13 Dhu al-Qi'dah 1445 - 21 May 2024
    
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Eye of Riyadh

Emirates Group records full-year profit of AED18.7 billion
Business & Money | Tuesday 14 May, 2024 7:34 am
The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its...
NWC started implementing 9 projects in Madinah at some 500m SR
Business & Money | Tuesday 14 May, 2024 7:18 am
The National Water Company (NWC), represented by the Northwest Cluster, announced the launch of the implementation of 9 water and sanitation projects in different locations in Madinah Region, at a cost of about 500 million Saudi Riyals (SR), in order to increase the coverage of services, increase...
Sipchem’s affiliate signs agreements to refinance SAR 1.53B outstanding loan
Business & Money | Tuesday 14 May, 2024 7:18 am
Sahara International Petrochemical Co. (Sipchem) said that its affiliate, Sahara and Ma'aden Petrochemicals Co. (SAMAPCO) signed Islamic facility agreements to refinance its SAR 1.53 billion outstanding syndicated loan with Banque Saudi Fransi and Al Rajhi Bank. These agreements also cover a...
ADNOC Drilling secures $1.7 billion contract to unlock UAE’s world-class unconventional energy resources
Environment & Energy | Tuesday 14 May, 2024 7:13 am
ADNOC Drilling Company has been awarded, by ADNOC, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. The contract will see Turnwell deliver 144 unconventional oil and gas wells. To service the contract and explore the...
Qualified investors start subscription to 500,000 Horizon Educational shares on Nomu
Business & Money | Tuesday 14 May, 2024 7:10 am
Qualified investors start today, May 12, subscription to 500,000 shares of Horizon Educational Co., which is scheduled to list on the Nomu-Parallel Market at a price range of SAR 54 per share. Shares offered for subscription represent 20% of the post-IPO capital and 25% of the company’s...
Cisco Study Reveals 98% of KSA Organizations Uses AI Technologies in their Cybersecurity Strategies to Address the Evolving Threat Landscape
Technology & IT | Tuesday 14 May, 2024 7:06 am
A recent study conducted by Cisco (NASDAQ: CSCO) highlights a significant surge in the use of AI technologies in cybersecurity strategies among KSA organizations. The study indicates that 98% of companies surveyed are integrating AI in their security defenses, mainly in threat detection, response,...
To Accelerate Kingdom-Wide Digital Transformation and Drive Objectives of Saudi Vision 2030:
Business & Money | Tuesday 14 May, 2024 12:37 am
Riyad Capital has announced the launch of the "1957 Ventures" fund, a closed-end investment fund backed by Riyad Bank to drive transformative growth in Saudi Arabia's FinTech sector, in line with the objectives of Saudi Vision 2030 and the Financial Sector Development Program. The launch of...
Saudi Moving and Logistics Companies Showcase Significant Presence on the Global Stage
Business & Money | Tuesday 14 May, 2024 12:24 am
 In a new step to strengthen its presence on the international stage, Four Winds Saudi Arabia Limited, Four Winds Saudi Arabia Limited, a Saudi leader in comprehensive and integrated moving and logistics services since 1979, today announced its participation as a Principal Sponsor at the 2024...
Dubai Customs Secures Prestigious ISO Certification for Unwavering Business Continuity amidst Crises
Government | Monday 13 May, 2024 1:20 pm
Dubai Customs has been awarded a Business Continuity Certificate according to ISO 22301:2019 standards, owing to its established mechanisms for ongoing institutional resilience enhancement. This endeavor aims to ensure the sustained provision of business operations and services with optimal...
HONOR Prioritizes Environmental Care & Sustainability in Manufacturing the HONOR Magic V2
Technology & IT | Monday 13 May, 2024 1:05 pm
In a time where environmental awareness is crucial, HONOR shines as a symbol of eco-consciousness in smartphone production. Through the development of the HONOR Magic V2, the company has made substantial efforts to reduce its environmental impact while enhancing user satisfaction. Here's how HONOR...
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