GOVERNMENT

Gas Arabian to list on Nomu after offering 790,000 shares in IPO

Gas Arabian to list on Nomu after offering 790,000 shares in IPO

RIYADH: Gas Arabian Services Co. plans to offer 790,000 ordinary shares or 5 percent of its capital, and to list them on the parallel market, NOMU, according to a bourse filing. FALCOM Financial Services Co. is the Financial Advisor and Lead Manager of the IPO. Gas Arabian got the approval to list shares on Nomu […]

Saudi Crown Prince instructs Riyadh planners to push ahead with city’s global ambitions

Saudi Crown Prince instructs Riyadh planners to push ahead with city’s global ambitions

RIYADH: Saudi Crown Prince Mohammed bin Salman instructed Riyadh city planners to continue with implementing its ambitious 2030 strategy to make it one of the best global cities. The Crown Prince’s instruction followed a board meeting of the Royal Commission for Riyadh City, known as RCRC, to review the strategy that aims to place the Saudi capital among the top […]

Saudi Arabia hosts meeting of Arab Ministers of Social Affairs Council

Saudi Arabia hosts meeting of Arab Ministers of Social Affairs Council

RIYADH: The Kingdom is hosting a meeting of the Arab Ministers of Social Affairs Council and the Conference for the Management of Social Transformation Program for Social Affairs’ Arab Ministers. The event was launched on Monday in Riyadh and continues until Dec. 23. Ahmed Al-Rajhi, Saudi Arabia’s minister of human resources and social development, inaugurated […]

Crown Prince launches Jeddah Downtown $20bn master development plan

Crown Prince launches Jeddah Downtown $20bn master development plan

RIYADH: Crown Prince Mohammed bin Salman has launched the master development Downtown Jeddah project, formerly known as “New Jeddah Downtown”,  to develop 5.7 million square meters with a total investment of SR75 billion ($19.98 billion). The project will be implemented by the Public Investment Fund’s Central Jeddah Development in three phases, the first of which […]

Gulf leaders in Riyadh for 42nd GCC summit

Gulf leaders in Riyadh for 42nd GCC summit

RIYADH: Gulf leaders arrived in Riyadh on Tuesday for the 42nd Gulf Cooperation Council summit, which is set to explore avenues for tighter cooperation and integration in the region. Crown Prince Mohammed bin Salman first received the Omani delegation, headed by the deputy prime minister, before welcoming Sheikh Mohammed bin Rashid Al-Maktoim, vice president of the […]

Bennett ‘optimistic’ after landmark UAE trip

Bennett ‘optimistic’ after landmark UAE trip

Prime Minister Naftali Bennett says he is “very optimistic” after a one-day trip to the United Arab Emirates — the first official visit to the Gulf country by an Israeli leader since the countries established relations last year. Bennett met Monday with Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi’s powerful crown prince and de […]