Business & Money | Sunday 9 March, 2025 8:00 am

MAWANI launches expansion of container terminal at Jeddah Port with SAR 3B investments

The Saudi Ports Authority (MAWANI), in collaboration with DP World, launched expansion and development works for the Southern Container Terminal at Jeddah Islamic Port. This initiative aims to boost operational capabilities and increase the port’s handling capacity, with an investment value of...

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Business & Money | Sunday 9 March, 2025 8:00 am

King Salman, Crown Prince donate SAR 70M to National Campaign for Charitable Work

King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman donated SAR 40 million and SAR 30 million, respectively to the fifth edition of the National Campaign for Charitable Work through the Ehsan platform. The donation builds on the leadership's continuous support for...

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Business & Money | Sunday 9 March, 2025 8:00 am

Saudi Arabia submits Expo 2030 registration dossier to BIE

Saudi Arabia officially submitted the registration dossier for World Expo 2030 Riyadh to the Bureau International des Expositions (BIE), marking a significant milestone in the Kingdom’s preparations to host the global event, according to the Saudi Press Agency.The dossier, a crucial requirement...

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Business & Money | Friday 7 March, 2025 2:54 pm

PIF extends deadline for central business district in Riyadh: Report

The Public Investment Fund (PIF) extended the deadline for receiving bids to appoint a project management consultancy (PMC) for its upcoming central business district (CBD) on the outskirts of Riyadh, according to MEED. The CBD will include a proposed two-kilometer-high tower. The...

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Business & Money | Friday 7 March, 2025 2:52 pm

PIF plans to invest $100M in AirAsia: Report

The Public Investment Fund (PIF) is poised to invest about $100 million in Malaysian carrier group AirAsia, Bloomberg reported, citing people familiar with the matter. The low-cost carrier is raising funds and offering investors up to a 15 percent stake at a $2 billion valuation. The...

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Business & Money | Friday 7 March, 2025 2:40 pm

DP WORLD AND MAWANI INAUGURATE SAR 3 BILLION STATE-OF-THE-ART TERMINAL IN JEDDAH

DP World and Saudi Ports Authority (Mawani) have unveiled the new state-of-the-art South Container Terminal at Jeddah Islamic Port, marking a major milestone in DP World’s SAR 3 billion ($800 million) expansion and development programme to upgrade the terminal and enhance Saudi Arabia’s...

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Business & Money | Friday 7 March, 2025 9:40 am

SPARK & Google.org launch Maharat for Tourism e-learning hub in Egypt

Cairo - SPARK, in partnership with EYouth and with support from  Google.org, has launched the Maharat for Tourism E-Learning Hub in Egypt -  a pioneering platform designed to equip 25,000 individuals across the MENA region with essential skills for the tourism...

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Business & Money | Thursday 6 March, 2025 2:34 pm

PIF, Italy’s SACE sign $3B MoU

The Public Investment Fund (PIF) and SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, signed a memorandum of understanding (MoU) to strengthen their bilateral partnership. Under the MoU, the parties will cooperate on sharing...

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Business & Money | Thursday 6 March, 2025 2:31 pm

Aramco mulls bid for BP’s Castrol lubricant assets: Report

Saudi Arabian Oil Co. (Saudi Aramco) is considering a potential bid to acquire BP’s lubricants assets, including those operating under the Castrol brand, Bloomberg reported, citing sources. Discussions are still in the early stages, with Aramco evaluating whether to make an offer for part or ...

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Business & Money | Thursday 6 March, 2025 2:24 pm

stc Group Increases Connectivity Speed in the Two Holy Mosques By Over 120%

stc Group, Saudi Arabia’s leading digital enabler, is enabling world-class connectivity for millions of pilgrims and visitors during Ramadan with its expanded 5G network, increasing network infrastructure to accommodate over 120% faster download speeds. stc Group’s network analytics...

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