Roshn, Partanna to build carbon-negative concrete facility in KSA
Saudi Arabia’s premier real estate developer Roshn said it has entered into a partnership agreement with Partanna Arabia, a Riyadh-based climate technology company, for joint collaboration on the potential construction of a state-of-the-art carbon-negative concrete production facility. The facility is planned to initially deliver carbon-negative pavers, and has the potential to produce blocks, tile, precast […]
Turki Badhris appointed president of Microsoft Arabia, aiming to spearhead digital transformation
Microsoft has announced the appointment of Turki Badhris as President of Microsoft Arabia. Badhris will be responsible for leading Microsoft’s business in the Kingdom and driving the company’s innovation initiatives to accelerate digital transformation, in line with country’s Vision 2030. Microsoft Arabia operates with three offices, over 200 employees, and a network of more than […]
Hajj minister: 2023 witnessed record number of 13.55 million Umrah pilgrims
Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah announced on Monday that the number of pilgrims who have performed Umrah during the year 2023 reached a record number of 13.55 million. The increase in the number of Umrah pilgrims is estimated at five million or 58 percent while compared to the year 2019, he said. […]
Crown Prince emphasizes peace path restoration for Palestinian rights in Blinken meeting
Crown Prince and Prime Minister Mohammed Bin Salman met on Monday with the US Secretary of State Antony Blinken at the winter camp in AlUla. During the meeting, they reviewed aspects of bilateral relations between Saudi Arabia and the United States, and discussed areas of joint cooperation and ways to develop them to achieve mutual […]
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 […]