Saudi Crown Prince launches strategic office to develop Northern Borders Region
Crown Prince and Prime Minister Mohammed Bin Salman announced on Monday the establishment of the strategic office for the development of Northern Borders Region. The office aims to enhance development in the cities and governorates of the region, improve the quality of life for its residents and visitors through investing in the region’s economic, natural […]
Saudi inflation ticks up to 3.4% in January
Saudi Arabia’s annual inflation rate inched up to 3.4% in January from 3.3% in December, with price rises again driven mainly by housing costs, government data showed on Wednesday. Housing, water, electricity, gas and other fuels, with a 25.5% weight of the consumer basket, the largest category, rose 6.6% from a year earlier. […]
Clarity AI signs MoU with the Saudi Tadawul Group
Clarity AI, a leading global sustainability tech platform, has signed a Memorandum of Understanding (MoU) with the Saudi Tadawul Group to educate companies in Saudi Arabia on sustainability topics. “Our mission is to bring societal impact to markets, and we are thrilled to be in an understanding to do that with the Saudi Tadawul […]
Individuals and showrooms can import cars into Saudi Arabia
Minister of Commerce Majed Al-Qasabi said that there is no truth in reports that Saudi Arabia is restricting the import of cars only to authorized agents. “Individuals and showrooms can also import vehicles,” he said while addressing the periodic government communication press conference here on Monday. The minister said that the repercussions of the […]
Keir wins Qiddiya Water Theme Park project work
Saudi utility services company Keir International has anounced that it has been awarded a SR69 million ($18.3 million) contract for the Qiddiya Water Theme Park project coming up near Riyadh. As per the deal, Keir will provide engineering, design, electrical and communications as well as civil and electromechanical works for the key leisure development, […]
Saudi Arabia’s Plastus seals top prize in LEAP23’s US$1mln Rocket Fuel Startup Pitch Challenge
Saudi Arabia’s Plastus, which produces 100 per cent biodegradable bioplastics through the fermentation of bacteria, scooped the US$250,000 main prize at this year’s LEAP Rocket Fuel Startup Pitch Challenge, powered by Saudi Arabia’s National Technology Development Programme (NTDP), after wowing a star-studded judging panel in Riyadh. Concluding on the final day LEAP23, the world’s […]
Saudi Exchange signs MoU with Saudi Venture Capital Company
The Saudi Exchange signed a Memorandum of Understanding (MoU) with Saudi Venture Capital Company (SVC) on the second day of the annual Saudi Capital Market Forum 2023, held under the patronage of HE. Muhammed El-Kuwaiz, the Chairman of the Capital Market Authority. SVC is a government venture capital firm established in 2018 to […]
Siemens showcases latest breakthroughs at Arab Health 2023
Siemens Healthineers is showcasing at Arab Health 2023 the latest innovations from in-vitro and in-vivo diagnostics to image-guided therapy and innovative cancer care. One of the highlights is the world’s first photon-counting CT, the NAEOTOM Alpha with Quantum Technology, representing nothing less than the total reinvention of computed tomography, offering high-resolution images at minimal dose […]
Air Products is Platinum Sponsor at iktva 2023 Forum and Exhibition
Air Products (NYSE: APD) a world leader in industrial gases and hydrogen megaprojects, is a platinum sponsor of this year’s iktva Forum and Exhibition, taking place between 30th January and 2nd February at the Dhahran Expo Center, Kingdom of Saudi Arabia. The event is held under the patronage of His Royal Highness Prince Saud bin […]
Signings worth $7.2bln at 7th iktva Forum as Aramco Digital Company launched
Aramco signed over 100 agreements and MoU’s, valued at around $7.2 billion to help advance a diverse, sustainable and globally competitive industrial ecosystem at the 7th edition of the In-Kingdom Total Value Add (iktva) Forum and Exhibition. The program achieved 63% local content in 2022, up from 35% in 2015, when iktva was originally launched. The forum, […]