Business & Money | Monday 9 December, 2024 10:54 am

Molan Steel renews SAR 13M credit facilities with Bank Albilad

Molan Steel Co. renewed, on Dec. 8, Shariah-compliant credit facilities with Albilad Bank at a total value of SAR 13 million, according to a statement to Tadawul. These facilities, extended to Sept. 16, 2025, will finance the requirements of the working capital. The credit facilities are...

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Business & Money | Monday 9 December, 2024 10:52 am

Al Yamamah Steel inks SAR 95M supply contract

Al Yamamah Steel Industries Co. signed, on Dec. 8, a one-year contract with National Contracting Company Ltd. (NCC) for SAR 94.95 million, according to a statement to Tadawul. The contact entails supply of steel towers to establish a 380 kV high voltage line in the central region, the...

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Business & Money | Monday 9 December, 2024 10:46 am

Derayah Financial and Alpaca Join Forces to Expand Foreign Investor Access to Saudi Arabia’s Market

Derayah Financial has announced a strategic partnership and investment agreement with Alpaca, a global leader in financial brokerage infrastructure technology. This collaboration aims to deliver digital-driven trading solutions that empower investors in both local and international markets, while...

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Business & Money | Monday 9 December, 2024 10:42 am

Aramco-backed Fintech Stake officially launches in Saudi Arabia with first deal in partnership with AlRajhi Seventh

Stake, the leading global digital real estate investment platform in the Middle East and North Africa (MENA) region, today announced their official launch in the Kingdom of Saudi Arabia. As the first platform regulated by the Capital Market Authority (CMA) to afford individuals outside of the...

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Business & Money | Monday 9 December, 2024 10:38 am

GCC Digital Government Services Set Global Standard in Citizen Satisfaction and Emerging AI Adoption, BCG Report Reveals

The latest report from Boston Consulting Group (BCG) highlights the Gulf Cooperation Council (GCC) region’s exemplary performance in digital government services, with Saudi Arabia, Qatar, and the United Arab Emirates (UAE) achieving global leadership in citizen satisfaction. This sixth edition of ...

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Business & Money | Monday 9 December, 2024 10:24 am

Automechanika Dubai breaks new ground with largest show on record

Automechanika Dubai, the largest automotive aftermarket trade exhibition in the Middle East, will return to the Dubai World Trade Centre (DWTC) from 10-12 December, celebrating the 21st edition of the showcase with record exhibitors numbers. With 2,228 exhibitors confirmed, Automechanika Dubai ...

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Business & Money | Monday 9 December, 2024 10:21 am

eToro and ADX partner to expand investment opportunities in the UAE

 eToro, the trading and investing platform, and the Abu Dhabi Securities Exchange (ADX) announced today the signature of an agreement to add a number of ADX-listed stocks to the eToro platform.  Starting in 2025, eToro’s users will be able to invest in a number of ADX-listed...

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Business & Money | Monday 9 December, 2024 10:19 am

NWC succeeds in producing clean energy from Heet and Ajyal plants

National Water Company (NWC) has succeeded in producing clean energy through wastewater treatment in Heet in Riyadh and Ajyal plant in the Eastern Region. This production is done by converting the emissions resulting from wastewater treatment processes into a source of energy; by transforming...

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Business & Money | Sunday 8 December, 2024 11:00 am

Saudi Arabia ranks 3rd globally by growth in int’l tourists in 9M 2024

Saudi Arabia ranked third globally in terms of the highest growth rate in the number of international tourists during the first eight to nine months of 2024, with a 61% increase compared to the same period in 2019, according to a report by the United Nations World Tourism Organization (UNWTO)...

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Business & Money | Sunday 8 December, 2024 9:37 am

du and Nokia announce the First Commercial 5G Cloud RAN Deployment in the Middle East and Africa

du, the leading telecom and digital services provider, today signed a Memorandum of Understanding (MoU) with Nokia, marking the deployment of the first commercial 5G Cloud RAN site in the Middle East and Africa. Cloud RAN marks a significant advancement in radio networks, as purpose-built RAN and...

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