Business & Money | Tuesday 3 December, 2024 11:03 am

Saudi Arabia achieves new milestones every year: Energy Minister

Saudi Energy Minister Prince Abdulaziz bin Salman said the Kingdom is achieving new milestones every year, emphasizing that no other country globally can match Saudi Arabia's progress and effectiveness. At the opening of the fourth edition of the Saudi Green Initiative Forum, the minister...

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Business & Money | Monday 2 December, 2024 9:19 am

Royal order to transform KKESH into non-profit organization

A royal order was issued approving the bylaws of King Khaled Eye Specialist Hospital (KKESH) and transforming it into an independent, non-profit organization under the Royal Commission for Riyadh City. ...

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Business & Money | Monday 2 December, 2024 9:17 am

Alpha Capital and Alkhoyool Alarabia Launch Real Estate Fund to Develop Office Complex in Riyadh

Alpha Capital announced the launch of a private closed-ended real estate fund to develop an upscale office complex in Riyadh. Alkhoyool Alarabia has been appointed as the main developer, entrusted with designing and executing the project to meet the highest standards. In a statement, Alpha...

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Business & Money | Monday 2 December, 2024 8:24 am

Saudi economy expected to grow 4.7% in 2025, 2026: World Bank

Saudi Arabia’s economy is forecast to grow 4.7% in 2025 and 2026 driven by higher oil output, the World Bank (WB) said in a recent report. The Kingdom’s economy is expected to grow by 1.1% in 2024, supported by robust growth in non-oil activities at 4.6%. WB highlighted that Saudi...

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Business & Money | Sunday 1 December, 2024 9:24 am

Nahdi Medical Company Solidifies Its Position as the Largest Primary Healthcare Provider in the Kingdom with the Opening of the Tenth ‘Nahdi Care’ Clinic

Nahdi Medical Company bolsters its leadership position in the healthcare sector by opening the first-ever ‘Nahdi Care’ clinic complex in the Asir region, marking its tenth clinic opening as part of its network of clinics that are spread across the Kingdom. The clinic opening, which was held...

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Business & Money | Sunday 1 December, 2024 9:19 am

Najm Partners with Saudi Aramco to Raise Awareness of Off-Job Injuries

Najm for Insurance Services participated in the Off-Job Injuries Awareness Campaign organized by Saudi Aramco under the slogan “Everyday Safety: Small Choices, Big Impact.” The campaign aims to promote safety culture among employees and highlights the importance of simple decisions in...

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Government | Saturday 30 November, 2024 2:46 pm

ZATCA sets criteria for target taxpayers in Wave 18 of e-invoicing

Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the target taxpayers in Wave 18 for implementing the "integration phase" of e-invoicing.   In a statement, the authority clarified that this wave included all taxpayers whose revenues subject to VAT...

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Business & Money | Saturday 30 November, 2024 2:43 pm

Moody's rating reflects PIF's exceptional investment ability: Official

Fahad AlSaif, Head of Global Capital Finance and Investment Strategy and Economic Insights Division at the Public Investment Fund (PIF), said Moody's upgrade of the fund's credit rating reflects its exceptional ability to execute its investment strategy while maintaining robust creditworthiness and ...

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Business & Money | Friday 29 November, 2024 7:03 am

stc gets Spanish Cabinet nod to up voting rights in Telefonica

Saudi telecom operator stc received today, Nov. 28, the foreign investment authorization from the Spanish Cabinet, allowing for the former’s increase in its voting rights in Spain-based Telefonica from 4.97% to 9.97% and the right to appoint a board member in the company. In a statement to...

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Business & Money | Friday 29 November, 2024 6:57 am

SAB signs SAR 190M contract with HSBC Global Services

Saudi Awwal Bank (SAB) signed a contract with HSBC Global Services (UK) Limited (Related Party) to replace the current Global and Receivable finance system with a new trade system. The contract is valued at SAR 190.3 million, inclusive of VAT, SAB said in a statement to Tadawul. The deal...

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