Business & Money | Sunday 25 August, 2024 9:15 am

Naba Alsaha renews Islamic credit facilities at SAR 250M with Riyad Bank

Naba Alsaha Medical Services Co. renewed and increased Sharia-compliant credit facilities at SAR 250 million with Riyad Bank, according to a statement to Tadawul. The Islamic facilities will be used to finance the Naba Al-Saha Hospital project in Al-Munisiyah district in Riyadh. ...

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Business & Money | Sunday 25 August, 2024 9:14 am

SIDC wins SAR 5.3M purchase order to supply sanitary ware

Saudi Industrial Development Co.’s (SIDC) unit SIDC Ceramic Factory (CASAVIA) received a purchase order at SAR 5.3 million, including VAT, from ABR Contracting Co., according to a statement to Tadawul. The project award entails supplying sanitary ware to the National Housing Co.’s Murcia...

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Business & Money | Sunday 25 August, 2024 9:05 am

Opening day of New Global Sport Conference 2024 brings together thought leaders in Riyadh to shape the future of esports, gaming, sports, and entertainment

The New Global Sport Conference 2024 (NGSC) outlined Saudi Arabia’s ambition to be at the forefront of conversations about global nations and gaming and esports, as it brought together over 1,200 attendees from across the industry, sports, and entertainment.  Hosted under the theme...

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Business & Money | Saturday 24 August, 2024 3:15 pm

REGA investigates real estate broker over involvement in fraud

Tayseer Al-Mufarrej, Spokesperson for the Real Estate General Authority (REGA), said that a well-known real estate broker was investigated over involvement in fraud.   Al-Mufarrej explained on X that the broker was a victim to a scammer, who claimed to be the owner of a property with ...

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Business & Money | Saturday 24 August, 2024 3:04 pm

MultiBank Group Reports Record-Breaking $306 Million Revenue in 2023, Marking a 10% Year-on-Year Growth

MultiBank Group, one of the world's largest financial derivatives institutions headquartered in Dubai, announces its most successful financial year to date, with an impressive revenue of $306,636,717 in 2023.  Based on the latest audited financial statements, MultiBank Group achieved a...

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Business & Money | Saturday 24 August, 2024 3:03 pm

Saudi Real Estate Refinance Company" and "King Street" sign a MoU to explore new solutions in the secondary real estate financing market

The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) Company, signed a  Memorandum of Understanding (MoU) today, Wednesday, in New York City with King Street Capital Management. The agreement aims to foster cooperation and strategic partnership between the two parties...

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Business & Money | Saturday 24 August, 2024 2:26 pm

DATA CENTER XPO SAUDI ARABIA 2024: Where Data Drives Innovation Physical conference on September 3rd-4th in Riyadh, Saudi Arabia, at Voca.

Saudi Arabia has navigated significant challenges in developing its data center infrastructure and 5G networks. Initially, the country faced hurdles such as high costs, regulatory barriers, and the need for substantial technological upgrades. However, through strategic investments and partnerships...

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Business & Money | Friday 23 August, 2024 10:38 am

SIF 2024 opens registration for 'Investors’ Lounge' to build business-investor partnerships

The Sharjah FDI Office (Invest in Sharjah) has officially opened registration for their “Investors’ Lounge”, a premier feature of the 7th Sharjah Investment Forum (SIF) scheduled for 18-19 September at the Jawaher Reception and Convention Centre. This exclusive initiative is designed to...

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Business & Money | Friday 23 August, 2024 10:35 am

Saudi Arabia’s non-oil exports up by 10.5% in Q2 2024

Saudi Arabia's non-oil exports increased by 10.5 per cent during the second quarter of 2024, compared to the second quarter of 2023, the General Authority for Statistics (GAS) announced. The International Trade Bulletin for the second quarter of 2024, according to the Saudi Press Agency (SPA), ...

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Business & Money | Friday 23 August, 2024 10:34 am

Invest Bank partners with Network International to enhance its digital payments offering

Network International, a digital payments company, and Sharjah-based Invest Bank have joined hands to extend Network’s digital payment services to the bank’s corporate customers. The collaboration will enable Invest Bank to extend Network’s merchant acquiring, card acceptance and...

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