Archives

Saudi Arabia

Tue, 05 Jan 2021 13:02:26 GMT
PROJECTS: Saudi Arabia starts construction of new schools under public-private partnership programme
Region's first school PPP will result in over 4,000 new schools

Tue, 05 Jan 2021 13:00:26 GMT
Shaza Madinah marks a decade of hospitality excellence
Shaza Madinah is the first hotel under Shaza portfolio in the region and won the “Travellers’ Choice” award

Tue, 05 Jan 2021 11:59:19 GMT
Qatar's Emir greeted by Saudi Crown Prince at Al-Ula ahead of landmark summit
Discussions likely to include Yemen and relations with the US

Tue, 05 Jan 2021 11:51:58 GMT
Gulf leaders arrive at Al-Ula ahead of 41st GCC summit
Crown prince Mohammed bin Salman said on Monday the summit would create a united front

Tue, 05 Jan 2021 11:42:04 GMT
Apicorp signs $125mln finance deal with ACWA Power
The Saudi-based power company will use the funds for renewable projects in key markets

Tue, 05 Jan 2021 10:30:12 GMT
APICORP extends to ACWA Power a $125mln 5-year term Murabaha facility
Facility to support funding of ACWA Power's renewable projects in key markets

Tue, 05 Jan 2021 10:17:47 GMT
Mohammed bin Rashid arrives in Saudi Arabia to attend GCC summit
Sheikh Mohammed was received by Saudi Crown Prince

Tue, 05 Jan 2021 08:09:37 GMT
Al Hokair Group opens two cinemas in Saudi
The kingdom opened its first cinemas in 2018 as part of an initiative to develop its entertainment sector

Tue, 05 Jan 2021 06:57:05 GMT
Mohammed bin Rashid heads UAE delegation to GCC summit
Gulf unity will be in focus as the six-member council convenes

Tue, 05 Jan 2021 06:38:09 GMT
Saudi's SADAFCO announces $25.6mln half year cash dividend
The Saudi dairy and food company said the dividend equates to SAR 3 per share

Tue, 05 Jan 2021 04:59:29 GMT
New businesses triggered strong growth in Saudi non-oil sector in December
PMI rises to 57 in December as output and new orders expand at sharpest rates

Tue, 05 Jan 2021 04:39:47 GMT
Saudi's Al-Majmaah gets first cinema, AMC Karam 5
AMC Karam 5 is the first cinema in Al-Majmaah governorate, offering moviegoers the same high standards they have come to expect and enjoy from AMC Cinemas

Tue, 05 Jan 2021 04:30:12 GMT
Saudi Arabia awards license for first consumer micro-loan provider
Kuwait’s Zain Group launched the Tamam Financing Company last year, the fintech subsidiary of its Saudi Arabian operation

Mon, 04 Jan 2021 13:30:02 GMT
Cathay Pacific launches freighter service to Riyadh
Cathay Pacific has also been operating thousands of pairs of cargo-only passenger flights,

Mon, 04 Jan 2021 13:00:02 GMT
Al Samaani Factory mulls capital hike
The capital increase will be subject to the approvals of relevant official authorities

Mon, 04 Jan 2021 13:00:02 GMT
Traffic on Bahrain's King Fahad Causeway reopens
The reopening was delayed following a Saudi decision to impose new travel restrictions

Mon, 04 Jan 2021 12:43:11 GMT
Al-Rajhi Takaful announces CEO resignation
The resignation was submitted on December 23

Mon, 04 Jan 2021 12:26:09 GMT
India's L&T unit wins major Saudi power project contract
Scope of work includes design, procurement and construction of 380kV double circuit overhead transmission line corridors running over 650km long

Mon, 04 Jan 2021 12:23:27 GMT
Engie sets up unit to integrate assets in Saudi
Engie has managed to keep its expansion in the Kingdom on track building its asset and project value to over $8bln

Mon, 04 Jan 2021 10:00:02 GMT
JSGQ provided guardrail products for 800 kilometers of Saudi Arabia highway
As of today, it has completed the supply of more than 800 kilometers of this road

Mon, 04 Jan 2021 07:22:48 GMT
Saudi Arabia's Sama grants micro-financing license to Zain unit
This makes Tamam the first entity in Saudi Arabia and the region to be licensed by a regulator to offer consumer micro-loans via a fully digital customer experience, through a mobile app

Mon, 04 Jan 2021 06:30:02 GMT
Najm assumes foreign vehicle insurance portfolio
Najm has developed an innovative digital infrastructure for providing integrated insurance services to secure an efficient, swift, and reliable data bridge between itself and the insurance companies in the “Manafeth” portfolio

Mon, 04 Jan 2021 05:03:40 GMT
Saudi's SAFCO changes name to SABIC Agri-Nutrients
Last year the company acquired the agri-nutrients business from Saudi Basic Industries Corp

Mon, 04 Jan 2021 05:00:01 GMT
Flight rush to Saudi Arabia as travel ban lifted
Saudi borders open again after two-week virus freeze

