclose its preliminary financial results for the period ended Sept. 30, 2023, within the specified deadline as the auditing process has not been finalized yet.   The financials are expected to be posted on March 17, 2024, according to a...

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Business & Money | Saturday 16 March, 2024 6:36 am

Non-oil activities account for 50% of Saudi GDP

Saudi Arabia's non-oil activities accounted for 50% of GDP in 2023, their highest ever level, based on the Ministry of Economy and Planning’s analysis of data issued by the General Authority for Statistics (GASTAT).   Accordingly, total non-oil economy reached SAR 1.7 trillion at...

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Business & Money | Saturday 16 March, 2024 6:26 am

Air Arabia shareholders approve 20% dividend distribution for FY2023

Air Arabia PJSC shareholders approved the distribution of a 20 percent cash dividend for the financial year ended 31st December, 2023 (FY2023), at the company’s Annual General Meeting (AGM). The dividend, which is equivalent to 20 fils per share, underscores another year of record financial...

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Business & Money | Friday 15 March, 2024 8:29 pm

Ministry of Industry issues 152 licenses worth SAR 6.2B in January

The Ministry of Industry and Mineral Resources issued 152 new industrial licenses in January, at a total investment value of SAR 6.2 billion, according to a statement.  The new licenses covered five industrial activities, with 27 licenses issued in the food production sector, 20 in the...

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Business & Money | Friday 15 March, 2024 12:29 pm

Unlocking Success: The Key Ingredients of a Thriving Business Event

Business events are more than just get-togethers; they're chances to meet new people, get ideas, and grow your business. Some things must work together to ensure the attendees have a memorable and beneficial time, whether it's a meeting, seminar, trade show, or networking event.  What,...

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Business & Money | Friday 15 March, 2024 12:44 am

Careem and ekar partner to offer flexible car sharing in Saudi Arabia

Careem, the region’s leading multi-service app, launches Careem CarSharing in Riyadh in partnership with ekar, the Middle East’s largest car sharing service provider.  Through Careem CarSharing customers can pick up and return vehicles from multiple locations within Riyadh for as...

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Business & Money | Friday 15 March, 2024 12:37 am

Diriyah Company Unveils Cutting-Edge Concept Design for 'The Arena in Diriyah' at MIPIM

Diriyah Company has today unveiled the unique and innovative concept design for The Arena in Diriyah, located on the outskirts of Saudi Arabia’s capital city Riyadh, that has been crafted by London-based HKS Architects to create a technologically advanced, globally significant arena that embodies ...

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Business & Money | Thursday 14 March, 2024 3:09 pm

Big 5 Construct Saudi 2024 breaks record attracting 64,331 attendees

The 12th edition of Big 5 Construct Saudi, the largest construction event in the Kingdom concluded in Riyadh, having welcomed 64,331 attendees across four days from 26 to 29 February 2024 at the Riyadh Front Exhibition & Conference Centre at ROSHN Front. The event was held under the patronage...

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Business & Money | Thursday 14 March, 2024 11:20 am

Moro Hub Presents Green Certificate to Dubai Electronic Security Center (DESC)

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to Dubai Electronic Security Center (DESC). This significant milestone underscores Moro Hub's commitment to sustainability and innovation and recognises DESC's...

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Business & Money | Thursday 14 March, 2024 11:02 am

DIFC announces enactment of new Digital Assets Law

Dubai International Financial Centre (DIFC) announced the enactment of the world’s first Digital Assets Law, a new Law of Security and related amendments to select existing legislation to cater for the consequences of the new digital assets regime and revised security regime. The legislative ...

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