Minister of Finance, Mohammed Al-Jadaan, said that implementing effective fiscal policies is crucial to enhance resilience and sustainability amid the challenges facing the global economy. Saudi Arabia reaffirms its continuous support for the financial programs provided by the...
Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), stated that continued reforms and investments in Saudi Arabia have a positive impact on growth, economic activity, and job creation. In an interview with Al Arabiya at the ...
View United Real Estate Development Co.’s board of directors decided, on April 17, to appoint Al-Nefaie Investment Group as the market maker for its shares, according to a statement to Tadawul. The decision, subject to approval from the relevant authorities, aims to support...
France-based global rail transport company Alstom signed a contract to upgrade the Innovia automated people mover (APM) system at the King Abdulaziz International Airport (KAIA), Jeddah, according to a company statement. Under the contract, Alstom will provide design, engineering,...
The Saudi banking sector is expected to achieve a year-on-year (YoY) growth rate of 8-9%, during the first quarter of 2024, buoyed by increased lending activity, enhanced profit margins, and steady deposit costs, Iyad Ghulam, Head of Equity Research at SNB Capital, told Argaam. In his...
DMB (Ducab Metals Business), committed to leading the “hard to abate” aluminium industry into the green economy, today announced the launch of its Green Aluminium Rod offering to its metals portfolio which will be in compliances to EU’s CBAM regulation. DMB uses recycled aluminium to...
As the malware development market continues to flourish with new stealers such as Lumma, for the last three years Redline still remains the dominant data-stealing malware used by cybercriminals. More than half of every device (55%) targeted by password-stealer attacks in 2023 has been infected with ...
Sure Global Tech Co. signed, on April 17, a project contract with a legal entity to build, develop and operate an electronic platform at a total value of SAR 94.17 million, including value-added tax (VAT). The contract has a term of three years, the company said in a statement to Tadawul,...
Allianz Saudi Fransi Cooperative Insurance Co. (Allianz SF) received a notice from Allianz SE on selling its entire shares in the Saudi-listed insurer to Abu Dhabi National Insurance Co. (ADNIC), according to a statement to Tadawul. Allianz SE offloaded 30.6 million shares at a weighted price...
National Co. for Glass Industries (Zoujaj) said today, April 16, that the sixth glass container production line will cost SAR 46.6 million and is expected to be completed in December 2024. The expected financial impact of the project will appear starting in the first quarter of 2025. It...