Business & Money | Monday 17 February, 2025 10:54 am

Ladun signs SAR 216M credit facility deal with BSF

Ladun Investment Co. signed today, Feb. 16, a Shariah-compliant, mixed-use credit facility agreement valued at SAR 216 million with Banque Saudi Fransi (BSF), the company said in a statement to Tadawul. The five-year facility aims to provide guarantees for a construction contract...

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Business & Money | Monday 17 February, 2025 10:51 am

Dar Al Arkan awarded SAR 4.46B real estate deal in Jeddah

Dar Al Arkan Real Estate Development Co. was awarded on Feb. 16 a real estate deal worth SAR 4.46 billion, including tax and commission, in Jeddah. The developer won the bid through a consortium between Dar Al Arkan, Kenzi Al Arabiya Co. and a group of investors, according to a statement to...

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Business & Money | Monday 17 February, 2025 10:46 am

Keir wins SAR 119.7M project with SEC

Keir International Co. received, on Feb. 16, an award letter from Saudi Electricity Co. (SEC) for a project to replace oil-filled underground cable circuits. According to a statement on Tadawul, the total contract value is SAR 119.73 million, inclusive of a 15% value-added...

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Business & Money | Sunday 16 February, 2025 3:35 pm

Big 5 Construct Saudi kicks off with two-week format, showcasing innovation, sustainability and industry leadership

Big 5 Construct Saudi marks its grand opening today, returning for its 13th edition in a new and expanded format for two-weeks, with the first week running from 15-18 February at the Riyadh Front Exhibition & Conference Center at Roshn Front. With anticipation at its peak, the event is the...

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Business & Money | Sunday 16 February, 2025 11:31 am

Web3 Alliance of Saudi Arabia Launches to Accelerate Blockchain Innovation in the Kingdom

Today marks the official launch of the Web3 Alliance of Saudi Arabia (WASA), a groundbreaking initiative uniting key leaders in blockchain technology and digital innovation to drive the adoption of Web3 technologies in alignment with Saudi Arabia’s Vision 2030, fostering economic diversification...

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Business & Money | Sunday 16 February, 2025 11:27 am

Abu Dhabi facilities expansion for businesses registered in other emirates

The Abu Dhabi Department of Economic Development (ADDED) has introduced new flexibilities to support business expansion and growth across the emirate. New regulations now allow firms registered in other emirates of the UAE, and their respective free zones, to open branches within the emirate of Abu ...

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Business & Money | Sunday 16 February, 2025 11:15 am

SDB Strengthens Support for the E-Gaming and Esports Sector by Expanding Financing Portfolios to reach over 1.350 billion Riyals Through Strategic Agreements During LEAP 2025

In line with its commitment to advancing the digital economy and supporting the goals of the National Gaming and Esports Strategy (NGES) initiated by His Royal Highness the Crown Prince, the Social Development Bank (SDB), in collaboration with the Saudi Esports Federation (SEF) and under the...

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Business & Money | Sunday 16 February, 2025 11:12 am

Nissan Formula E Team and Petromin Forge Landmark Partnership to Drive Electrification and Clean Mobility in Middle East

Following the announcement of a four-year global partnership in October 2024, Nissan Formula E Team and Petromin Corporation celebrated the signing ceremony today in Jeddah – coinciding with the first ever E-Prix to take place in the vibrant City. This collaboration marks a significant step...

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Business & Money | Sunday 16 February, 2025 11:09 am

UAE Begins Mapping Air Corridors for Air Taxis and Cargo Drones to Transform Urban Transportation

The UAE has taken a bold step towards redefining urban transportation with the commencement of air corridor mapping and regulatory framework development for piloted and autonomous air taxis and cargo drones. This transformative initiative marks a major leap forward in the nation’s mission to lead ...

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Business & Money | Sunday 16 February, 2025 10:54 am

Electric Vehicle Market in the UAE Expands Rapidly, Expected to Reach 22.32% Market Share by 2029

In line with the UAE’s commitment to sustainable transportation and environmental sustainability, Smart has announced its dedication to advancing the future of electric vehicles. This initiative aligns with the country’s vision to reduce carbon emissions and promote greener mobility...

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