Business & Money | Tuesday 14 May, 2024 7:18 am

Sipchem’s affiliate signs agreements to refinance SAR 1.53B outstanding loan

Sahara International Petrochemical Co. (Sipchem) said that its affiliate, Sahara and Ma'aden Petrochemicals Co. (SAMAPCO) signed Islamic facility agreements to refinance its SAR 1.53 billion outstanding syndicated loan with Banque Saudi Fransi and Al Rajhi Bank. These agreements also cover a...

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Environment & Energy | Tuesday 14 May, 2024 7:13 am

ADNOC Drilling secures $1.7 billion contract to unlock UAE’s world-class unconventional energy resources

ADNOC Drilling Company has been awarded, by ADNOC, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. The contract will see Turnwell deliver 144 unconventional oil and gas wells. To service the contract and explore the...

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Business & Money | Tuesday 14 May, 2024 7:10 am

Qualified investors start subscription to 500,000 Horizon Educational shares on Nomu

Qualified investors start today, May 12, subscription to 500,000 shares of Horizon Educational Co., which is scheduled to list on the Nomu-Parallel Market at a price range of SAR 54 per share. Shares offered for subscription represent 20% of the post-IPO capital and 25% of the company’s...

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Technology & IT | Tuesday 14 May, 2024 7:06 am

Cisco Study Reveals 98% of KSA Organizations Uses AI Technologies in their Cybersecurity Strategies to Address the Evolving Threat Landscape

A recent study conducted by Cisco (NASDAQ: CSCO) highlights a significant surge in the use of AI technologies in cybersecurity strategies among KSA organizations. The study indicates that 98% of companies surveyed are integrating AI in their security defenses, mainly in threat detection, response,...

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Business & Money | Tuesday 14 May, 2024 12:37 am

To Accelerate Kingdom-Wide Digital Transformation and Drive Objectives of Saudi Vision 2030:

Riyad Capital has announced the launch of the "1957 Ventures" fund, a closed-end investment fund backed by Riyad Bank to drive transformative growth in Saudi Arabia's FinTech sector, in line with the objectives of Saudi Vision 2030 and the Financial Sector Development Program. The launch of...

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Business & Money | Tuesday 14 May, 2024 12:24 am

Saudi Moving and Logistics Companies Showcase Significant Presence on the Global Stage

 In a new step to strengthen its presence on the international stage, Four Winds Saudi Arabia Limited, Four Winds Saudi Arabia Limited, a Saudi leader in comprehensive and integrated moving and logistics services since 1979, today announced its participation as a Principal Sponsor at the 2024...

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Government | Monday 13 May, 2024 1:20 pm

Dubai Customs Secures Prestigious ISO Certification for Unwavering Business Continuity amidst Crises

Dubai Customs has been awarded a Business Continuity Certificate according to ISO 22301:2019 standards, owing to its established mechanisms for ongoing institutional resilience enhancement. This endeavor aims to ensure the sustained provision of business operations and services with optimal...

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Technology & IT | Monday 13 May, 2024 1:05 pm

HONOR Prioritizes Environmental Care & Sustainability in Manufacturing the HONOR Magic V2

In a time where environmental awareness is crucial, HONOR shines as a symbol of eco-consciousness in smartphone production. Through the development of the HONOR Magic V2, the company has made substantial efforts to reduce its environmental impact while enhancing user satisfaction. Here's how HONOR...

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Business & Money | Monday 13 May, 2024 12:58 pm

NHC partners with CMEC to build 20,000 housing units

The National Housing Co. (NHC) signed an agreement with China Machinery Engineering Corp. (CMEC) to construct 20,000 housing units in the suburbs and neighborhoods developed by the former. Majid Al-Hogail, Minister of Municipal, Rural Affairs, and Housing and Chairman of the Housing Program...

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Environment & Energy | Monday 13 May, 2024 12:40 pm

Mubadala Energy announces second consecutive significant gas discovery in South Andaman, Indonesia

Mubadala Energy, the international energy company headquartered in Abu Dhabi and the operator of the South Andaman Gross Split PSC, today announced another substantial gas discovery from the Tangkulo-1 Exploration well, drilled in South Andaman, about 65 kilometres offshore North Sumatra,...

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