Business & Money | Thursday 28 November, 2024 10:06 am

Nofoth acquires land in Riyadh for SAR 22.1M

Nofoth Food Products Co. acquired a mixed-use commercial and residential land in Hittin district, Riyadh, from Khalaf Rabah Al-Shammari, for SAR 22.1 million (excluding real estate transaction tax and brokerage fees). In a statement to Tadawul, the company said that the step comes as part ...

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Business & Money | Thursday 28 November, 2024 10:01 am

Saudi plans to grant new national carrier license in 2025

Saudi Arabia plans to issue a new national carrier license in Dammam in 2025, as part of the key objectives for the infrastructure and transportation sector announced in the Kingdom's 2025 budget. The Kingdom also plans to launch Riyadh Air, the newest Saudi airline, which is fully owned by...

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Business & Money | Thursday 28 November, 2024 9:58 am

MARAFIQ signs SAR 340.13M contract to convert Yanbu 2 plant to dry gas

Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) signed a three-year contract with Doosan Heavy Industries & Cons Co. Ltd and Doosan Heavy Industries & Construction Co. Ltd for the implementation of a project to convert MARAFIQ's Yanbu 2 plant from the use of liquid fuel to...

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Business & Money | Thursday 28 November, 2024 9:55 am

King Salman inaugurates Riyadh Metro

King Salman bin Abdulaziz Al Saud launched today the Riyadh Metro project. The project is considered the backbone for Riyadh city public transportation network and a key element in its transport system. According to Argaam data, Riyadh Metro spans 176 kilometers and includes 85 stations....

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Business & Money | Thursday 28 November, 2024 9:53 am

Medlab Middle East 2025 to highlight women’s health with a new Women’s Health Leadership Forum

The upcoming edition of Medlab Middle East, the region’s largest medical laboratory exhibition and conference, will spotlight women’s health through a dedicated forum featuring regional leaders in the healthcare and laboratory fields. Taking place on the opening day of Medlab Middle East...

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Business & Money | Thursday 28 November, 2024 9:50 am

Almana Hospitals Receives the Award for Best Medical Waste Management in the Kingdom

 The Almana Group of Hospitals, one of the oldest and largest medical companies in the Kingdom, has been honored with the prestigious award for implementing and upholding the most advanced best practice in medical waste management in Saudi Arabia. This recognition was presented at the third...

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Business & Money | Thursday 28 November, 2024 9:44 am

FLYADEAL EARNS INDUSTRY’S HIGHEST SAFETY RECOGNITION IATA Operational Safety Audit (IOSA) Awarded Following Intensive Audit

 flyadeal has been awarded IATA’s Operational Safety Audit (IOSA), the airline industry’s highest safety accreditation following a comprehensive audit. The endorsement by the International Air Transport Association (IATA) paves the way  for Saudi Arabia’s youngest and...

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Business & Money | Thursday 28 November, 2024 9:42 am

Saudia Group Partners with Saudi Projects to Enrich In-Flight Entertainment

Saudia Group has signed a partnership agreement with Saudi Projects, a leading media platform, in a strategic initiative to enhance local media content and to enrich its in-flight entertainment experience. This collaboration brings episodes of the acclaimed media programs of Saudi Projects to...

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Business & Money | Thursday 28 November, 2024 9:32 am

UAE’s Net Wealth Reached USD 2.9 Trillion in 2023, Reveals BCG Global Wealth Report

Boston Consulting Group's (BCG) annual global wealth report, Global Wealth Report 2024: The GenAI Era Unfolds revealed that the United Arab Emirates' (UAE) net wealth reached USD 2.9 trillion in 2023. The UAE's financial wealth grew by 10% from 2022 to 2023, versus the Middle East and Africa's 8%....

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Business & Money | Thursday 28 November, 2024 9:28 am

Global study from Checkout.com reveals Generation Alpha’s rising influence in Digital Economy

 A global study released by Checkout.com, leading global digital payments provider, highlights the consumer buying behaviour of Generation Alpha, which is powering today’s digital economy. The research, conducted across the UAE, UK, US, and China, reveals and compares a number of trends,...

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