Business & Money | Friday 6 December, 2024 4:42 pm

AD Ports Group consolidates digital capabilities into Maqta Technologies Group

AD Ports Group today announced the rebranding and change of Maqta Gateway’s corporate identity to Maqta Technologies Group, aligned with its strategic focus of facilitating global trade through digitalisation. This launch signifies Maqta Gateway’s evolution into an organisation focused on...

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Business & Money | Friday 6 December, 2024 4:40 pm

PIF, Bpifrance sign $10B MoU

The Public Investment Fund (PIF) and Bpifrance Assurance Export, represented by the French Treasury office in Riyadh, signed today, Dec. 5, a memorandum of understanding (MoU) to enhance bilateral partnership and cooperation. The agreement encompasses financing support services valued at up to ...

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Business & Money | Friday 6 December, 2024 4:37 pm

WAJA renews SAR 20M bank facilities with BSF

WAJA Co. signed an agreement to renew Shariah-compliant credit facilities worth SAR 20 million with Banque Saudi Fransi (BSF). In a statement to Tadawul, the company said it will finance Islamic letters of credit, various Shariah-compliant bank guarantees, and Tawarruq. The facilities...

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Business & Money | Friday 6 December, 2024 4:23 pm

Lana wins SAR 9.9M project from Health Ministry

Lana Medical Co. was awarded a project by the Ministry of Health to collect and store hazardous healthcare waste at King Fahad Specialist Hospital in Dammam, at a value of SAR 9.85 million. In a statement to Tadawul, the company said that the expected date for signing the contract is Jan. 1,...

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Business & Money | Friday 6 December, 2024 4:13 pm

Saudi Arabia aims to become global mineral production hub: Almudaifer

Khalid Almudaifer, Vice Minister for Mining Affairs, said local demand for minerals in Saudi Arabia is witnessing a significant increase due to various factors, including mega-projects under Vision 2030. This is in addition to the initiatives outlined in the National Industrial Strategy, which ...

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Business & Money | Friday 6 December, 2024 4:08 pm

du and AIHostingHub announce the launch of first NVIDIA supercluster in the GCC

du, the leading telecom and digital services provider, in partnership with AIHostingHub “AIH Hub for Cloud Service & Datacentres Providers”, announced the successful deployment of the first-ever NVIDIA supercluster within the GCC. Located in Dubai Silicon Oasis (DSO), the project marks a...

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Business & Money | Friday 6 December, 2024 4:06 pm

NWC celebrates planting of 5.2 million trees at COP16

Riyadh, the capital of the Kingdom of Saudi Arabia, is located on the Najd Plateau and is the third largest city in the Arab world and the fifth largest metropolis in the Middle East. Riyadh was and still is the scene of many political, economic, and cultural events. This December, Riyadh hosts the ...

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Business & Money | Friday 6 December, 2024 3:58 pm

Dell Technologies and Ras Al Khaimah Economic Zone Collaborate to Drive Innovation and New Growth Opportunities

Dell Technologies and Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) to provide enhanced security, flexibility, and scalability to the companies in the economic zone’s thriving business ecosystem. The MoU, signed by Walid Yehia, Managing Director - Gulf, Dell ...

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Business & Money | Friday 6 December, 2024 10:25 am

Korean CAST Project Captivates the Middle East and Taiwan, Showcasing the Global Appeal of K-Culture

The Korean CAST initiative made a strong debut in the Middle East, captivating audiences at Dubai’s Gifts & Lifestyle Middle East Expo. Simultaneously, it continued to build momentum in Taiwan with a standout presence at POP UP ASIA and the launch of a month-long pop-up store. Seoul —...

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Business & Money | Friday 6 December, 2024 9:24 am

How Elul Transforms the Digital Presence of Restaurants in Saudi Arabia

In 2025 and beyond, diners will turn to their smartphones before choosing their next meal, having a robust online presence is non-negotiable for restaurants. This is where a specialized digital marketing agency for restaurants becomes invaluable. For restaurants in Saudi Arabia looking to stand...

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