Business & Money | Friday 19 January, 2024 3:32 am

solutions renews credit facilities deal worth SAR 1.5B with SNB

Arabian Internet and Communications Services Co. (solutions) renewed a Shariah-compliant credit facilities agreement with the Saudi National Bank (SNB) and extended the short-term credit facilities limit.   In a filing to Tadawul today, Jan. 18, the company said the facilities...

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Business & Money | Friday 19 January, 2024 3:24 am

SASCO signs investment contracts with SPGA for fuel station

Saudi Automotive Services Co. (SASCO) announced today, Jan. 18, that it has signed three investment contracts for fuel station sites in the Eastern Region with the State Properties General Authority (SPGA). The first station, located on the Dammam-Abu Hadriyah Road, will be 40,000 square...

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Business & Money | Friday 19 January, 2024 3:23 am

Saudi non-oil GDP seen to grow 5% in 2024: Minister

Saudi Arabia’s non-oil economy is projected to grow between 4.5% and 5% this year, Faisal Alibrahim, Minister of Economy and Planning, said during a discussion at the World Economic Forum (WEF) in Davos.     He also expected that the tourism sector will...

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Business & Money | Friday 19 January, 2024 3:22 am

Private sector provides 800,000 jobs in 2023: Al-Jadaan

Saudi Arabia aims to tap local and international debt markets, Minister of Finance Mohammed Al-Jadaan, told CNBC in Davos, adding that it is not in a dire need for borrowing.   As the debt market helps obtain loans at reasonable interest, the Kingdom will tap these opportunities ...

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Tourism & Hospitality | Friday 19 January, 2024 3:21 am

Saudi Arabia targets 10% transit passengers by 2030: GACA

Abdulaziz Al-Duailej, President of the General Authority of Civil Aviation (GACA) said that the Saudi aviation strategy aims for only 10% of 330 million passengers to be transit passengers by 2030. This came during his participation at a ministerial session held on the sidelines of the Wings...

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Business & Money | Thursday 18 January, 2024 9:00 pm

Insurance sector in Dubai is keeping pace with market developments and government plans in line with the Dubai Economic Agenda (D33)

ANIB, a leading insurance brokerage with a commitment to excellence, innovation, and customer centricity, today announced that it is expanding and enhancing its portfolio of personalized medical insurance offerings. The move comes in recognition of the evolving healthcare needs of the dynamic and...

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Business & Money | Thursday 18 January, 2024 10:20 am

WEBENGAGE LEADS THE WAY IN DATA RESIDENCY IN Saudi Arabic, empowering HEIGHTENED SECURITY AND COMPLIANCE

Responses by Raahul Seshadri, Director - Engineering at WebEngage 1. What inspired WebEngage to create data residency in Saudi? And how does it relate to WebEngage’s regional aspirations?   Data Residency is a major policy being implemented by global economies in the interest...

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Culture & Education | Thursday 18 January, 2024 1:59 am

Saudi Arabia’s Ministry of Media launches Horizon documentary on Netflix, about wildlife in the Kingdom

Konoz, an initiative of the Saudi Ministry of Media’s Center for Government Communication, launched “Horizon”, a new documentary documenting the Kingdom’s rich biodiversity and natural resources. Produced in collaboration with the National Center for Wildlife, the documentary is currently...

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Business & Money | Thursday 18 January, 2024 1:55 am

The Digital Cooperation Organization Launches the Digital Economy Trends 2024 Report

The Digital Cooperation Organization (DCO), a global multilateral organization committed to enabling digital prosperity for all by accelerating the inclusive growth of the digital economy, has unveiled its inaugural Digital Economy Trends report, aiming to provide an outlook on key digital...

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Business & Money | Thursday 18 January, 2024 1:25 am

e& takes the lead in Brand Finance global brand ranking across categories

With the successful transformation of e& to a technology group, e& has flourished into a leader of Middle Eastern and African (MEA) brands. The 2024 Brand Finance Global 500 Report unveiled at the World Economic Forum (WEF) in Davos today confirmed e& as MEA’s Fastest Growing...

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