Ministry partners with NEOM to boost energy innovation
In a strategic move to advance the energy sector, the Saudi Ministry of Energy led by Prince Abdulaziz bin Salman and NEOM, represented by CEO Eng. Nadhmi Al-Nasr, have formalized a memorandum of understanding (MOU) in Riyadh. The agreement aims to bolster collaboration in the energy field, focusing on the development of cutting-edge technologies. The […]
Saudi Crown Prince receives US senators at winter camp in AlUla
Saudi Crown Prince and Prime Minister Mohammed Bin Salman received several members of the United States Senate Intelligence Committee at his winter camp in AlUla on Saturday. The meeting included Senator Mark Warner, chairman of the Senate Intelligence Committee, Senator Angus King of Maine, Senator John Cornyn of Texas, Senator Kirsten Gillibrand of New York, […]
Saudi Exchange launches TASI50 Index, tracking Top 50 market cap companies
The Saudi Exchange Company has announced the launch of the TASI50 Index as of Sunday, Jan. 7, 2024. This newly introduced TASI50 Index is designed to track the performance of the top 50 companies by total market capitalization listed on the Saudi Exchange. The constituents of this index represent 90% of the free float market […]
Maximum fine of SR5 million for violation of LPG Distribution Law
The Ministry of Energy has presented a draft table of violations for the activities related to the Distribution Law of dry gas and liquified petroleum gas (LPG) for residential and commercial purposes. A maximum fine of SR5 million will be imposed on those who commit violation of the provisions of the law. The table of […]
American Express Saudi Arabia expands ATM network with Alrajhi bank
American Express Saudi Arabia, the joint venture between Amex and Saudi Investment Bank, has signed a strategic agreement with Alrajhi Bank allowing its Cardmembers to access the ATM terminals of the latter for cash withdrawals. With the formalization of the agreement, American Express has added more than 4,500 ATM terminals to its growing network, enabling […]
Saudi’s Impact46 unveils new futuristic logo & branding
Impact46, a Capital Market Authority (CMA)-authorized asset management and advisory that focuses on alternative Saudi Arabian investment opportunities, has unveiled its new logo and branding. The company’s new logo reiterates the company’s focus and commitment to the market and marks the launch of even more community initiatives that support the entrepreneurial ecosystem. Looking toward the […]
Emerson selects Saudi Amana to build its hub in SPARK
Saudi Amana Group, a leading construction company, has been selected by Emerson to construct its industrial manufacturing hub at the King Salman Energy Park (SPARK) in Saudi Arabia. This landmark project represents one of the largest investments by Emerson, a global automation technology and software company, in the Middle East and Africa region and underscores the […]
Saudi Arabia issues RFPs for Jubail 4 & 6 desalination project
Saudi Water Partnership Company (SWPC) has announced that request for propsals (RFPs) have been issued to the pre-qualified bidders for Jubail 4&6 Independent Water Project (IWP) which boasts a total capacity of 600,000 cu m/day. The project, which will be designed using Reverse Osmosis seawater desalination technology, is set for commercial operations in Q3 2027. […]
Mawani’s $3bn projects cement Saudi leadership in logistics
Saudi Ports Authority (Mawani) strengthened the maritime and logistics sectors, contributing to the kingdom’s exceptional leaps in international indicators and solidifying its position as a global logistics center. In the logistics efficiency index by the World Bank, the Kingdom climbed 17 ranks to reach the 38th position out of 160 countries, said a statement from […]
Newly appointed emir of Madinah and 5 deputy emirs take oath before King Salman
Newly appointed Emir of Madinah Prince Salman bin Sultan and five deputy emirs of various regions took the oath of office in front of Custodian of the Two Holy Mosques King Salman at Irqah Palace in Riyadh on Wednesday. The swearing-in ceremony, which followed the issuance of a series of royal orders appointing them to their new […]