RIYADH: Saudi Arabia’s food security drive is set to receive a boost as Tabuk Agricultural Development Co., also known as Tadco, signs an agreement to construct high-tech greenhouses. In a statement released on the Saudi Stock Exchange, Tadawul, the company outlined the signing of a memorandum of understanding with the Saudi Greenhouses Management and Agri … Read more
CAIRO: Egypt has started paying off dues owed to foreign oil and gas companies operating in the country, the government said on Tuesday, with sources saying that up to $1.5 billion had been set aside for the payments. A cabinet statement said the payment process that had already begun accounted for about 20 percent of … Read more
WASHINGTON: The US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to sever ties with its Chinese parent company or be banned in the United States. The legislation is a major setback for the video-sharing app, which has surged in popularity across the world while causing nervousness about its Chinese … Read more
In its quest to provide more sporting facilities in the Kingdom, the Saudi Sports for All Federation signed an agreement with leading property developer ROSHN to establish and activate a new sports dome in SEDRA, ROSHN’s flagship project located in Riyadh. The agreement was signed at ROSHN’s offices by Prince Khaled bin Alwaleed bin Talal … Read more
RIYADH: The Saudi capital finds itself in global competition with cities like New York and Tokyo for a skilled workforce, according to its mayor. With a population exceeding 7 million, the city is experiencing an ongoing transformation as it becomes a hub for attracting talent and boosting entrepreneurship. In an interview with Arab News at … Read more
New Murabba Development Company concluded its participation in the Restatex Riyadh Real Estate Exhibition 2024, one of Saudi Arabia’s largest real estate conferences. The event was held at the Riyadh International Convention and Exhibition Center from Feb. 18-21.
MAKKAH: Saudi Arabia is home to a rich tapestry of folkloric arts, each with its own distinct features, but all with the same purpose: to express the Kingdom’s history, culture, and heroism. Over time, these artistic traditions have become essential components of a variety of events and holidays. They predominantly take the form of ardah … Read more
Cenomi Centers secures $1.39bn Shariah-compliant, sustainability-linked financing RIYADH: Saudi Arabia’s lifestyle and leisure sectors have been infused with SR5.25 billion ($1.39 billion) after mall operator Cenomi Centers secured financing for the “next generation” of retail experiences. The firm’s Shariah-compliant, sustainability-linked funding agreement with a syndicate of top-tier banks is set to deliver a new take on retail within the … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index concluded its Wednesday’s trading at 12,438.77 points, marking an increase of 34.18 points or 0.28 percent. TASI reported a trading volume of SR10.26 billion ($2.738 billion), with 106 stocks gaining and 113 losing steam. The MSCI Tadawul 30 Index fell 0.61 points to close at 1,604.27 points, a 0.04 percent drop. On the other … Read more
RIYADH: Topian, the NEOM food company working to future-proof food systems, marked the first day of the Saudi International Marine Exhibition and Conference with three strategic agreements, aimed at strengthening Saudi Arabia’s position as a global leader in sustainable aquaculture. On Sunday Topian signed a key agreement with the National Livestock and Fisheries Development Program … Read more