Mon, 04 Jan 2021 04:48:41 GMT
Saudi Arabia's Hadaf adds six new professions in training program
The program offers a financial reward of $520, which will be transferred to trainees holding a diploma or degree from technical, health or management institutes

Mon, 04 Jan 2021 04:26:37 GMT
Foreign investors sold net $150.5mln of stocks on Saudi Tadawul in December
GCC investors were net buyers of 3.26 billion riyals worth of stocks in December, the kingdom's exchange said

Sun, 03 Jan 2021 14:30:04 GMT
Saudi Re, MedGulf pen reinsurance contract
Deal is likely to have an impact on Saudi Re's financial results for 2021

Sun, 03 Jan 2021 14:18:34 GMT
STC launches 3 mega data centers worth $266mln
STC adopted Next Generation build technology through modular and prefabricated solutions

Sun, 03 Jan 2021 14:17:20 GMT
Adnoc Distribution acquires 15 service stations in Saudi Arabia
The company sees value creation potential coming from uplift in fuel margins

Sun, 03 Jan 2021 13:00:03 GMT
ACIG, SIEC submit capital raise requests to CMA
ACIG board recommended reducing the company’s capital by 29.5%

Sun, 03 Jan 2021 10:30:02 GMT
ECZA signs MoU with PMI-KSA for strategic partnership
ECZA's Vision Realization Office will coordinate the joint work and unify strategic efforts with PMI-KSA

Sun, 03 Jan 2021 10:02:35 GMT
Saudi Arabia begins enforcing mining investment law
It includes penalties for offences

Sun, 03 Jan 2021 06:00:03 GMT
Kuwait’s ambassador to Saudi Arabia highlights importance of upcoming GCC summit
Sheikh Ali added that “the Gulf faces major economic, development and political issues and challenges”

Sat, 02 Jan 2021 07:00:02 GMT
652 Saudi students start training for international scientific olympiads
The initiative, which involves 652 students, will be part of Winter Forum 2020 events that run until January 8

Sat, 02 Jan 2021 06:01:24 GMT
Saudi Arabia counting down to unveil partnerships in space sector
Once an integrated project proposal has been completed, it will be submitted to the Saudi government for approval and implementation

Fri, 01 Jan 2021 08:00:02 GMT
Saudi R&B star Hamza Hawsawi premieres music video
The performer said that his country's support and people's love for his music mean more to him than any award or international acclaim

Thu, 31 Dec 2020 13:04:41 GMT
Optimistic outlook for Saudi banks in 2021: BofA
The Saudi banks are entering 2021 from a position of strength, with tier one ratios above 17% on average, NPL coverage in excess of 140% and healthy liquidity measures

Thu, 31 Dec 2020 13:02:15 GMT
Saudi economy show healthy figures in November
Credit to the private sector also increased 15.8% y-o-y in November

Thu, 31 Dec 2020 10:47:21 GMT
India's L&T announces project awards in Saudi Arabia
Two transmission line construction contracts awarded with a total length of more than 650km

Thu, 31 Dec 2020 10:37:07 GMT
Tenders scheduled for Saudi NEOM project by Q1 2021
Tenders comprise of construction contracts and request for proposals

Thu, 31 Dec 2020 09:30:03 GMT
ADNOC Distribution to acquire 15 service stations in Saudi Arabia, worth $10mln
New stations will be refurbished in line with ADNOC Distribution brand standards and offer high quality fuel and retail services to customers

Thu, 31 Dec 2020 05:00:08 GMT
Dammam mall gets 6 new gaming centers
Sala Entertainment’s new gaming complex in Dammam’s Al-Nakheel Mall offers a number of diverse games and activities that are suitable for all members of the family

Thu, 31 Dec 2020 04:56:15 GMT
Redington, Huawei launch IdeaHub series in Saudi Arabia
The IdeaHub can create an all-scenario smart office for the cloud era, and boost production efficiency for enterprises

Wed, 30 Dec 2020 15:00:03 GMT
UAE, Saudi Arabia present unique example of achieving Arab family cohesion: Fatima bint Mubarak
Under the framework of a proactive and ambitious future vision based on the wisdom of their leaderships

Wed, 30 Dec 2020 14:00:21 GMT
Tawuniya renews health insurance contract with Tahakom Investment
The deal is expected to reflect positively on Tawuniya's revenue for 2021

Wed, 30 Dec 2020 13:36:23 GMT
Kafalah to support Saudi tourism sector
These tourism projects have offered 2,687 job opportunities

Wed, 30 Dec 2020 13:30:23 GMT
Arabian Centres to distribute $63mln cash dividends for H1
The distribution will be done through SABB branches by direct bank transfer to shareholders bank accounts

Wed, 30 Dec 2020 13:00:07 GMT
Alkhabeer Capital closes debut IPO of income traded fund
The Fund aims to provide investors with a diversified portfolio of income-generating investments



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