Business & Money | Wednesday 23 April, 2025 11:29 am

Purity signs SAR 3.3M contract with Taqeem

Purity Tech Co. signed on April 22 a VAT-inclusive contract with Saudi Authority of Accredited Valuers (Taqeem) for SAR 3.31 million. The 12-month contract will support Taqeem in the ongoing development and operation of its electronic portal, Purity said in a statement to Tadawul. The...

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Business & Money | Wednesday 23 April, 2025 11:16 am

40 short-listed maritime leaders revealed

The first stage of judging for this year’s Seatrade Maritime News 20Under40 has now been completed, with forty short-listed candidates revealed today. The ultimate aim is to recognize 20 exceptional individuals under the age of 40 who have made significant contributions to global maritime,...

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Business & Money | Wednesday 23 April, 2025 10:23 am

MIS inks SAR 59.9M contract with Health Ministry

Al Moammar Information Systems Co. (MIS) signed a contract worth SAR 59.94 million, VAT inclusive, with the Ministry of Health (General Bureau) for the operation and maintenance of the digital infrastructure of 23 hospitals in the eastern and northern regions. The project is for the operation...

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Business & Money | Wednesday 23 April, 2025 10:16 am

Elm completes acquisition of PIF stake in Thiqah

Elm Co. completed the acquisition of the Public Investment Fund’s (PIF) entire stake in Thiqah Business Services Co., after fulfilling the conditions set out in the share sale and purchase agreement (SPA). In a statement to Tadawul, Elm said that all regulatory procedures related to the...

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Business & Money | Wednesday 23 April, 2025 10:00 am

NWC completes installing main water lines in Diriyah at SR +140m

The National Water Company (NWC) has completed the implementation of two major water supply projects in Al Diriyah Governorate in Riyadh, with a total cost of more than 140 million Saudi Riyals and a total length exceeding 26 kilometers. This is part of the company's continuous efforts to...

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Business & Money | Wednesday 23 April, 2025 9:36 am

ACWA Power secures SAR 750M loan from Alinma Bank for new headquarters

ACWA Power Co. secured a SAR 750 million loan from Alinma Bank to finance the construction of its new headquarters in Riyadh. According to a company statement, the term of the Shariah-compliant financing facility extends over a period of seven years. The new headquarters will be...

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Business & Money | Tuesday 22 April, 2025 3:14 pm

How Custom Tariffs Affect Financial Markets: A Deep Dive into Global Economic Impacts

Custom tariffs—taxes imposed on imported goods—have long played a pivotal role in international trade policy. Whether used to protect domestic industries, retaliate against unfair trade practices, or generate government revenue, tariffs can significantly affect not only trade flows but also...

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Business & Money | Tuesday 22 April, 2025 12:17 pm

HPDC and BRF Break Ground on Major Halal Poultry Facility in Jeddah, Strengthening Saudi Arabia’s Position in the Global Halal Market

In a strategic move to establish an integrated halal ecosystem and advance local industries, Halal Products Development Company (HPDC), a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), in partnership with global food company BRF, has broken ground on a state-of-the-art...

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Business & Money | Tuesday 22 April, 2025 10:56 am

Zoujaj to rebuild, expand Furnace 01 for SAR 58.5M

The board of directors of National Co. for Glass Industries (Zoujaj) approved the expansion and reconstruction project of Furnace 01. The project will extend the furnace’s length from 65.5 meters to 84.5 meters, increasing its production capacity from 210 tons per day to 280 tons per day, at ...

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Business & Money | Tuesday 22 April, 2025 10:53 am

4 govt entities seek to raise investments in Ras Al-Khair: Official

Mahmoud Al-Theeb, CEO of the Royal Commission for Jubail and Yanbu (RCJY), said that four government entities seek to define the target market size and boost investments in the Minerals Industrial City (Ras Al-Khair). According to Al-Eqtisadiah, RCJY steps up effort to attract investments in...

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