Government | Thursday 27 June, 2024 10:23 am

King Fahd Causeway to Bahrain Goes Digital: E-Insurance Now Mandatory for All Vehicles

United Insurance Company, the provider responsible for mandatory insurance for vehicles crossing the King Fahd Causeway to Bahrain, has announced that, effective July 1st, short-term insurance policies (3, 5, 10 days) will be available exclusively through electronic channels. The company...

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Government | Thursday 27 June, 2024 10:16 am

Najm opens its branch in Al-Ahsa

Najm for insurance services has inaugurated its branch in Al-Ahsa, in the presence of Al-Ahsa Traffic Department Director, Brig. Gen. Khalid bin Faleh Al-Rashidi and a number of Najm officials. Al-Rashidi toured the branch, during which he viewed the workflow and services provided by Najm to...

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Business & Money | Thursday 27 June, 2024 10:13 am

Dubai Mercantile Exchange Welcomes Saudi Tadawul Group as New Strategic Shareholder

Further to the announcement made on 18 January 2024 with respect to a binding agreement to acquire a 32.6% strategic stake in DME Holdings Limited, Saudi Tadawul Group Holding Company (the Group), a leading diversified capital markets group in the MENA region, is pleased to announce that it has...

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Business & Money | Thursday 27 June, 2024 10:06 am

US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034

 The Ministry of Finance, has successfully closed its offering of a US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034. Issued with a yield of 4.857%, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London Stock...

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Technology & IT | Thursday 27 June, 2024 10:04 am

LG NAMED THE OFFICIAL PARTNER OF THE ESPORTS WORLD CUP 2024 IN SAUDI ARABIA

LG Electronics (LG) has been announced as the official partner of the Esports World Cup (EWC) 2024, set to take place in Riyadh, Saudi Arabia, from July 3 to August 25. Formerly known as Gamers8, EWC is an annual international esports tournament. This year’s edition – the first under the EWC...

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Business & Money | Thursday 27 June, 2024 9:56 am

Al Hilal Bank Launches Instant Digital Shariah-compliant Subscription Service for Initial Public Offerings

Al Hilal Bank, a subsidiary of the ADCB Group and a progressive Islamic digital bank, has signed an agreement with the Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, to offer instant subscriptions to all Shariah-compliant Initial Public Offerings (IPOs) on...

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Business & Money | Thursday 27 June, 2024 7:55 am

First Mills inks SAR 150M financing deal with SIDF

First Mills Co. signed on June 25 a SAR 150 million financing facility agreement with the Saudi Industrial Development Fund (SIDF) to refinance working capital, boost business operations and enhance expansions and growth, according to a statement to Tadawul.The facility will extend for 24 ...

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Business & Money | Wednesday 26 June, 2024 2:34 pm

Emirates NBD and Jarir Bookstore Sign Memorandum of Cooperation to enhance customer experience for clients.

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, have announced the signing of a cooperation agreement with Jarir Bookstore, aimed at enhancing the customer experience by offering exclusive services and benefits to their clients. This...

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Environment & Energy | Wednesday 26 June, 2024 2:28 pm

Saudi Aramco tops global companies by proved oil, gas reserves

Saudi Arabian Oil Co. (Saudi Aramco) topped by a significant margin the list of the world's largest oil companies in terms of proven reserves in 2022, according to data collected by Statista from company reports. Saudi Aramco's oil and gas reserves are estimated at around 259 billion barrels...

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Environment & Energy | Wednesday 26 June, 2024 2:27 pm

Industry ministry: Maaden, AMAK among 6 winners in 5th mining competitions

The Ministry of Industry and Mineral Resources announced today that six companies won the fifth round of mining competitions. The ministry stated on the messaging platform X that Saudi Arabian Mining Co. (Maaden) and Almasane Alkobra Mining Co. (AMAK) were among the winners. The mining...

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