Business & Money | Thursday 20 March, 2025 10:55 am

GCC imposes anti-dumping tariff on Chinese aluminum imports

A ministerial committee, comprising industry ministers from the Gulf Cooperation Council (GCC), approved a recommendation of the Permanent Committee for Combating Harmful Practices in International Trade of GCC countries to impose definitive anti-dumping duties on imports of coated or colored...

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Business & Money | Thursday 20 March, 2025 10:52 am

AlJazira Takaful secures IA approval to renew insurance license

AlJazira Takaful Taawuni Co. received approval today, March 19, from the Insurance Authority (IA) to renew its license to operate in Saudi Arabia, covering general, health, and protection & savings insurance. In a statement to Tadawul, the insurer said the renewal is valid for...

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Business & Money | Thursday 20 March, 2025 10:51 am

Bold and bigger deals fuel transformative growth in the region: PwC’s 2025 TransAct Middle East report

PwC Middle East has released its latest TransAct Middle East report titled, Bold moves: Big bets, bigger growth, highlighting key mergers and acquisitions (M&A) in the Middle East in 2024. According to the report, the region’s dealmaking landscape was driven by a growing emphasis on...

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Business & Money | Thursday 20 March, 2025 10:46 am

Saudi Arabia offers construction tenders for 5 agricultural cities to private sector

Ministry of Environment, Water, and Agriculture launched construction tenders for five agricultural city projects in Al-Baha, through Furas platform. These tenders include the establishment of an agricultural city for prickly pears and another four for coffee, according to a ministerial...

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Business & Money | Thursday 20 March, 2025 10:39 am

Alkhorayef Water wins SAR 62M contract from NWC

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on March 19 a SAR 61.84 million VAT-exclusive contract for leak detection and repair in Jazan. Under the contract, the utility will carry out leak detection and repair work in the Jazan region for a period of 30 months, according...

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Business & Money | Wednesday 19 March, 2025 10:30 am

Jana appoints Afaq Capital for subsidiaries listing on Nomu

Jana Medical Co. signed an agreement with Afaq Capital to serve as financial advisor for the planned listing of its fully owned subsidiaries, Excellent Medical Care Co. and Excellent Medical Care Co., on Nomu-Parallel Market. In a statement on Tadawul, Jana said the listing process will unfold ...

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Business & Money | Wednesday 19 March, 2025 10:29 am

AlBalad AlAmeen, Sumou Holding ink 2 MoUs

AlBalad AlAmeen for Development and Urban Regeneration Co., the investment arm of the Municipality of Makkah, signed a memorandum of understanding (MoU) with Sumou Holding Co. to launch a SAR 4 billion investment fund. The fund will finance the superstructure development of the Sumou Suburb...

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Business & Money | Wednesday 19 March, 2025 10:23 am

NDMC closes March issuance of Sukuk program at SAR 2.6B

The National Debt Management Center (NDMC) closed receiving investor orders for its domestic issuance for March 2025, under the Saudi Arabian Government SAR-denominated Sukuk Program. The total volume allocated was SAR 2.64 billion, NDMC said in a statement today, March 18. The sukuk...

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Business & Money | Wednesday 19 March, 2025 10:16 am

GAC seeks public input on draft to enhance competition in food delivery platforms sector

The General Authority for Competition (GAC) invited public input on the draft guideline to enhance competition in the food delivery platforms sector through the Istitlaa platform, with voting set to close on April 12. The project aims to regulate the activities of food delivery platforms in...

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Business & Money | Wednesday 19 March, 2025 10:14 am

Lucid aims to export 92% of Saudi plant's output: Middle East VP

Faisal Sultan, Vice President, Managing Director of Lucid Middle East, said the company aims to export approximately 92% of its Saudi plant's electric vehicle (EV) production, with 13% earmarked for GCC markets. The construction of the factory — currently underway in King Abdullah Economic...

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