Established in 1935, the Moscow Metro now spans over 550 kilometers and serves 8 million passengers daily, marking its 90th anniversary with exhibitions and digital innovation. Moscow – The Moscow Metro has reached its 90th year of operation, marking a significant milestone for one of the...
Riyadh, Saudi Arabia – The Moscow City Tourism Committee is continuing its Middle East tour with the latest stop in Saudi Arabia designed to reinforce its commitment to long-term partnerships in the region and deepen engagement with Saudi travelers.Saudi travelers are showing growing interest in...
Home-grown tech companies bringing new solutions to regional business challengesIn the midst of global uncertainty, Dubai is emerging as a safe haven for innovators and start-up investors in the tech industry, according to experts at a recent business briefing hosted by the British Chamber of...
Alinma Bank plans to issue USD-denominated additional Tier 1 (AT1) sukuk, following a May 5 board resolution authorizing the CEO to take all necessary steps to execute the issuance. In a statement to Tadawul, the bank said the sukuk will likely be issued through a special purpose vehicle...
Saudi Arabia’s Public Investment Fund (PIF) has deployed $85 billion in Europe between investments and procurements from 2017 to 2024, said Governor Yasir Al-Rumayyan at the FII Priority Summit. The fund anticipates these investments to grow to $170 billion by...
ADES Holding Co. renewed on May 18 the contract for one of its offshore platforms with Saudi Aramco for a period of 10 years, at an estimated cumulative value of SAR 1.61 billion ($429 million). The contract renewal will significantly enhance revenue visibility and support the...
Arabian Internet and Communications Services Co. (solutions) signed several contracts with stc, a related party, to implement a project for upgrading IT infrastructure and cloud partnerships, in addition to a project for renewing Oracle software licenses. The...
Perfect Presentation for Commercial Services Co. (2P) secured a SAR 60.6 million contract, inclusive of VAT, from the Saudi Red Crescent Authority to supply and implement computer equipment and digital infrastructure across its affiliated sites. In a statement to Tadawul, 2P said the project...
Saudi Ground Services Co. (SGS) signed two Shariah-compliant bank facilities agreements with Saudi National Bank (SNB) and Banque Saudi Fransi (BSF) up to SAR 550 million and SAR 300 million, respectively. The funds can be drawn when needed, SGS said in a statement to Tadawul. SNB...
EDGE, one of the world's leading advanced technology and defence groups, announced that its entity, BEACON RED, signed a Memorandum of Understanding (MoU) with Barricade AI, the US-based provider of artificial intelligence (AI)-driven public safety solutions, at the World Police Summit, held in...