Business & Money | Tuesday 6 February, 2024 10:30 am

Amit Midha Appointed as Global CEO of Alat

The Alat Board of Directors, Chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Chairman of the Board of Directors of the Public Investment Fund (PIF), announces Amit Midha as its global CEO. He is a global business leader who has...

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Business & Money | Tuesday 6 February, 2024 10:16 am

Investment Ministry, GAMI ink 11 new deals with private sectors

The Ministry of Investment and the General Authority for Military Industries (GAMI) signed 11 new partnerships with the private sector. The partnerships are geared towards boosting investments and fostering technology transfer and development within the defense and military industries sectors, ...

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Business & Money | Tuesday 6 February, 2024 10:06 am

PIF's JCDC signs SAR 12B contracts for three major architectural landmarks

Jeddah Central Development Co. (JCDC), a wholly owned subsidiary of the Public Investment Fund (PIF), signed four contracts worth SAR 12 billion for three major architectural landmarks.   The projects include the sports stadium, opera house, oceanic basins, in addition to the...

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Business & Money | Tuesday 6 February, 2024 10:04 am

Steel Pipe signs SAR 138.6M contract with Aramco

Saudi Steel Pipe Co. (SSP) signed today, Feb. 6, a contract to supply oil and gas steel pipes to Saudi Aramco, with an estimated value of SAR 138.6 million.   The contract is valid for 12 months, the pipe manufacturer said in a statement to Tadawul, noting that there are no related...

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Business & Money | Tuesday 6 February, 2024 10:04 am

Saudi Arabia's private sector workers hit 11M in January

The number of workers in the Saudi private sector reached a record number of 11.05 million by end of January 2024, according to the National Labor Observatory.   The total number of nationals working in the private-sector entities amounted to 2.33 million by the end of January, of...

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Business & Money | Tuesday 6 February, 2024 8:59 am

PIF launches new local business opportunities at largest Private Sector Forum in Saudi Arabia

The Public Investment Fund (PIF) will hold its second PIF Private Sector Forum – the largest gathering of its kind in the country – along with its accompanying exhibition, on February 6-7, 2024, at the King Abdulaziz International Convention Center in Riyadh. This event aims to foster...

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Business & Money | Monday 5 February, 2024 2:23 pm

MENA witnesses 48 IPOs raising US$10.7 billion in 2023

According to the EY MENA IPO Eye Q4 2023 report, MENA markets saw 48 initial public offerings (IPOs) in 2023, raising US$10.7b in total. Five listings, mainly in the energy and logistics sectors, contributed 58% towards the total IPO proceeds raised.  During Q4 2023, 19 IPOs raised...

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Business & Money | Monday 5 February, 2024 10:05 am

WGS 'Best Minister Award' celebrates inspiring leaders

The Best Minister Award, presented by the World Governments Summit (WGS) in its seventh edition, recognises the exceptional efforts of ministers at demonstrating excellence in the public sector, designing and implementing successful, scalable and sustainable initiatives for socio-economic...

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Business & Money | Monday 5 February, 2024 9:59 am

CBUAE launches 5th cohort of Executive Certificate for Risk-Based Supervision Professionals

The Central Bank of the UAE (CBUAE) has launched the fifth round of the Executive Certificate for Risk-Based Supervision Professionals. The programme aims to qualify and enhance the skills of supervisors to enable them to identify potential risks and limit their repercussions on the financial...

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Business & Money | Monday 5 February, 2024 9:56 am

Alkhorayef Water wins SAR 82.1M contract from SWCC

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on Feb. 4 a SAR 82.1 million contract for operating and maintaining the first water treatment plant in Buraydah and the fourth water treatment plant in Riyadh Al Khabra by Saline Water Conversion Corporation (SWCC).   In...

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