Rize aims to boost Saudi Arabia’s rental sector
The rent now, pay later sector in Saudi Arabia is poised for considerable expansion, with startup Rize set to enhance the industry’s efficiency. Given the substantial down payment required for tenants to secure a rental property in the Kingdom, the company is seeking to foster greater sustainability within the sector. Established in 2021 by Ibrahim […]
UAE, Saudi Arabia ranked as leading global entrepreneurial ecosystems
The UAE and Saudi Arabia have been ranked first and third respectively in the Global Entrepreneurship Monitor report for 2023-2024. The report, which assesses the entrepreneurial ecosystems of countries worldwide, is highly regarded by international bodies such as the World Bank, International Monetary Fund and various UN organizations, Saudi Arabia showed significant progress in its […]
Saudi foreign minister holds call with Palestinian PM Mustafa
Saudi Arabia’s foreign minister Prince Faisal bin Farhan held a phone call on Saturday with the Prime Minister of Palestine and Minister of Foreign Affairs Mohammed Mustafa, Saudi Press Agency reported. Prince Faisal congratulated Mustafa on his appointment to form the Palestinian government, and on assuming the position of Minister of Foreign Affairs. The prince also wished success […]
Lebanese prime minister leaves after Saudi visit
Lebanese Prime Minister Najib Mikati concluded his visit to Saudi Arabia on Saturday after completing his Umrah rituals in Makkah. He was seen off King Abdulaziz International Airport by Jeddah Gov. Prince Saud bin Jalawi and the consul general of Lebanon in Jeddah, Walid Minkara, as well as a number of officials. Mikati arrived in […]
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 […]