Business & Money | Monday 6 January, 2025 9:57 am

Finance Minister endorses SAR 139B borrowing plan for 2025

Minister of Finance Mohammed Al-Jadaan endorsed the annual borrowing plan for the fiscal year 2025, after it was approved by the National Debt Management Center’s (NDMC) board. The plan outlines key developments in public debt for 2024, local debt market initiatives, and the financing...

More Details

Business & Money | Monday 6 January, 2025 9:47 am

Saudi Sip of Excellence Competition to Recognize Best Brews and Uplift Regional Coffee Sector

The Saudi Coffee Company, wholly owned by the Public Investment Fund (PIF), launches its second annual Saudi Sip of Excellence Competition in partnership with the global nonprofit, Alliance for Coffee Excellence.  Designed to educate, empower, and reward coffee farmers from Saudi...

More Details

Business & Money | Monday 6 January, 2025 9:43 am

NWC started implementing water projects in Makkah at SR +1.6b

The National Water Company (NWC), represented by the Western Cluster, announced that it has started implementing water supply projects in the holy city of Makkah at a cost of more than 1.6 billion Saudi Riyals. These projects are part of NWC’s strategies to develop the infrastructure of the water ...

More Details

Business & Money | Monday 6 January, 2025 7:09 am

NDMC arranges $2.5B revolving credit facility to fund general budget needs

The National Debt Management Center (NDMC) arranged a $2.5 billion (SAR 9.4 billion) Shariah-compliant revolving credit facility to finance the general budget needs. The facility, spanning three years, involved the participation of three regional and international financial...

More Details

Business & Money | Sunday 5 January, 2025 2:16 pm

Ericsson announces new Customer Unit Saudi Arabia under the leadership of Håkan Cervell

Ericsson (NASDAQ: ERIC) has announced a new organizational structure for its operations in the Middle East and Africa (MMEA) region, effective January 1, 2025. As part of this transformation, the Saudi Arabia market will be served under a newly established Customer Unit (CU), led by Håkan Cervell, ...

More Details

Government | Sunday 5 January, 2025 12:32 pm

UAE Government issues Federal Decree-Law to reorganise Civil Defence Authority

The UAE Government has issued a Federal Decree-Law to reorganise the Civil Defence Authority, aiming to enhance the country's readiness to respond to emergencies and disasters while ensuring the highest standards of public safety and protection. This Decree marks a significant step in...

More Details

Business & Money | Sunday 5 January, 2025 12:30 pm

Hind bint Maktoum launches ‘Sheikha Hind bint Maktoum Family Programme’

H.H. Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched the ‘Sheikha Hind bint Maktoum Family Programme’. The programme aims to support the growth, stability and...

More Details

Business & Money | Sunday 5 January, 2025 11:02 am

Economic growth, rise of AI driving dynamic labour market in UAE

The UAE’s job market has solidified its position as a global destination for professionals seeking opportunities across various sectors. This achievement is attributed to the country’s thriving and diversified national economy, supported by an investment-friendly environment that enhances its...

More Details

Business & Money | Sunday 5 January, 2025 10:52 am

Emirates first 'Airbus A350' enters commercial service

Emirates marked a significant milestone on Friday as its first Airbus A350 entered commercial service, operating its inaugural flight from Dubai to Edinburgh. The aircraft, featuring Emirates' latest cabin products, is the first of 65 A350s joining the airline's fleet over the coming...

More Details

Business & Money | Sunday 5 January, 2025 10:46 am

HONOR Launches "HONOR Care Season" Service Campaign This January

Global technology brand HONOR is excited to announce its “HONOR Care Season” campaign, running from 1st to 31st January 2025. As part of HONOR’s continuing commitment to providing the best support and service, this campaign will offer exclusive benefits to customers across the Kingdom of...

More Details