Business & Money | Thursday 15 February, 2024 8:54 am

REGA launches e-platform for real estate contributions

The Real Estate General Authority (REGA) launched a new e-platform to receive applications for qualification and licensing of real estate contributions.   The platform will enable developers to obtain the necessary licenses to start real estate contributions through online submission ...

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Business & Money | Thursday 15 February, 2024 8:49 am

ACWA Power fulfills terms to withdraw funding for SAR8.6B PV solar plants

ACWA Power Co. announced the fulfillment of the conditions precedent to the drawdown of the credit facilities to fund Ar Raas 2, Saad 2 and Al Kahfah solar PV projects in central and north Saudi Arabia.   The three large-scale projects have a production capacity...

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Business & Money | Wednesday 14 February, 2024 12:29 pm

Big 5 Construct Saudi, under the patronage of the Ministry of Municipal, Rural Affairs and Housing in the Kingdom, shapes the future of construction

Held under the patronage of His Excellency Mr. Majid Abdullah Al-Hogail, the Minister of Municipal, Rural Affairs and Housing in Saudi Arabia, the 12th edition of Big 5 Construct Saudi, the largest construction event to be ever held in the Kingdom, organized by dmg events, is gearing up to...

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Business & Money | Wednesday 14 February, 2024 9:52 am

Nikken Sekkei-designed One Za’abeel Project inaugurated in Dubai

Leading Japanese architectural consulting firm Nikken Sekkei celebrated the official opening of its One Za’abeel project, wholly owned by the Investment Corporation of Dubai, with a ceremony at the site on February 10. Distinguished attendees included...

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Business & Money | Wednesday 14 February, 2024 9:50 am

Human Capability Development Program explores labor market needs

The Human Capability Development Program (HCDP) is working on a mega project to anticipate the needs of the labor market, CEO Anas AlMudaifer told CNBC Arabia.   He added that this will help narrow the gap between the labor market needs and human capability in the educational and...

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Business & Money | Wednesday 14 February, 2024 9:37 am

Cenomi Centers signs SAR 5.25B credit facilities with multiple banks

Arabian Centres Co. (Cenomi Centers)  signed, on Feb. 13, a Shariah- compliant guaranteed Murabaha credit facility agreement and a revolving murabaha facilities agreement with lower borrowing costs and more flexible covenants compared to existing facilities, with multiple banks and for a total ...

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Business & Money | Wednesday 14 February, 2024 9:30 am

Emirates Integrated Telecommunications Company PJSC Reports its Q4 and full-year 2023 Results

Emirates Integrated Telecommunications Company PJSC published today its financial results for Q4 and the full-year 2023. Full-year revenues grew by 6.9% to AED 13.64 billion highlighting sustained demand for mobile services, and strong growth in postpaid and fixed services. Full-year EBITDA surged...

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Business & Money | Wednesday 14 February, 2024 9:23 am

SCAI Partners with stc and Tahakom to Launch Sawaher Platform by Harnessing AI Technologies and Smart Analytics

The Saudi Company for Artificial Intelligence (SCAI), wholly owned by the Public Investment Fund (PIF), has announced its strategic alliance with Saudi Telecom Company (stc) and Saudi Technology and Security Comprehensive Control Company (Tahakom) for their collaboration on the launch of the...

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Business & Money | Wednesday 14 February, 2024 9:12 am

Riyadh to host Saudi Rare Disease Summit on February 16

Riyadh to host the Saudi Rare Disease Summit on 16 -17 February 2024, organized by the Saudi Pediatric Neurology Society (SPNS), and Maarefah Management the world-class events management company, and accredited by the Saudi Commission for Health Specialties, and supported by the Rare Disease Day,...

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Business & Money | Wednesday 14 February, 2024 8:57 am

The Digital Cooperation Organization Launches the Third DiplomaticConnect at the Embassy of Pakistan in Riyadh

The Digital Cooperation Organization (DCO) launched its third DiplomaticConnect event at the Embassy of Pakistan in Riyadh, bringing together diplomats, government officials, private sector leaders, and technology experts to explore the transformative potential of digital innovation in diplomatic...

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