Business & Money | Monday 17 July, 2023 9:08 am

ITHCA Group( One of the Oman Investment Authority compaies ) has announced its investment at "InnoTech" company

This investment will enable the exploration of innovative solutions and the integration of knowledge and technology to enhance the real estate sector. InnoTech is a specialized company that focuses on innovation, 3D printing services, and educational technologies. It has achieved a significant...

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Business & Money | Monday 17 July, 2023 8:34 am

ACWA Power extends cooperation with desalination membrane solutions provider Toray

ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, today signed a memorandum of understanding (MoU) with Japanese technology provider Toray Industries, to explore energy-saving...

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Business & Money | Sunday 16 July, 2023 12:56 pm

Saudi Coffee Company’s New Brand Jazean Signs Sponsorship Deal with Saudi Al-Ahli Club to Support Sports Sector

The Saudi Coffee Company, through its brand Jazean, announced the signing of a sponsorship agreement with the Saudi Al-Ahli Football Club, with the aim of improving the football industry within the Kingdom of Saudi Arabia. Founded in 1937, Al Ahli is one of the oldest and most successful...

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Business & Money | Sunday 16 July, 2023 11:50 am

King Abdullah Port Maintains Growth Trajectory with Increases in Container and Agri-Bulk Throughput

King Abdullah Port, a leading global player in the maritime and logistics sectors, continues to demonstrate resilience and maintain its role as a reliable hub for international trade. Despite prevailing global challenges, the port has achieved remarkable growth in various areas, reinforcing its...

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Business & Money | Sunday 16 July, 2023 11:02 am

Saudi Ceramics says fire breaks out at second sanitaryware plant in Riyadh

Saudi Ceramic Co. announced that a blaze broke out on July 15 morning in the second sanitaryware plant in Riyadh 2nd Industrial City.  The fire led to a stoppage in production at the plant, the statement said, noting there were no injuries or...

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Business & Money | Sunday 16 July, 2023 9:22 am

WAJA inks SAR 2.8 mln contract with Al Hilal Saudi Club

WAJA Co. signed, on July 13, a project contract for the restoration and development of the rooms of the first-team players of Al Hilal Saudi Club at a total value of SAR 2.81 million (VAT inclusive), according to a statement on Tadawul. The contract has a term of 30 days and covers the...

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Business & Money | Sunday 16 July, 2023 9:19 am

Real estate transactions in Saudi Arabia hit 1.6 mln in 1444H

Real estate transactions reached 1.59 million since the beginning of 1444 Hirji. Registration transactions accounted for 27.4% of the total.   The total number of registration transactions reached 433,321, according to Al-Eqtisadiah newspaper.   Riyadh came on top in...

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Business & Money | Sunday 16 July, 2023 9:02 am

Azizi Developments partners with British Perkins

Azizi Developments, a leading private developer in the UAE, has announced its partnership with UK-based Perkins Engines Company Limited to source premium diesel generators for Amber, the developer’s recently launched project in the well-connected Al Furjan.  Perkins, a global leader in...

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Business & Money | Saturday 15 July, 2023 5:24 am

Gold prices fall, set for best weekly performance since April

Gold prices declined on Friday, but they are heading for their best weekly performance since April.   Federal Reserve Bank of San Francisco President Mary Daly said it’s too soon for policymakers to say they have done enough to return US inflation to their target, CNBC...

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Business & Money | Saturday 15 July, 2023 5:09 am

ACWA Power awards SAR 2.5 bln EPC contract for Rabigh 4 project

ACWA Power Co., along with Haji Abdullah Alireza & Co (HAACO) and Al Moayyed Contracting Group (AMCG), awarded an engineering, procurement, and construction (EPC) contract with a consortium of Power China, SEPCOIII, and WETICO for Rabigh 4 Independent Water Plant (IWP)...

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