Business & Money | Wednesday 22 November, 2023 9:05 am

RAKEZ and RAK Customs Department sign ‘Top 10’

Ras Al Khaimah Economic Zone (RAKEZ), in collaboration with the Ras Al Khaimah (RAK) Customs Department, co-hosted a special dinner event to RAKEZ clients hailing from critical industries including trade, F&B, manufacturing, and vehicle armor. This exclusive event was designed to offer...

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Business & Money | Wednesday 22 November, 2023 9:02 am

TAM signs SAR 13M contract with CST

TAM Development Co. signed on Nov. 21 a project contract with the Communications, Space and Technology Commission (CST) at a total value of SAR 12.98 million, inclusive of VAT.   Under the 12-month contract, TAM will provide consultancy services and digital solutions for CST, the...

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Business & Money | Wednesday 22 November, 2023 8:59 am

MBC Group gets CMA nod to float 33.3 mln shares in IPO on TASI

The Capital Market Authority (CMA) approved an application from MBC Group to sell 33.25 million shares, representing 10% of its capital, in an initial public offering (IPO) on the Saudi Exchange (Tadawul).   The prospectus will be published ahead of the planned share sale, the market ...

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Business & Money | Wednesday 22 November, 2023 8:58 am

NDMC closes November issuance of Sukuk program at SAR 2.7 bln

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for November 2023, under the Saudi Arabian Government SAR-denominated Sukuk Program.   The total amount allocated stood at SAR 2.667 billion, NDMC said in a statement today, Nov....

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Tourism & Hospitality | Tuesday 21 November, 2023 2:21 pm

SIYAM WORLD SECURES PRESTIGIOUS "BEST LUXURY RESORT – MALDIVES" AWARD AT ARABIAN TRAVEL AWARDS GALA

Siyam World, the epitome of luxury and excellence in hospitality, proudly announces its recent accolade as the "Best Luxury Resort – Maldives" at the esteemed Arabian Travel Awards. The awards ceremony, now in its sixth edition, unfolded with grandeur at the Sofitel downtown, Dubai,...

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Business & Money | Tuesday 21 November, 2023 1:02 pm

FedEx Delivered Over $80 Billion in Direct Impact to the Global Economy in FY 2023: Annual Economic Impact Report

FedEx Corp. (NYSE:FDX) released its annual economic impact report, analyzing the company’s worldwide network and role in fueling innovation during its 2023 fiscal year (FY 2023) Produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading provider of business decisioning data...

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Business & Money | Tuesday 21 November, 2023 10:54 am

2P signs SAR 47.2 mln contract with Ministry of Hajj

Perfect Presentation Co. for Commercial Services Co. (2P) signed a contract worth SAR 47.22 million, including value-added tax (VAT), to operate information technology services at the Ministry of Hajj and Umrah.     ...

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Business & Money | Tuesday 21 November, 2023 10:47 am

GBB proudly announces the success of the launch of Emerging Tech Summit – Saudi Arabia

GBB proudly announces the success of the launch of Emerging Tech Summit – Saudi Arabia held on the 8th and 9th of November, 2023 at Voco Riyadh. The event, welcomed over 200, pre-qualified and by invitation only attendees bringing together decision makers, fostering a dynamic exchange of ideas...

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Business & Money | Tuesday 21 November, 2023 9:35 am

Walaa gets SAMA nod on SAR 425 mln capital hike via rights issue

Saudi Central Bank (SAMA) approved the request received from Walaa Cooperative Insurance Co. to increase its capital by SAR 425 million through a rights issue, the insurer said in a statement to Tadawul today, Nov. 21.   Walaa added that any future developments will be announced,...

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Business & Money | Tuesday 21 November, 2023 9:30 am

ADES bags SAR 1.1 bln contracts in Algeria, Indonesia

ADES holding Co. was awarded a long-term contract (LOA) with Pertamina Drilling Services Indonesia to operate its existing jackup drilling rig in the Java Sea, Indonesia for Pertamina in Region 2, aligning with the company’s efforts to expand footprint in South East Asia, according ...

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