Business & Money | Thursday 22 May, 2025 9:13 am

GE Vernova announces initiatives worth up to $14.2 billion during President Trump’s state visit to accelerate Saudi Arabia’s energy transition with U.S. technology and expertise

In the presence of HRH Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia and Donald Trump, President of the United States of America, GE Vernova Inc. (NYSE: GEV) announced initiatives worth up to $14.2 billion for its world class...

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Business & Money | Thursday 22 May, 2025 9:11 am

PwC Middle East and sirar by stc certify first cohort of CISO500 leaders, redefining cyber leadership in Saudi Arabia

 PwC Middle East and sirar by stc have successfully concluded the first cohort of training for the CISO500 programme, an exclusive initiative designed to strengthen Saudi Arabia’s cybersecurity capabilities. This five-day intensive training marks a significant milestone in the programme’s...

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Business & Money | Thursday 22 May, 2025 9:07 am

Retal signs SAR 1.4B deal to develop residential units

Retal Urban Development Co. signed a sub-development agreement with the National Housing Co. to develop 995 residential units in Al-Aziziyah district, Al-Khobar, at an estimated value of SAR 1.41 billion, excluding taxes and fees. The contract duration is 42 months from the commencement date...

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Business & Money | Thursday 22 May, 2025 9:07 am

Ruler attends signing of MoU between Ras Al Khaimah and Miami to enhance cooperation across sectors

 His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, today witnessed the signing of a Memorandum of Understanding (MoU) between Ras Al Khaimah and Miami, Florida, with a view to strengthening and promoting exchange and cooperation across a...

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Business & Money | Thursday 22 May, 2025 9:00 am

NWC Bolsters Operations Serving Pilgrims with 18 Projects Worth SAR400 Million

The National Water Company (NWC), represented by the Western Cluster, announced the completion of 18 operational and capital projects in Makkah and the Holy Sites, costing some SAR400 million. The projects are part of the company’s plans to improve the water and environmental services...

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Business & Money | Thursday 22 May, 2025 8:53 am

TAQA Morocco Joins Forces with Moroccan Public and Private Partners for the Accelerated Development of Large-scale Power and Water Projects in the Kingdom of Morocco

Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in Europe, the Middle East and Africa, announced today that its subsidiary  TAQA Morocco Group (“TAQA Morocco”), Morocco’s leading independent power producer, which is listed on...

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Business & Money | Thursday 22 May, 2025 6:45 am

Salaam Cola Partners With Charities to Fund Schools, Orphan Care, and Medical Aid Across Conflict Zones

Salaam Beverages Co. Limited, the ethical soft drink company behind Salaam Cola, has expanded its global humanitarian efforts by forming new partnerships with local and international charities. These collaborations have already supported more than 10,000 refugees and led to the creation of multiple ...

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Business & Money | Wednesday 21 May, 2025 11:24 am

Sinad signs SAR 400M agreement to renew, upsize bank facilities with SAIB

Sinad Holding Co. signed a SAR 400 million Shariah-compliant bank facility agreement with Saudi Investment Bank (SAIB), renewing and upsizing its existing financing, the company said in a statement to Tadawul.The deal includes the renewal of a SAR 200 million short-term facility, available on...

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Business & Money | Wednesday 21 May, 2025 11:11 am

Saudi German Health awarded SAR 47.3M contract by Health Ministry

Middle East Healthcare Co. (Saudi German Health) won a SAR 47.3 million contract with the Ministry of Health (General Bureau), entailing the medical operation of the Mina Emergency Hospital 2 project, according to a statement to Tadawul today, May 20. Under the contract, Saudi German Health...

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Business & Money | Wednesday 21 May, 2025 11:02 am

Alinma Bank issues $500M AT1 sukuk

Alinma Bank completed the issuance of additional Tier 1 (AT1) sukuk worth $500 million. In a statement to Tadawul, the bank said the sukuk will be settled on May 28, 2025. DetailsOffer TypeUS dollar-denominated AT1 sukuk under its AT1 Capital Note ProgrammeOffer Value$500 mlnTarget...

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