Business & Money | Saturday 15 July, 2023 5:24 am

Gold prices fall, set for best weekly performance since April

Gold prices declined on Friday, but they are heading for their best weekly performance since April.   Federal Reserve Bank of San Francisco President Mary Daly said it’s too soon for policymakers to say they have done enough to return US inflation to their target, CNBC...

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Government | Saturday 15 July, 2023 5:22 am

ZATCA says 41,400 companies registered for VAT

The Zakat, Tax and Customs Authority (ZATCA) stated that the total number of companies and individuals registered for value-added tax (VAT) reached 41,4500, Al Eqtisadiah newspaper reported.   The authority indicated that it is committed to applying the tax regulations, including...

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Government | Saturday 15 July, 2023 5:15 am

Saudi Arabia issues 35,300 e-commercial registers in Q2

Saudi Arabia’s Ministry of Commerce issued 35,310 e-commercial registers during Q2 2023, an increase of 21% compared to 29,010 in the same period a year earlier.   Meanwhile, total commercial registers amounted to 56,360 during the three-month period, the ministry said in its...

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Government | Saturday 15 July, 2023 5:12 am

Real Estate Contribution Law to boost supply, says REGA CEO

The recently approved Real Estate Contribution Law will contribute to increasing the supply of commercial and residential real estate products, given that it is a new financing and investment channel for real estate developers, said Abdullah Alhammad, CEO of Real Estate General Authority...

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Business & Money | Saturday 15 July, 2023 5:09 am

ACWA Power awards SAR 2.5 bln EPC contract for Rabigh 4 project

ACWA Power Co., along with Haji Abdullah Alireza & Co (HAACO) and Al Moayyed Contracting Group (AMCG), awarded an engineering, procurement, and construction (EPC) contract with a consortium of Power China, SEPCOIII, and WETICO for Rabigh 4 Independent Water Plant (IWP)...

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Business & Money | Saturday 15 July, 2023 5:05 am

NEOM CEO says work progressing in Red Sea destination

Nadhmi Al-Nasr, CEO of NEOM and board member of Red Sea Global (RSG), highlighted the remarkable progress in the Red Sea destination, indicating that the project will contribute to boosting the Kingdom’s position on the global tourism map.   He pointed to the great efforts made by...

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Business & Money | Saturday 15 July, 2023 1:52 am

RAKEZ empowers businesses through regular networking events

Ras Al Khaimah Economic Zone (RAKEZ) continues to foster connections and drive growth by organising regular networking events across industries. RAKEZ recognises the power of working together in today’s ever-changing business landscape and is shaping the future of industries in Ras Al Khaimah by...

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Business & Money | Saturday 15 July, 2023 12:59 am

Emirates NBD revamps digital bank Liv with new value proposition targeting Gen Now

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has revamped its digital bank Liv, with a new value proposition targeted at Generation Now (Gen Now) empowering them with a better financial future through innovative offerings and a superior...

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Tourism & Hospitality | Saturday 15 July, 2023 12:56 am

SAUDIA Unveils Innovative Sustainable Activation at the 2023 Hankook Rome E-Prix

SAUDIA, the national flag carrier of the Kingdom of Saudi Arabia, has announced its participation in the upcoming 2023 Rome E-Prix Formula E races taking place in Rome from July 15-16. As the official airline partner of the ABB FIA Formula E World Championship Season 9, SAUDIA is excited to support ...

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Culture & Education | Saturday 15 July, 2023 12:54 am

du hosts Leadership Majlis for Graduate Trainees’ ceremony, championing Emiratisation and leadership development

du, from Emirates Integrated Telecommunication Company (EITC), has hosted a Leadership Majlis for its Graduate Trainees. The event was held at the SEE Institute (Sustainability Research). The event aims to recognise and celebrate the achievements of Graduate Trainees who joined in...

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