Business & Money | Monday 17 March, 2025 12:40 pm

RELEX Forum Riyadh highlights AI’s role in Saudi Vision 2030 and retail growth

RELEX Solutions, hosting its first Middle East event, brought together industry leaders to discuss AI-driven advancements in retail and supply chain planning. RELEX Forum Riyadh underscored the company’s commitment to helping businesses in the region enhance efficiency, reduce waste, and align...

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Business & Money | Monday 17 March, 2025 10:20 am

Tabreed, Dubai Holding enter agreement to provide district cooling to Palm Jebel Ali

National Central Cooling Company (Tabreed) and Dubai Holding Investments, part of Dubai Holding, have entered a concession agreement to provide district cooling services for Palm Jebel Ali in Dubai. The agreement establishes a joint venture, with Tabreed holding a 51 percent stake and Dubai...

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Business & Money | Monday 17 March, 2025 10:16 am

UOS, DAVAS Prime form research partnership

Under the patronage of Prof. Hamid M.K. Al Naimiy, Chancellor of the University of Sharjah (UOS), a collaborative research agreement has been formalised between the University of Sharjah and DAVAS Prime Middle East Manufacturing. The agreement aims to foster research collaboration focused on...

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Business & Money | Monday 17 March, 2025 10:13 am

Shalfa signs SAR 75M credit facilities with SAIB

Shalfa Facilities Management Co. signed on March 16 a Shariah-compliant credit facilities agreement worth SAR 75 million with The Saudi Investment Bank (SAIB). The financing period will end on Feb. 28, 2026, and will be covered by a promissory note, the company said in a statement on...

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Business & Money | Monday 17 March, 2025 10:09 am

National Building says major shareholder to transfer 2M shares to subsidiary

National Building and Marketing Co. (NBM) said that Fahad Al Thunayan, who owns 64.61% of the company’s shares, will transfer two million shares to the investment portfolio of Ethraa Holding Co., a closed joint stock company. The restructure will involve...

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Business & Money | Monday 17 March, 2025 10:06 am

Sure wins SAR 11.5M contract from NCNP

Sure Global Tech Co. was awarded on March 16 a VAT-inclusive contract valued at SAR 11.5 million by the National Center for Non-Profit Sector (NCNP). In a statement to Tadawul, Sure said the project will last one year. The company will set a developmental and operational service ...

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Business & Money | Monday 17 March, 2025 10:03 am

Saudi Arabia, Indonesia to ink MoU to resume hiring domestic workers

Saudi Arabia and Indonesia are set to sign a memorandum of understanding (MoU) to facilitate the recruitment of domestic workers from Indonesia to Saudi Arabia, Bloomberg reported. “The MoU will be signed between the two countries later this month in Jeddah,” said Abdul Qadir Karding,...

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Business & Money | Monday 17 March, 2025 9:57 am

Crown Prince launches Architecture Characters Map

Crown Prince and Prime Minister Mohammed bin Salman officially launched the Saudi Architecture Characters Map, featuring 19 distinct architectural styles inspired by the Kingdom’s diverse geographical and cultural characteristics. This highlights Saudi Arabia’s commitment to celebrating...

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Business & Money | Monday 17 March, 2025 9:52 am

Saudi Kayan signs refinancing deal worth SAR 8.1B

Saudi Kayan Petrochemical Co. signed a Murabaha refinancing deal worth SAR 8.1 billion with several local banks. The refinancing agreement includes replacing the existing debt with new financing. According to a statement to Tadawul, the financing parties include Saudi National Bank (SNB), ...

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Business & Money | Monday 17 March, 2025 9:49 am

Emirates NBD partners with VFS Global to empower consumers with exclusive benefits and services

Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has signed a partnership agreement with VFS Global — the world's largest visa outsourcing and technology services specialist — to offer consumers across the Kingdom access to exclusive...

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