Business & Money | Sunday 19 May, 2024 10:49 am

Aramco signs 3 MoUs with American companies to advance development of lower-carbon energy solutions

The Saudi Arabian Oil Company Aramco today announced the signing of three Memoranda of Understanding (MoUs) with leading American companies to advance the development of potential lower-carbon energy solutions. The MoUs were signed in the presence of Minister of Energy for the Kingdom of Saudi ...

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Business & Money | Sunday 19 May, 2024 10:47 am

Hamdan bin Mohammed inaugurates Dubai AI Campus cluster at DIFC Innovation Hub

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai and Chairman of the Higher Committee for Future Technology and Digital Economy, today inaugurated the Dubai AI Campus cluster at the Innovation Hub, Dubai International Financial ...

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Business & Money | Sunday 19 May, 2024 10:32 am

Zain KSA Secures SAR 1.625 Billion Supplier Financing from Al Rajhi Bank

Zain KSA, the leading provider of communications and digital services in the Kingdom of Saudi Arabia, announced the signing of a supplier financing agreement worth SAR 1.625 billion with Al Rajhi Bank to invest in expanding its 5G network and strengthening its infrastructure to support the business ...

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Business & Money | Sunday 19 May, 2024 10:30 am

New Murabba: A Destination for the Future Saudi of Urban Development

New Murabba – a PIF company - one of the leading players in Saudi Arabia's giga-project landscape, solidified its commitment to shaping the future of Riyadh and global urban development at the recently concluded MENA Construction Summit Saudi Giga Projects 2024. The summit offered a...

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Business & Money | Sunday 19 May, 2024 10:11 am

Klaim, Tharwat Tuwaiq ink MoU to launch SAR 50M fund to support small, medium-sized clinics

Klaim for Information Technology, has signed a new strategic memorandum of understanding with Tharwat Tuwaiq Financial Company. The MoU aims to support small and medium-sized clinics by providing them with a new venue for financial sustainability, while concurrently enhancing access to healthcare...

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Business & Money | Saturday 18 May, 2024 7:18 am

GEA licenses 1,673 entertainment activities in Q1 2024

The General Entertainment Authority (GEA) issued more than 1,673 entertainment licenses in the first quarter of 2024, an increase of 28% compared to the same period of 2023.   In a statement, the authority said the licenses included all entertainment and support activities, namely...

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Business & Money | Saturday 18 May, 2024 7:08 am

Saudi Arabia aims to boost investment in manufacturing sector: Official

The Ministry of Industry and Mineral Resources seeks to increase investment in the manufacturing sector and tap the rapid growth in the Kingdom, said Khalil bin Salamah, Deputy Minister for Industry Affairs.   In a statement, bin Salamah added that the ministry seeks to maximize...

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Business & Money | Saturday 18 May, 2024 7:07 am

Saudi Arabia bans imports from 20 automakers

he Saudi Standards, Metrology and Quality Organization requested the Saudi Ports Authority (Mawani) to ban the entry of imports from 20 automakers to the Kingdom.  The move was taken after the automakers failed to submit the 2024 supply plan within the specified time, Mawani said in a...

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Business & Money | Saturday 18 May, 2024 7:04 am

GACA eyes establishing six new general aviation airports

The General Authority of Civil Aviation (GACA) is working to establish six new general aviation airports in the Kingdom, to bring the total number to 15 by 2030, Al Arabiya TV reported, citing GACA President Abdulaziz Al-Duailej.   Liquidity will be injected into the infrastructure...

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Business & Money | Saturday 18 May, 2024 6:33 am

Almarai signs five agreements with international companies worth more than 500 million SR. at the Middle East Poultry Exhibition

As part of its expansion investment strategy, Almarai has signed five agreements with five leading global poultry companies worth over 500 million Saudi riyals. The aim is to expand poultry production and increase the company's market share in the sector, which currently stands at over 250 million...

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