Business & Money | Sunday 2 July, 2023 12:59 pm

Emaar EC sells industrial land for SAR 366.8 mln

Emaar The Economic City (Emaar EC) signed a contract worth SAR 366.8 million to sell an undeveloped industrial land plot to Dar Al Himmah Projects Co. Ltd., one of the Public Investment Fund's (PIF) subsidiaries, Zamil Real Estate Co., and Abdullah Ibrahim...

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Business & Money | Sunday 2 July, 2023 9:10 am

Techstars, Saudi National Bank and MCIT Announce Two Founder Catalyst Programs in Saudi Arabia

Techstars, the world’s most active pre-seed investor, the Saudi National Bank (SNB) and the Saudi Ministry of Communication and Information Technology (MCIT), announced today the launch of two Techstars Founder Catalyst programs in Jeddah and Al Ahsa. The first edition of the programs...

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Business & Money | Saturday 1 July, 2023 1:15 am

Gold prices slide to 3-month low

Gold prices declined for the third straight session today, June 29, extending their lowest levels in more than three months as major central banks reiterated statements about monetary tightening to combat inflation.Gold spot prices fell 0.1% to $1,905.59 per ounce at 0749 GMT, while futures inched...

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Business & Money | Friday 30 June, 2023 2:00 pm

“Jazeera Paints” Contributes to Improving the Experience of Pilgrims in the Sacred Sites

As part of the Temperature Reduction Paint Initiative"Jazeera Paints", the leading company in the industry of paints, colors and construction solutions in KSA and MENA, is participating in applying the technology of reducing the temperature of asphalt surfaces through reflecting the...

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Business & Money | Thursday 29 June, 2023 7:01 pm

Unemployment rate among Saudis hits 8.5% in Q1 2023

The unemployment rate among Saudis increased to 8.5% in the first quarter of 2023, compared to 8% in the fourth quarter 2022, according to the General Authority for Statistics’ (GASTAT) labor force survey.    Meanwhile, the overall unemployment rate in the Kingdom...

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Business & Money | Wednesday 28 June, 2023 3:43 am

Immensa launches $15m advanced manufacturing facility in Saudi Arabia

Immensa, MENA’s leading additive manufacturing and digital warehousing company, inaugurated a new facility in Saudi Arabia as part of its ambitious regional expansion plans. His Excellency Eng. Osama bin Abdulaziz Al-Zamil, Saudi Arabia’s Vice Minister of Industry and Mineral Resources,...

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Business & Money | Wednesday 28 June, 2023 3:32 am

BaseTracK’s autonomous truck rolls into Ras Al Khaimah

Leading global innovator in autonomous vehicle technology, BaseTracK, chose the UAE as its research and development base by setting up its office and workshop in Ras Al Khaimah Economic Zone (RAKEZ).   Along with the facility inauguration, BaseTracK unveiled its first local...

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Business & Money | Tuesday 27 June, 2023 1:32 pm

Ejar targets packages of services to set appropriate rent

The Ejar program said it seeks to add packages of services that will actively achieve higher transparency in the real estate market, Al Eqtisadiah newspaper reported.   These services include assessing the rental behavior and determining the appropriate rents, when the residential...

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Business & Money | Tuesday 27 June, 2023 12:59 am

SPARK signs concession agreement to manage, operate dry port, logistics zone

King Salman Energy City (SPARK) signed a concession agreement with Hutchison Ports Co. to manage and operate the dry port and logistics zone in SPARK, the largest global center for power plants spanning 50 square kilometers in the Eastern Province. The agreement grants the concession right to...

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Business & Money | Monday 26 June, 2023 12:21 am

GACA seeks public opinion on draft economic regulation of airports

Saudi Arabia’s General Authority of Civil Aviation (GACA) submitted the draft economic regulation of airports on the public consultation platform “Istitlaa”, seeking opinions between June 22 and July 20, 2023. The regulation aims to enhance competitiveness,...

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