Government | Saturday 17 February, 2024 3:16 am

SAMA announces Ramadan working hours; Eid Al-Fitr, Eid Al-Adha holidays

The Saudi Central Bank (SAMA) announced today, Fqb 15, the working hours for financial institutions during the holy month of Ramadan, in addition to Eid Al-Fitr and Eid Al-Adha holidays.  Banks will work from 10 am until 4 pm during Ramadan.  Working hours for banks' foreign...

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Cars & Autos | Saturday 17 February, 2024 3:13 am

Lucid to offer home charger allowance to boost sales

Lucid Group is trying to ensure that customers have the best possible charging experience, adding that an allowance of SAR 3,750 will be provided to help customers get the Lucid Home Charger available in the Saudi market.   The car maker will also focus on reducing Lucid Air prices,...

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Government | Saturday 17 February, 2024 3:11 am

HRSD Ministry says Feb. 22 official holiday for public, private sectors

The Ministry of Human Resources and Social Development (HRSD) announced Feb. 22 as an official holiday for the public and private sectors, on the occasion of celebrating the foundation of Saudi Arabia, Saudi Press Agency reported.   On Jan. 27, 2022, King Salman issued a royal...

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Business & Money | Saturday 17 February, 2024 1:59 am

Almarai Wins "Internal Communications Brilliance Awards"

Within the Internal Communications Brilliance Awards framework, Almarai has secured two prestigious awards from the "Internal Communications Brilliance Awards," globally recognized for honoring organizations that demonstrate excellence in internal communication. Almarai has been awarded the Gold...

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Business & Money | Saturday 17 February, 2024 1:42 am

“Uppercase Legal Advisory” To Launch Practice in Saudi Arabia

Uppercase Legal Advisory, a leading international law firm, today unveiled plans to launch the practice in Riyadh, Saudi Arabia in the second quarter of 2024. The Saudi office is part of the company’s MENA expansion strategy.Saudi Arabia has witnessed a significant increase in its legal and...

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Business & Money | Friday 16 February, 2024 3:12 am

Industrial sector's local content to rise in 2024: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that the percentage of local content in the Saudi industrial sector is expected to soar in 2024, as the level of demand with major companies of the Public Investment Fund (PIF) and mega projects, including ROSHN, Qiddiya and The Red...

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Business & Money | Friday 16 February, 2024 2:28 am

SALAMA records full-year revenue of AED 1.11 billion; achieves 20% revenue growth in 2023

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2023 fiscal year. The company recorded insurance revenue of AED 1.11 billion in 2023, an increase by 20% from fiscal year 2022.  Total assets registered an increase at AED 3.70 billion ...

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Healthcare | Friday 16 February, 2024 1:57 am

King Faisal Specialist Hospital & Research Centre Holds Firm as Global and Regional Healthcare Leader

King Faisal Specialist Hospital & Research Centre (KFSH&RC) has once again secured its position for the second consecutive year as a global leader in healthcare and number one in the Middle East and Africa, ranking 20th globally among the leading healthcare institutions in the Brand...

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Business & Money | Friday 16 February, 2024 1:39 am

MAG GROUP HOLDING RECORDS OVER AED 12.6 BILLION SALES IN 2023

MAG Group Holding, the multinational conglomerate incorporating different companies across diverse sectors, announced the recording of AED 12.6 billion in sales for 2023 across its different real estate subsidiaries.Sales at the innovative Keturah brand, founded last year, reached AED 2.5...

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Business & Money | Friday 16 February, 2024 1:30 am

TENARIS RENEWS COMMITMENT TO UAE, UNVEILING ITS INDUSTRIAL COMPLEX IN ABU DHABI

Tenaris, a leading global steel pipe manufacturer and supplier, inaugurated its new Abu Dhabi industrial complex, Etihad Tubulars, with a 60 million USD investment. This industrial complex underscores the robustness of the company’s longstanding partnership with ADNOC and reaffirms its...

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