Business & Money | Thursday 10 April, 2025 2:05 pm

Diriyah awards SAR 4B Opera House contract to contractor Consortium

Saudi gigaproject developer Diriyah Co. awarded a SAR 4 billion contract for the construction of the Royal Diriyah Opera House to a consortium of contractors, according to MEED magazine.  The contract was granted to a consortium comprising El-Seif Engineering & Contracting and...

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Business & Money | Thursday 10 April, 2025 1:59 pm

ZATCA approves new real estate tax rules

Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) approved today, April 9, the executive regulations for the Real Estate Transaction Tax (RETT). The new rules, made up of 15 articles, will take effect on April 10, 2025. The regulation aims to establish a clear legal framework for RETT, ...

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Business & Money | Thursday 10 April, 2025 1:56 pm

Energy Minister unveils 8 Arabian oil, 6 natural gas discoveries in Saudi Arabia

Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz announced that Saudi Aramco has made 14 new discoveries of Arabian oil and natural gas fields and reservoirs in the Eastern Province and the Empty Quarter. These new discoveries consisted of six fields and two reservoirs for Arabian...

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Business & Money | Thursday 10 April, 2025 1:54 pm

Derayah REIT inks SAR 750M credit facility deal with Alinma Bank

Derayah REIT Fund inked a Shariah-compliant credit facility deal worth SAR 750 million with Alinma Bank, fund manager Derayah Financial said in a statement to Tadawul. The 5-year agreement aims to refinance the fund’s existing facilities, which currently stand at SAR 603 million....

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Business & Money | Thursday 10 April, 2025 1:52 pm

Athar Festival 2025 to conclude with an extraordinary two-day celebration of creativity at Athar Awards

Athar – Saudi Festival of Creativity, the largest gathering of the creative marketing industry in Saudi Arabia, will conclude with the largest and most spectacular edition of Athar Awards to date. Submissions for Athar Awards 2025 officially open today, with 14 new additions bringing the total to ...

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Technology & IT | Thursday 10 April, 2025 12:22 pm

SESTEK announced new Agentic AI capabilities for its customer service bots

With customer expectations rising and digital transformation accelerating across the Middle East, SESTEK’s Virtual Agent solution now powered by Agentic AI, offers enterprises a platform to automate customer service with unforeseen accuracy. Dubai  — SESTEK, a global leader in...

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Business & Money | Wednesday 9 April, 2025 10:45 am

UAE, India mark three years of comprehensive economic partnership

The United Arab Emirates and the Republic of India continue to witness growing and dynamic economic relations, built on longstanding historical ties and driven by their Comprehensive Economic Partnership Agreement (CEPA), which has significantly boosted economic growth and created new trade and...

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Business & Money | Wednesday 9 April, 2025 10:43 am

Globalpharma partners with ZIM Laboratories to revolutionise oral drug technology in UAE

Globalpharma, the UAE’s leading pharmaceutical manufacturer and a wholly owned subsidiary of Dubai Investments PJSC, has collaborated with India’s ZIM Laboratories to bring EU-certified Oral Dispersible Film (ODF) technology to its growing portfolio. This innovative drug technology has...

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Business & Money | Wednesday 9 April, 2025 10:39 am

ADNOC continues to drive manufacturing industry, attract local, foreign direct investments

As part of its commitment to advancing the UAE’s manufacturing industry, ADNOC continues to attract Local and foreign direct investment through strategic commercial agreements enabled by its successful In-Country Value (ICV) programme. Dr. Saleh Al Hashimi, Director of ADNOC’s Commercial...

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Business & Money | Wednesday 9 April, 2025 10:36 am

AIM Congress 2025 enhances investment cooperation prospects between UAE, Japan, Africa

AIM Congress 2025 hosted the "Japan Talks: Innovations Shaping the World" session where Japanese leaders showcased next-generation technology and industrial innovation. Miho Sato, Deputy Manager of Yokosuka Research Park (YRP), shared Japan's progress in smart city-focused 6G...

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