Business & Money | Sunday 15 September, 2024 8:58 am

GO to acquire 51% Stake in eJad for SAR 86.7 Million

Etihad Atheeb Telecommunication Co. (GO) signed on Sept. 14 a binding Memorandum of Understanding (MoU) to acquire a 51% equity stake in eJad Tech Co. for a total consideration of SAR 86.7 million.   In a statement to Tadawul, the company pointed out that the acquisition will be...

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Business & Money | Sunday 15 September, 2024 8:57 am

Al Akaria says Bayan’s guarantor ordered to pay SAR 187.5M

Saudi Real Estate Co. (Al Akaria) said that a final ruling was issued on Sept. 14 by the Commercial Court in Riyadh, ordering the defendant Mohammed Obeid Al-Hammad to pay the company SAR 187.5 million. In a statement to Tadawul, the company entered into an agreement with Al Bayan Holding...

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Business & Money | Saturday 14 September, 2024 12:09 pm

Al-Falih: 750 Chinese companies drive major projects in Saudi Arabia

Saudi Minister of Investment Khalid Al-Falih said that around 750 Chinese companies are currently operating in Saudi Arabia, contributing to major construction projects, including NEOM.   In an interview with Xinhua, Al-Falih stressed that the Kingdom aspires to have more Chinese...

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Technology & IT | Saturday 14 September, 2024 12:06 pm

Finance, manufacturing in Saudi Arabia most vulnerable to cyberattacks: Official

The finance and manufacturing sectors in Saudi Arabia are the most vulnerable to cyberattacks, Al-Eqtisadiah newspaper reported, citing Samir Omar, CEO of Middle East and North Africa Information Security Conference (MENA ISC).   The finance sector experienced 18.2% of these...

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Business & Money | Saturday 14 September, 2024 12:04 pm

S&P affirms Saudi Arabia’s rating at A/A-1, outlook positive

S&P Global Ratings revised its outlook on Saudi Arabia to “Positive” from “Stable” and affirmed its 'A/A-1' long- and short-term foreign and local currency unsolicited sovereign credit ratings.   In a recent report, the agency said its rating reflects the Saudi...

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Healthcare | Saturday 14 September, 2024 12:34 am

Response Plus Medical signs MoU with SkyAngels Air Ambulance for medical air evacuation services

Response Plus Medical Services LLC (RPM), a subsidiary of Response Plus Holding PJSC – the largest pre-hospital care and emergency medical services provider in the UAE and KSA – has signed a Memorandum of Understanding (MoU) with SkyAngels Air Ambulance, a UK-based provider of emergency medical ...

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Business & Money | Friday 13 September, 2024 3:49 pm

Informa Tharawat and Real Estate Regulatory Authority sign MoU to cohost Qatar Real Estate Forum and Cityscape 2024

Cityscape Qatar, the premier real estate event, announced the signing of a Memorandum of Understanding (MoU) with the Real Estate Regulatory Authority (Aqarat), to host an exceptional edition of the Qatar Real Estate Forum and Cityscape 2024.  Held under the patronage of HE Sheikh Mohammed bin ...

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Business & Money | Friday 13 September, 2024 3:49 pm

Informa Tharawat and Real Estate Regulatory Authority sign MoU to cohost Qatar Real Estate Forum and Cityscape 2024

Cityscape Qatar, the premier real estate event, announced the signing of a Memorandum of Understanding (MoU) with the Real Estate Regulatory Authority (Aqarat), to host an exceptional edition of the Qatar Real Estate Forum and Cityscape 2024.  Held under the patronage of HE Sheikh Mohammed bin ...

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Technology & IT | Friday 13 September, 2024 3:42 pm

SDAIA launches initiative to connect over 300 gov't entities

The Saudi Data & AI Authority (SDAIA) launched the Saudi Private Network for Government Integration (SPINE), one of its key initiatives aimed at connecting over 300 government entities for data and service exchange.   The initiative is designed to standardize connectivity...

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Business & Money | Friday 13 September, 2024 3:41 pm

Industry Minister outlines 3 pathways for AI adoption in industrial, mining sectors

Bandar Alkhorayef, Minister of Industry and Mineral Resources, said the industrial and mining sectors benefit significantly from artificial intelligence (AI), Al Eqtisadiah newspaper reported.   He added that the ministry is on the right track to leveraging the AI through three key...

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