Business & Money | Friday 17 November, 2023 6:59 am

Tabreed Announces its 9M 2023 Results, with a 10% Rise in Revenue to AED 1.8 Billion

Tabreed, the world’s leading district cooling company reported its financial results for the nine-month period ending 30 September 2023. During the first nine months of the year, Tabreed sustained positive momentum, recording a robust top line of AED 1.8 billion, a 10% increase year-on-year,...

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Business & Money | Friday 17 November, 2023 6:17 am

Safran Signs Exclusive Nacellelife TM Service Contract With Saudia For The Nacelles Of All Its Airbus A320neo Fleet

Saudia, the national flag carrier of Saudi Arabia signed an agreement with Safran Nacelles at the Dubai Airshow 2023. The agreement focused on the comprehensive support of nacelles for Saudia's 35 Airbus aircraft from the A320neo family, powered by the CFM International 1 LEAP-1A turbofan engines....

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Business & Money | Thursday 16 November, 2023 12:57 pm

EngageMint Riyadh: WebEngage concludes landmark retention-marketing conference announcing data residency in Saudi

The esteemed attendees at the recently concluded EngageMint Riyadh were separated by sectors but united in their support for retention-led growth. The flagship conference, dubbed Asia’s biggest retention and customer engagement platform, is organized by WebEngage, the marketing automation company ...

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Business & Money | Thursday 16 November, 2023 10:51 am

MOHAMMED BIN RASHID AEROSPACE HUB SIGNS AGREEMENT WITH UUDS TO OPEN THIRD FACILITY AT DUBAI SOUTH

Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, signed an agreement with UUDS, a leader in the business aviation industry to open its new and third facility at Dubai South.    The ceremony, which...

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Business & Money | Thursday 16 November, 2023 10:45 am

SAR receives trial operating license for hydrogen train

The Transport General Authority (TGA) granted Saudi Arabia Railways (SAR) a trial operating license for the hydrogen train.   This license is the first of its kind in Saudi Arabia and the MENA region, TGA said.   In October, SAR signed a deal with France’s Alstom to...

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Business & Money | Thursday 16 November, 2023 10:41 am

UMI signs SAR 50 mln contract to supply gypsum board production line

United Mining Industries Co. (UMI) signed on Nov. 15 a contract with Gypsum Technologies Inc. (Gyptech) to supply an additional production line to increase the capacity of the gypsum board factory in Yanbu.   The contract, valued at 12.3 million euros (SAR 50 million), has a span of...

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Business & Money | Thursday 16 November, 2023 10:40 am

MIS seals SAR 34.1 mln contract with SDAIA

Al Moammar Information Systems Co. (MIS) signed on Nov. 15 a contract with the Saudi Data and Artificial Intelligence Authority (SDAIA) at a total value of SAR 34.09 million (VAT inclusive), according to a statement to Tadawul.   The contract was awarded to MIS on August 30,...

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Business & Money | Thursday 16 November, 2023 10:37 am

Al-Akaria inks SAR 284.9 mln contract with subsidiary

Saudi Real Estate Co. (Al-Akaria) signed on Nov. 15 a SAR 284.9 million contract with Saudi Real Estate Construction Co. (Tamear), one of its wholly owned subsidiaries.   The 24-month contract aims to execute civil, construction, architectural, electromechanical, and external...

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Business & Money | Thursday 16 November, 2023 10:35 am

Fitch maintains PIF at A+ with stable outlook

Fitch Ratings affirmed the Public Investment Fund’s (PIF) rating at 'A+', with a stable outlook.  Fitch maintained Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A+', with a stable outlook. The affirmation reflects Fitch's unchanged assessment of very...

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Business & Money | Thursday 16 November, 2023 10:27 am

NWC: We executed two water projects in Al-Baha Region at +58 million SR

The National Water Company (NWC), represented by the Southern Cluster in the Al-Baha region, has announced the completion of two water projects worth more than 58 million Saudi Riyals. The two projects aim to strengthen the company's infrastructure and increase its operational...

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