Business & Money | Thursday 27 June, 2024 9:56 am

Al Hilal Bank Launches Instant Digital Shariah-compliant Subscription Service for Initial Public Offerings

Al Hilal Bank, a subsidiary of the ADCB Group and a progressive Islamic digital bank, has signed an agreement with the Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, to offer instant subscriptions to all Shariah-compliant Initial Public Offerings (IPOs) on...

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Business & Money | Thursday 27 June, 2024 7:55 am

First Mills inks SAR 150M financing deal with SIDF

First Mills Co. signed on June 25 a SAR 150 million financing facility agreement with the Saudi Industrial Development Fund (SIDF) to refinance working capital, boost business operations and enhance expansions and growth, according to a statement to Tadawul.The facility will extend for 24 ...

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Business & Money | Wednesday 26 June, 2024 2:34 pm

Emirates NBD and Jarir Bookstore Sign Memorandum of Cooperation to enhance customer experience for clients.

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, have announced the signing of a cooperation agreement with Jarir Bookstore, aimed at enhancing the customer experience by offering exclusive services and benefits to their clients. This...

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Environment & Energy | Wednesday 26 June, 2024 2:28 pm

Saudi Aramco tops global companies by proved oil, gas reserves

Saudi Arabian Oil Co. (Saudi Aramco) topped by a significant margin the list of the world's largest oil companies in terms of proven reserves in 2022, according to data collected by Statista from company reports. Saudi Aramco's oil and gas reserves are estimated at around 259 billion barrels...

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Environment & Energy | Wednesday 26 June, 2024 2:27 pm

Industry ministry: Maaden, AMAK among 6 winners in 5th mining competitions

The Ministry of Industry and Mineral Resources announced today that six companies won the fifth round of mining competitions. The ministry stated on the messaging platform X that Saudi Arabian Mining Co. (Maaden) and Almasane Alkobra Mining Co. (AMAK) were among the winners. The mining...

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Technology & IT | Wednesday 26 June, 2024 1:14 pm

HONOR Unveils Industry's First AI Defocus Eye Protection and AI Deepfake Detection

Global technology brand HONOR today revealed two industry-leading on-device AI innovations created to empower individuals and introduce a new level of user safety. During its keynote at MWC Shanghai 2024, titled “The Human-AI Synergy: Intelligent Devices Will Empower People Better,” HONOR...

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Business & Money | Wednesday 26 June, 2024 10:04 am

TVM Capital Healthcare Announces USD 35 Million Investment into Boston Oncology Arabia

 TVM Capital Healthcare, an international healthcare expansion and growth capital firm, today announced a USD 35 million investment in Boston Oncology Arabia, a bio-generic drugs manufacturing company based in the Kingdom of Saudi Arabia. From its headquarters in Riyadh and production facility ...

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Business & Money | Wednesday 26 June, 2024 9:52 am

SEDD, Huawei exchange technological solutions

Hamad Ali Abdalla Al Mahmoud, Chairman of Sharjah Economic Development Department (SEDD), received a delegation from Huawei Technologies Co. headed by Wharton Huang, Head of Government and International Cloud. The meeting aimed to enhance collaboration in modern technology following the visit...

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Business & Money | Wednesday 26 June, 2024 9:17 am

CMCER, Johns Hopkins Aramco Healthcare sign SAR 16.5M contract

7Canadian Medical Center Co. (CMCER) signed a contract with Johns Hopkins Aramco Healthcare (JHAH) to operate nine medical clinics, worth SAR 16.5 million. The company said in a statement on Tadawul that the 24-month contract was awarded and signed on June 20. The contract is...

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Business & Money | Wednesday 26 June, 2024 9:14 am

Musharaka Capital liquidates Majediah Real Estate Fund I, achieving returns of 56%

In a new exceptional milestone, Musharaka Capital announced the termination and liquidation of the Majediah Real Estate Fund I, which includes two projects: Majediah 122, located in King Salman district, neighborhood, and Majediah 134 located in the Al-Izdihar district, Riyadh, With [GA1] a...

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