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Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh US sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply.Brent crude futures rose 16 cents, or 0.2%, to settle at $72.16 a barrel. US West Texas Intermediate crude futures rose 21 cents, or 0.3%, to $68.28.On Thursday, the US Treasury announced new Iran-related sanctions, which for the first time targeted an independent Chinese refiner among other entities and vessels involved in supplying Iranian crude oil to China.For its part, China on Friday slammed US sanctions on…

– Diriyah Company signed an MoU with INSEAD to collaborate on human capital development, research, and educational programs.Diriyah, March 22, 2025, Diriyah Company has signed a memorandum of understanding (MoU) with INSEAD, a prestigious global business school, to collaborate on training, development, educational programs, statistics, and research to enhance human capital. The MoU was signed by Diriyah Company’s Chief Human Capital Officer Abdullah Al-Othman and Bachar Tabbara, Senior Director of Executive Education at INSEAD’s Middle East Campus in Abu Dhabi. A joint team will be formed to explore cooperation and implement the terms of the MoU in shared areas of…

Subha, the heartwarming initiative founded by Sanad Hourani and co-founder Yousef Amjad, has blossomed into a beacon of compassion and community support. The origin of this incredible journey was fueled by the profound impact the founders believed they could make during the holy month of Ramadan.   Inspired by the spirit of generosity and communal solidarity, they embarked on a modest effort to distribute meals and happiness, driven by a deepseated belief in the power of collective action.   Sanad reflects on Subha’s evolution since its inception, he notes the transformative journey of growth and expansion. “Initially, the initiative focused…

– The General Authority for the Care of the Grand Mosque introduced healthy iftar meals, including low-calorie and specialized options, to support worshippers’ dietary needs.Makkah, March 22, 2025, The General Authority for the Care of the Grand Mosque and the Prophet’s Mosque has launched a variety of healthy iftar meals for worshippers in the Grand Mosque courtyards. Low-calorie meals make up 20% of individual meals and 30% of those distributed by charitable organizations and endowments. Additionally, the initiative offers specialized meals to meet the dietary requirements of people with disabilities, chronic illnesses, and special needs. These meals, provided in the…

Al Borg Diagnostic Labs, based in Riyadh, Saudi Arabia, has achieved a major milestone in healthcare diagnostics by receiving accreditation from the College of American Pathologists (CAP). This accreditation highlights the lab’s dedication to upholding the highest standards and quality of accuracy, reliability, and efficiency in medical testing.   As a leading provider of advanced diagnostic services in the Gulf and Middle East region, Al Borg Reference Lab specializes in areas such as genetics, immunology, and molecular biochemistry. Expressing her pride and this major achievement, Dr. Mai Al Meshari, the Executive Medical Director said, “The CAP accreditation reinforces our position…

Corporate Social Responsibility (CSR) is integral to Saudi companies, reflecting their commitment to social and environmental wellbeing. This article explores leading companies excelling in CSR, engaging in internal and external initiatives that contribute to community development and align with Vision 2030.   Savola Savola carries out all its CSR and sustainability functions through their non-profit organization, the Savola World Foundation. Now a leading player in the region’s sustainability industry, Savola World initiates partnerships to drive change across five key pillars which are – society, employees, environment, sector, and business.   Four of their main programs include:  1. Makeen Program The…

AlUla Film, the film agency of the Royal Commission for AlUla, has named Nicola Formichetti, a well known artistic director and creative visionary, as the costume mentor for its premier program, AlUla Creates. Formichetti, known for his rich creativity, will mentor new and upcoming Saudi designers, bringing together the worlds of film and fashion.   Formichetti is a trendsetter in the creative world, known for his ability to create memorable experiences that resonate with people. He’s famous for his work with Lady Gaga, designing her unique looks for music videos and red carpets. He’s also collaborated with top fashion brands…

Almarai Company has announced its strategic investment plan for the upcoming five years, set to take place from 2024 to 2028. The focus is on solidifying its position as the leading vertically integrated dairy firm globally and the largest producer and distributor of food and beverages in the Middle East.   Additionally, the company aims to strengthen its contribution to food security, in line with the objectives of Saudi Vision 2030 and the government’s support for private sector development.   In confirming the strategy, HH Prince Nayef bin Sultan bin Mohammed bin Saud Al Kabeer, Chairman of the Company’s Board…

Emircom, known for its innovative IT solutions, is delighted to announce its state-of-the-art EiSoC (Emircom Intelligent Security Operations Center) in Riyadh, Saudi Arabia. This milestone is showcased with Emircom’s certification to provide Cisco’s Extended Detection and Response (XDR) Managed Services, proving its dedication to strengthening cybersecurity measures.   The Riyadh EiSoC launch marks a major step in Emircom’s efforts to safeguard organizations against any threats, complementing its existing EiSoC services in the UAE.   Emircom’s latest EiSoC and Cisco XDR services mark a strategic shift towards stronger cybersecurity measures. With strong security, extensive availability, and regional coverage, these initiatives will…

The LY650 Luxury Yacht by Lexus is evolving into the LY680 with exciting new upgrades. From March 21st, 2024, orders will exclusively be available in Japan through Lexus Marine sales offices and select dealers.   Lexus strives to represent a luxurious lifestyle brand, and its flagship Luxury Yacht represents the Lexus design principle of “Crafted.” The LY680 follows this idea by carefully paying attention to all the details to go beyond what customers expect and provide a special experience that engages their senses, even while sailing. The Luxury Yacht is designed to create a sense of seclusion amidst the sea,…