Business & Money | Thursday 10 October, 2024 10:35 am

Saudi Arabia's tech market hits SAR 91B in 2023: CST

Saudi Arabia’s technology market reached SAR 91 billion in 2023, with a compound annual growth rate (CAGR) of more than 11% over the past five years, the Communications, Space, and Technology Commission (CST) said.   The number of Tadawul-listed technology companies rose to 20,...

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Business & Money | Thursday 10 October, 2024 10:12 am

Coldwell Banker facilitates AED 175M JV for luxury Dubai Islands Residences

Global leader of realty brokerage, Coldwell Banker recently facilitated a high net-worth joint venture that is poised to redefine the luxury residential landscape in the UAE. Positioned as an upgraded version of the iconic Palm Jumeirah, the project, valued at AED 175 million, will be developed at...

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Business & Money | Thursday 10 October, 2024 10:00 am

Qassim’s mineral wealth estimated at SAR 122.3B: Official

Qassim’s mineral resources are estimated at SAR 122.3 billion, Jarrah Al-Jarrah, Spokesperson for the Ministry of Industry and Mineral Resources, said on X. He added that Qassim is a reservoir of precious metals including gold, silver, copper and lead, in addition to tin, granite, tungsten...

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Business & Money | Thursday 10 October, 2024 9:55 am

REDF extends loan repayment for Sakani beneficiaries to 30 years

The Real Estate Development Fund (REDF) launched the "Tamkeen" program, which aims to give Sakani program beneficiaries the option of extending the repayment period for real estate financing to 30 years.   The program is part of ongoing efforts in collaboration with the Saudi Real...

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Business & Money | Thursday 10 October, 2024 9:54 am

Alkhorayef Water bags SAR 49.5M contract from SWA

Alkhorayef Water and Power Technologies Co. was awarded a 36-month contract by the Saudi Water Authority (SWA) to operate and maintain Hameema water treatment plant in Hail. The contract is worth SAR 49.5 million, excluding VAT, Alkhorayef Water said in a statement to Tadawul. The...

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Business & Money | Thursday 10 October, 2024 9:32 am

Ladun's says major shareholder sold 4.3% stake to meet TASI prerequisites

Ladun Investment Co. was notified that Ashar Investment Co., a major shareholder, sold a 4.3% stake in the former to several investors through negotiated deals, in a letter received today, Oct. 9.   This came to fulfill one of the prerequisites for transitioning to the Main Market...

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Business & Money | Wednesday 9 October, 2024 2:26 pm

4th Edition Middle East Women Leaders Summit & Awards 2024

The 4th Edition Middle East Women Leaders Summit & Awards 2024 is set to take place under the patronage of Office of H.H Sheikh AbdulHakim Obaid Suhail Buti Al Maktoum at the Jumeirah Creekside Hotel, Dubai, UAE. This prestigious gathering promises to be a milestone in celebrating the...

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Business & Money | Wednesday 9 October, 2024 10:58 am

ALEC Launches ‘AHLAN’ Program to Enhance Participation of Saudi Nationals in Construction Sector

The construction sector in Saudi Arabia is booming with analysts projecting that the industry will grow at an Average Annual Growth Rate (AAGR) of 5.2% from 2025 to 2028. To encourage the increased participation of Saudi nationals in this thriving sector, and empower the nation’s citizens to...

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Business & Money | Wednesday 9 October, 2024 10:57 am

Ajman Department of Finance Strengthens Tax Awareness with VAT and Corporate Tax Workshops for Government Entities

 As part of its ongoing efforts to enhance understanding of tax laws and regulations in the United Arab Emirates, the Department of Finance in Ajman hosted two workshops over two days for government entities in the emirate, focusing on Value Added Tax (VAT) and Corporate Tax. His...

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Business & Money | Wednesday 9 October, 2024 10:52 am

Prince Saud bin Bandar to Patronize Signing of Contract to Link the Gulf Electricity Market with Iraq

His Royal Highness Prince Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province, will sponsor the signing ceremony for the contract to link the Gulf electricity market with the Republic of Iraq on Wednesday, October 9, at the headquarters of the Gulf Cooperation Council...

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