Business & Money | Sunday 11 February, 2024 8:39 am

Aldar reports AED4.4 billion in 2023 net profit, up 40% YoY

Aldar announced today that record development sales and expanded investment portfolio drive the company's 2023 net profit up 40% to AED4.4 billion, compared to 2022. In a statement today, the Abu Dhabi-listed property giant, reported the highest-ever quarterly development sales of AED8.5...

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Business & Money | Sunday 11 February, 2024 8:30 am

Abu Dhabi Dialogue addresses skill mobility between sending, receiving countries in line with future prospects of work

Preparations for the Seventh Abu Dhabi Dialogue (ADD) Ministerial Consultation started in Dubai on Saturday, 10 February 2024, as senior officials from the ministries of labour, human resources, and employment of 16 ADD member countries held eight working sessions attended by representatives of...

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Business & Money | Sunday 11 February, 2024 8:27 am

GCC Commercial Arbitration Centre, Aramco Discuss Collaboration in Contract Development, Expert Qualification

Dr. Kamal Al-Hamad, the Secretary General of the GCC Commercial Arbitration Centre, engaged in discussions with Mr. Wail Al Jaafari, the Executive Vice President of Technical Services at Saudi Aramco, exploring avenues for collaborative initiatives and the exchange of expertise. The focus was on...

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Cars & Autos | Sunday 11 February, 2024 8:22 am

Lucid to announce CBU production in Saudi Arabia soon

Lucid Motors Co. plans to announce the second phase of production in Saudi Arabia soon, Al Eqtisadiah reported, citing Firas Kandalaft, Marketing Director, Middle East.   In the second phase, Lucid will shift to complete build unit (CBU) production of some models at its facility in...

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Business & Money | Sunday 11 February, 2024 8:20 am

Saudi Chemical to unveil some projects in coming period: CEO

Saudi Chemical Company Holding (SCCH) will reveal some projects in the coming period once the related feasibility studies are completed, Al-Eqtisadiah newspaper reported, citing CEO Thamer AlMuhid.   SCCH plans localization of 85% of industry inputs, whether explosives for civil or...

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Environment & Energy | Saturday 10 February, 2024 2:24 am

Space Debris Conference

The activities of the first edition of the “Space Debris” conference will begin in Riyadh, tomorrow, Sunday, under the slogan “Towards Securing the Future of the Global Space Economy,” the first in the region, in the presence of His Excellency the Chairman of the Board of Directors of the...

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Sports | Saturday 10 February, 2024 1:59 am

Saudi Sports for All Federation and Saudi Awwal Bank Announce Strategic Partnership for 2024 Riyadh Marathon

The Saudi Sports for All Federation (SFA), organizer of the 2024 Riyadh Marathon, taking place on February 10, has signed an agreement with the Saudi Awwal Bank to become the event’s presenting partner. A signing ceremony between the two parties took place at the SFA offices, with Shaima Saleh...

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Business & Money | Saturday 10 February, 2024 1:50 am

Bahri Logistics Concludes Participation at WDS 2024 Highlighting World-Class Capabilities and Signing Key Strategic Partnerships

Showcasing its world-class maritime capabilities and expertise before a global audience from over 115 countries, Bahri Logistics concluded its successful participation at the second edition of the World Defense Show (WDS) held in Riyadh, Saudi Arabia from 4-8 February 2024. Bahri Logistics,...

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Business & Money | Saturday 10 February, 2024 1:49 am

Leejam Sports Inaugurates Two New Fitness Clubs at the Headquarters of Saudi Awwal Bank

Leejam Sports Company, the proud owner of the "Fitness Time" brand, has officially opened two fitness clubs at the new headquarters of Saudi Awwal Bank (SAB) in Alyasmin neighborhood of Riyadh. According to a five-year agreement with SAB, Leejam manages and operates two distinct fitness clubs under ...

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Business & Money | Saturday 10 February, 2024 1:45 am

Almarai wins the Corporate Bond Deal of the Year Award

Almarai won the Corporate Bond Deal of the Year Award for its US$750 million international sukuk deal issued in July 2023. Almarai received the award from the Capital Markets & ESG Finance Saudi Arabia Awards, which were held at the Fairmont Hotel on February 6, 2024, in Riyadh. The...

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