Business & Money | Tuesday 1 February, 2022 10:59 am

Saudi Arabia' index approaching its highest level in 15 years

The Saudi Arabia' index on Sunday has approached its highest level in 15 years amid rising oil prices after the geopolitical turmoil exacerbated fears of tight energy supplies.The energy companies in the Kingdom index has risen by 0.6%, while Tadawul All Share Index (TASI) rose by 0.7% to 12,259...

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Culture & Education | Tuesday 1 February, 2022 10:38 am

Riyadh municipality to build social hubs for the elderly

The Riyadh municipality is planning to expand the establishment of dewaniyas, or reception areas, for the elderly as part of its strategy to create a social hub where people can socialize, and take part in sports, cultural and recreational activities. According to the municipality, the...

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Business & Money | Tuesday 1 February, 2022 10:31 am

ACWA Power signs Memorandum of Understanding with Saudi EXIM Bank to develop and cooperate on knowledge sharing initiatives in the area of project finance

ACWA Power,a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, signed a Memorandum of Understanding (MoU) with Saudi Export-Import Bank (Saudi EXIM), in an extensive agreement that involves knowledge transfer in the realm of credit issuance,...

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Healthcare | Tuesday 1 February, 2022 10:20 am

Sanad launches Saudi childhood cancer awareness month

Saudi Arabia’s Sanad Charitable Association is raising awareness of childhood cancer through its February campaign launching tomorrow under the slogan “Sanad for Our Children.” More than 60 government bodies and private entities are set to take part over the course of the month.In...

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Government | Tuesday 1 February, 2022 9:56 am

UAE announces 9% corporation tax

The UAE has announced a new 9 percent corporation tax will be levied on businesses from June 1 2023. Businesses will become subject to the tax from the beginning of their first financial year that starts on or after June 2023. A 9 percent rate will kick in on profits above 375,000...

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Government | Tuesday 1 February, 2022 9:52 am

ADAFSA exhibits innovative agriculture and organic production methods at the Sheikh Zayed Festival

The Abu Dhabi Agriculture and Food Safety Authority, ADAFSA, has developed the unique Agricultural Oasis Exhibition at the Sheikh Zayed Festival to provide visitors with a distinctive experience, introducing innovative and modern agriculture methods and techniques and showcasing their importance in ...

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Culture & Education | Monday 31 January, 2022 1:07 pm

stc pay Addresses Fintech And Innovation During LEAP And Showcases The Drive Towards A Cashless Society

stc pay, MENA’s largest digital wallet and a leading regional operator in fintech providing innovative and secure digital financial services, will be one of the main participants at this year’s LEAP 2022 conference.  LEAP will bring together the global technology community to tackle...

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Culture & Education | Monday 31 January, 2022 9:50 am

‘Arabic coffee’ to be officially renamed ‘Saudi coffee’ to strengthen local culture

The commercial name of Arabic coffee will be officially changed to Saudi coffee in the Kingdom’s restaurants, cafes, stores, and roasters, following a Ministry of Commerce announcement on Sunday.The announcement, from ministry spokesman Abdulrahman Al-Hussein, is in conjunction with a Culture...

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Culture & Education | Monday 31 January, 2022 9:45 am

Kingdom’s pavilion at Expo 2020 Dubai concludes ‘Saudi Coffee Week’

The Kingdom of Saudi Arabia’s pavilion participating in Expo 2020 Dubai has concluded the "Saudi Coffee Week", which was held from Jan. 25 to 29, 2022.The event came in line with the Ministry of Culture’s announcement of the designation of 2022 as the "Year of Saudi Coffee".The visitors to the...

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Cars & Autos | Sunday 30 January, 2022 11:54 am

Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future

Renault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world’s leading automotive alliances, this week announced common projects and actions to accelerate and to shape their shared future towards 2030, focusing on the mobility value...

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