Business & Money | Sunday 24 March, 2024 10:42 am

ACWA Power's NOORo III in Morocco offline due to forced outage

ACWA Power announced a forced outage at its NOORo III plant in Morocco after receiving a notice from the project’s company about a leak in the hot molten salts tank. The preliminary analysis showed that the forced outage will last until November 2024.   The preliminary estimates...

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Business & Money | Sunday 24 March, 2024 10:10 am

OPEC Fund provides US$50 mn loan to support agriculture and food sector in Türkiye, prioritizing earthquake-hit regions

The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to support the agricultural and food production sectors, prioritizing 11 cities hit by the devastating earthquakes of February 2023. The Development and Investment Bank of Türkiye (TKYB) will...

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Business & Money | Saturday 23 March, 2024 6:56 am

Diriyah Company Signs Ground-breaking Agreement for District Cooling Plant Development

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)....

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Business & Money | Saturday 23 March, 2024 6:43 am

PwC Middle East and Microsoft launch AI Centre of Excellence dedicated to upskilling Saudi engineering talent

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 ...

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Environment & Energy | Saturday 23 March, 2024 6:29 am

Minister of Energy decides to amend dry gas distribution tariff

Minister of Energy, Prince Abdulaziz bin Salman, decided to amend the dry gas distribution tariff for the Natural Gas Distribution Co. in Riyadh Second Industrial City and East Gas in Dammam Second Industrial City.  Under the decision, the tariff for the Natural Gas Distribution was...

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Business & Money | Friday 22 March, 2024 1:41 am

Saudia Technic and flyadeal Secure Major Maintenance Contract at MRO Middle East Conference in Dubai

At the prestigious Dubai MRO Middle East 2024 Conference, Saudia Technic is proud to announce that flyadeal has awarded it a significant contract for the completion of 10 C checks on its Airbus A320neo fleet throughout 2024. This achievement underscores Saudia...

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Business & Money | Friday 22 March, 2024 12:06 am

eWTP Arabia Capital Portfolio Companies Strengthen Saudi Presence and Partnerships at LEAP 2024

eWTP Arabia Capital (eWTPA), a growth-stage investor headquartered in Riyadh and Asia Tech Partner of LEAP 2024, showcased its commitment to fostering innovation and partnership building at the recent event. Leveraging its position, eWTPA facilitated significant collaborations with the Saudi...

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Beauty & Style | Thursday 21 March, 2024 1:12 pm

MARLI New York's Guide To Finding Your Inner Cleo This Eid

Celebrate the timeless, edgy, or playful woman in your life this Eid el Fitr with MARLI New York's Iconic Cleo Collection The Timeless WomanTimeless and elegant, she favors classic silhouettes and neutral colors paired with refined accessories. Her jewelry blends modern and classic elements,...

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Technology & IT | Thursday 21 March, 2024 11:08 am

HONOR Announces the Pre-order for the AI Powered HONOR Magic6 Pro & the availability of PORSCHE DESIGN HONOR Magic V2 RSR

Global technology brand HONOR announced the pre-order of the all-new HONOR Magic 6 Pro and the official availability of PORSCHE DESIGN HONOR Magic V2 RSR for customers across the KSA with exciting gifts worth up to SAR 2857. "The release of HONOR Magic6 Pro and PORSCHE DESIGN...

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Business & Money | Thursday 21 March, 2024 10:36 am

WAJA seals SAR 49.5M contract with Ministry of Finance

WAJA Co. signed on March 20 a technical framework project agreement with the Ministry of Finance at an estimated value of SAR 49.45 million, VAT inclusive.   The agreement is valid for three years, WAJA said in a statement to Tadawul. It includes the supply and installation of office ...

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