Riyadh’s bid for Expo 2030 commands global attention as nations prepare to cast votes
In the vibrant streets of Paris Monday, the absence of massive billboards or Saudi advertisements on Parisian buses and taxis is a rare sight. The highly awaited decision for hosting the 2030 World Expo is looming, with 181 countries engaged in the voting process. The distinguished contenders for this global event are Saudi Arabia, South […]
Saudi tourism campaign sees phenomenal 277% surge in bookings amidst China’s enthusiastic response
The Saudi Tourism Authority (STA) has launched its most extensive integrated travel campaign in China, titled ‘Embark on a Journey of Discovery to Saudi,’ at the Shanghai Bund Waterfront. This monumental event witnessed over 400 trade partners, media influencers, and the Chinese public engaging in an exploration of Saudi’s diverse tourism offerings. The campaign commenced […]
International Media Forum in Jeddah issues charter for responsible journalism and ethics
In a landmark event held in Jeddah on Monday, the International Media Forum on “The Role of Media in Inciting Hatred and Violence: Risks of Misinformation and Bias” issued the Jeddah Charter for Media Responsibility. This comprehensive charter underscores the paramount importance of upholding human dignity, embracing shared moral principles, and safeguarding human rights across […]
Financial fraud uncovered: Saudi prosecutors take down 13-member criminal network
Saudi authorities have apprehended 13 individuals involved in a far-reaching financial fraud operation. The arrests follow a thorough investigation into a sophisticated network engaged in money laundering, electronic fraud, and violations of the electronic transactions system. Investigation procedures, conducted by the Financial Fraud wing of the Public Prosecution, revealed that the suspects engaged in financial […]
COP 28 host UAE ready for rising heat risk, says minister
The United Arab Emirates is ready for soaring temperatures that are feared to make parts of the Gulf uninhabitable by the end of the century, the oil power’s climate change minister told AFP. Long experience of the harsh desert summers has taught the country to live with temperatures that regularly flirt with 50 degrees Celsius […]
ADJD released 82,000 electronic judicial rulings through publication since 2020
The Abu Dhabi Judicial Department (ADJD) released over 82,000 judicial rulings on its website between 2020 and the third quarter of 2023 to promote legal and cognitive awareness in society, ensure the integrity and transparency of court rulings, and strengthen Abu Dhabi’s position in the Rule of Law Index. The Judicial Department emphasised that making […]
Bank of Sharjah leads $350mln sukuk issuance for Ittihad
Bank of Sharjah acted as a joint lead manager and bookrunner in a $350 million Sukuk issuance for UAE-based Ittihad International Investment LLC, according to a press release. The listed lender participated in the 144A/Reg S senior unsecured sukuk transaction alongside other international and regional banks. Mohamed Khadiri, CEO of Bank of Sharjah, commented: “Our […]
EWEC opens Q4 2023 Clean Energy Certificates auction
Emirates Water and Electricity Company (EWEC) today announced that it will conduct its Q4 2023 auction for Clean Energy Certificates (CECs) in Abu Dhabi, with registration now open and the auction closing on 14th December 2023. Introduced by the Abu Dhabi Department of Energy (DoE), CECs are currently the only accredited instruments in Abu Dhabi […]
Saudi: Osool and Bakheet Investment’s Chairman resigns
Abdulwahab Abdulkarim Albetari resigned from his position as the Chairman of Osool and Bakheet Investment Company due to personal reasons. The board members accepted Albetari’s resignation on 23 November, yet it became effective on 26 November 2023, according to a bourse filing. Earlier this month, the company floated 1.50 million shares on the Parallel Market […]
Saudi companies Retal, JABEEN sign $320mln contract to develop housing units in Jubail
Saudi’s Retal Urban Development Company announced on Monday that it has signed an agreement with Jubail and Yanbu Industrial Cities Services Co. (JABEEN), the investment arm of the Royal Commission for Jubail and Yanbu (RCJY), to develop primary and secondary infrastructure works and to design and construct 897 residential units in Jubail Industrial City. The […]