Business & Money | Thursday 28 November, 2024 4:44 pm

RIBA strengthens Gulf presence and partnerships

As part of its work to promote architectural excellence and grow its global membership, the Royal Institute of British Architects (RIBA) has been taking steps to strengthen its presence and strategic partnerships in the Gulf. This work coincides with the 15th anniversary of the RIBA Gulf...

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Business & Money | Friday 20 December, 2024 6:51 am

Tharwah inks MoC with HRDA, Ta’alum Education Support Association

Altharwah Albashariyyah Co. (Tharwah) signed a joint memorandum of cooperation (MoC) with the Hail Region Development Authority (HRDA) and the Ta’alum Education Support Association.   The MoC runs for one calendar year, commencing from the date of signing by all parties. It will...

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Business & Money | Friday 20 December, 2024 6:45 am

NEOM inks pact with Samsung C&T for SAR 1.3B robotics construction project

NEOM signed an agreement to establish a joint venture with Samsung C&T to unlock an initial investment of more than SAR 1.3 billion in construction robotics.   The agreement will accelerate the development and deployment of cutting-edge construction automation technology in Saudi ...

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Business & Money | Friday 20 December, 2024 6:35 am

ACWA Power files for CMA approval of SAR 7.13B rights issue

ACWA Power Co. submitted, on Dec. 18, a request to the Capital Market Authority (CMA) to increase its capital through a SAR 7.13 billion rights issue, according to a statement to Tadawul.   Any relevant updates will be duly revealed, the statement added. In June, ACWA Power...

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Business & Money | Friday 20 December, 2024 6:32 am

Idle Lands Program adds 160M sqm to real estate supply

The Idle Lands Program has achieved remarkable growth since its launch, significantly increasing the Kingdom’s real estate supply by more than 160 million square meters (sqm) across various regions.   The program stated that more than 75 million sqm of land have been developed,...

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Business & Money | Friday 20 December, 2024 6:22 am

Bawan: Petronash Arabia gets SAR 832M purchase order from Aramco

Bawan Co. stated that Petronash Arabia Co. Ltd, a subsidiary of Petronash Holding Co., received a purchase order for an existing contract from Saudi Aramco to supply special gas well products for almost SAR 832 million. This is the third purchase order linked to a long-term agreement with...

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Business & Money | Thursday 19 December, 2024 11:36 am

Shalfa wins SAR 7.1M project from NWC

Shalfa Facilities Management Co. said it won a project worth SAR 7.1 million, excluding value-added tax (VAT), from the National Water Co. (NWC). In a statement to Tadawul, the company said that the project includes supplying and operating equipment for the inspection of sewage...

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Business & Money | Thursday 19 December, 2024 11:32 am

Red Sea subsidiary increases SAB credit facilities by SAR 100M

Red Sea International Co.’s (RSI) subsidiary, Fundamental Installation for Electric Work Co., signed an agreement to increase the limit of its credit facilities with Saudi Awwal Bank (SAB) by SAR 100 million, according to a statement to Tadawul.  Accordingly, the total value...

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Business & Money | Thursday 19 December, 2024 11:30 am

AIM Congress 2025 opens registration for Regional Pitch Competition

AIM Congress 2025 has opened the registration for its 2025 Regional Pitch Competition, a platform designed to showcase the brightest and most innovative technology startups from around the world. Applications for the regional competitions will close on 15th February 2025, while entries for the ...

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Business & Money | Thursday 19 December, 2024 11:28 am

Nasdaq Dubai welcomes $500 million sustainability-linked loan financing bond by Emirates NBD

Nasdaq Dubai welcomed the listing of Emirates NBD Bank PJSC’s, US$500 million Sustainability-Linked Loan Financing Bond (SLLB), the world’s first SLLB issued under the new International Capital Market Association (ICMA) and Loan Market Association (LMA) framework. Rated A2/A+ by Moody’s...

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Business & Money | Thursday 19 December, 2024 11:26 am

DEWA’s Green Hydrogen project reduces over 40 tonnes of CO2 emissions in transport sector

The Green Hydrogen project implemented by Dubai Electricity and Water Authority (DEWA) at its Research and Development (R&D) Centre at the Mohammed bin Rashid Al Maktoum Solar Park supports sustainable mobility in Dubai, improving energy and resource efficiency in transport, according to a...

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