Business & Money | Monday 18 September, 2023 8:35 am

Knowledge City signs SAR 143 mln credit facility with Al Rajhi Bank

Knowledge Economic City Co. (KEC) signed on Sept. 17 a Shariah-compliant credit facility agreement worth SAR 143 million with Al Rajhi Bank.   Of the total, SAR 118 million will go towards the execution costs for ongoing project, and SAR 25 million to support working capital, KEC...

More Details

Technology & IT | Monday 18 September, 2023 8:33 am

The Vice Minister of the Ministry of Communications & Information Technology Inaugurates Kaspersky’s Transparency Center in Riyadh

The “Kaspersky Transparency Center”, first of its kind in the Middle East was inaugurated today by His Excellency the Vice Minister of Communications and Information Technology, Engineer Haitham bin Abdul Rahman Al-Ohali, in the presence of officials from the Ministry, the company, and a number ...

More Details

Technology & IT | Monday 18 September, 2023 7:17 am

Ooredoo Upgrades Speeds to Up-to 50Gbps with Cutting-Edge Solution

Ooredoo, Qatar’s leading provider of ICT, has announced it is the first operator in the world to deploy 50GPON connectivity, the 50Gbps-capable fibre-based access connection for consumers.  50GPON is an innovative technology – officially adopted as the evolution standard after 10GPON...

More Details

Business & Money | Monday 18 September, 2023 7:00 am

Walaa Insurance board proposes SAR 425 mln rights issue to raise capital

The board of Walaa Cooperative Insurance Co. recommended, on Sept. 17, increasing the company’s capital through a SAR 425 million rights offering.    In a statement to Tadawul, the insurer pointed out that the capital increase aims to...

More Details

Environment & Energy | Sunday 17 September, 2023 5:33 pm

Saudi Maritime Congress returns to Dammam – opening 20 September 2023

The 4thedition of Saudi Maritime Congress – the Kingdom’s largest and most important global maritime event – opens its doors on Wednesday 20th September under the patronage of the Ministry of Transport and Logistic Services and supported by founding strategic partners, Bahri & Seatrade...

More Details

Business & Money | Sunday 17 September, 2023 1:00 pm

Naif Alrajhi Investment Clinches Prestigious Contract to Develop District One in the King Salman Park Project

Naif Alrajhi Investment group has announced its winning of a real estate development contract for the first real estate investment land parcel in King Salman Park in Riyadh. The project is being undertaken in partnership with the King Salman Park Company for Investment and Real Estate Development,...

More Details

Business & Money | Sunday 17 September, 2023 11:47 am

Sakani says 8,700 families received first homes in August

Sakani Program stated that 10,250 families benefited from the program in August, with a rise of more than 23% compared with 8,303 in July.   In a statement, the program added that the number of families that received their first homes during the same month amounted to...

More Details

Government | Sunday 17 September, 2023 11:46 am

Ministry of Municipal Affairs says 1.3 mln commercial licenses issued YTD

The Ministry of Municipal and Rural Affairs and Housing stated that the number of commercial licenses issued since the beginning of this year reached 1.31 million, Al Eqtisadiah newspaper reported.   It added that the licenses include restaurants, services, salons, residential and...

More Details

Tourism & Hospitality | Sunday 17 September, 2023 11:17 am

GEA Chairman unveils new identity for Riyadh Season

Riyadh Season will open for its fourth edition under a revamped identity and a new logo –"Big Time".   Turki Al-Sheikh, Chairman of General Entertainment Authority (GEA), announced the new innovative identity in a tweet on "X" platform (formerly Twitter).   The...

More Details

Business & Money | Sunday 17 September, 2023 9:28 am

S&P affirms Saudi Arabia’s credit rating at A/A-1, stable outlook

Standard & Poor's (S&P) affirmed its credit rating for Saudi Arabia in local and foreign currencies at “A/A-1” with a stable outlook in a recent report.    S&P maintained its credit rating, backed by the Kingdom’s efforts to proceed with significant...

More Details