Business & Money | Sunday 21 April, 2024 10:20 am

Jarir lowers prices to ensure strong market share: Chairman

Jarir Marketing Co. (JMC) continues to boost its market share, which will result in further growth, Chairman Muhammad Alagil told Argaam. He added that Jarir reduced prices to ensure an increase in its market share amid fierce competition in the retail sector, leading to a decrease in profit...

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Government | Sunday 21 April, 2024 10:18 am

TGA exempts private educational institutions from minimum bus limit

The Transport General Authority (TGA) exempted the private educational institutions from the minimum bus limit, Saudi Press Agency reported. The authority earlier stipulated that such institutions should provide at least five vehicles.  The decision aims to facilitate providing...

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Technology & IT | Sunday 21 April, 2024 10:03 am

Edaa implements securities quantity increase for Edarat

The Securities Depository Center Co. (Edaa) implemented today, April 21, the securities quantity increase for Edarat Communication and Information Technology Co. on eligible shareholders' accounts, according to Tadawul website.The company’s shareholders approved a 100% capital increase from...

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Technology & IT | Sunday 21 April, 2024 9:40 am

Saudi Azm board approves transition to main market

Saudi Azm for Communication and Information Technology Co.’s board of directors approved, on April 18, the company’s transition from the Nomu-Parallel Market to the main market (TASI), according to a statement to Tadawul. The company hired Al Rajhi Capital as financial advisor...

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Government | Sunday 21 April, 2024 8:57 am

Deloitte launches Kiyadat to advance GCC national talent into leadership roles

Deloitte Middle East announced the launch of Kiyadat, a center of excellence designed to empower national talent across the Gulf Cooperation Council (GCC) region. In Arabic, "Kiyadat" translates to "Leaders", symbolizing the commitment to fostering national talent and paving their way towards...

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Business & Money | Saturday 20 April, 2024 4:57 am

Effective fiscal policies key for enhancing resilience amid global challenges: Al-Jadaan

Minister of Finance, Mohammed Al-Jadaan, said that implementing effective fiscal policies is crucial to enhance resilience and sustainability amid the challenges facing the global economy.   Saudi Arabia reaffirms its continuous support for the financial programs provided by the...

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Business & Money | Saturday 20 April, 2024 4:55 am

Continued reforms in Saudi Arabia have a positive impact on growth, job creation: IMF

Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), stated that continued reforms and investments in Saudi Arabia have a positive impact on growth, economic activity, and job creation.   In an interview with Al Arabiya at the ...

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Business & Money | Saturday 20 April, 2024 12:26 am

View United appoints Al-Nefaie Investment as market maker

View United Real Estate Development Co.’s board of directors decided, on April 17, to appoint Al-Nefaie Investment Group as the market maker for its shares, according to a statement to Tadawul. The decision, subject to approval from the relevant authorities, aims to support...

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Government | Friday 19 April, 2024 10:51 am

Alstom seals deal to upgrade automated people mover system at Jeddah's KAIA

France-based global rail transport company Alstom signed a contract to upgrade the Innovia automated people mover (APM) system at the King Abdulaziz International Airport (KAIA), Jeddah, according to a company statement. Under the contract, Alstom will provide design, engineering,...

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Business & Money | Friday 19 April, 2024 9:40 am

SNB Capital expects Saudi banking sector to grow 9% from 2023

The Saudi banking sector is expected to achieve a year-on-year (YoY) growth rate of 8-9%, during the first quarter of 2024, buoyed by increased lending activity, enhanced profit margins, and steady deposit costs, Iyad Ghulam, Head of Equity Research at SNB Capital, told Argaam. In his...

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