Business & Money | Thursday 1 August, 2024 10:15 am

GAC approves solutions’ JV agreement with JEDCO

Arabian Internet and Communications Services Co. (solutions) announced that the General Authority for Competition (GAC) has issued a non-objection to a joint venture (JV) agreement with Jeddah Development and Urban Regeneration Company (JEDCO) to establish a limited liability company. In a...

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Business & Money | Thursday 1 August, 2024 10:02 am

Makkah Construction appoints Mohammed Al-Nafea as CEO

Makkah Construction and Development Co. announced a decision made by its board of directors during its meeting, held on July 31, to appoint board member Mohammed Al-Nafea as the company’s CEO.   In a statement to Tadawul, the company said the decision was based on the...

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Business & Money | Thursday 1 August, 2024 10:00 am

Saudi plans to host FIFA WC 2034 in 5 major cities

The Fédération Internationale de Football Association (FIFA) has unveiled details of Saudi Arabia’s ambitious bid to host the largest-ever edition of the FIFA World Cup held in a single country. This announcement follows Saudi Arabia’s official bid book submission for the FIFA World Cup 2034...

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Business & Money | Thursday 1 August, 2024 9:47 am

Theeb adds over 1300 vehicles to fleet through Al Wallan deal

Theeb Rent a Car Co. signed an agreement with Al Wallan Trading Co., the exclusive dealer of Hyundai vehicles in Saudi Arabia, under which it will add more than 1,300 vehicles to its fleet. Under this agreement, Theeb will be the first car rental company in the Kingdom to receive the latest...

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Business & Money | Thursday 1 August, 2024 9:35 am

Saudi Aramco kicks off construction of new stadium in Al Khobar

Saudi Aramco announced today, July 31, the start of construction of "Aramco Stadium", with an accomodating capacity of about 47,000 seats. The new stadium will be built in Al Khobar and is poised for completion by 2026. It will be the main stadium for Al Qadisiyah Football Club, owned by...

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Business & Money | Thursday 1 August, 2024 9:31 am

AlBawani Signs Memorandum of Understanding with LG to Deliver Smart Home and City Solutions

On Tuesday evening, AlBawani Holding Company signed a memorandum of understanding with LG Corporation to deliver state-of-the-art smart home solutions. The solutions of the technology and artificial intelligence offer intelligent and seamless ways to enhance our daily lives, making smart homes and...

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Business & Money | Thursday 1 August, 2024 9:25 am

Dubai’s Samana Developers Launches “Samana Avenue” Project in Dubailand

Samana Developers, one of the leading and top real estate developers in Dubai, today launched the “Samana Avenue” project in the Dubai Land Residence Complex located in the Dubailand neighbourhood.  Samana Offers UAE Golden Visa One of the key features of Samana Avenue is...

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Business & Money | Wednesday 31 July, 2024 1:37 pm

Gulf Print & Pack launches in Riyadh

Riyadh-based exhibition showcases the latest print and packaging technologies as Kingdom of Saudi Arabia investment booms. Labelexpo Global Series has today announced the launch of Gulf Print & Pack in the Kingdom of Saudi Arabia, taking place from 21 – 23 January 2025 at the Riyadh...

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Business & Money | Wednesday 31 July, 2024 11:15 am

Saudi Arabia’s NHC, NAVER Agree to Operate Smart City Solutions for Digital Twin Platform 'Baladi'

In a pioneering move towards digital transformation, Saudi Arabia’s National Housing Company (NHC) signed on Sunday a contract with the Republic of Korea's NAVER Cloud Platform to implement smart city solutions on the digital twin platform "Baladi." The collaboration aims to adopt global...

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Business & Money | Wednesday 31 July, 2024 11:01 am

Borouge reports $308 million net profit in Q2 2024

Borouge Plc has reported a 33% year-on-year (YoY) increase in second-quarter net profit to $308 million, powered by higher sales and cost efficiencies as the company recorded its highest ever production volumes. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA)...

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