Business & Money | Sunday 17 November, 2024 10:24 am

Newborn Town Joins Saudi Arabia's Regional Headquarters Program

RIYADH, Saudi Arabia--(BUSINESS WIRE/AETOSWire)-- The Hong Kong-listed tech company Newborn Town, in partnership with Saudi Arabia's Ministry of Investment, hosted an event in Riyadh under the theme 'To Connect, Explore, and Thrive Together'. During the event, MISA granted Newborn Town a Regional...

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Business & Money | Friday 15 November, 2024 3:39 pm

REGA CEO says Cityscape sees SAR 230B real estate deals

The Cityscape Global 2024 saw the signing of strategic agreements worth more than SAR 30 billion, in addition to SAR 180 billion launches on Day 1, bringing the total value of deals to over SAR 230 billion, the state-run SPA reported, citing Abdullah Alhammad, CEO of the Real Estate General...

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Technology & IT | Thursday 14 November, 2024 10:31 am

HONOR Magic V3 Ranked Among TIME's "Best Inventions of 2024"

TIME magazine has named the HONOR Magic V3 as one of the Best Inventions of 2024, in a list that features 200 groundbreaking innovations redefining daily life across a variety of fields, from healthcare and artificial intelligence to clean energy. This recognition reflects HONOR’s achievement in...

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Business & Money | Thursday 14 November, 2024 9:53 am

Red Sea subsidiary renews SAR 238M credit facility with Riyad Bank

Red Sea International Co.’s subsidiary, Fundamental Installation for Electric Work Co. (First Fix), renewed a three-year Shariah-compliant credit facility with Riyad Bank for SAR 237.88 million, effective Aug. 6, 2024, according to a Tadawul statement. This renewal follows the previous...

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Business & Money | Thursday 14 November, 2024 9:45 am

Sumou signs deal to develop SEDCO Capital Sumou Al Ramal Project in Riyadh

Sumou Real Estate Co. signed an agreement with SEDCO Capital for infrastructure development and execution of SEDCO Capital Sumou Al Ramal project in Riyadh with an area of 240,000 square meters. In a statement to Tadawul, the company said that the contract’s value is SAR 26.4 million and...

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Business & Money | Wednesday 13 November, 2024 4:36 pm

Retail Congress MENA 2024 Ignites a New Era in Riyadh, Celebrating Excellence and Vision Across the Retail Landscape

The Middle East Council of Shopping Centres & Retailers (MECS+R) proudly hosted its first-ever Retail Congress MENA in Riyadh, Saudi Arabia, on November 4-5, making a resounding impact on the MENA retail landscape. Bringing together industry giants, thought leaders, and key stakeholders, the...

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Business & Money | Wednesday 13 November, 2024 12:01 pm

Arabian Drilling, Aramco extend SAR 290M land rig contract

Arabian Drilling Co. (ADC) extended a long-term contract for one of its Saudi Aramco land rigs for SAR 290 million. The contract was extended for five years starting from the expiration of the current contract during the fourth quarter of 2024, the company said in a statement to...

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Business & Money | Wednesday 13 November, 2024 10:33 am

Ministry of Health Saudi Arabia and Boehringer Ingelheim Partner to Raise Awareness on Interconnected Cardio-Renal-Metabolic Conditions in the Kingdom

 Boehringer Ingelheim, a leading research-driven biopharmaceutical company, signed a Memorandum of Understanding (MoU) with the Ministry of Health, Saudi Arabia, to raise awareness of the interconnectivity between cardio-renal-metabolic (CRM) conditions in efforts to help improve the lives of...

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Business & Money | Wednesday 13 November, 2024 10:25 am

University of Jeddah Hosts SAS Forecasting Hackathon, Showcasing Remarkable Female Leadership in AI

The SAS Forecasting Hackathon, held on November 4-5, 2024, and hosted by the University of Jeddah in collaboration with SAS, a global leader in analytics, was a resounding success. The event showcased exceptional student talent and innovation, with all three winning teams composed entirely of...

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Business & Money | Tuesday 12 November, 2024 8:54 am

Saudi drivers make SAR 1.1B income from ride-hailing apps in 9M: TGA

The total income of Saudi drivers working in via the ride-hailing applications in the Kingdom has exceeded SAR 1.1 billion during the first nine months of 2024, said the General Transport Authority. The total number of trips carried out by passenger transport applications in various cities and ...

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