Who’s Who: Sultan Al-Hamidi, CEO of the Social Development Bank News

Sultan Al-Hamidi was recently appointed CEO of the Social Development Bank. Upon accepting his new role, Al-Hamidi thanked the chairman and board members for their confidence in him. He also paid tribute to his predecessor, Ibrahim Al-Rashed, for his significant contributions and forward-thinking initiatives that have markedly advanced the SDB’s mission. “Today, alongside my dedicated … Read more

Saudi Fund for Development secures $55m loan for earthquake mitigation project in Turkiye  News

CAIRO: Venture capitals focused on the Middle East and North Africa region have successfully refueled their tanks with multiple firms attracting new investments.  Female-led Lebanon-based Globivest announced its first closing for an undisclosed sum in its venture capital firm.  Reaching two-thirds of its target of $25 million to $30 million, the investment marks a significant milestone … Read more

New Murabba showcases vision for Riyadh’s urban development News

For eight consecutive years, the International Institute for Iranian Studies has published its prominent Annual Strategic Report, offering its esteemed readership a comprehensive and in-depth analysis of world dynamics, whether in the political, military, security or economic spheres.  With each year, Rasanah has expanded its scope of discussion, covering new regions — trying to keep … Read more

Islamic Development Bank and Azerbaijan sign financing framework deal News

RIYADH: Saudi Arabia’s Islamic Development Bank is set to provide a financing framework for Azerbaijan through a new agreement.  The IsDB and the country’s Ministry of Economy signed a memorandum of understanding to establish a cooperative funding structure to potentially strengthen the bank’s support for Azerbaijan’s social and economic development, according to a release by … Read more

Arab education development under spotlight in Jeddah News

MAKKAH: The Royal Commission for AlUla has taken significant steps to safeguard and increase the population of Arabian leopards. Through collaboration with conservation organizations and the establishment of reserves, the commission has proven itself steadfast in its mission to ensure that Arabian leopards survive — and thrive — for generations to come. The RCU told … Read more

Saudi ministers discuss economic development with World Bank boss in Davos News

RIYADH: The Saudi Ministry of Human Resources and Social Development has cut hiring costs for domestic workers from several countries. These countries include the Philippines, Sri Lanka, Bangladesh, Uganda, Kenya and Ethiopia, the ministry announced on Jan. 15. The maximum that recruitment companies can charge has been reduced for the Philippines from SR15,900 ($4,239) to … Read more

Saudi Development Fund CEO receives head of EU delegation News

RIYADH: The Ministry of Human Resources and Social Development, through the Ajeer platform, has launched an incentive initiative for companies contracting security guard services that aims to enhance the work environment for Saudis in the private sector. The initiative factors in the localization of Saudi security guards for establishments contracting security services. Eligible establishments must … Read more

Who’s Who: Khloud Al-Tamimi, CEO of Mawaddah Development Association News

Khloud Al-Tamimi has been CEO of Mawaddah Development Association since 2016. The association is dedicated to education, training, guidance, reform, and family awareness through sustainable development initiatives. As CEO, Al-Tamimi has spearheaded numerous initiatives and reforms, including the establishment of internal systems encompassing regulations, policies, governance, and operations.

Who’s Who: Adel Bakheet Al-Zahrani, executive director for community development charters at ROSHN News

Adel Bakheet Al-Zahrani was appointed executive director for community development charters at the real estate developer ROSHN Group in November 2023. His responsibilities include ensuring real estate development guidelines support the objectives of Saudi Vision 2030 and the National Transformation Program, monitoring global trends, and integrating best practices into local guidelines.

King Fahd International Airport in Dammam set to undergo a $26.6m development News

Al-Ahsa Municipality issues 2,928 licenses to establish residential units in 2023 RIYADH: Saudi Arabia’s Al-Ahsa region witnessed a rise in residential units in 2023 as the governorate’s municipality issued 2,928 licenses for their establishment.   The authority has also approved 20 plans, 155 residential plots as well as two commercial plans and five government facilities, the … Read more