Business & Money | Wednesday 20 December, 2023 10:16 am

Riyadh bus network completed

The Royal Commission for Riyadh City (RCRC) announced the completion of the main network of the Riyadh public buses within the King Abdulaziz Project for Riyadh Public Transport.   The total number of routes currently reaches 54, served by 679 buses across 2,145 stations...

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Business & Money | Wednesday 20 December, 2023 10:14 am

Absher platform saves SAR 23B on digital transformation: Alsuwaiyan

Ahmed Alsuwaiyan, Governor of the Digital Government Authority, said that digital transformation has empowered government agencies in Saudi Arabia with more productivity, efficiency and experience, indicating that by using the “Absher” platform, more than SAR 23 billion have been saved, and...

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Business & Money | Wednesday 20 December, 2023 10:12 am

NDMC closes December issuance of Sukuk program at SAR 10.6B

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for December 2023, under the Saudi Arabian Government SAR-denominated Sukuk Program.  The total amount allocated stood at SAR 10.55 billion, NDMC said in a statement today, Dec....

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Business & Money | Wednesday 20 December, 2023 10:10 am

Contractors vie for building new Riyadh Metro line

Contractors formed consortiums to bid for Riyadh Metro extension contract to design and build a new line to link Qiddiya to King Khalid International Airport, MEED reported.    The new line (Line 7) will be executed in two phases. The first phase includes building a metro line...

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Business & Money | Wednesday 20 December, 2023 10:09 am

Red Sea International signs SAR 32.2M contract with Baker Hughes

Red Sea International Co. (Red Sea) signed on Dec.  19, a four-year contract worth SAR 32.2 million (VAT -exclusive) with Baker Hughes Co., to design, manufacture, supply and operate a portable complex of prefabricated buildings to support the company’s operational...

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Business & Money | Tuesday 19 December, 2023 3:32 pm

du and Abu Dhabi Global Market (ADGM) forge strategic collaboration for future opportunities

du, from Emirates Integrated Telecommunications Company (EITC), and Abu Dhabi Global Market (ADGM), announced a strategic collaboration that marks a significant milestone in the pursuit of future business opportunities including joint ventures, product development, and the exploration of emerging...

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Business & Money | Tuesday 19 December, 2023 1:13 pm

Meraas reaches milestone as Bulgari Ocean Mansions Crosses Halfway Completion Mark

Meraas, a leading master developer and part of Dubai Holding Real Estate, announces that it has completed 56% of construction of its Ocean Mansions development, ensuring its timely delivery set for mid-2024.  Adorning the northern shore of the prestigious Jumeira Bay Island, the...

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Business & Money | Tuesday 19 December, 2023 9:48 am

DIFC Innovation Hub Concludes Investor Day, Over USD 600mn Raised in Funding Since Programme Inception

DIFC Innovation Hub, home to the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, concluded its annual flagship Investor Day, with over 500 people attending the event, including key figures from the investor community and finalists of the...

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Business & Money | Tuesday 19 December, 2023 9:44 am

Almarai signs an MoU with the Authority of People with Disabilities to train and employ them.

Almarai Company signed a memorandum of understanding with the Authority of People with Disabilities to train, qualify and employ persons with disabilities. This came on the sidelines of the First International Labor Market Conference, organized by the Ministry of Human Resources and Social...

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Business & Money | Tuesday 19 December, 2023 9:36 am

Salik and TAMM forge partnership to Drive Services’ Digital Transformation

Salik Company P.J.S.C., the Emirate of Dubai’s exclusive toll gate operator, has signed a Memorandum of Understanding (MoU) with TAMM, the Abu Dhabi government services platform, under the umbrella of the Department of Government Enablement – Abu Dhabi (DGE). The partnership agreement was...

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