Business & Money | Monday 12 April, 2021 12:31 am

How new spectrum release is paving the way for future broadband connectivity in the Kingdom of Saudi Arabia

The Kingdom of Saudi Arabia (KSA) is currently one of the leading countries in the world in terms of Mobile Broadband quality. This is a direct result of the reformative spectrum policies adopted by the Communications and Information Technology Commission (CITC) over the recent years. By making...

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Business & Money | Sunday 11 April, 2021 9:18 am

Alkhair Capital becomes first Saudi financial institute with offices in KAFD

Alkhair Capital, a leading Riyadh-based, Shariah-compliant financial institute, announced Saturday the move of their offices to King Abdullah Financial District (KAFD). Alkhair Capital is a CMA-authorised financial institute, established in 2009 in Riyadh. Today, Alkhair Capital has around...

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Business & Money | Sunday 11 April, 2021 12:05 am

Saudi Aramco Signs $12.4 Billion Infrastructure Investment Deal with EIG-Led Consortium

Saudi Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network. Upon closing, Saudi...

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Business & Money | Friday 9 April, 2021 12:00 pm

Public Investment Fund (PIF) reaches major milestone in landmark Solar PV project

The Public Investment Fund (“PIF” or “Fund”) announced today a major milestone in its renewable energy program with the launch of the Sudair Solar PV plant in Sudair Industrial City, with a PIF-backed consortium signing a power purchase agreement with the Saudi Power Procurement Company for ...

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Business & Money | Thursday 8 April, 2021 9:33 am

Aramco participates in the launch of Altamayyuz Academy

Aramco Wednesday announced its creation and participation in the launch of Altamayyuz Finance and Accounting Excellence Academy, a first-of-its-kind collaboration between leading accountancy firms and investment banks which establishes a center of excellence for finance and accounting. The...

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Business & Money | Thursday 8 April, 2021 9:29 am

More than 850 companies apply for ‘Made in Saudi’ program

More than 850 companies have applied to join the ‘“Made in Saudi” program, the Saudi Press Agency reported.   Faisal Al-Bedah, the secretary-general of the Saudi Export Development Authority, on Wednesday addressed aspects of the program during a virtual meeting organized by the...

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Business & Money | Thursday 8 April, 2021 9:15 am

SIRC, SABIC Join Hands to Realize Saudi Vision 2030 Objective of Circular Economy

Saudi Investment Recycling Company (SIRC), a wholly owned subsidiary of Saudi Public Investment Fund (PIF), signed a Memorandum of Understanding (MoU) with SABIC, a global leader in diversified chemicals, to help SIRC set up its first chemical recycling project to enable the use of recycled plastic ...

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Business & Money | Thursday 8 April, 2021 9:10 am

Muheel launches app-based maintenance service in Saudi Arabia

 Saudi Arabia-based integrated facilities management organization, Muheel, which is jointly owned by Al Muhaidib Group and Abdul Latif Jameel, has launched YellaFix, a self-delivered home maintenance service powered by a mobile app that enables customers to book services remotely from their...

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Business & Money | Wednesday 7 April, 2021 3:15 pm

The Saudi Stock Exchange (Tadawul) Announces Its Transformation into A Holding Company (Saudi Tadawul Group) In Preparation for IPO

The Saudi Stock Exchange (Tadawul) today announced its transformation into a group structure, and reinforcing its capabilities in technology innovation.  This transformation marks a new chapter in the Group's history and signals its readiness for the IPO in 2021. The Saudi Tadawul Group,...

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Business & Money | Wednesday 7 April, 2021 10:25 am

SAL & Emirates SkyCargo Sign Ground Handling Agreement

The Saudi Arabian Logistics company SAL has announced the signing of Cargo Ground Handling agreement with the pioneer air cargo company, Emirates. This signing comes under the company’s strategy to logistically partner with the most reputed airlines with strong presence in the international...

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