Business & Money | Monday 20 January, 2025 8:00 am

SPIMACO inks sale, distribution contract for SAR 164.1M annually

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) signed on Jan. 16 a five-year contract with Ibrahim bin Muhammad Al Hadithi International Co. for the sale and distribution of a number of medical products. In a statement on Tadawul, SPIMACO noted the annual value of...

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Business & Money | Monday 20 January, 2025 8:00 am

Sulaiman Al Habib to start ops at Riyadh's Al Hamra Hospital on Jan. 21

Dr. Sulaiman Al Habib Medical Services Group said it obtained on Jan. 17 the Ministry of Health’s final license to operate Al Hamra Hospital in Riyadh. In a statement to Tadawul, the healthcare provider pointed out that the 90-bed capacity hospital will start operations on Jan....

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Business & Money | Monday 20 January, 2025 8:00 am

In 2024, NWC completed 118 projects worth SR +5.5 billion for 1.8 million beneficiaries

The National Water Company (NWC) announced that it has completed 118 water and sanitation projects in 2024 across all regions of the Kingdom at a cost of more than 5.57 billion Saudi riyals, benefiting 1.8 million beneficiaries. During a workshop in Dammam, the company gave an overview of the...

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Business & Money | Monday 20 January, 2025 8:00 am

du announces sponsorship of Global Government Cloud Forum

du, the leading telecom and digital services provider, today announced its partnership with the upcoming Global Government Cloud Forum, set to take place on January 21, 2025, at the Museum of the Future in Dubai. At the event, Fahad Al Hassawi, CEO of du, will deliver an insightful keynote on the...

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Business & Money | Monday 20 January, 2025 8:00 am

KKR and Gulf Data Hub Form Strategic Partnership to Scale One of the Middle East’s Largest Independent Data Center Platforms

 Gulf Data Hub (“GDH” or the “Company”), one of the largest independent data center platforms in the Middle East focused on serving hyperscale demand across the Gulf countries, and KKR, a leading global investment firm, today announced that funds affiliated with KKR will acquire a...

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Business & Money | Monday 20 January, 2025 8:00 am

Azizi Developments' Riviera Beachfront reaches 46% construction milestone

 Azizi Developments, a leading private developer in the UAE, has announced that the construction of Beachfront in Riviera, its French Mediterranean-inspired waterfront community in MBR City, has reached 46% completion.  Beachfront I has achieved 95% of its structural build, with...

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Business & Money | Monday 20 January, 2025 8:00 am

‏Saudi Hospital Performs the World's 1st Artificial Heart Implantation by a Robot

King Faisal Specialist Hospital and Research Centre (KFSHRC) in Riyadh has successfully performed the world’s first robotic-assisted implantation of an artificial heart pump (HeartMate 3) developed by Abbott, a groundbreaking procedure that marks a significant advancement in medical technology...

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Business & Money | Sunday 19 January, 2025 10:40 am

Mayar subsidiary enhances contract with NEOM by SAR 2.3M

Mayar Holding Co. announced a SAR 2.3 million increase, excluding VAT, in the contract value between its subsidiary, Saudi Drip Irrigation Co., and NEOM Co. In a statement to Tadawul, the company noted that this increase represents 8% of the original contract value. It also...

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Business & Money | Sunday 19 January, 2025 10:25 am

M42’s Danat Al Emarat Hospital for Women & Children hosts its first-ever obstetric medicine conference

Danat Al Emarat Hospital for Women & Children, part of the M42 group, recently hosted its inaugural Obstetric Medicine Conference. The groundbreaking event on January 10 attracted nearly 200 attendees eager to learn more about maternal healthcare innovations in the UAE and beyond. Centered...

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Business & Money | Sunday 19 January, 2025 10:21 am

Investors earn record AED60 billion profits from Dubai’s re-sale property market

Investors in Dubai real estate notched up record profits of almost AED60 billion from the re-sale market last year. A report released by fäm Properties today showed the secondary market generated capital gains of AED 59.7 billion in 2024, representing 32% of Dubai’s all-time high total...

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