Business & Money | Friday 3 May, 2024 12:18 am

WSM inks SAR 2.2M contract with King Abdulaziz Royal Reserve

WSM for Information Technology Co. signed a contract worth SAR 2.2 million (VAT included) to build, develop, and manage a website and mobile application for King Abdulaziz Royal Reserve. In a statement to Tadawul, WSM pointed out that the duration of the contract is 24 months from the...

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Business & Money | Thursday 2 May, 2024 10:12 am

Ministry finances up to 75% of industrial projects: Alkhorayef

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said that the Kingdom provides financing of up to 75% of the value of quality industrial projects. According to the Ministry’s statement, during the meeting organized by the Qatari Businessmen Association in Doha with a number of ...

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Business & Money | Thursday 2 May, 2024 9:33 am

ACWA Power signs SAR 11.4B financing deals to fund 2 projects

ACWA Power Co. signed, on May 1, a senior debt financing deal for Qassim 1 Combined Cycle Power Plant (CCGT) with a capacity of 1,800 MW in Qassim, according to a statement to Tadawul. The SAR 5.69 billion ($1.52 million) financing deal will extend for 28.1 years, and was signed through Qassim ...

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Business & Money | Thursday 2 May, 2024 9:16 am

Zain KSA Signs Sustainability Champions Charter with Ministry of Economy and Planning

Zain KSA, the leading telecommunications and digital services provider in Saudi Arabia, has signed the ‘Sustainability Champions Initiative charter, a pivotal initiative spearheaded by the Ministry of Economy and Planning. The signing ceremony took place during the World Economic Forum's Special...

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Business & Money | Thursday 2 May, 2024 9:11 am

Azizi Developments, Arup partner for Azizi Opera in Venice

Azizi Developments, a leading private developer in the UAE, has announced its partnership with UK-based engineering firm Arup for the spatial planning of Azizi’s Opera, the crown jewel of its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. Founded in ...

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Business & Money | Thursday 2 May, 2024 9:09 am

ITFC Advances Global Economic Integration through Strategic Partnerships at the 49th IsDB Group Annual Meetings

During the third day of the 49th IsDB Annual Meetings, the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, signed additional agreements and engaged in pivotal partnership discussions with several key OIC member countries and other key...

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Business & Money | Thursday 2 May, 2024 9:01 am

ADNOC, G42 and Presight Partner to Accelerate AI Solutions for the Energy Sector

ADNOC, G42 and Presight AI Holding PLC (‘Presight’), an ADX publicly listed company, today announced a new shareholding structure for AIQ. Under the agreement, Artificial Intelligence (AI) and Big Data Analytics leader Presight will acquire a 51% stake in AIQ with ADNOC retaining a 49%...

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Business & Money | Thursday 2 May, 2024 8:37 am

Lana signs SAR 8M contract with Gulf Cooperation Council

Lana Medical Co. signed a contract with the Gulf Cooperation Council (GCC) at a total amount of SAR 8 million, to restore, furnish and modify the buildings of the Peninsula Shield Force in Hafar Al-Batin. The contract, signed on March 18, is valid for one year from the date of site delivery...

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Business & Money | Thursday 2 May, 2024 12:18 am

First SaudiFood Manufacturing, Kingdom’s largest F&B manufacturing event to-date, gets underway

Eng. Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON) has opened the busy inaugural SaudiFood Manufacturing show, which runs from April 30 – May 2 at Riyadh Front. Eng. Al-Argoubi inaugurated the exhibition and toured its aisles, visiting the...

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Business & Money | Wednesday 1 May, 2024 3:03 pm

Digital Transformation Summit Announces DT50 winners list!

The Digital Transformation Summit is proud to announce the inaugural DT50 winners list, recognizing the fifty most influential leaders shaping the digital future of the United Arab Emirates.  The DT50 winners list celebrates visionaries, innovators, and disruptors who are driving...

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