Business & Money | Monday 25 December, 2023 10:09 am

SADAFCO launches new warehouse in Makkah

Saudia Dairy and Foodstuff Co. (SADAFCO) finished the construction of a new warehouse in the industrial city of Makkah and commenced actual operations. The buildings and cold stores are completely ready, the safety, protection, and environmental systems have been installed...

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Technology & IT | Monday 25 December, 2023 9:46 am

Saudi Arabia ranks 2nd among G20 in ITU’s ICT Development Index 2023

The International Telecommunication Union (ITU) announced that the Kingdom achieved second place among the G20 countries in the ITU’s ICT Development Index (IDI) 2023, advancing 10 places ahead of the G20 countries in the index. The IDI reflects Saudi Arabia’s strong ICT infrastructure and ...

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Environment & Energy | Monday 25 December, 2023 9:07 am

ADDED and Siemens Energy to advance sustainable industrial development

In a significant step towards advancing sustainability goals, the Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy, a global leader in energy technology, have joined hands to further decarbonise Abu Dhabi’s booming...

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Business & Money | Monday 25 December, 2023 1:12 am

Social Development Bank grants SAR 11B financing by end of 2023

The Social Development Bank (SDB) provided SAR 11 billion in financing by the end of 2023, meeting its economic and social financing goals for the year while expanding its non-financial services, the Saudi Press Agency (SPA) reported.   The bank stated that more than 8,600 small...

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Business & Money | Monday 25 December, 2023 1:11 am

MIS inks SAR 24.9M project contract with NCGR

Al Moammar Information Systems (MIS) signed a data backup and storage contract with the National Center of Government Resources (NCGR) worth SAR 24.87 million (VAT inclusive), according to a statement by the company to Tadawul today, Dec. 24.  The one-year...

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Business & Money | Monday 25 December, 2023 1:08 am

MAWANI signs 4 maritime services deals worth over SAR 1B for 8 ports

Saudi Ports Authority signed today, Dec. 24 four deals maritime service contracts, exceeding SAR one billion in private sector investments.   The Authority announced these contracts were signed with Zamil Offshore Services Co. and Naghi Marine Co. for eight ports, in collaboration...

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Business & Money | Monday 25 December, 2023 1:07 am

SAL pens deal with Dammam Airports to lease, renovate KFIA’s cargo terminal

SAL Saudi Logistics Co. signed a 20-year lease agreement with Dammam Airports Co. (DACO) to renovate, operate, and maintain the cargo terminal at King Fahad International Airport (KFIA) in Dammam In a statement to Tadawul, the company said that the transaction is valued at SAR 16.5 million annually ...

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Government | Sunday 24 December, 2023 5:17 pm

Saudi Arabia localizes sales, procurement professions from today

The Ministry of Human Resources and Social Development (HRSD) announced today, Dec. 24, the Saudization of sales, procurement, and project management professions.   The move comes in coordination with the supervisory authorities, the ministry said, noting that the previously...

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Government | Sunday 24 December, 2023 4:54 pm

NEOM introduces NEOM Sports Club Moaath Alohali is named as the club’s new CEO

Following the June announcement of the ownership transfer of Al Suqor Club to NEOM, the company reveals today that the new name will be NEOM Sports Club with a new logo to reflect the change in name. -- NEOM has also announced that Moaath Alohali has been named CEO of the club, after having left...

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Business & Money | Sunday 24 December, 2023 1:51 pm

Hamriyah and Deira ports record AED 12.133b in customs declaration value for first nine months of 2023

Dubai Customs plays a crucial role as the frontline defense for community security, consistently advancing its customs centers to safeguard and facilitate maritime trade. H.E. Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, recently visited ...

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