Business & Money | Monday 15 January, 2024 2:33 pm

tiqmo signs agreement to exclusively launch Mastercard prepaid cards through its mobile application in Saudi Arabia.

tiqmo, a leading innovative fintech application licensed by the Saudi Central Bank (SAMA), has signed an exclusive issuing partnership agreement with Mastercard to issue prepaid cards in the Kingdom of Saudi Arabia.  Using Mastercard’s diverse range of solutions, including the...

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Business & Money | Monday 15 January, 2024 2:15 pm

Growing positive sentiment towards Saudi retail banks according to new PwC Middle East and DataEQ report

A comprehensive analysis of leading retail banks in Saudi Arabia shows that while there is a growing positive sentiment towards the banking industry, lingering challenges continue to affect the overall consumer perception and reputation of financial institutions.In its first joint KSA Banking...

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Business & Money | Monday 15 January, 2024 1:40 pm

Ladun unit wins SAR 348.5M contract from Presidency of State Security

Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 348.5 million contract (VAT inclusive) by Presidency of State Security to implement architectural, electrical and mechanical works for a building at the Naif Security Complex in Riyadh.   According to a...

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Business & Money | Monday 15 January, 2024 1:39 pm

Saudi growth sources changing as private sector focuses on diversification: Alibrahim

The sustained growth in the Saudi economy in 2023 is due to the implementation of diverse programs aligned with Vision 2030, Minister of Economy and Planning Faisal Alibrahim said.    The sources of growth in Saudi Arabia are undergoing a transformation, he...

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Business & Money | Sunday 14 January, 2024 2:15 pm

ROSHN targets 60% local content in construction: CEO

ROSHN Real Estate Co. is aiming to increase the company's reliance on Saudi's local market for construction to 60%, CEO David Grover said in a statement to Al Arabiya.   He added that developers are securing materials like cement, aluminum, and iron domestically and internationally,...

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Business & Money | Sunday 14 January, 2024 11:12 am

NADEC says fuel price adjustment to raise production, distribution costs by 1.8%

National Agricultural Development Co. (NADEC) said that Saudi Arabian Oil Co.'s (Saudi Aramco) fuel price adjustment will lead to an estimated increase of 1.8% in production and distribution costs, according to a statement to Tadawul.    The relevant financial impact...

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Business & Money | Saturday 13 January, 2024 3:26 pm

Responsible lighting to be showcased at Light + Intelligent Building Middle East as LED market in the region to top $5.94 billion by 2029

Energy efficiency, sustainability, safety, inclusivity and functionality will be the key areas discussed at the forthcoming THINKLIGHT conference, part of  Light + Intelligent Building Middle East, the leading exhibition for lighting, electrical engineering, and building technology when it...

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Business & Money | Saturday 13 January, 2024 3:19 pm

DAMAC Properties Launches DAMAC Lagoon Views

Leading luxury real estate developer in the UAE, DAMAC Properties has announced the launch of its first apartment complex in its third and upcoming master community, DAMAC Lagoons. DAMAC Lagoon Views will offer one- and two-bedroom apartments across the ground + six floors of living space with ...

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Business & Money | Friday 12 January, 2024 2:18 pm

Saudi Arabia has 1,600 mining plants: MODON official

Ali Al-Omair, Vice President for Business Development at the Saudi Authority for Industrial Cities and Technology Zones (MODON), said the authority has enabled more than 1,600 mining plants to engage in investments in the Kingdom through a number of solutions and services provided to local and...

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Business & Money | Friday 12 January, 2024 2:10 pm

Saudi Arabia may upgrade premium visas: Official

Mohammed AlSultan, CEO of the Premium Residency Center, said Saudi Arabia may launch new premium visas, or upgrade the current products later, to achieve the goals of priority sectors.  The launch of the new residency visas was due to the growth achieved by the Kingdom, which required...

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