Environment & Energy | Friday 20 September, 2024 12:43 pm

MoEI develops Federal Roads Service Platform to eliminate bureaucracy

The Ministry of Energy and Infrastructure (MoEI) announced developing the Federal Roads Service Platform for issuing and renewing NOC for road works. The move is in line with the Zero Government Bureaucracy programme. Mohamed Almail, Assistant Undersecretary for the Federal Infrastructure...

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Business & Money | Friday 20 September, 2024 12:39 pm

AD Ports Group signs agreements to refinance $2.25 billion debt

AD Ports Group has signed agreements with two UAE banks to refinance its syndicated loan of US$2.25 billion at more favourable terms, which would enable the Group to save up to AED44 million (US$12 million) in finance costs over the next 12 months. The new facilities will give the Group...

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Business & Money | Friday 20 September, 2024 12:36 pm

MESC inks SAR 100M credit facilities deal with Alinma Bank

Middle East Specialized Cables Co. (MESC) signed a Shariah-compliant credit facilities agreement worth SAR 100 million with Alinma Bank.   In a statement to Tadawul today, Sept. 19, the company said the one-year financing is guaranteed by promissory notes worth 110% of the total ...

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Business & Money | Friday 20 September, 2024 12:32 pm

MIS signs SAR 93.7M deal with Saudi Electricity

Al Moammar Information Systems (MIS) signed today, Sept. 19, a SAR 93.73 million contract, including VAT, with Saudi Electricity Co. for enhancing the latter’s network infrastructure and communication. The three-year contract will have a positive financial impact starting from Q1...

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Government | Friday 20 September, 2024 12:25 pm

King Salman launches King Salman Nonprofit Foundation

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, announced today, Sept. 19, the launch of King Salman Nonprofit Foundation.   Investing in people, fostering their culture, and strengthening pride in their identity are a path the Kingdom will always follow,...

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Tourism & Hospitality | Friday 20 September, 2024 12:23 pm

Tourism new driver for enhancing Saudi Arabia’s rating: S&P

The tourism sector currently accounts for about 4% of Saudi Arabia's gross domestic product (GDP), and was a highly promising and productive sector in 2023, Al-Eqtisadiah newspaper quoted Zahabia Gupta, Head of Sovereign Ratings at S&P Global Ratings, as saying. She affirmed that it is one of...

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Technology & IT | Friday 20 September, 2024 12:19 pm

Saudi Arabia ranks 14th in Global AI Index, 1st in Arab world

Saudi Arabia took the 14th place globally and the top spot in the Arab world in the Global AI Index for 2024, published by Tortoise Intelligence. The Kingdom's continued leadership in the Government Strategy sub-pillar solidifies its position as a global AI leader. Its seventh-place...

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Business & Money | Friday 20 September, 2024 12:01 pm

GACA issues August classification for air transport service providers, airports

The General Authority of Civil Aviation (GACA) issued today, Sept. 19, an index for the classification of air transport service providers and airports based on the number of complaints filed by travelers to the authority in August.   GACA stated that the total number of complaints...

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Technology & IT | Thursday 19 September, 2024 1:23 pm

Celebrate Saudi National Day with Honor: Up to 40% Off on the Latest Devices and Exclusive Free Gifts

In honour of the 94th Saudi National Day, HONOR, the global technology brand, is delighted to join in the festivities by offering an exciting promotion running from September 18 to October 5, 2024, and extending exclusive offers across its advanced range of digital products. Available through...

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Business & Money | Thursday 19 September, 2024 1:11 pm

ASYAD Group Amplifies Strategic Regional Presence and Global Integrated Logistics Leadership at Saudi Maritime & Logistics Congress 2024

• Asyad Group solidifies its leadership as a major force in global supply chains.• Affirming its status as MENA’s fourth-largest logistics powerhouse, Asyad Group presents an extensiveportfolio, comprising operations in the US, China, Singapore, India, and the GCC, including offices in...

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