Business & Money | Wednesday 22 November, 2023 3:11 pm

Raha closes round of pre-Series A funding at USD 7 million, led by Soor Capital and eWTP Arabia Capital

Raha, Kuwait’s fast-growing logistics tech company, recently announced the successful completion of its pre-Series A funding round. Led by Soor Capital and PIF-backed Private Equity Fund, eWTP Arabia Capital, this latest investment brings up the total raised by the ambitious tech start-up to USD...

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Business & Money | Wednesday 22 November, 2023 3:09 pm

DAMAC Celebrates Successful Participation at WETEX 2023

The Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) wrapped up a successful 25th edition at Dubai World Trade Centre. Local and international specialists in energy, water, sustainability, green technologies, renewable and clean energy, green buildings,...

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Business & Money | Wednesday 22 November, 2023 3:07 pm

NEOM named as Principal Sponsor of the Red Sea International Film Festival and Red Sea Souk

The Red Sea Film Foundation today announced NEOM will be the Principal Sponsor of the Red Sea International Film Festival (RSIFF), ahead of the event’s third edition beginning on 30 November in Jeddah, Saudi Arabia. The partnership, which includes the powering of key components of the festival...

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Business & Money | Wednesday 22 November, 2023 9:33 am

EY hosts tax seminars to support businesses in Saudi Arabia to navigate evolving tax landscape

EY held its KSA Annual Tax and Zakat Seminar 2023 in Riyadh, Jeddah, and Al Khobar with the aim of guiding Saudi businesses as they navigate the Kingdom of Saudi Arabia’s evolving tax landscape. The latest edition of the event provided an overview of the major developments in the Saudi tax system ...

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Business & Money | Wednesday 22 November, 2023 9:31 am

du ICT & Dell Technologies collaborate to provide end-to-end security services for UAE customers

du, from Emirates Integrated Telecommunications Company (EITC), today announced a strategic collaboration with Dell Technologies marking the beginning of a Memorandum of Understanding (MoU) specifically focused on delivering comprehensive Information Security services to customers in the UAE. By...

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Business & Money | Wednesday 22 November, 2023 9:22 am

Bahri Line Recognized with ‘Supplier Spirit of Alliance Award’ at General Electric Onshore Wind Supplier Conference in Florida

Bahri Line, a subsidiary of Bahri, the national shipping company of Saudi Arabia and a global leader in logistics and transportation, has bagged the prestigious ‘Supplier Spirit of Alliance Award’ at the 2023 General Electric Onshore Wind Supplier Conference and Awards. Held at the Hilton...

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Business & Money | Wednesday 22 November, 2023 9:05 am

RAKEZ and RAK Customs Department sign ‘Top 10’

Ras Al Khaimah Economic Zone (RAKEZ), in collaboration with the Ras Al Khaimah (RAK) Customs Department, co-hosted a special dinner event to RAKEZ clients hailing from critical industries including trade, F&B, manufacturing, and vehicle armor. This exclusive event was designed to offer...

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Business & Money | Wednesday 22 November, 2023 9:02 am

TAM signs SAR 13M contract with CST

TAM Development Co. signed on Nov. 21 a project contract with the Communications, Space and Technology Commission (CST) at a total value of SAR 12.98 million, inclusive of VAT.   Under the 12-month contract, TAM will provide consultancy services and digital solutions for CST, the...

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Business & Money | Wednesday 22 November, 2023 8:59 am

MBC Group gets CMA nod to float 33.3 mln shares in IPO on TASI

The Capital Market Authority (CMA) approved an application from MBC Group to sell 33.25 million shares, representing 10% of its capital, in an initial public offering (IPO) on the Saudi Exchange (Tadawul).   The prospectus will be published ahead of the planned share sale, the market ...

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Business & Money | Wednesday 22 November, 2023 8:58 am

NDMC closes November issuance of Sukuk program at SAR 2.7 bln

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for November 2023, under the Saudi Arabian Government SAR-denominated Sukuk Program.   The total amount allocated stood at SAR 2.667 billion, NDMC said in a statement today, Nov....

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