Business & Money | Sunday 9 March, 2025 8:00 am

Saudi German Health inks 3 contracts with Al-Sobh New Medical

Middle East Healthcare Co. (Saudi German Health) signed today, March 6, three contracts with Al-Sobh New Medical Co., according to a statement to Tadawul. The first contract permits the usage of Saudi German Hospital trademark and brand name at Al-Sobh New Medical Co.’s Sobhi Abdul Jalil...

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Business & Money | Sunday 9 March, 2025 8:00 am

Raoom pens SAR 100M credit facility deal with Bank AlJazira

Raoom Trading Co. signed today, March 6, a Shariah-compliant credit facility agreement worth SAR 100 million with Bank AlJazira, according to a filing to Tadawul. The facility, available until Dec. 31, 2025, is guaranteed by a promissory note. The deal aims to support the...

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Business & Money | Sunday 9 March, 2025 8:00 am

MAWANI launches expansion of container terminal at Jeddah Port with SAR 3B investments

The Saudi Ports Authority (MAWANI), in collaboration with DP World, launched expansion and development works for the Southern Container Terminal at Jeddah Islamic Port. This initiative aims to boost operational capabilities and increase the port’s handling capacity, with an investment value of...

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Business & Money | Sunday 9 March, 2025 8:00 am

King Salman, Crown Prince donate SAR 70M to National Campaign for Charitable Work

King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman donated SAR 40 million and SAR 30 million, respectively to the fifth edition of the National Campaign for Charitable Work through the Ehsan platform. The donation builds on the leadership's continuous support for...

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Business & Money | Sunday 9 March, 2025 8:00 am

Saudi Arabia submits Expo 2030 registration dossier to BIE

Saudi Arabia officially submitted the registration dossier for World Expo 2030 Riyadh to the Bureau International des Expositions (BIE), marking a significant milestone in the Kingdom’s preparations to host the global event, according to the Saudi Press Agency.The dossier, a crucial requirement...

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Business & Money | Friday 7 March, 2025 2:54 pm

PIF extends deadline for central business district in Riyadh: Report

The Public Investment Fund (PIF) extended the deadline for receiving bids to appoint a project management consultancy (PMC) for its upcoming central business district (CBD) on the outskirts of Riyadh, according to MEED. The CBD will include a proposed two-kilometer-high tower. The...

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Business & Money | Friday 7 March, 2025 2:52 pm

PIF plans to invest $100M in AirAsia: Report

The Public Investment Fund (PIF) is poised to invest about $100 million in Malaysian carrier group AirAsia, Bloomberg reported, citing people familiar with the matter. The low-cost carrier is raising funds and offering investors up to a 15 percent stake at a $2 billion valuation. The...

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Technology & IT | Friday 7 March, 2025 2:44 pm

du announces collaboration with Microsoft to transform managed security services with AI, LLM, and cloud innovations

du, a leading telecom and digital services provider, today announced a collaboration with Microsoft during Mobile World Congress, taking place in Barcelona from March 3 – 6, 2025. The collaboration will see Microsoft Azure’s innovative security stack integrate with du Tech’s robust managed...

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Business & Money | Friday 7 March, 2025 2:40 pm

DP WORLD AND MAWANI INAUGURATE SAR 3 BILLION STATE-OF-THE-ART TERMINAL IN JEDDAH

DP World and Saudi Ports Authority (Mawani) have unveiled the new state-of-the-art South Container Terminal at Jeddah Islamic Port, marking a major milestone in DP World’s SAR 3 billion ($800 million) expansion and development programme to upgrade the terminal and enhance Saudi Arabia’s...

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Tourism & Hospitality | Friday 7 March, 2025 2:07 pm

SUN SIYAM OLHUVELI UNVEILS MALDIVES’ LONGEST POOL AND REIMAGINED BEACH & SUNSET BEACH PAVILIONS

 Sun Siyam Olhuveli, is set to unveil its entirely refurbished Beach and Sunset Beach Pavilions alongside the opening of the Maldives' Longest Pool, an incredible 210 m masterpiece, on March 1st, 2025, combining fresh design and a more refined guest experience. The newly revamped Beach...

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