Global alliance on green economy launched in Dubai

  • DUBAI: A “Global Alliance on Green Economy” was launched at the 8th World Green Economy Summit, which concluded in Dubai. The summit was held under the theme “Climate action leadership through collaboration: The roadmap to net-zero.” A large number of ministers, experts, decision-makers,...
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Oman Air provides high quality in-house flight operations training

  • Oman Air continues to set benchmarks in quality and safety as the national airline of the Sultanate of Oman has carried out almost 500 simulator training sessions, 83 courses for pilots, and 230 cabin crew courses over the first half of 2022 alone.  The airline also saw the promotion of se...
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Safeen Group signs fuel oil transport, storage agreement with Amaan Baghdad

  • AD Ports Group’s Safeen Group and Amaan Baghdad Company have signed an agreement to support a new project relating to fuel oil transport and storage from Khor Al-Zubair and Umm Qasr oil terminals in Iraq. The project represents a significant extension of Safeen Group’s portfolio of dedicated ...
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BinDawood Holding opens first store in Bahrain

  • BinDawood Holding Co., one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom, recently celebrated the opening of the first international Danube hypermarket in the Kingdom of Bahrain at Al-Liwan Project in Hamala in the Northern Governorate. The store...
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Strong growth primarily driven by economic reforms, says Saudi finance minister


  • RIYADH: Leaders of the Gulf Cooperation Council are keen to see the group achieve “the highest levels of economic integration,” said Saudi Finance Minister Mohammed Al-Jadaan. He was speaking at the 117th Meeting of the GCC Financial and Economic Cooperation Committee in Riyadh on Monday...
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PIF-backed Marafiq eyes 80% dividend by 2024 as it plans listing on TASI

  • RIYADH: The Public Investment Fund-backed utility firm Saudi Power and Water Utility Co. for Jubail and Yanbu, known as Marafiq, expects dividends to reach 80 percent by 2024, as it plans listing on Tadawul soon.  The utility company has witnessed stable financial results in the last thr...
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KPMG to add non-Saudi senior directors as shareholders

  • RIYADH: Global accounting firm KPMG Professional Services has introduced a new shareholding structure to include non-Saudi senior directors as shareholders of the company.  The proposal was approved in the company’s extraordinary general meeting held on Oct. 1. The move comes as KPMG o...
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Simaat platform signs technical integration agreement with Ejar Network

  • RIYADH: Real estate technology provider Simaat platform has signed a technical integration agreement with Ejar Network, a comprehensive system that aims to develop the housing sector in Saudi Arabia. According to a press release, the agreement was signed in the presence of Majid Al-Hogail, th...
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UK discusses trade and investment opportunities with Saudi Arabia

  • RIYADH: A UK delegation led by Lord Mayor of the City of London Alderman Vincent Keavney discussed trade and investment opportunities with Saudi Arabia's Minister of Investment Khalid Al-Falih during talks in Riyadh. After the meeting, part of the ongoing UK-Gulf Cooperation Council free...
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TASI gains ahead of OPEC+ meeting: Opening bell

  • RIYADH: The Saudi main index rose in Monday’s trading session as investors awaited the meeting of the Organization of the Petroleum Exporting Countries Plus to be held later in the week. The Tadawul All Share Index started the session 0.53 percent higher to reach 11,548; the parallel market N...
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