Business & Money | Monday 22 April, 2024 9:35 am

PIF inks deal to acquire stake in stc’s TAWAL for SAR 8.7B

stc Group signed, on April 21, a sale and purchase agreement (SPA) with the Public Investment Fund (PIF) to sell 51% of Telecommunication Towers Company Limited (TAWAL) for cash. In a statement to Tadawul, the telecom operator said that the agreements were signed to...

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Government | Monday 22 April, 2024 9:31 am

GCC Commercial Arbitration Centre Introduces Cutting-Edge Registration Protocols for Arbitrators and Experts

Dr. Kamal Al Hamad, Secretary General of the GCC Commercial Arbitration Centre, emphasized the Centre's dedication to stringent and cutting-edge standards by outlining the procedures for registering arbitrators and experts. This includes a requirement for applicants to register electronically on...

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Business & Money | Monday 22 April, 2024 9:19 am

CAYAN Group continues its partnership with NEOM for the second Hampton by Hilton hotel to be fully funded and developed at NEOM Community

Cayan Group, a leading real estate investment and development company in the Middle East, continues its partnership with NEOM – a giga project spanning 26,500 square kilometres in northwest Saudi Arabia – for a second Hampton by Hilton at NEOM Community. A signing ceremony between Cayan Group...

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Government | Sunday 21 April, 2024 9:54 am

SAMA Governor stresses importance of global economy flexibility amid current challenges

Ayman Al-Sayari, Governor of the Saudi Central Bank (SAMA), stressed the importance of the global economy flexibility amid the current challenges and the balance of risks that threaten economic prospects. At the IMF/WB 2024 Spring Meetings, held in Washington, DC, Al-Sayari pointed to the...

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Business & Money | Sunday 21 April, 2024 9:23 am

Tasnee shareholders approve transferring SAR 905.3M to retained earnings

Shareholders of National Industrialization Co. (Tasnee) approved transferring SAR 905.3 million from its statutory reserve, as per the financial statements for the period ended Dec. 31, 2023, to retained earnings in the general meeting held on April 18. In a statement to Tadawul, the company...

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Business & Money | Sunday 21 April, 2024 9:18 am

New Murabba Development Company Showcases Commitment to Innovation and Sustainability at AACE Conference in Riyadh

New Murabba Development Company, a visionary urban destination transforming downtown Riyadh, participated in the recent Association for the Advancement of Cost Engineering (AACE) Saudi Arabia Conference, held between April 17-18, 2024 in Riyadh’s Al Faisaliah Hotel, under the theme “Navigating...

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Environment & Energy | Saturday 20 April, 2024 4:59 am

ACWA Power partners with IRENA to provide sustainable energy solutions

ACWA Power signed an agreement to partner with the International Renewable Energy Agency (IRENA) to provide sustainable energy solutions, and aims to accelerate the adoption and sustainable use of renewable energy across the globe, the utility said in a statement.   IRENA is the lead ...

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Beauty & Style | Friday 19 April, 2024 10:48 am

“Jazeera Paints” Training Institute Launches the “Future Leaders” Program

The Training Institute of “Jazeera Paints”, the leading company in the industry of paints, colors, and construction solutions, has launched the first sessions of the "Future Leaders" program for 50 of its employees, in an effort to develop and empower their abilities and skills,  as...

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Environment & Energy | Friday 19 April, 2024 9:55 am

SABIC, BASF, Linde launch demo plant for world's 1st electric steam cracker furnace

Saudi Basic Industries Corp. (SABIC), BASF and Linde inaugurated today, April 17, the demonstration plant for the world’s first large-scale electrically heated steam cracking furnaces, following three years of development, engineering, and construction works. The regular operation of the...

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Technology & IT | Friday 19 April, 2024 9:20 am

Virgin Mobile Saudi Arabia signs strategic JV partnership with HITEK to develop smart cities in the Kingdom

 Middle East regional technology services company, HITEK, part of the Farnek group of companies, has signed a JV partnership with Virgin Mobile Saudi; a Beyond ONE group company, as the preferred technology partner to enable a joint strategic approach to developing smart cities in Saudi...

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