Business & Money | Sunday 29 December, 2024 10:10 am

Municipal Affairs Minister approves Public Facility Protection Law Regulations

Majed Al-Hogail, Minister of Municipal and Rural Affairs and Housing, approved the executive regulations for the Protection of Public Facilities, Umm Al Qura newspaper reported. The regulations will come into effect from the date of their publication in the official gazette. They obligate ...

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Business & Money | Sunday 29 December, 2024 10:07 am

Al Akaria sells 17 land lots in Riyadh for SAR 145.15B, sees capital gain of SAR 125.74M

Saudi Real Estate Co. (Al Akaria) announced the sale of 17 plots of land in Riyadh through an electronic public auction held on Dec. 26, for a total value of SAR 145.15 million (excluding real estate transaction tax and brokerage fees). In a statement to Tadawul, the company said that the...

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Business & Money | Sunday 29 December, 2024 10:04 am

ADES wins jack-up rig contract in Thailand with backlog of SAR 1.04B

ADES Holding Co. received a letter of award from PTTEP Energy Development Co. Ltd. (PTTEP) for an offshore jack-up drilling contract in the Gulf of Thailand, with an estimated backlog of SAR 1.035 billion. In a statement to Tadawul, the company said that the award is for a five-year...

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Business & Money | Saturday 28 December, 2024 10:18 am

Mohammed bin Rashid reviews progress of AED3.6 billion Hatta development projects, visits Hatta Winter Festival

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said today that Dubai remains committed to continuously enhancing its services, facilities, and infrastructure to consolidate its position as one of the world’s best cities to live, work, and...

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Business & Money | Saturday 28 December, 2024 10:16 am

Environment Agency – Abu Dhabi launches international standard carbon Measurement, Reporting, and Verification programme

The Environment Agency – Abu Dhabi (EAD) has launched an international standard carbon Measurement, Reporting, and Verification (MRV) programme as a pivotal step towards addressing carbon emissions in the emirate. EAD has made significant progress in studying the possibility of implementing...

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Business & Money | Saturday 28 December, 2024 10:02 am

Dubai Customs launches AEO Connect 2024

Building on its continuous efforts to enrich the experience of companies participating in the Authorized Economic Operator (AEO) program and drive the growth of trade through the program—which provides competitive facilities and incentives for its members—Dubai Customs has launched the first...

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Business & Money | Saturday 28 December, 2024 10:00 am

RAKEZ growth series 2024 finale highlights learning, growth, and networking

The RAKEZ Growth Series 2024 drew to a successful close at Compass Coworking Centre, uniting participants, speakers, and business leaders from all events of the year for a day of meaningful connections, reflection, and powerful business insights. The concluding event celebrated the strides the...

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Business & Money | Saturday 28 December, 2024 9:57 am

Social Development Bank grants SAR 8B financing in 2024

The Social Development Bank (SDB) provided SAR 8 billion financing in 2024, achieving its full-year targets in financing and developmental support, alongside expanding its non-financial services, the state-run SPA reported.   SDB said 122,000 benefited from the bank’s loans. A...

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Business & Money | Saturday 28 December, 2024 9:55 am

Oman exempts Saudi investors from taxes in Madayn: Official

Oman decided to exempt Saudi industrial investors in Industrial Estates (Madayn) from taxes, Al-Eqtisadiah reported, citing Nasser Al-Hajri, Chairman of the Saudi-Oman Business Council.   This announcement was made during meetings held between the Saudi-Oman Business Council and Qais ...

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Business & Money | Saturday 28 December, 2024 9:52 am

Al-Hilal SFC makes SAR 33.4M profit in FY 2023/24

Al-Hilal Saudi Football Club reported net profits of SAR 33.37 million for the fiscal year 2023/24. Net profit margins reached 1.5%. Total revenue exceeded SAR 1 billion, compared to activity expenses of SAR 923.5 million. The current ratio rose to 0.89 in June 2024 from 0.61 a year...

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