Business & Money | Wednesday 18 December, 2024 9:34 am

Saudi Arabia spends over SAR 500M on mineral exploration: Deputy Minister

Saudi Arabia is currently spending more than SAR 500 million on mineral exploration, compared to less than SAR 25 million in 2018, with an eye for 50% more year-on-year (YoY) in 2024, said Deputy Minister of Industry and Mineral Resources Khalid Al-Mudaifer. “Spending on exploration...

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Business & Money | Wednesday 18 December, 2024 9:32 am

Red Sea signs SAR 392M credit facility with Riyad Bank

Red Sea International Co. (RSI) signed a Shariah-compliant credit facility agreement with Riyad Bank for SAR 392 million, according to a statement to Tadawul. The facilities aim to issue bank guarantees for the project signed with Webuild SpA to build an employee camp. The guarantees...

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Business & Money | Wednesday 18 December, 2024 9:29 am

Parking demand seen to reach SAR 3B in next 3 years: Batic CEO

Mohammed Al-Zamil, CEO of Batic Investments and Logistics Co., said preliminary studies show that the expected demand for parking services in Saudi Arabia over the next three years would range between SAR 2.5 to SAR 3 billion. The tourism and entertainment sector is experiencing significant...

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Business & Money | Wednesday 18 December, 2024 9:20 am

D360 Bank launches operations in Saudi Arabia: SAMA

The Saudi Central Bank (SAMA) announced that D360 Bank obtained no objection to commence its banking operations in the Kingdom. In an emailed statement to Argaam today, Dec. 17, SAMA said that D360 Bank is one of three local digital banks licensed in the Kingdom. In February 2022, the...

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Business & Money | Wednesday 18 December, 2024 9:11 am

Engel & Völkers Middle East Reports 15.4% Residential and 24.2% Office Sales Surge in Dubai in November

Dubai’s real estate market continued to demonstrate remarkable resilience and robust growth in November, with the residential sector achieving a 15.4% year-over-year increase and the commercial market recording a total sales value of AED9.2 billion, according to the latest report from Engel & ...

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Business & Money | Wednesday 18 December, 2024 9:04 am

New Murabba Launches Graduate Program to Empower Young Saudi Talent

New Murabba – a PIF Company - announces the launch of its inaugural Graduates Program, a strategic initiative designed to cultivate and empower the next generation of Saudi leaders.  The program welcomed its first cohort, marking a significant milestone in New Murabba's commitment to...

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Business & Money | Wednesday 18 December, 2024 9:02 am

Digital Corporation Organization issues joint statement on Misinformation and the Role of Social Media Platforms

The Digital Cooperation Organization (DCO) has issued a joint statement on the “Misinformation and the Role of Social Media Platforms” to address ethical and privacy challenges, in line with DCO’s commitment to improving trust online and enable digital prosperity for all. Through the joint...

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Business & Money | Tuesday 17 December, 2024 2:09 pm

TEKCE redefines real estate with personalised PropTech services

With PropTech investments projected to reach $37 billion by 2025, the real estate sector is poised for a dynamic transformation. International real estate group TEKCE leads this evolution with MyTEKCE, a platform that personalises property trades by centralising data and processes. MALAGA...

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Business & Money | Tuesday 17 December, 2024 1:17 pm

Oud Real Estate Launches Its Ultra-Luxury Destination "Oud Reserve" in Riyadh

In a move that reflects an ambitious vision for the future, Oud Real Estate has announced the launch of its new project, "Oud Reserve." This development is set to be a unique and luxurious destination for the biggest most elite global brands. Scheduled to be completed and operating by 2027, the...

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Business & Money | Tuesday 17 December, 2024 10:28 am

flydubai unveils new Business Class Lounge at Dubai International

flydubai has unveiled its new Business Class Lounge at Terminal 2, Dubai International (DXB). The 900-square-metre Business Class Lounge can accommodate more than 200 passengers. The official opening of the lounge was attended by Hamad Obaidalla, Chief Commercial Officer at flydubai;...

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