Business & Money | Thursday 2 May, 2024 9:33 am

ACWA Power signs SAR 11.4B financing deals to fund 2 projects

ACWA Power Co. signed, on May 1, a senior debt financing deal for Qassim 1 Combined Cycle Power Plant (CCGT) with a capacity of 1,800 MW in Qassim, according to a statement to Tadawul. The SAR 5.69 billion ($1.52 million) financing deal will extend for 28.1 years, and was signed through Qassim ...

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Government | Wednesday 1 May, 2024 12:07 pm

MBSC Teams Up with Local and Global Partners to Empower Family Enterprises in Saudi Arabia

Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC), the Kingdom’s world-class business school, and its MBSC Observatory for Entrepreneurship, Sustainable Innovation & Family Business, has joined forced with local and international partners to provide training modules...

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Business & Money | Wednesday 1 May, 2024 10:41 am

Ladun signs project management deal with Cheval Collection

Ladun Investment Co. signed today, April. 30, a contract with Cheval Collection Co. for management and operation of Cheval Ladun Living, a luxury hotel apartments tower, on King Fahd Road in Riyadh, the company said in a statement on Tadawul. There are no related parties...

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Technology & IT | Wednesday 1 May, 2024 10:15 am

Autonomous technology and EVs to reshape transportation in Saudi Arabia

Industry experts at Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, have outlined the opportunities and challenges facing the mobility industry. The mobility industry refers to automotive and all other sectors providing vehicles and infrastructure for...

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Technology & IT | Wednesday 1 May, 2024 9:26 am

Dubai launches global blueprint for artificial intelligence

Dubai has launched a blueprint for Artificial Intelligence (AI), a yearly plan that will focus on harnessing the technology’s potential to improve quality of life around the world. The plan begins with the appointment of a CEO for AI in each government entity, and will...

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Business & Money | Wednesday 1 May, 2024 9:12 am

Diriyah Gate Development Authority obtains ISO certifications for governance and quality management

The Diriyah Gate Development Authority (DGDA) has secured two International Organization for Standardization (ISO) certifications for governance and quality management (ISO 37000 and ISO 9001). This achievement follows the application and completion of the General Secretariat of the DGDA’s Board...

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Business & Money | Wednesday 1 May, 2024 9:01 am

ROSHN Signs Pledge to Become a Saudi Sustainability Champion

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has become one of the first ‘Saudi Sustainability Champions’ after signing a high-level pledge at the World Economic Forum. The initiative, which is led by the Ministry of Economy and Planning, aims ...

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Government | Tuesday 30 April, 2024 1:27 pm

UAE Ministry of Finance Participated in 2024 IsDB Group Annual Meetings

The UAE Ministry of Finance participated in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held from 27 to 30 April 2024 in Riyadh, KSA. This year’s annual meetings coincided with the Golden Jubilee of IsDB, marking the Bank’s 50th anniversary since its establishment. The...

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Business & Money | Tuesday 30 April, 2024 11:03 am

Alkhorayef signs SAR 1.7B O&M contract with NWC

Alkhorayef Water and Power Technologies Co. (AWPT) signed a long-term operation and maintenance (O&M) contract with National Water Co. (NWC) to develop sewage treatment plants in Al Ahsa, according to a statement to Tadawul.   The contract will extend for 15 years...

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Business & Money | Monday 29 April, 2024 9:44 am

NEOM seals SAR 10B credit facility deal

NEOM announced it obtained fresh credit facilities worth SAR 10 billion ($2.67 billion), Reuters reported. The credit facility, which is based on the Murabaha structure, aims to support the stages of work progress in the main projects namely The Line, Oxagon, Trojena and Sindalah, Saudi Press...

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