Business & Money | Wednesday 15 January, 2025 11:24 am

NMDC Energy inaugurates advanced fabrication yard in Saudi Arabia to drive regional growth

NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients, and a majority-owned subsidiary of NMDC Group PJSC (ADX: NMDC), has inaugurated an advanced fabrication yard in Ras Al Khair, Saudi Arabia, representing the...

More Details

Business & Money | Tuesday 14 January, 2025 10:26 am

Aramco signs 145 deals worth SAR 33.75B at iktva Forum 2025

Saudi Aramco signed 145 agreements and memoranda of understanding (MoUs) valued at around SAR 33.75 billion ($9 billion) at the In-Kingdom Total Value Add (iktva) Forum & Exhibition 2025. The oil giant said in a statement that the agreements and MoUs are expected to advance the...

More Details

Business & Money | Tuesday 14 January, 2025 10:23 am

NMDC Energy launches AED 200M fabrication yard in Saudi Arabia

Abu Dhabi-listed NMDC Energy inaugurated its state-of-the-art fabrication yard in the Ras Al Khair Special Economic Zone, Saudi Arabia. In a statement, the company said this milestone marks a significant step in the company’s strategic efforts to strengthen its regional and global presence...

More Details

Business & Money | Tuesday 14 January, 2025 10:20 am

Over SAR 90B mining projects under study: Al-Mudaifer

Khalid Al-Mudaifer, Vice-Minister for Mining Affairs of Saudi Arabia's Ministry of Industry and Mineral Resources, sad that many mining projects and opportunities with over SAR 90 billion investments are under feasibility study. The ministry is encouraging several partners and companies to invest...

More Details

Business & Money | Monday 13 January, 2025 10:42 am

Energy Minister inaugurates Siemens Energy expansion unit in Dammam

Minister of Energy Prince Abdulaziz bin Salman inaugurated the expansion of Siemens Energy Co.’s plant in Dammam 2nd Industrial City. The expansion increased the total area of the plant by 35% to 20,000 square meters. According to a post by the Saudi Authority for Industrial Cities and...

More Details

Business & Money | Monday 13 January, 2025 10:40 am

View inks SAR 164M deal for Riyadh residential tower

View United Real Estate Development Co. signed, on Jan. 12, a contract to develop a residential tower worth SAR 164 million in the Al-Nakheel district, at King Fahd Road in Riyadh. In a statement to Tadawul, the company said that the deal was signed with Alshams Holding Co., Wavz Real...

More Details

Business & Money | Monday 13 January, 2025 10:37 am

Al Rajhi Bank plans to issue USD-denominated sukuk

Al Rajhi Bank plans to issue USD-denominated additional Tier 1 sustainable sukuk under its international Additional Tier 1 Capital Sukuk Program, established by the bank on April 18, 2024. The bank stated in a filing on Tadawul that the sukuk issuance is expected to be conducted through a...

More Details

Business & Money | Monday 13 January, 2025 10:23 am

NWC begins implementation of a package of environmental services development projects in Jeddah at SR 42m

The National Water Company (NWC) has recently started the implementation of sanitary drainage projects in several residential districts in Jeddah at a cost of 42 million Saudi Riyals.  The projects include the implementation of sublines with a length of more than 29.7 Kilometers. This is part...

More Details

Business & Money | Sunday 12 January, 2025 9:52 am

Saudi Arabia unveils Middle East’s largest livestock city worth SAR 9B

Hafr Al-Batin Investment Forum 2025, organized by the Hafr Al-Batin Chamber, in collaboration with the Federation of Saudi Chambers, launched the largest livestock city in the Middle East at a cost of SAR 9 billion. This comes as part of the Kingdom's efforts to reach self-sufficiency in...

More Details

Business & Money | Sunday 12 January, 2025 9:45 am

Hafr Al-Batin Forum witnesses signing of SAR 17B deals

The Hafr Al-Batin Investment Forum 2025 witnessed today, Jan. 8, the signing of seven agreements worth SAR 17 billion in several target sectors, poised to bolster the future of economic development and investment in Hafr Al-Batin, so as to become an attractive hub for local and international...

More Details