Business & Money | Wednesday 22 January, 2025 9:24 am

TAM receives SAR 24.8M purchase order from government entity

TAM Development Co. received a purchase order for a project worth SAR 24.8 million, within the framework agreement concluded with a government agency, according to a Tadawul statement. The order is valid for 12 months, the company said, adding that there are no related parties to the...

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Business & Money | Tuesday 21 January, 2025 9:41 am

Kingdom Holding resumes Jeddah Tower construction

Kingdom Holding Co. (KHC) announced today, Jan. 20, the official restart of construction and concrete pouring for the Jeddah Tower. Jeddah Economic Co. (JEC) is overseeing the project, in partnership with global architectural firm Adrian Smith + Gordon Gill Architecture, along with engineering ...

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Business & Money | Tuesday 21 January, 2025 9:32 am

Red Sea subsidiary signs SAR 266M contract

Red Sea International Co.'s subsidiary, Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed a SAR 266 million contract with ALEC Saudi Arabia Engineering and Contracting LLC. The deal covers mechanical and electrical works for the Scientific Discovery and Innovation...

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Business & Money | Tuesday 21 January, 2025 8:00 am

Housing Ministry publishes updated entertainment facility regs

Saudi Arabia’s Ministry of Municipalities and Housing issued the updated regulatory guide for entertainment facilities, aimed at improving service quality, attracting investors, and enhancing visitor safety while protecting stakeholder rights. The new regulations apply to all entertainment...

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Business & Money | Monday 20 January, 2025 8:00 am

‏Saudi Hospital Performs the World's 1st Artificial Heart Implantation by a Robot

King Faisal Specialist Hospital and Research Centre (KFSHRC) in Riyadh has successfully performed the world’s first robotic-assisted implantation of an artificial heart pump (HeartMate 3) developed by Abbott, a groundbreaking procedure that marks a significant advancement in medical technology...

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Business & Money | Monday 20 January, 2025 8:00 am

In 2024, NWC completed 118 projects worth SR +5.5 billion for 1.8 million beneficiaries

The National Water Company (NWC) announced that it has completed 118 water and sanitation projects in 2024 across all regions of the Kingdom at a cost of more than 5.57 billion Saudi riyals, benefiting 1.8 million beneficiaries. During a workshop in Dammam, the company gave an overview of the...

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Business & Money | Monday 20 January, 2025 8:00 am

Aramco tops world’s most profitable companies

The technology, energy, and financial sectors dominated the list of the world's most profitable companies in 2024, led by Saudi Aramco that outperformed Apple, according to a report by Visual Capitalist. A select group of corporate titans continues to dominate the financial landscape,...

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Business & Money | Monday 20 January, 2025 8:00 am

126 agreements, MoUs worth SAR 107B signed at FMF

The fourth edition of the Future Minerals Forum (FMF), held in Riyadh, witnessed the signing of 126 agreements and memorandums of understanding (MoUs) worth SAR 107 billion. The agreements aim to enhance exploration, mining, financing, research and development, innovation, sustainability,...

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Business & Money | Monday 20 January, 2025 8:00 am

Mining investments in RCJY cities reach SAR 185b: Official

Investments in the mining sector across the cities of the Royal Commission for Jubail and Yanbu (RCJY) currently total SAR 185 billion, according to RCJY President Khalid Al-Salem. Speaking to CNBC Arabia, Al-Salem highlighted that Yanbu and Jizan are poised to attract significant...

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Business & Money | Sunday 19 January, 2025 10:12 am

"TAQEEM" and "Najm" Sign an Agreement to Support Electronic Vehicle Damage Assessment Services

As part of its ongoing efforts to develop the "Taqdeer" system, the Saudi Authority for Accredited Valuers (TAQEEM) has signed a cooperation agreement with Najm for Insurance Services to support the electronic damage assessment services for vehicles involved in minor traffic accidents in various...

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