KAFD awards contract for latest hospitality project to SAUDICO & ALEC FITOUT
King Abdullah Financial District Development & Management Company (KAFD DMC) has awarded a contract for the complete fitout design and implementation for the district’s latest hospitality destination to the joint venture between SAUDICO and ALEC FITOUT. Marking the occasion with a signing ceremony at KAFD were Gautam Sashittal, Chief Executive Officer at KAFD DMC, and […]
SDAIA strikes MoU with FIWARE to localize technology
The Saudi Data and AI Authority (SDAIA) has signed a memorandum of understanding (MoU) with the FIWARE Foundation in order to localize the technology and adapt it to the local language, culture, regulations, infrastructure, and skills. According to the statement, “Further, it intends to support Arabic interfaces, compatible features, local cloud hosting, and training information-technology […]
Riyadh Air & Sabre partner to elevate its planning efficiency
Riyadh Air, the new national airline of Saudi Arabia that’s shaping the future of flying, has entered into a fundamental collaboration with Sabre Corporation, a leading software and technology provider powering the global travel industry. This strategic partnership underscores Riyadh Air’s commitment to enhancing operational efficiency and driving incremental revenue gains through Sabre’s end-to-end Network […]
NDMC ends February sukuk issuance raising SR7.874 billion
The National Debt Management Center (NDMC) has completed the February 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, with the total funds raised amounting to SR7.874 billion. This issuance has been divided into three distinct tranches to support various maturity profiles. The first tranche of the issuance amounts to SR1.180 billion and […]
Saudi Commerce Ministry extends online services to help foreign firms set up regional headquarters in KSA
Saudi Arabia’s Ministry of Commerce has announced the provision of online services for foreign companies looking to establish regional headquarters in the country after securing a license from the Ministry of Investment. These services encompass issuing regional headquarters as a branch or as a new foreign company, in addition to issuing, amending, and renewing […]
Crown Prince receives Dutch prime minister in Riyadh
Crown Prince and Prime Minister Mohammed bin Salman received Prime Minister of the Netherlands Mark Rutte at the Royal Court of Al-Yamamah Palace in Riyadh on Tuesday. During the meeting, the two leaders reviewed the friendly relations between the two countries. They also discussed the ways to further enhance bilateral cooperation in various fields. A […]
Saudi Arabia approves Law for Protection of Whistle-blowers and Witnesses
The Saudi Council of Ministers on Tuesday approved the Law for the Protection of Whistleblowers, Witnesses, Experts and Victims. The Weekly session of the Cabinet, chaired by Custodian of the Two Holy Mosques King Salman in Riyadh, also approved the regulation of the Saudi Tourism Authority. A few years ago, the Shoura Council approved the draft law […]