Business & Money | Sunday 3 November, 2024 9:30 am

The Sports Boulevard Masterplan has earned the world’s first ActiveScore Platinum Communities Certification.

The Sports Boulevard Foundation has received best-in-class recognition from active travel accreditation ActiveScore – one Platinum Communities Certification for the Sports Boulevard Masterplan and one Platinum Certification for the Global Sports Tower. The Sports Boulevard project aims to...

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Business & Money | Sunday 3 November, 2024 9:21 am

ACWA Power announces financial closing for aggregate USD 62 million for Nukus 1 wind project at FII8

ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, today announced the successful financial closure for senior and subordinated debt facilities worth USD 62 million for a key renewable energy project in Central...

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Business & Money | Friday 1 November, 2024 8:00 am

SNB plans SAR-denominated additional Tier 1 Sukuk issue

Saudi National Bank announced today, Oct. 31, its intention to issue SAR-denominated additional Tier 1 sukuk. In a statement to Tadawul, SNB said it mandated SNB Capital Co. as the sole book-runner, lead arranger, and lead manager for the proposed offer. The purpose of the potential offer ...

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Business & Money | Friday 1 November, 2024 8:00 am

ADES completes acquisition of 2 jack-up rigs in Southeast Asia

ADES Holding Co. acquired two jack-up rigs from Vantage Drilling International Ltd. (Vantage Drilling) in Southeast Asia. The acquisition came after all conditions precedent under the agreements, signed in September, were satisfied, the company said in a statement to Tadawul. In...

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Business & Money | Thursday 31 October, 2024 10:13 am

Celebrating Leadership in Saudi Community Empowerment and Development Zain KSA Wins Gold at CSR 2024

Zain KSA, the leading telecom and digital services provider in Saudi Arabia, announced that it has won the Gold Award in the inaugural edition of the Corporate Social Responsibility (CSR) Award, organized by the Ministry of Human Resources and Social Development. This recognition highlights Zain...

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Business & Money | Thursday 31 October, 2024 10:06 am

TASARU’s Investment in Blacklane Will Accelerate Its Expansion into the Saudi Arabian Market

TASARU Mobility Investments ("TASARU"), a leading investment company wholly owned by the Public Investment Fund ("PIF"), has announced an investment in Blacklane on the sidelines of the 8th Edition of the prestigious Future Investment Initiative ("FII8"). This investment will empower Blacklane to...

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Business & Money | Thursday 31 October, 2024 9:45 am

KOSA Visits Aramco in Saudi Arabia KOSA’s member MegazoneCloud Signs MOU with Saudi Arabia’s leading energy company Aramco

Korea Software Industry Association ("KOSA") has announced that MegazoneCloud, its member, has signed a Memorandum of Understanding (MOU) with Aramco, one of the world’s leading integrated energy and chemicals companies, on October 13, 2024, at the Saudi Accelerated Innovation Lab...

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Business & Money | Wednesday 30 October, 2024 3:03 pm

New Murabba Partners Forum Sets Stage for Ambitious Downtown of the Future

New Murabba, a PIF company, hosted its Partners Forum at the Crowne Plaza RDC in Digital City, Riyadh. The forum inaugural together over 40 senior leaders from various companies and strategic partners to engage in open dialogue and exchange ideas on Saudi Vision 2030 and the future of Riyadh’s...

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Business & Money | Wednesday 30 October, 2024 10:08 am

Cost of energy used in building Kingdom’s data centers cheapest globally: Nasser

The oil market is currently balanced in terms of supply and demand, despite demand being affected by rising interest rates and the economic situation in China, said Saudi Aramco’s President and CEO Amin Nasser. The energy transition depends on the level of economic maturity. Exports to...

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Business & Money | Wednesday 30 October, 2024 9:59 am

ACWA Power signs agreements worth $1.8B

ACWA Power Co. signed four agreements worth $1,784 million (SAR 6,690 million) on the first day of the Future Investment Initiative (FII8) in Riyadh. These agreements encompass key areas such as project financing, renewable energy and storage projects, as well as research and development...

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