Business & Money | Monday 13 November, 2023 9:34 am

TAM signs SAR 15 mln credit facility agreement with Bank AlJazira

TAM Development Co. signed on Nov. 12 a Shariah-compliant banking facilities agreement with Bank AlJazira worth SAR 15 million.   The 12-month facility is covered by a promissory note worth 110% of the total value, the company said in a statement on Tadawul.   The...

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Business & Money | Monday 13 November, 2023 9:31 am

Saudi economy to grow in 2024 supported by non-oil activity: PwC ME Chairman

Saudi economy will likely witness growth in 2024, driven by new reforms and diversification efforts that will set the foundation for future development and investments in the Kingdom, Riyadh Al-Najjar, Chairman of PwC Middle East, told Argaam.   He added that non-oil activity,...

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Business & Money | Monday 13 November, 2023 9:22 am

INGENIOUS.BUILD Unveils International Expansion Strategy to Address Growing Market Demand in Saudi Arabia; Riyadh Considered as First Office in Middle East

NASHVILLE, Tenn.--(BUSINESS WIRE/AETOSWire)-- INGENIOUS.BUILD, a leading company focused on innovation and technology, is thrilled to announce its strategic move to expand internationally to meet the rising demand for Development and Construction projects in Saudi Arabia. The expansion will...

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Business & Money | Monday 13 November, 2023 8:53 am

Dubai Customs Processes 994,000 Deposit Claims Worth 6.8 Billion Dirhams, Showing 22% Growth

The requests for deposit claim refunds processed by Dubai Customs have seen a substantial 22% increase in the first nine months of this year compared to the same period last year, totaling 994,000 claims with a value of 6.8 billion dirhams. Yousef Al-Hashimi, (Acting) Executive Director, Customer...

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Technology & IT | Sunday 12 November, 2023 10:43 am

Elevate Your Life with HONOR X9b 5G: Where Innovation Meets Display Brilliance

In the fast-paced world of smartphones, the HONOR X9b 5G stands out as a game-changer. This new addition to the HONOR X Series, which launched recently, redefines what you can expect from a durable and reliable smartphone. At its core is the groundbreaking HONOR Ultra-Bounce Anti-Drop Display,...

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Government | Sunday 12 November, 2023 10:05 am

HRSD signs four agreements to recruit domestic workers from Gambia, Tanzania

The Ministry of Human Resources and Social Development (HRSD) signed four agreements on recruitment of general and domestic workers with Gambia and Tanzania during the Saudi-Arab-African Economic Conference held in Riyadh today.   The agreements establish a framework for cooperation...

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Business & Money | Sunday 12 November, 2023 10:03 am

GAS signs SAR 50.98 mln deal with Advanced to build gas supply pipeline

Gas Arabian Services Co. (GAS) signed today, Nov. 12, a contract with Advanced Petrochemical Co. to build a pipeline for associated gas supply from the latter to Jubail United Petrochemical Co. (United), an affiliate of Saudi Basic Industries Corp. (SABIC).   The contract is valued...

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Business & Money | Sunday 12 November, 2023 10:00 am

NADEC signs MoU with Del Monte to establish JV

National Agricultural Development Co. (NADEC) signed, on Nov. 9, a memorandum of understanding (MoU) with Del Monte Saudi Arabia Factory Company Ltd. to establish a strategic joint venture (JV) company specializing in fresh products such as fruits, vegetables, fresh juices, potato processing, and...

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Business & Money | Sunday 12 November, 2023 9:59 am

Retal inks SAR 214 mln contract to build residential units in Jeddah

Retal Urban Development Co. signed on Nov. 9 a contract with its subsidiary, Building Construction Co. (BCC), to develop 352 residential units in Jeddah at SAR 214 million (exclusive of taxes, if applicable). The project will span 100,960 square meters at Sadayem suburb, Jeddah, without any...

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Environment & Energy | Sunday 12 November, 2023 9:50 am

NWC Completes Water Networks Construction at Al-Fadhila Scheme, South of Jeddah

The National Water Company (NWC) announced the completion of construction of drinking water networks in Al-Fadhila project in the south of Jeddah Governorate. This project is part of NWC’s development projects to support the infrastructure of the water system, increase the level of supply...

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