Business & Money | Sunday 18 August, 2024 9:56 am

Naseej Tech signs SAR 16.2M contract with KAU

Naseej for Technology Co. (Naseej Tech) signed, on Aug. 15, a contract with King Abdulaziz University (KAU) for technical support services at a total value of SAR 16.19 million, inclusive of VAT. The project aims to upgrade KAU’s academic system to the latest version, provide the necessary...

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Business & Money | Sunday 18 August, 2024 9:54 am

Arriyadh Development shareholders OK SAS with Riyadh Holding to develop Dirah district

Arriyadh Development Co.’s shareholders approved the creation of a simplified joint-stock company (SAS) in partnership with Riyadh Holding Co. to develop Dirah district, during the ordinary general meeting (OGM) held on Aug. 15. In a statement to Tadawul, the company said its share in the...

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Business & Money | Sunday 18 August, 2024 9:40 am

Equipment House inks SAR 34.8M with Riyadh Second Health Cluster

Scientific & Medical Equipment House Co. (Equipment House) signed, on July 30, a contract for the maintenance and repair of medical devices and equipment for hospitals and health centers within Riyadh Second Health Cluster. The contract was sealed at a total value of SAR 34.79 million,...

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Business & Money | Sunday 18 August, 2024 9:37 am

ACWA Power commissions Ar Rass 1 solar PV plant in Saudi Arabia

ACWA Power Co. announced receiving a notice on Aug. 15 from Ar Rass Solar Energy Co., indicating starting operations at the 700 MW Ar Rass 1 solar photovoltaic plant project in Saudi Arabia upon obtaining the commercial operations certificate, according to statement to Tadawul. ACWA Power owns ...

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Business & Money | Sunday 18 August, 2024 9:36 am

SALIC approves sale of entire stake in Saudi Fisheries for SAR 122.4M

Saudi Fisheries Co. (Alasmak) received, on Aug. 15, a letter from its shareholder, Saudi Agricultural and Livestock Investment Co. (SALIC), stating acceptance of the binding offer to complete a special sale and purchase transaction by selling SALIC’s entire stake in Alasmak amounting to 16...

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Business & Money | Sunday 18 August, 2024 9:29 am

MEPCO to double Juthor capacity at SAR 345M

Middle East Paper Co. (MEPCO) said on Aug. 15 that its board of directors gave the go-ahead for doubling production capacity of Juthor Paper Manufacturing Co. by adding the tissue paper production line 6 project (TM6) at a total value of SAR 345 million.In a statement to Tadawul, MEPCO said it ...

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Business & Money | Saturday 17 August, 2024 12:05 am

1,553 disputes resolved in H1 2024: ADREC Dispute Settlement Centre

The Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi's real estate sector, has announced that its Real Estate Dispute Settlement Centre mediated 1,553 real estate disputes in the first half of 2024, demonstrating its efficiency and commitment to maintaining stability...

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Sports | Saturday 17 August, 2024 12:04 am

Global Industry Leaders Eager to Share Insights at the New Global Sport Conference in Riyadh

In less than two weeks, the New Global Sport Conference 2024 (NGSC), themed ‘The Future of Fandom’ will host more than 60 global speakers and over 750 global delegates from leading industries such as gaming, esports, technology, sports, entertainment, business and investment, and many more on...

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Business & Money | Saturday 17 August, 2024 12:03 am

Dubai Chambers to organise Dubai Business Forum – China to boost economic, investment ties

Chinese business leaders have praised Dubai’s role as a vital hub for opportunities and an ideal platform for business expansion in both regional and global markets due to the emirate’s strong competitive advantages and attractive investment environment. Senior officials from three...

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Business & Money | Saturday 17 August, 2024 12:00 am

Ajman real estate market soars with AED2 billion in July transactions, up 42.85%

The real estate market in Ajman continues its upward trend, recording 1468 real estate transactions in July with a total value of over AED2 billion, a growth of 42.85 percent year-on-year. Omar bin Omair Al Muhairi, Director-General of Ajman's Department of Land and Real Estate Regulation,...

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