Business & Money | Thursday 27 February, 2025 12:48 pm

Riyadh Air and IBM to build AI-driven enterprise, to elevate guest and employee experiences

 Today, IBM announced a new agreement with Riyadh Air, which will integrate watsonx, IBM’s portfolio of AI products, and IBM Consulting AI solutions to establish an enterprise-wide AI capability to elevate Riyadh Air guest and employee experiences.  As Riyadh Air prepares for its...

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Business & Money | Thursday 27 February, 2025 12:42 pm

NEOM wins Princess Seetah bint Abdulaziz Award for Excellence in Social Work

The outstanding efforts of NEOM in the field of social responsibility were honored last Sunday (February 16) with the giga-project receiving the Princess Seetah bint Abdulaziz Award for Excellence in Social Work. Securing the win for the award category titled: ‘Excellence in Corporate Social ...

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Business & Money | Thursday 27 February, 2025 12:38 pm

NWC starts implementing 9 projects in Tabuk at SR 300m to expand coverage and raise operational efficiency

The National Water Company (NWC), represented by the Northwest Cluster, announced the start of implemen­­tation of 9 water and sanitation projects in Tabuk region, at a cost of about 300 million Saudi Riyals, to increase the percentage of service coverage, raise operational efficiency, and...

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Business & Money | Wednesday 26 February, 2025 11:20 am

Riyadh Metro’s Qasr Al Hokm Station to open today

The Royal Commission for Riyadh City (RCRC) will inaugurate Qasr Al Hokm Metro Station today. 26 at 6 am Makkah time, as part of the Riyadh Metro project. Being among the four focal metro hubs, the new station connects the Blue and Orange lines with the Riyadh bus network, serving key...

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Business & Money | Wednesday 26 February, 2025 11:16 am

NDMC offers EUR 2.25B international bonds

The National Debt Management Center (NDMC) completed receiving investors' orders for the international Euro-denominated bonds under the Kingdom's Global Medium-Term Note Issuance Program (GMTN), at EUR 2.25 billion. The total order book reached around EUR 10 billion, which equals an...

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Business & Money | Wednesday 26 February, 2025 11:14 am

Riyad Bank redeems $1.5B Tier 2 sukuk

Riyad Bank announced the full redemption of its $1.5 billion fixed rate reset international Tier 2 sukuk due 2030, at face value, at the end of the fifth year on Feb. 25. Details of Redeemed SukukTypeUS-dollar denominated international Tier 2 sukukValue$1.5 blnRedemption...

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Business & Money | Wednesday 26 February, 2025 11:08 am

SAL Logistics signs agreement with King Salman Humanitarian Aid and Relief Center

SAL Logistics Services, the leading provider of cargo handling and logistics solutions in the Kingdom, has signed a partnership agreement with the King Salman Humanitarian Aid and Relief Center (KSRelief) to provide integrated logistics services in support of the center’s efforts to deliver...

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Business & Money | Tuesday 25 February, 2025 11:46 am

EVIQ and Remat Al-Riyadh Partner to Advance EV Charging Infrastructure in Riyadh

 As part of its commitment to accelerating EV adoption and enhancing sustainable mobility, EVIQ, Saudi Arabia’s leading EV infrastructure provider, has signed a Memorandum of Understanding (MoU) with Remat Al-Riyadh Development, the development arm of the Riyadh Municipality, to install and...

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Business & Money | Tuesday 25 February, 2025 11:26 am

Shalfa signs SAR 162 contract with Presidency of State Security

Shalfa Facilities Management Co. signed on Feb. 24 a 60-month contract with the Presidency of State Security worth SAR 162 million, the company said in a statement to Tadawul. The contract entails providing operation, maintenance and cleaning works for the administrative buildings...

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Business & Money | Monday 24 February, 2025 10:52 am

SRC’s second sukuk issue to be offered in 3 months: Al-Hogail

Majid Al-Hogail, Minister of Municipalities and Housing and Chairman of Saudi Real Estate Refinance Co. (SRC), said as much as $5 billion is planned to be issued under the company’s sukuk program, with $2 billion worth of sukuk offered so far. Speaking to Al Arabiya TV, Al-Hogail explained...

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