Business & Money | Monday 19 February, 2024 8:37 am

Saudi Arabia advances on Road Quality Index to rank 4th among G20 nations

Saudi Arabia continued to advance on the Road Quality Index (RQI) to the level of 5.7, taking the fourth place globally among the G20 countries, the Saudi Press Agency (SPA) reported, citing the World Economic Forum (WEF) report for 2023.   The Roads General Authority (RGA) indicated ...

More Details

Business & Money | Sunday 18 February, 2024 8:39 am

DEWA received 6,235 innovative ideas from its employees in 2023 on Afkari platform

Dubai Electricity and Water Authority (DEWA) received 6,235 innovative ideas in 2023 through the Afkari internal platform, designed to encourage employees to be innovative and creative. So far, 85 percent of the approved ideas have been implemented. This has contributed to supporting the...

More Details

Business & Money | Sunday 18 February, 2024 8:28 am

Azizi Developments partners with Amerec for Riviera’s fourth phase

Azizi Developments, a leading private developer in the UAE, has partnered with Amerec, the prominent American international leader in the steam and sauna industry, for the supply, design, and installation of steam rooms across the fourth phase of Riviera, Azizi’s mega-project in MBR City.For...

More Details

Business & Money | Sunday 18 February, 2024 8:16 am

Real Estate Registry seen to register 80% of real estate by 2028: CEO

Mohammad Al-Sulaiman, CEO of the National Real Estate Registration Services Co. (Real Estate Registry - RER), said 2024 will be a distinguished year for the real estate registry, Al Eqtisadiah newspaper reported.  He pointed out that 80% of the Kingdom's real estate will likely be...

More Details

Business & Money | Sunday 18 February, 2024 8:12 am

Details of tax rules for regional headquarters in Saudi Arabia

Umm Al-Qura newspaper published on Feb. 16 the tax rules for regional headquarters (RHQ), which include the provisions related to the tax incentives granted to RHQ.   The rules will be effective as of their publication date.   Under the rules, the RHQ that meet the...

More Details

Business & Money | Sunday 18 February, 2024 8:10 am

Advanced seals $191M EPC contract for isopropanol plant

Advanced Petrochemical Co. signed EPC contracts to build the isopropanol plant in Jubail Industrial City using the manufacturing tech from Germany’s Thyssenkrupp at a total value of $191.26 million (SAR 717.23 million). In an emailed statement to Argaam, Advanced said the project will...

More Details

Business & Money | Sunday 18 February, 2024 8:08 am

PPG’s joint venture Sigma Paints Saudi Arabia receives MECOC Expo Gold Sponsorship

PPG (NYSE: PPG) today announced that its Sigma Paints Saudi Arabia (SPSA) joint venture was honored with the prestigious MECOC Expo Gold Sponsorship and Speaker Appreciation Awards at the recent Middle East Metallurgy Corrosion & Coatings Expo (MECOC) in Abu Dhabi. The awards recognize the...

More Details

Business & Money | Saturday 17 February, 2024 4:11 am

Tenaris unveils its industrial complex in Abu Dhabi Industrial City

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

More Details

Business & Money | Saturday 17 February, 2024 3:51 am

UAE's nuclear and radiation sector boasts over 20,000 employees: Hamad Al Kaabi

The UAE celebrates over 20,000 trailblazers shaping the future in the nuclear and radiation sector. This is not just a number, it's a testament to the country's ambitious vision and dedication to empowering generations. Ambassador Hamad Al Kaabi, UAE's Permanent Representative to the...

More Details

Business & Money | Saturday 17 February, 2024 3:35 am

AED3.4 billion generated in property sales through ADJD's Auction App

Since its launch in June 2022 through mid-February 2024, the Abu Dhabi Judicial Department's (ADJD) Auction App has generated over AED3.4 billion in sales. In more detail, 333 properties worth AED3,401,835,871, have been sold in addition to 1013 vehicles valued at AED78,277,025, jewellery...

More Details