Business & Money | Wednesday 13 March, 2024 12:22 pm

Saudi Research Development and Innovation Authority (RDIA) and Gulf Capital sign US$100 million investment partnership

Gulf Capital announced today that it has signed an agreement with the Saudi Research Development and Innovation Authority (RDIA) to deploy over US$100 million into the Saudi technology and innovation sector over the next five years.  The Letter of Intent (LoI) was signed in Riyadh by Dr...

More Details

Business & Money | Wednesday 13 March, 2024 11:33 am

ACWA Power gets commercial operation certificate for Abu Dhabi’s Al Taweelah IWP

ACWA Power Co. received on March 12 a commercial operation certificate from Emirates Water and Electricity Co. (EWEC) for Al Taweelah Reverse Osmosis Independent Water Plant (IWP) in Abu Dhabi, according to a statement to Tadawul.   Desalinated water production capacity...

More Details

Technology & IT | Tuesday 12 March, 2024 11:43 am

Opensignal Redefines Mobile Network Analysis Beyond Speed tests

The Opensignal, a globally acclaimed authority on mobile network experiences, in its Global Reliability Experience Report, found that mobile users valued reliable network services more than faster speeds, and considered reliability second only to cost, whereas Denmark has topped the list in...

More Details

Business & Money | Tuesday 12 March, 2024 11:30 am

New Murabba leads Saudi Urban Development Investment Drive at MIPIM 2024 France

New Murabba Development Company, a leading urban development destination in Saudi Arabia, is showcasing its transformative vision at the 2024 MIPIM, a prestigious real estate event gathering industry leaders from across the globe taking place on 12-15 March at the Palais des Festivals, Cannes,...

More Details

Business & Money | Monday 11 March, 2024 10:54 am

PIF assets rise to $940.3B, ranks 5th globally

The Public Investment Fund (PIF) advanced to the fifth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $940.26 billion, according to the latest data from the SWF Institute.      PIF's assets rose by $163.6...

More Details

Cars & Autos | Monday 11 March, 2024 9:39 am

Ceer to finalize EV factory in 2 years, eyes regional exports: CEO

Ceer will complete the construction of its electric vehicle (EV) factory within the next two years, with the launch of the designs and accessibility to the automotive market, CEO Mohammed Abuazzah told Al-Arabiya TV. The manufacturing capacity of the factory will align with market requirements ...

More Details

Business & Money | Monday 11 March, 2024 9:31 am

solutions inks framework deal to provide Saudi Aramco with electronic devices

Arabian Internet and Communications Services Co. (solutions) signed today, March 10, a framework agreement with Saudi Arabian Oil Co. (Saudi Aramco) to provide the latter with electronic devices.   The agreement value may exceed 5% of solutions’ revenues as per the latest audited...

More Details

Business & Money | Sunday 10 March, 2024 3:07 pm

Diriyah Company to showcase its masterplan at MIPIM

For the third consecutive year, Diriyah Company, a Public Investment Fund entity transforming Diriyah into a global, cultural, historical and lifestyle hub, will be returning to MIPIM, the global real estate exhibition  taking place in Cannes, as part of the Saudi Pavilion to showcase its...

More Details

Business & Money | Saturday 9 March, 2024 8:29 am

Saudi Arabia spends SAR 35B on digital transformation: Official

Saudi Arabia's spending on digital transformation has exceeded nearly SAR 35 billion so far, said Hisham Al Sheikh, Vice Governor of the Shared Services Sector in the Digital Government Authority.   He indicated that spending on digital transformation will continue, Al Eqtisadiah...

More Details

Business & Money | Saturday 9 March, 2024 8:26 am

REGA requests property owners in 56 districts to register

Saudi Arabia's Real Estate General Authority (REGA) called on property owners to register their properties in 56 districts across Riyadh, Dammam, and Madinah from until March 28, 2024.      In a statement, REGA said the first phase of registration will take...

More Details