Business & Money | Monday 9 October, 2023 7:04 am

Monsha’at and Leading Saudi Entrepreneurs Take Part in Global Entrepreneurship Congress 2023

A Saudi Arabian delegation comprising some of the nation’s leading entrepreneurs recently participated in the Global Entrepreneurship Congress 2023 (GEC23), led by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia. Among Monsha’at’s objectives ...

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Environment & Energy | Sunday 8 October, 2023 4:35 pm

Saudi Arabia commits to invest in all energy production potentials: Energy Minister

Saudi Arabia adopted a comprehensive approach focused on harnessing all the potentials of energy production from renewables, hydrogen, electricity transmission, and establishing hydrogen distribution pipelines, said Minister of Energy Prince Abdulaziz bin Salman.    During MENA...

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Government | Sunday 8 October, 2023 4:09 pm

Saudi issues decree to develop Imam Faisal bin Turki Royal Reserve

Saudi Arabia issued a decree to establish a royal reserve named “Imam Faisal bin Turki”, which will spread across three administrative regions—Asir, Jazan, and Makkah. It will also extend to the Kingdom’s territorial water in the Red Sea. This will be the eighth royal reserve in the...

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Business & Money | Sunday 8 October, 2023 12:42 pm

Amazon Saudi Hosts Annual Seller Summit to Empower Local Businesses to Grow Online

Amazon Saudi Arabia recently hosted its annual Seller Summit in Riyadh, showcasing a suite of cutting-edge tools and services designed to empower small and medium-sized businesses (SMBs) in Saudi Arabia. These innovations are tailored to help SMBs reach millions of online customers and drive...

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Business & Money | Sunday 8 October, 2023 11:55 am

Thakher Development Company Receives the “Best Infrastructure Developer”

Thakher Development Company, received the “Best Infrastructure Developer” award 2023 under the Real Estate category at the Saudi Building & Infrastructure Awards 2023 which took place in Riyadh, Kingdom of Saudi Arabia, and organized as part of the 2nd edition of Saudi Building &...

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Technology & IT | Sunday 8 October, 2023 11:52 am

HONOR Sets New Trends & Introduces HONOR 90 5G in Stunning Peacock Blue

Today HONOR announced a captivating addition to its HONOR 90 5G lineup- the Peacock Blue variant. This alluring hue, inspired by the beauty of nature, is destined to capture attention and become a trendsetter in the world of smartphone aesthetics. Peacock Blue is boldly modern, romantic, and...

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Business & Money | Sunday 8 October, 2023 9:42 am

NADEC says MC2 assets transferred to Food Security Holding, ups stake to 14.87%

National Agricultural Development Co. (NADEC) announced that following the transfer of all assets of the Second Milling Co. (MC2) to the Food Security Holding Co., a limited liability firm, the two companies were merged under the name the Second Milling Co....

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Business & Money | Sunday 8 October, 2023 9:41 am

TAM Development signs SAR 9.4 mln contract with Ministry of Culture

TAM Development Co. signed on Oct. 5 a SAR 9.44 million contract with the Ministry of Culture, according to a Tadawul statement. The contract is valid for 10 months, the company said in a statement to Tadawul, expecting its financial impact to show starting Q4 2023. On June 26, TAM was...

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Business & Money | Sunday 8 October, 2023 9:35 am

Saudi Ceramics signs non-binding LOI to establish sanitaryware firm

Saudi Ceramic Co. announced that it signed a preliminary, non-binding agreement (term sheet) with Ectasias Yapı Gereçleri A.Ş (EYAP) affiliated with the Turkey’s Eczacıbaşı Group, according to a statement on Tadawul. During the term of the agreement, the two companies will complete the ...

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Government | Sunday 8 October, 2023 9:32 am

Saudi Cabinet sets cap for estimated value of infrastructure, public service projects

The Saudi Council of Ministers approved a maximum limit for the estimated value of any infrastructure or public service project, stipulated in paragraph (1) of Article 7 of the Privatization Law issued in 2021. The limit shall be SAR 200 million for projects to carry out works or secure purchases...

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