Tourism & Hospitality | Sunday 18 February, 2024 8:14 am

Saudi Arabia tops UN list of international tourist arrivals in 2023

Saudi Arabia recorded a 56% leap in the number of tourists arriving during 2023 compared to 2019, Saudi Press Agency reported, citing the UN’s World Tourism Barometer report. The Kingdom achieved a 156% rise in the number of tourists arriving during 2023 compared to 2019. The great...

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Business & Money | Sunday 18 February, 2024 8:12 am

Details of tax rules for regional headquarters in Saudi Arabia

Umm Al-Qura newspaper published on Feb. 16 the tax rules for regional headquarters (RHQ), which include the provisions related to the tax incentives granted to RHQ.   The rules will be effective as of their publication date.   Under the rules, the RHQ that meet the...

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Business & Money | Sunday 18 February, 2024 8:10 am

Advanced seals $191M EPC contract for isopropanol plant

Advanced Petrochemical Co. signed EPC contracts to build the isopropanol plant in Jubail Industrial City using the manufacturing tech from Germany’s Thyssenkrupp at a total value of $191.26 million (SAR 717.23 million). In an emailed statement to Argaam, Advanced said the project will...

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Business & Money | Sunday 18 February, 2024 8:08 am

PPG’s joint venture Sigma Paints Saudi Arabia receives MECOC Expo Gold Sponsorship

PPG (NYSE: PPG) today announced that its Sigma Paints Saudi Arabia (SPSA) joint venture was honored with the prestigious MECOC Expo Gold Sponsorship and Speaker Appreciation Awards at the recent Middle East Metallurgy Corrosion & Coatings Expo (MECOC) in Abu Dhabi. The awards recognize the...

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Business & Money | Saturday 17 February, 2024 4:11 am

Tenaris unveils its industrial complex in Abu Dhabi Industrial City

Tenaris, a leading global steel pipe manufacturer and supplier, inaugurated its new Abu Dhabi industrial complex, Etihad Tubulars, with a US$60 million investment. This industrial complex underscores the robustness of the company’s long-standing partnership with ADNOC and reaffirms its commitment ...

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Technology & IT | Saturday 17 February, 2024 3:59 am

International cooperation key to combatting cyber threats: UAE leads the charge

The necessity of cybersecurity grows with emerging technologies and digital dependence. International cooperation is vital to address ever-increasing cyber threats. The UAE plays a leading role, actively promoting cybersecurity globally and boasting advanced infrastructure and initiatives. In...

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Tourism & Hospitality | Saturday 17 February, 2024 3:57 am

Sharjah Airport Authority reveals plans to develop Cargo Centre, enhance its logistics services

Sharjah Airport Authority (SAA) showcased its major developments that are currently underway and planned for its Cargo Centre during the three-day Air Cargo India 2024 in Mumbai, India. The event was attended by delegates from leading international airports, airlines, and air cargo companies,...

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Business & Money | Saturday 17 February, 2024 3:51 am

UAE's nuclear and radiation sector boasts over 20,000 employees: Hamad Al Kaabi

The UAE celebrates over 20,000 trailblazers shaping the future in the nuclear and radiation sector. This is not just a number, it's a testament to the country's ambitious vision and dedication to empowering generations. Ambassador Hamad Al Kaabi, UAE's Permanent Representative to the...

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Business & Money | Saturday 17 February, 2024 3:35 am

AED3.4 billion generated in property sales through ADJD's Auction App

Since its launch in June 2022 through mid-February 2024, the Abu Dhabi Judicial Department's (ADJD) Auction App has generated over AED3.4 billion in sales. In more detail, 333 properties worth AED3,401,835,871, have been sold in addition to 1013 vehicles valued at AED78,277,025, jewellery...

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Business & Money | Saturday 17 February, 2024 3:25 am

8,080 Saudi families move to first homes in January: Sakani

Sakani Program announced that more than 12,000 Saudi families benefitted from the program in January, while 8,080 families moved to their first homes in the same period.   In mid-January, Sakani Program announced that 101,230 families benefited from the program in 2023, during which...

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