Business & Money | Tuesday 10 October, 2023 10:58 am

Borouge signs agreement with NPCC to supply critical materials for energy projects in UAE

Borouge Plc today announced that it has signed an agreement with the National Petroleum Construction Company (NPCC), a UAE-based Engineering, Procurement and Construction (EPC) Company.The two-year agreement includes a sales contract worth nearly AED60 million, wherein Borouge will supply steel...

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Business & Money | Tuesday 10 October, 2023 10:50 am

Masdar signs MoU with Malaysia to develop up to 10GW of renewable energy projects

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to invest US$8 billion for up to 10 gigawatts (GW) of renewable energy projects in a strategic partnership...

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Environment & Energy | Tuesday 10 October, 2023 10:48 am

ADNOC L&S to distribute interim cash dividend of AED239 mn for Q2-23

ADNOC Logistics and Services plc (ADNOC L&S) (ADX symbol ADNOCLS / ISIN AEE01268A239), today announced that its Board of Directors has approved the distribution of an interim cash dividend of $65 million (AED239 million) for Q2 2023, equivalent to 3.2 fils per share.The interim dividend will be ...

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Business & Money | Tuesday 10 October, 2023 10:41 am

Saudi Arabia to operate first passenger hydrogen train demo in October

Saudi Arabia Railways (SAR), in partnership with France’s Alstom, will operate and demonstrate the world's first hydrogen-powered train in Riyadh in October.    The Coradia iLint train will embark on a first-ever...

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Technology & IT | Tuesday 10 October, 2023 10:28 am

Saudi Esports Federation and Kaspersky join forces to level up cybersecurity in gaming and content creation

Kaspersky today announced its partnership with the Saudi Esports Federation (SEF), becoming an exclusive partner for Saudi eLeagues and Voices of Saudi Esports in the category of cybersecurity and digital protection. This will help Kaspersky join the Saudi gaming community and steer the attention...

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Business & Money | Tuesday 10 October, 2023 10:24 am

“Naif Alrajhi Investment” Makes Strategic Move with Significant Stake Acquisition in “Veyron Marketing”

Naif Alrajhi Investment, a premier Saudi investment group, has recently acquired a significant stake in Veyron Marketing, a leading name in Saudi Arabia's marketing and advertising sector. Veyron, renowned for its rapid growth, specializes in the strategic planning and execution of both local and...

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Environment & Energy | Tuesday 10 October, 2023 10:15 am

Nutanix to Support Saudi Arabia’s Vision 2030 Sustainability Agenda

Nutanix, a leader in hybrid multicloud computing, has reiterated its commitment to helping advance the sustainability objectives outlined in Saudi Vision 2030, which aims to overcome environmental challenges through measurable action and green initiatives.  “Firstly, we would like...

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Business & Money | Tuesday 10 October, 2023 10:05 am

Saudi Arabia launches first phase of Red Sea destination

Red Sea Global announced on Oct. 9 launching the first phase of Red Sea destination and starting to receive visitors from all over the world. This achievement will help boost the local tourism sector, the company said on X platform. In July, CEO John Pagano said the company is largely on...

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Business & Money | Tuesday 10 October, 2023 10:02 am

Saudi Fund for Development Signs New $20 Million Development Loan Agreement to Construct and Equip Schools in Tajikistan

The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed today a new development loan agreement with the Minister of Finance of the Republic of Tajikistan, H.E. Kahhorzoda Fayziddin Sattor, through which SFD is contributing $20 million USD to fund the...

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Business & Money | Tuesday 10 October, 2023 9:40 am

Cisco Announces Plan for New Data Centers in Saudi Arabia for Webex Collaboration Platform – The First in the Region

Cisco today announced plans to establish data centers in the Kingdom of Saudi Arabia (KSA) to better serve customers using its collaboration platform, Webex. The data centers are scheduled to be operational in the second half of 2024. For his part, H.E. Vice Minister of Communications and ...

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