Business & Money | Monday 23 October, 2023 8:35 am

Al Yamamah Steel inks SAR 185.9 mln electrical towers contract

Al Yamamah Steel Industries Co. signed, on Oct. 22, a contract with Al Sharif Group & KEC Ltd. to manfucture and supply electrical towers at a total value of SAR 185.9 million excluding VAT, according to a statement to Tadawul.   The contract will extend for 10 months, and the...

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Healthcare | Monday 23 October, 2023 8:29 am

Saudi Arabia applies annual fees to vehicle driving licenses as per fuel efficiency

Saudi Arabia started today, Oct. 22, applying the first phase of annual fees to the issuance and renewal of vehicle licenses as per their fuel efficiency, Saudi Press Agency reported. The first phase will be applied to new light vehicles starting from model 2024.    ...

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Government | Monday 23 October, 2023 8:26 am

Saudi Arabia, South Korea sign bilateral agreements

Saudi Crown Prince Mohammed bin Salman welcomed Korean President Yoon Suk Yeol at Al Yamamah Palace in Riyadh today, Oct. 22. Both leaders held an expanded meeting, and an official talks session, the SPA reported. During the meeting, the two sides held official discussions about bilateral ...

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Business & Money | Monday 23 October, 2023 8:25 am

PIF, Hyundai Motor sign JV agreement on automotive manufacturing plant in Saudi Arabia

The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) announced the signing of a joint venture (JV) agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia.   PIF will hold a 70% stake in the new joint venture with Hyundai holding the...

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Environment & Energy | Monday 23 October, 2023 8:12 am

Saudi Arabia converts 60% of high value-added aluminum products: Alkhorayef

Saudi Arabia is betting on becoming a key contributor to the global supply chains and on finding solutions for the challenges they face, thanks to its natural resources, strategic location and human capabilities, Minister of Industry and Mineral Resources Bandar Alkhorayef...

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Technology & IT | Sunday 22 October, 2023 3:02 pm

Kaspersky launches specialized security solution for containerized environments

Kaspersky has launched a full-featured solution for containerized environments – Kaspersky Container Security (KCS). It secures containerized application at all stages, from development to operation. The product is ready to go directly after installation, low-cost, and easy to deploy and...

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Business & Money | Sunday 22 October, 2023 2:52 pm

Saudi Electricity plans SAR 500 bln investment by 2030

Saudi Electricity Co. (SEC) announced that it plans to invest around SAR 500 billion by 2030 to build electricity transmission networks and ensure connectivity between all regions of the Kingdom by deploying cutting-edge technologies.   The company made the announcement...

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Business & Money | Sunday 22 October, 2023 1:44 pm

Majeed Al Abduljabbar appointed as the CEO of Saudi Real Estate Refinance Company (SRC)

The Board of Directors of the Saudi Real Estate Refinance Company (SRC), wholly owned by the PIF and headed by His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majed bin Abdullah Al-Hogail, announced today that Mr. Majeed Al Abduljabbar will assume the role of Chief...

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Business & Money | Sunday 22 October, 2023 12:57 pm

Saudi Arabia sure to become key player in global supply chains: Alkhorayef

The Kingdom of Saudi Arabia is betting that it will be one of the major countries in the world to contribute to supply chains in general, said Minister of Industry and Mineral Resources, Bandar Alkhorayef.   During the fifth session of the Supply Chains and Logistics Services...

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Government | Sunday 22 October, 2023 12:56 pm

Dubai Customs Showcases Cutting-Edge Innovations and Expands Global Collaborations

Dubai Customs is deeply committed to bolstering its regional and global prominence in advancing customs operations. They achieve this by nurturing partnerships with customs administrations worldwide. This is accomplished through hosting visiting delegations and acquainting them with the innovative...

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