Business & Money | Tuesday 2 July, 2024 8:52 am

ACWA Power inks SAR 1.4B financing deals for Tashkent's Riverside power plant

ACWA Power Co. said that ACWA Power Riverside Solar Energy Holding signed today, July 1, financing agreements worth SAR 1.4 billion with a consortium of development finance institutions, funds and international commercial lenders, according to a Tadawul statement.   The consortium...

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Environment & Energy | Tuesday 2 July, 2024 8:46 am

Saudi Arabia announces new oil, natural gas discoveries in Eastern Province, Empty Quarter

Saudi Arabia announced today the discovery of new oil and natural gas fields in the Eastern Province and the Empty Quarter, announced Minister of Energy Prince Abdulaziz bin Salman "Saudi Aramco has discovered two unconventional oil fields, one Arabian light oil reservoir, two natural gas fields,...

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Business & Money | Monday 1 July, 2024 8:53 am

adwa REIT Saudi sells Dammam tower for SAR 190M

adwa Investment Co., the fund manager of Jadwa REIT Saudi Fund, signed today, June 30, an agreement to sell Al Yaum Tower, which is located on King Fahad Road in Dammam, for SAR 190 million (excluding real estate transaction tax), the company said in a statement to Tadawul. This came after...

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Business & Money | Sunday 30 June, 2024 9:31 am

Dallah Healthcare signs SAR 690M contract for Al-Arid Hospital construction

Dallah Healthcare Co. signed on June 27 a contract for construction, electromechanical and finishing works of Al-Arid Hospital with Youssef Marroun Contracting Co. at a total value of SAR 690 million. The contract, which is valid for 24 months, was inked after the completion of the excavation...

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Environment & Energy | Saturday 29 June, 2024 12:57 pm

ACWA Power says 3 PV power plants to cost SAR 1.6B: MD

ACWA Power’s Vice Chairman and Managing Director, Raad Al-Saady, said the construction cost of the three major photovoltaic (PV) solar power projects - Haden, Al-Muwayh, and Al-Khashiby - is nearly SAR 1.6 billion, some of the least expensive in the world.   In an interview with Al ...

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Government | Saturday 29 June, 2024 12:51 pm

ZATCA updates rules of public auction

The Zakat, Tax and Customs Authority (ZATCA) updated the rules of public auction, which aim to regulate the procedures of auctions conducted by the authority in all its land, sea and air customs ports.   The rules also aim to provide a better experience for bidders, through...

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Business & Money | Saturday 29 June, 2024 11:00 am

SAL inks contract with Air China to providing cargo handling services at Saudi airports

SAL Saudi Logistics Services Co. signed a contract with Air China to provide cargo handling services at the Kingdom's airports, the Saudi Press Agency reported.   Under this contract, SAL will provide comprehensive air cargo handling services for Air China, and offer ground...

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Business & Money | Friday 28 June, 2024 1:00 pm

Aramco set to buy 10% stake in Renault-Geely JV: Report

Saudi Aramco is is set to take a stake of about 10% in a powertrain joint venture with Renault SA and China’s Zhejiang Geely Holding Group Co., Bloomberg reported, citing people familiar with the matter.  The transaction is set to value Horse Powertrain Ltd. at around €7.4...

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Business & Money | Friday 28 June, 2024 12:59 pm

Dallah Healthcare, AlJazira Capital set to launch investment real estate fund in Riyadh

Dallah Healthcare Co. plans to sign a joint memorandum of understanding (MoU) with Dallah Real Estate Co., AlJazira Capital and Tatweer to launch an investment real estate fund to appreciate partners’ capital through acquiring land plot and implementing construction development...

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Business & Money | Thursday 27 June, 2024 1:53 pm

Saudi Minister of Finance Concludes his Participation in OPEC Fund Development Forum and Ministerial Meeting

His Excellency the Saudi Minister of Finance, Mr. Mohammed bin Abdullah Aljadaan, concluded his participation in the OPEC Fund Development Forum and Ministerial Meeting, which was held June 25-26, 2024 in Vienna, Austria. During the meeting Minister Aljadaan described Saudi Arabia’s efforts...

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