Business & Money | Monday 13 May, 2024 8:17 am

MIS signs 2 contracts worth SAR 167.7M

Al Moammar Information Systems Co. (MIS) signed two contracts worth SAR 167.66 million, including VAT, according to two separate statements to Tadawul. The first contract was signed with Saudi Electricity Co. (SEC) to provide network management, communication, and operation services worth SAR...

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Business & Money | Monday 13 May, 2024 7:25 am

ROSHN Signs MOU with Malahi to Promote the Latest Arcade Experience Across ROSHN’s Venues

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has signed a memorandum of understanding with Malahi that will further enhance ROSHN’s venues as the destination of choice for entertainment seekers. Malahi will place the latest self-operating arcade ...

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Business & Money | Sunday 12 May, 2024 9:58 am

Zain KSA reports revenue of SAR 2.5 billion in Q1 2024

Zain KSA announced the financial results for the first quarter of 2024, with revenue of SAR 2.5 billion, an increase of 4.7% compared to the same period in 2023. Zain KSA reported a net profit of SAR 67 million compared to SAR 1.1 billion in the first quarter of last year. The decline resulted from ...

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Business & Money | Sunday 12 May, 2024 9:32 am

Saudi EXIM Bank seeks to provide SAR 20B financing in 2024: CEO

Saudi EXIM Bank managed to find credit solutions of over SAR 10 billion during the first four months of 2024. It aims to provide a financing and insurance value for industrialists of around SAR 20 billion by year-end, CEO Saad Alkhalb told Asharq Alawsat newspaper. The bank aims to quadruple...

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Business & Money | Sunday 12 May, 2024 9:31 am

AviLease delivers 2 Boeing 737-8 aircraft to Air India Express

AviLease, a wholly owned subsidiary of the Public Investment Fund (PIF), delivered two Boeing 737-8 aircraft to Air India Express. These two aircraft are the first in a batch of six that will be delivered by AviLease to the airline in 2024 and 2025, AviLease said in a statement. Edward...

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Tourism & Hospitality | Sunday 12 May, 2024 1:09 am

Saudi Tourism Authority signs 40 MoUs, strategic partnerships

The Saudi Tourism Authority signed more than 40 memorandums of understanding (MoUs) and strategic partnerships during its participation in the Arabian Travel Market exhibition in Dubai.   The authority announced its strategic partnerships with Riyadh Air and Saudia, in addition to...

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Business & Money | Sunday 12 May, 2024 1:05 am

REGA has e-network to monitor real estate transactions: Official

The Real Estate General Authority (REGA) has an e-network to monitor all real estate transactions in the Saudi market, starting from linking more than one network with the authority and the 34 licensed real estate platforms, Al Ekhbariya TV reported, citing Spokesperson Tayseer...

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Business & Money | Sunday 12 May, 2024 12:07 am

Enhancing Saudi-Thai trade relations ‘important’: Minister

Majid Al-Qasabi, Minister of Commerce and Chairman of General Authority of Foreign Trade (GAFT), highlighted the importance of enhancing trade between Saudi Arabia and Thailand, indicating that the Kingdom believes in the significance of boosting trade exchange between the two...

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Business & Money | Friday 10 May, 2024 12:30 am

Phase 2 of post trade infrastructure enhancements set for Q3 2024: Tadawul's CEO

Mohammed Al-Rumaih, CEO of Tadawul, announced that the second phase of its post-trade infrastructure development will launch in the third quarter of this year, marking the most significant upgrade to the Saudi financial market's infrastructure.   During The Capital Markets Forum in...

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Tourism & Hospitality | Friday 10 May, 2024 12:10 am

Saudi Arabia’s New Carrier Riyadh Air and AlUla partner to promote Saudi Arabia’s premier luxury heritage destination

AlUla, the ancient oasis city in the northwest of Saudi Arabia, has entered into a strategic partnership with Riyadh Air, Saudi Arabia’s new world-class airline which has announced an ambitious target to fly to over 100 destinations by 2030. Having signed a memorandum of understanding (MoU)...

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