Kamco Invest Saudi partners with Flexam to introduce European leasing opportunities
Saudi investors will gain access to Shariah-compliant leasing opportunities in Europe’s logistics and transportation sectors following a partnership between Kamco Invest and Paris-based Flexam Invest. The Saudi arm of Kamco Invest, a Kuwait-based non-banking financial powerhouse, signed a memorandum of understanding at its regional headquarters in Riyadh with the European asset financing firm specializing in […]
ROSHN enhances data security with Commvault’s cutting-edge technology
ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has signed a comprehensive Memorandum of Understanding (MoU) with Commvault, a leading provider of cyber resilience and data protection solutions for hybrid cloud organizations. The MoU will grant ROSHN access to Commvault’s market-leading enterprise technology, strategies, and resources, equipping the Group with […]
TAQA & JERA to develop steam & power cogeneration plant in Saudi Arabia
Abu Dhabi National Energy Company (TAQA), and JERA Co., Inc, Japan’s largest power generation company, have entered into a Power and Steam Purchase Agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture company owned by Saudi Arabian Oil Company (Saudi Aramco) and TotalEnergies. They will develop a greenfield industrial steam and […]
Mawani adds ‘RGI’ shipping service to Jeddah Islamic Port
The Saudi Ports Authority (Mawani) has announced the addition of a new service dubbed ‘RGI’ by Unifeeder to Jeddah Islamic Port, establishing a vital connection between the Kingdom and Indian ports. The RGI service aims to support trade between the two countries and contribute to providing fast and secure solutions for exporters and suppliers. Further, […]
Stc Group completes 2nd phase of its ‘Smart Bus’ initiative
Saudi Arabia’s stc Group, an enabler of digital transformation, has announced the successful completion of the second phase of its ‘Smart Bus’ initiative. The ‘Smart Bus’ initiative has made its final stop in the northern regions of the Kingdom, in partnership with international tech giant Huawei. Further, the initiative is part of the Group’s commitment […]
Sadeer Contracting expands to KSA to boost its tourism sector
AstroLabs, a leading business expansion platform in the Gulf, has expanded Sadeer General Trading & Contracting Company to Saudi Arabia to drive development in the kingdom’s tourism and manufacturing sectors. This strategic collaboration arrives at an opportune moment, with Saudi Arabia intensifying its manufacturing and tourism projects as a core part of its ambitious national […]
Saudi Arabia aiming to be a top 10 global tourist destination in 2024: minister
Saudi Arabia aspires to rank among the top 10 most successful countries in tourism this year, says the sector’s minister. Speaking during the Manafea Forum in Madinah, Ahmed Al-Khateeb outlined that the Kingdom is equipped with the capabilities and requirements to achieve this milestone, according to a statement by the ministry. He demonstrated this fact […]
Saudi Cabinet welcomes UN’s ceasefire resolution on Gaza
Saudi Arabia’s Cabinet on Tuesday reiterated the Kingdom’s backing of the UN Security Council resolution calling for an immediate ceasefire in Gaza during the Muslim holy month of Ramadan. On Monday, and for the first time in 170 days of the war in Gaza between Israel and Hamas, the UN Security Council demanded an immediate […]
Closing Bell: TASI slips for 3rd consecutive day as market turnover hits $2.65bn
Saudi Arabia’s Tadawul All Share Index slipped for the third consecutive day on Tuesday, losing 71.40 points to close at 12,585.54. The total trading turnover of the benchmark index was SR9.94 billion ($2.65 billion), with 37 of the listed stocks advancing and 191 declining. On the other hand, Saudi Arabia’s parallel market, Nomu, also shed […]
Saudi Arabia launches Digital Transformation Index 2024 amid e-government growth
The latest edition of a framework designed to enhance e-government services and accelerate digital innovation in Saudi Arabia has been launched. The Digital Transformation Index for 2024 seeks to elevate the commitment levels of the public sector to decisions and directives concerning technological evolution. Additionally, it aims to improve the quality of e-government services offered […]