22 Rajab 1446 - 21 January 2025
    
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Eye of Riyadh

ADIB Digital Factory adopts generative AI to elevate productivity and efficiency
Business & Money | Friday 5 January, 2024 12:46 am
Abu Dhabi Islamic Bank, a leading financial institution, announces the implementation of "GitHub Copilot for Business," an AI-powered tool set to revolutionise operations within the bank. This innovative technology aims to elevate productivity and efficiency by harnessing generative AI capabilities ...
Al-Jadaan ratifies borrowing plan for 2024
Government | Thursday 4 January, 2024 1:37 pm
Minister of Finance Mohammed Al-Jadaan ratified the Kingdom's annual borrowing plan for the year 2024, after it was approved by the National Debt Management Center (NDMC) board in its latest meeting.   According to NDMC statement, the plan includes the key developments in public debt ...
  Abu Dhabi unveils 1st processing facility for enzyme-based fuel additives in Middle East & Africa
Environment & Energy | Thursday 4 January, 2024 9:28 am
The Industrial Development Bureau (IDB), the Abu Dhabi Department of Economic Development’s (ADDED) arm to develop and regulate the industrial sector, has announced a groundbreaking collaboration with XMILE Group to establish a first-of-its-kind processing facility in the Middle East & Africa ...
KEIR, National Grid SA sign SAR 14.05M contract
Business & Money | Thursday 4 January, 2024 9:03 am
KEIR International Co. signed today, Jan. 3, a SAR 14.05 million contract with the National Grid-SA to implement a cable circuit replacement project at a station in Riyadh, according to a statement to Tadawul.    The company will provide a 132-kilovolt...
ACWA Power starts Sudair Solar PV phase 3 commercial operation
Business & Money | Thursday 4 January, 2024 9:00 am
ACWA Power Co. received on Jan. 3 the commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for the third and last phase of the Sudair Solar Photovoltaic (PV) project.   In a statement to Tadawul, ACWA Power pointed out that phase 3 includes 25% of the...
OPEC+ says committed to efforts to ensure oil market stability
Environment & Energy | Thursday 4 January, 2024 8:58 am
OPEC+ member countries reaffirmed today, Jan. 3, their steadfast commitment to “unity and cohesion” as well as their continued cooperation to maintain stability of the oil market. In a statement issued on the OPEC website, the alliance said these efforts come as part of the Declaration of...
Tasnee sees 2.5% rise in associates’ cost of sales on feedstock price hike
Business & Money | Thursday 4 January, 2024 8:53 am
National Industrialization Co. (Tasnee) was notified by Saudi Aramco about an increase in some feedstock prices starting from Jan. 1.   In a statement to Tadawul, Tasnee said it expects a 2.5% rise in the total cost of sales of associates and joint ventures, according to the latest...
Saudi Real Estate Refinance Company (SRC) Extends its Refinancing Agreement with Alrajhi Bank with an Additional SAR 5.8 billion
Business & Money | Wednesday 3 January, 2024 2:08 pm
The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has extended its refinancing agreement with Alrajhi Bank, the world’s largest Islamic bank by mortgage assets and market cap, with an additional SAR 5.8 billion bringing the total value of refinancing ...
Discover Boundless Opportunities at the International University Expo in Riyadh, Saudi Arabia
Culture & Education | Wednesday 3 January, 2024 1:34 pm
Mark your calendars for an exceptional educational event! The International University Expo is set to take place on January 30 - 31, 2024, at the Makarim Convention Centre, Marriot Hotel in Riyadh, Saudi Arabia. The Expo is a dedicated event on higher education to explore academic opportunities...
Forbes Middle East Unveils The Middle East’s Top 100 CEOs 2023
Business & Money | Wednesday 3 January, 2024 1:00 pm
Forbes Middle East has released its third annual list of the Top 100 CEOs in the Middle East, spotlighting the business heads that are running the region’s biggest and most influential homegrown companies. Combined, the 100 CEOs managed revenues of over $1 trillion in 2022. Their firms are...
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