Business & Money | Monday 4 March, 2024 9:29 am

Red Sea subsidiary inks deal with SAB to raise facilities limit by SAR 65M

Red Sea International Co.’s (RSI) subsidiary, Fundamental Installation for Electric Work Co. Ltd., signed an agreement to increase its credit facilities limit with Saudi Awwal Bank (SAB) by SAR 65 million to SAR 196.10 million.   In a statement to Tadawul, the...

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Business & Money | Sunday 3 March, 2024 11:29 am

The 9th edition of the GCC Regulatory Affairs Pharma Summit is set to convene in Dubai in 2024

Themed "Navigate Pharma Regulations with ease & Amplify Commercial Success" this 5 days’ summit will take place at the Mövenpick Grand Al Bustan - Dubai, UAE on April 22-26, 2024, which includes the following events and trainings: - Date: April 22-23 | GCC Regulatory Affairs Pharma ...

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Business & Money | Sunday 3 March, 2024 9:54 am

Zain KSA achieves record annual revenue of SAR 9.9 Billion in 2023

Zain KSA unveiled its 2023 financial results, marking a record annual revenue of SAR 9.9 billion, up from SAR 9.1 billion in 2022, with an impressive 9% growth.  This revenue surge propelled Zain KSA  to achieve its highest-ever annual profit, reaching SAR 1.3 billion,  a remarkable...

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Business & Money | Sunday 3 March, 2024 9:43 am

Minister of Industry & Mineral Resources inaugurates Siemens electrical equipment factory in Saudi Arabia

Siemens and Arabia Electric Limited Equipment Company, its partner in Saudi Arabia, inaugurated its electrical equipment factory in Modon Oasis Jeddah, at a ceremony hosted under the patronage and presence of Mr. Bandar Alkhorayef, Minister of Industry and Mineral Resources. The inauguration...

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Business & Money | Sunday 3 March, 2024 9:23 am

Over 230 global companies have confirmed so far to participate in the ninth edition of the Paper & Tissue One Show

Over 230 global companies have confirmed so far to participate in the ninth edition of the Paper & Tissue One Show, organized by Al Furat Fair Organization for exhibitions and conferences at the Abu Dhabi National Exhibition Centre (ADNEC) for three days from April 16 to 18, under the...

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Business & Money | Sunday 3 March, 2024 9:14 am

MBRSC CELEBRATES 18TH ANNIVERSARY WITH GALA CEREMONY AT MUSEUM OF THE FUTURE

The Mohammed Bin Rashid Space Centre (MBRSC) celebrated its 18th anniversary with a gala ceremony held at the Museum of the Future, in the presence of the Centre’s employees, including the leadership team, engineers and astronauts. The event began with an opening address by H.E. Salem Humaid ...

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Business & Money | Sunday 3 March, 2024 9:08 am

Mastercard partners with Loop to launch innovative payment solutions in Saudi Arabia

Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop expand its portfolio, ...

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Business & Money | Sunday 3 March, 2024 9:06 am

Park Avenue III by Azizi Developments reaches 95% construction completion

Azizi Developments, a leading private developer in the UAE, is announcing the 95% construction completion of Park Avenue lll, part of the prestigious Park Avenue project in the highly sought-after MBR City. Scheduled for a Q1 2024 completion, the project comprises 372 homes and 29 retail units ...

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Business & Money | Saturday 2 March, 2024 1:26 am

Enhancing fair trade practices important for economic opportunities in developing countries

Minister of Finance, Mohammed Al-Jadaan, said that enhancing fair trade practices is important for increasing economic opportunities in developing countries. He also emphasized the need to continue implementing the common framework for debt treatment.   In the first G20 Finance...

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Business & Money | Saturday 2 March, 2024 1:22 am

SAMA Governor says monetary policies should ensure price stability

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA) said that monetary policies should ensure price stability and be ready for immediate action to address economic changes.   He added that a stable financial sector is capable of efficiently converting savings into investments,...

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