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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Culture & Education | Tuesday 24 October, 2023 9:12 am

Red Sea, Kingdom Holding sign SAR 2 bln joint project to develop, own Four Seasons Resort

Red Sea Global (RSG) and Kingdom Holding Co. (KHC) signed an investment deal valued at SAR 2 billion, for a joint project to develop and own the Four Seasons Resort - the Red Sea.   According to a RSG’s statement, the project is owned equally by the two companies, and is located on ...

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Beauty & Style | Tuesday 24 October, 2023 9:08 am

TASAWAR by Snap Inc.: A First-of-Its-Kind AR Exhibition Redefining Saudi Fashion

Snapchat, in collaboration with the Ministry of Culture and the Saudi Fashion Commission, is thrilled to announce TASAWAR, an avant-garde augmented reality (AR) exhibition that pushes the boundaries of fashion and creativity through technology. Taking place during Riyadh Fashion Week, TASAWAR will...

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Government | Tuesday 24 October, 2023 9:02 am

Public Prosecution convicts 7 for over SAR 1 bln in money laundering

The Prosecution for Financial Fraud Crimes concluded investigations into a criminal organization consisting of six citizens and an expatriate of Arab nationality for involvement in money laundering.     The citizens...

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Government | Monday 23 October, 2023 3:14 pm

Crown Prince launches Esports World Cup

Crown Prince Mohammed bin Salman announced today, Oct. 23, the launch of the Esports World Cup to be held annually in Riyadh starting summer 2024.   The event will serve as a platform that supports the gaming and esports sector and consolidates Saudi Arabia’s position as a hub for...

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Environment & Energy | Monday 23 October, 2023 3:08 pm

NWC and KAUST Sign Research Cooperation Agreement on Water, its Distribution, and Environmental Treatment

The National Water Company (NWC) and King Abdullah University of Science and Technology (KAUST) signed a research cooperation and knowledge transfer agreement on October 22, 2023, in research programs covering the water, its distribution and environmental treatment fields.  The agreement...

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Sports | Monday 23 October, 2023 1:30 pm

Saudi Sports for All Federation meets with leading sports organizations and entities in Japan

A delegation from the Saudi Sports for All Federation (SFA), led by Federation President HRH Prince Khaled bin Alwaleed bin Talal Al Saud, alongside Ms. Shaima Saleh Al-Husseini, SFA Managing Director, has successfully concluded a visit to Japan. The purpose of the trip, taking place from ...

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Business & Money | Monday 23 October, 2023 1:28 pm

More than 1,300 European firms have invested in Saudi Arabia: Al Falih

Saudi Minister of Investment Khalid Al Falih said the partnership with the European Union (EU) is crucial and robust as more than 1,300 European companies have invested in the Kingdom.    In addition, significant Saudi investments have been made in most...

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