18 Ramadan 1445 - 28 March 2024
    
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Eye of Riyadh

ROSHN Supercharges its App with Boxo Partnership
Business & Money | Saturday 23 March, 2024 6:58 am
ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted developer, has heralded a substantial increase in the capabilities of its Superapp through its latest agreement with Boxo, the Singapore-based tech firm. The two companies participated in a signing ceremony at ROSHN HQ, where ...
Diriyah Company Signs Ground-breaking Agreement for District Cooling Plant Development
Business & Money | Saturday 23 March, 2024 6:56 am
The Diriyah Company has announced a groundbreaking infrastructure agreement with City Cool Cooling Company. The infrastructure agreement includes a district cooling plant and associated distribution network with the ability to deliver a maximum cooling power of 72,500 Tons of Refrigeration (TR)....
PwC Middle East and Microsoft launch AI Centre of Excellence dedicated to upskilling Saudi engineering talent
Business & Money | Saturday 23 March, 2024 6:43 am
PwC Middle East in Saudi Arabia and Microsoft have announced the launch of an artificial intelligence (AI) Centre of Excellence in Riyadh at LEAP 2024, aimed at upskilling and scaling the AI capabilities of Saudi engineers and researchers. The launch of the centre supports the Kingdom’s community ...
Saudi Arabia launches Phase II of Madinah airport expansion project
Business & Money | Saturday 23 March, 2024 6:40 am
Prince Salman bin Sultan bin Abdulaziz, Governor of Madinah and Chairman of Al Madinah Region Development Authority, inaugurated Phase II of Prince Mohammad Bin Abdulaziz International Airport's development and expansion project.   The project worth up to SAR 1.2 billion aims to...
HRSD seeks feedback on amendments to draft law of criminalizing irregular labor practices
Government | Saturday 23 March, 2024 6:39 am
The Ministry of Human Resources and Social Development (HRSD) invited the public and those interested to express their opinions on the draft law of criminalizing irregular practices that negatively affect the labor market.   The ministry seeks the public's proposals for articles to...
SAL signs deal with Taiba Airports to develop new air cargo terminal
Business & Money | Saturday 23 March, 2024 6:30 am
SAL Saudi Logistics Services Co. and Taiba Airports signed on March 21 a 16-year agreement to establish a new air cargo terminal at Prince Mohammad Bin Abdulaziz International Airport in Madinah.  The deal aims to boost the air cargo capacity at the airport and ensure the provision of...
Bonyan REIT inks SAR 500M credit facility deal with Alinma Bank
Business & Money | Friday 22 March, 2024 7:43 am
Bonyan REIT Fund inked a Shariah-compliant credit facility deal worth SAR 500 million with Alinma Bank, fund manager Saudi Fransi Capital said in a statement to Tadawul.   The agreement runs for seven years, with margins paid quarterly, beginning with a cash withdrawal for...
The Arab Energy Fund posts highest net income on record for second straight year
Environment & Energy | Friday 22 March, 2024 1:53 am
The Arab Energy Fund (formerly APICORP), a multilateral impact financial institution focused on the energy sector, announced today its financial results for the period ended December 31, 2023.   In a statement to Argaam, the results showed that the fund achieved its highest ever net...
“Huawei Saudi” and Digital Government Authority (DGA) Announce  Cooperation to Enhance Saudi Government App Experience
Technology & IT | Friday 22 March, 2024 1:52 am
Huawei Saudi Arabia and the Digital Government Authority (DGA) of Saudi Arabia announced a significant collaboration in the digital transformation and emerging technologies, to enhance the accessibility, elevate the digital content and user experience of government applications on Huawei devices in ...
Al Yamuna Densons invests AED 35 million in its facility expansion in Ras Al Khaimah
Business & Money | Friday 22 March, 2024 1:50 am
A leading Indian manufacturer of power cable joining kits, Al Yamuna Densons is expanding its facility in Ras Al Khaimah with an investment of AED 35 million to boost its regional operations. The construction in the Al Hamra Industrial Zone is set to be completed by May, taking the total area to...
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