Business & Money | Sunday 8 August, 2021 12:42 am

Tanmiah lists on Saudi Exchange after heavily oversubscribed IPO; Investors show high level of confidence in leading Saudi food producer

Tanmiah Food Company (“Tanmiah”) has listed on the Saudi  Exchange following a successful IPO in which its shares achieved an institutional coverage ratio of 9,534% and a retail coverage ratio of 1,170%. The shares were offered to institutions and individuals at SAR 67, at the top of the...

More Details

Environment & Energy | Thursday 5 August, 2021 12:44 am

Dumat Al-Jandal wind farm turbine trial run begins

The Ministry of Energy announced the start of the trial operation of the first turbine in the Dumat Al-Jandal wind farm project in the northern Al-Jouf region. The project, which will exploit wind energy in the production of electricity, is the first project of its kind that comes within the...

More Details

Environment & Energy | Thursday 5 August, 2021 12:40 am

MoU to boost palm and dates market in AlUla

 The Royal Commission for AlUla (RCU) signed a memorandum of understanding (MoU) with the National Center for Palms and Dates (NCPD) to boost the palm and dates sector, achieve production efficiency from AlUla dates and market them locally and internationally.The MoU included working on...

More Details

Government | Thursday 5 August, 2021 12:39 am

Saudi Arabia to take part in G20 digital economy event

Saudi Arabia is taking part in a G20 digital economy event on Aug. 5. The G20 Digital Economy Ministers Meeting will discuss key issues related to digital transformation ahead of a final communique that will be endorsed by heads of states and governments at the Rome Summit. It is an...

More Details

Culture & Education | Thursday 5 August, 2021 12:37 am

Activities of Riyadh Theater Forum for Innovative Shows Continue

 Saudi Arabian Society for Culture and Arts in Riyadh has continued presenting theatrical performances within Riyadh Theater Forum for Innovative Shows. The forum was launched on Monday at the society's headquarters in Riyadh under the title "Mohamed Al-Tuwaian's Course". The Forum's...

More Details

Cars & Autos | Thursday 5 August, 2021 12:19 am

GM Reports Strong Second-Quarter 2021 Results

 General Motors Co. (NYSE: GM) today reported strong second-quarter earnings while continuing to accelerate its EV and AV growth initiatives. The company successfully prioritized production of its highest demand vehicles, gained significant retail market share in the full-size pickup segment...

More Details

Business & Money | Wednesday 4 August, 2021 1:01 am

Saudi Aramco investors expect profit surge after strong first half

The oil reporting season will reach a climax next week with the announcement of first half results from the biggest company in the sector, Saudi Aramco. With strong crude prices for most of the six months to June 30, and rising output as OPEC+ constraints were steadily lifted during the...

More Details

Government | Wednesday 4 August, 2021 12:50 am

Custodian of the Two Holy Mosques Chairs Cabinet's Virtual Session

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Prime Minister, chaired the Cabinet's virtual session here today. At the outset of the session, the Custodian of the Two Holy Mosques extended thanks to Allah the Almighty for bestowing his mercy on this blessed...

More Details

Cars & Autos | Wednesday 4 August, 2021 12:47 am

FIVE YEARS AND COUNTING: JAGUAR RACING CONFIRMS MITCH EVANS TO CONTINUE WITH THE BRITISH FORMULA E TEAM

Jaguar Racing has officially confirmed long-standing Jaguar Racing Formula E driver, Mitch Evans, will continue with the title-contending team, committing his future in the electric world championship on a new multi-year contract.The British Formula E team has a race-winning pedigree with Evans -...

More Details

Business & Money | Wednesday 4 August, 2021 12:42 am

Saudi Arabia Ranks Among Top Seven Global Economies on the National Entrepreneurial Context Index

The Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) along with the Babson Global Center for Entrepreneurial Leadership (BGCEL) released recently the Global Entrepreneurship Monitor (GEM) Kingdom of Saudi Arabia National Report 2020-21. The GEM Report, which charts levels...

More Details