Business & Money | Tuesday 24 October, 2023 10:06 am

Saudi EXIM Bank and Trafigura Sign Credit Facility Agreement

The Saudi Export-Import (Saudi EXIM) Bank has signed an agreement with Trafigura, a market leader in the global commodities industry, to extend a three-year credit facility of USD 500 million. In the presence of Mr. Jeremy Weir, Executive Chairman and CEO of Trafigura, the agreement was signed ...

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Business & Money | Tuesday 24 October, 2023 10:05 am

RAKEZ welcomes H.B. Fuller in a major global expansion move

H.B. Fuller, one of the world’s largest pureplay adhesives companies, chose Ras Al Khaimah as its strategic regional business centre, marking a significant milestone in its global expansion goals. The move was cemented with the acquisition of a 15,000 m2 facility of an adhesives manufacturer...

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Business & Money | Tuesday 24 October, 2023 10:02 am

Saudia Group is the Strategic Partner and Official Airline Partner of the Future Investment Initiative 2023

Saudia Group is participating in the seventh edition of the Future Investment Initiative (FII), scheduled to take place from October 24 to 26, 2023, in the capital city of Riyadh. As the strategic partner and official airline partner, this partnership aligns with Saudia Group's commitment to...

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Business & Money | Tuesday 24 October, 2023 9:50 am

DigitalX and LG Electronics Gulf to Drive Technological Advancements and Pioneer a New Digital Era

DigitalX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity & Water Authority (PJSC), signed a Memorandum of Understanding (MoU) with LG Electronics Gulf, a global provider of a broad range of technology products, AI & Robotics. The MoU was signed between Hamad Karam, Chief ...

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Business & Money | Tuesday 24 October, 2023 9:48 am

ENOC Group unveils innovative in-store audio solution, setting a new standard for ZOOM’s retail experience

ENOC Group, a leading integrated global energy player, announced a partnership with South African company ‘Shop Beat’ to enhance customer engagement and delivery of a unique shopping experience across ZOOM convenience stores. Through the partnership, ZOOM gains access to Shop Beat’s...

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Environment & Energy | Tuesday 24 October, 2023 9:32 am

Saudi Arabia continues to be 'energy hub', to rival those with competitive power: Minister

Minister of Energy Prince Abdulaziz bin Salman said Saudi Arabia is and will continue to be a key hub in the energy industry and related fields. The Kingdom will also challenge and rival those with competitive powers.   Addressing the Saudi-EU Investment Forum’s opening session,...

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Business & Money | Tuesday 24 October, 2023 9:25 am

GOSI names Osama Al-Shammari as official spokesman

The General Organization for Social Insurance (GOSI) announced appointing Osama bin Saleh Al-Shammari as its official spokesman. The decision comes within the framework of GOSI's endeavor to strengthen communication and strategic partnerships with various media outlets and provide them with...

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Business & Money | Tuesday 24 October, 2023 9:22 am

Saudi Arabia to spend SAR 1.6 trln on investments in next 10 years: Al-Jasser

Minister of Transport and Logistics Saleh Al-Jasser said that the Kingdom plans to inject SAR 1.6 trillion worth of investments in the next ten years, through partnerships with the private sector and a number of countries, according to SPA.   "We have developed two key aviation hubs, ...

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Environment & Energy | Tuesday 24 October, 2023 9:15 am

Tanmiah Food, Vibra sign MoU for Saudi food security boost

anmiah Food Co. signed a memorandum of understanding with Brazil’s Vibra Agroindustrial SA (Vibra), one of the world's leading poultry producers and exporters, with an aim to establish a joint venture.   In a statement to Tadawul, Tanmiah Food pointed out that a shareholders...

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Business & Money | Tuesday 24 October, 2023 9:13 am

Saudi Electricity to sign $3 bln international syndicated facility agreement today

Saudi Electricity Co. (SEC) will sign today, Oct. 24, a $3 billion international syndicated facility agreement.   In a statement to Tadawul, the utility said the five-year facility will be secured from Saudi National Bank (SNB, Dubai Islamic Bank, Kuwait Finance House and Mashreq...

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