Saudi Arabia's Minister of Investment, Khalid Al-Falih, expected that investments in the petrochemical sector would total $600 billion by 2030. In his speech at the Saudi-Japan Investment Forum, Al-Falih stated that the strategic partnership between Saudi Arabia and...
More than 120 of the National Industrial Development and Logistics Program’s (NIDLP) initiatives were completed two years before the scheduled deadline, CEO Suliman Almazroua stated at the NIDLP’s annual ceremony. He said that this progress confirms the maturity of the...
The Ministry of Human Resources and Social Development (HRSD) launched an insurance service on its Musaned platform for contracts of new domestic workers. As of Feb. 1, 2024, the insurance service will cover the first two years of the contract, then it will be...
Realty Force Real Estate, a boutique agency specializing in high-end luxury properties, has been awarded the Top-performing Agency 2023 in recognition of its deep understanding of Expo City’s sales landscape and its vision for innovative, sustainable, and human-centric urban development. Realty...
Ras Al Khaimah Economic Zone (RAKEZ) has recently tied up with Commercial Bank International (CBI), to enhance the business banking experience for RAKEZ clients. This collaboration is designed to foster financial inclusion by streamlining access to a comprehensive range of financial services,...
Bashar Al-Natoor, the Global Head of Islamic Finance - Managing Director, Fitch Ratings, has projected a sustained uptrend in global sukuk issuance, with the market soaring to US$823.4 billion at the end of Q3-23, reflecting a robust 9.8% annual growth. Speaking to the Emirates News Agency...
Saudia Dairy and Foodstuff Co. (SADAFCO) finished the construction of a new warehouse in the industrial city of Makkah and commenced actual operations. The buildings and cold stores are completely ready, the safety, protection, and environmental systems have been installed...
The Social Development Bank (SDB) provided SAR 11 billion in financing by the end of 2023, meeting its economic and social financing goals for the year while expanding its non-financial services, the Saudi Press Agency (SPA) reported. The bank stated that more than 8,600 small...
Al Moammar Information Systems (MIS) signed a data backup and storage contract with the National Center of Government Resources (NCGR) worth SAR 24.87 million (VAT inclusive), according to a statement by the company to Tadawul today, Dec. 24. The one-year...
Saudi Ports Authority signed today, Dec. 24 four deals maritime service contracts, exceeding SAR one billion in private sector investments. The Authority announced these contracts were signed with Zamil Offshore Services Co. and Naghi Marine Co. for eight ports, in collaboration...