Business & Money | Thursday 28 November, 2024 4:44 pm

RIBA strengthens Gulf presence and partnerships

As part of its work to promote architectural excellence and grow its global membership, the Royal Institute of British Architects (RIBA) has been taking steps to strengthen its presence and strategic partnerships in the Gulf. This work coincides with the 15th anniversary of the RIBA Gulf...

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Business & Money | Monday 20 January, 2025 8:00 am

‏Saudi Hospital Performs the World's 1st Artificial Heart Implantation by a Robot

King Faisal Specialist Hospital and Research Centre (KFSHRC) in Riyadh has successfully performed the world’s first robotic-assisted implantation of an artificial heart pump (HeartMate 3) developed by Abbott, a groundbreaking procedure that marks a significant advancement in medical technology...

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Business & Money | Monday 20 January, 2025 8:00 am

Azizi Developments' Riviera Beachfront reaches 46% construction milestone

 Azizi Developments, a leading private developer in the UAE, has announced that the construction of Beachfront in Riviera, its French Mediterranean-inspired waterfront community in MBR City, has reached 46% completion.  Beachfront I has achieved 95% of its structural build, with...

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Business & Money | Monday 20 January, 2025 8:00 am

KKR and Gulf Data Hub Form Strategic Partnership to Scale One of the Middle East’s Largest Independent Data Center Platforms

 Gulf Data Hub (“GDH” or the “Company”), one of the largest independent data center platforms in the Middle East focused on serving hyperscale demand across the Gulf countries, and KKR, a leading global investment firm, today announced that funds affiliated with KKR will acquire a...

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Business & Money | Monday 20 January, 2025 8:00 am

du announces sponsorship of Global Government Cloud Forum

du, the leading telecom and digital services provider, today announced its partnership with the upcoming Global Government Cloud Forum, set to take place on January 21, 2025, at the Museum of the Future in Dubai. At the event, Fahad Al Hassawi, CEO of du, will deliver an insightful keynote on the...

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Business & Money | Monday 20 January, 2025 8:00 am

In 2024, NWC completed 118 projects worth SR +5.5 billion for 1.8 million beneficiaries

The National Water Company (NWC) announced that it has completed 118 water and sanitation projects in 2024 across all regions of the Kingdom at a cost of more than 5.57 billion Saudi riyals, benefiting 1.8 million beneficiaries. During a workshop in Dammam, the company gave an overview of the...

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Business & Money | Monday 20 January, 2025 8:00 am

Sulaiman Al Habib to start ops at Riyadh's Al Hamra Hospital on Jan. 21

Dr. Sulaiman Al Habib Medical Services Group said it obtained on Jan. 17 the Ministry of Health’s final license to operate Al Hamra Hospital in Riyadh. In a statement to Tadawul, the healthcare provider pointed out that the 90-bed capacity hospital will start operations on Jan....

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Business & Money | Monday 20 January, 2025 8:00 am

SPIMACO inks sale, distribution contract for SAR 164.1M annually

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) signed on Jan. 16 a five-year contract with Ibrahim bin Muhammad Al Hadithi International Co. for the sale and distribution of a number of medical products. In a statement on Tadawul, SPIMACO noted the annual value of...

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Business & Money | Monday 20 January, 2025 8:00 am

Aramco tops world’s most profitable companies

The technology, energy, and financial sectors dominated the list of the world's most profitable companies in 2024, led by Saudi Aramco that outperformed Apple, according to a report by Visual Capitalist. A select group of corporate titans continues to dominate the financial landscape,...

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Business & Money | Monday 20 January, 2025 8:00 am

126 agreements, MoUs worth SAR 107B signed at FMF

The fourth edition of the Future Minerals Forum (FMF), held in Riyadh, witnessed the signing of 126 agreements and memorandums of understanding (MoUs) worth SAR 107 billion. The agreements aim to enhance exploration, mining, financing, research and development, innovation, sustainability,...

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Business & Money | Monday 20 January, 2025 8:00 am

Mining investments in RCJY cities reach SAR 185b: Official

Investments in the mining sector across the cities of the Royal Commission for Jubail and Yanbu (RCJY) currently total SAR 185 billion, according to RCJY President Khalid Al-Salem. Speaking to CNBC Arabia, Al-Salem highlighted that Yanbu and Jizan are poised to attract significant...

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