Business & Money | Monday 24 July, 2023 8:45 am

Bena signs SAR 75 mln credit facility with SNB

Bena Steel Industries Co. signed, on July 23, a Sharia-compliant credit facility agreement worth SAR 75 million with Saudi National Bank (SNB), the company said in a statement to Tadawul today, July 24.    ...

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Business & Money | Monday 24 July, 2023 8:42 am

Leejam co-establishes Padel X Sports firm with World Wide Padel

Leejam Sports Co. (Fitness Time) established Padel X Sports Co. (a limited liability company) with SAR 50,000 capital, in partnership with World Wide Padel.   Leejam aims to invest in Padel sports in Saudi Arabia by building and operating Padel courts. The incorporation of the new...

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Business & Money | Monday 24 July, 2023 8:40 am

Naseej Tech awards Elm SAR 4.8 mln contract

Naseej for Technology Co.  awarded on July 20 a SAR 4.77 million worth project (VAT inclusive) to Elm Co. for supplying, indexing and storing information resources in public libraries.   In a statement to Tadawul today, July 24, Naseej Tech pointed out that the project relevant...

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Technology & IT | Sunday 23 July, 2023 1:07 pm

HONOR Puts User Comfort First with the Revolutionary 0 Risk Eye-Comfort Display on HONOR 90 5G

HONOR has consistently demonstrated a commitment to human-centric innovation, particularly in the field of eye care technologies, employing a scientific approach. From its inception, HONOR has maintained a longstanding partnership with TÜV Rheinland, a renowned testing institution, to ensure the...

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Business & Money | Sunday 23 July, 2023 12:55 pm

Saudi Arabia leads region in venture capital in H1 2023 at nearly about $446 mln

Saudi Arabia recorded a decline of 27% year-on-year (YoY) in venture capital (VC) to $446 million during the first six months of 2023, according to a recent report by MAGNiTT. The number of deals was also on a decline with a 44% annual retreat in H1 2023 to 54 deals. With the government...

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Business & Money | Sunday 23 July, 2023 12:38 pm

PIF Establishes Al Madinah Heritage Company to Develop and Enhance Production of Saudi Ajwa Dates

The Public Investment Fund (PIF) has announced the establishment of Al Madinah Heritage Company (“MHC” or “the Company”). The new company will play a key role in improving the quality and production capacity of Ajwa dates in the Madinah region. The launch of the Company will help further...

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Government | Sunday 23 July, 2023 11:40 am

Dubai Customs posts robust H1 performance with 14 million transactions processed in 6 months

Keeping pace with the UAE’s strong economic growth, Dubai Customs cleared 14 million customs transactions during the first six months of this year, a 10% surge from the 12.7 million transactions registered in the same period last year. The UAE economy is poised to experience further growth and...

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Business & Money | Sunday 23 July, 2023 11:37 am

Riyadh Development Company signs sponsorship agreement with Jahez International Company

Riyadh Development Company (ARDCO) announces the signing of a sponsorship agreement with Jahez International Company for IT Services as the official Strategic Digital Sponsor of Otaiqah Dates Season. The announcement is in line with the launch of the 2nd edition of Otaiqah Dates Season, one of the...

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Sports | Sunday 23 July, 2023 11:33 am

Mastercard and Saudi Esports Federation connect Kingdom’s gamers to their passions

Building on the success of the inaugural edition of the largest gaming and esports festival in the world, Gamers8, Mastercard has announced its return to the 2023 edition, which will be larger than ever. Mastercard’s role underlines the company’s commitment to delivering a diverse and exciting...

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Business & Money | Sunday 23 July, 2023 11:03 am

NHC delivers 18,000 residential units across Kingdom YTD

National Housing Co. (NHC) have delivered more than 17,700 residential units across the Kingdom year to date.   The company maintains its strategies and plans to speed up the delivery of housing units. It recently announced the handover of more than 25,000 residential units across...

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