Business & Money | Wednesday 28 May, 2025 11:34 am

Saudia Recognized for “Business Acceleration and Digital Automation” Innovation Award

Saudia, the national flag carrier of Saudi Arabia, has been recognized as the winner of the Innovation Award in the Business Acceleration and Digital Automation category at the Informatica World 2025, held in Las Vegas, United States. Selected from over 80 global nominations, this prestigious award ...

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Business & Money | Wednesday 28 May, 2025 10:37 am

TDF CEO Visits Major Tourism Projects in the Eastern Province

The Kingdom of Saudi Arabia’s Eastern Province is ‘one of the most promising destinations on the national tourism map’, and enabling high-impact tourism projects in the region will help deliver world-class experiences that will enhance Saudi Arabia’s global appeal and contribute to the...

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Business & Money | Wednesday 28 May, 2025 10:33 am

ITFC and TDFD Sign Landmark Agreement with Oil Sustainability Program and BURN Manufacturing to Deliver Clean Cooking Solutions in Nigeria

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, signed a multilateral financing and implementation agreement to support the Forward7 initiative in Nigeria. The agreement brings together ITFC, the Trade Development Fund...

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Business & Money | Tuesday 27 May, 2025 11:11 am

Aseer Governor: Over SAR 5B in investments launched since strategy approval

Since the approval of the Aseer Strategy, investments exceeding SAR 5 billion have been realized and are now being implemented, in addition to SAR 4 billion in investments whose details will be announced at the Asir Investment Forum, Asir Governor Turki bin Talal Al Saud stated. In his opening ...

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Business & Money | Tuesday 27 May, 2025 10:30 am

Saudi, Kuwait unveil new oil discovery in Neutral Zone

Saudi Arabia and Kuwait announced today, May 26, a new oil discovery in the jointly operated Wafra field. The oil find is located in the North Wafra Warrah-Burgan reservoir, about five kilometers north of the main Wafra site. Saudi Arabia’s Ministry of Energy said crude flowed from the...

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Business & Money | Tuesday 27 May, 2025 10:06 am

Minister of Communications Conducts On-Site Visit to Review Mobily’s Network Readiness for Serving Pilgrims

His Excellency Engineer Abdullah Alswaha Minister of Communications and Information Technology, visited Etihad Etisalat Company “Mobily” operational headquarters in Makkah  to review the company’s operational preparations for this year’s Hajj season (1446H), aimed at serving the Guests ...

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Business & Money | Tuesday 27 May, 2025 9:39 am

GAS signs SAR 830.6M contracts with SPPC

Gas Arabian Services Co. (GAS) signed two contracts on May 25 with the Saudi Power Procurement Co. (SPPC), the principal buyer, with a total value of SAR 830.64 million, excluding value-added tax (VAT). In a statement to Tadawul, GAS said the first contract entails the construction of gas...

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Business & Money | Monday 26 May, 2025 9:33 am

Saudi economic growth to accelerate in 2025, 2026: Riyad Capital

Riyad Capital expects the Saudi economic growth to accelerate in 2025 and 2026, with non-oil activities maintaining a robust growth trajectory, while oil activities are anticipated to rebound. “We project continued solid growth for non-oil activities, fostered by a growth-oriented fiscal...

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Business & Money | Monday 26 May, 2025 9:11 am

NCLE to set up 3 educational complexes in Riyadh, Jeddah at SAR 168M

National Company for Learning and Education (NCLE) announced in a statement to Tadawul that its board of directors on May 25 approved a project to establish an educational complex at an estimated capacity of 2,000 students on the land plot located in Ishbiliyah district, Riyadh, at an estimated...

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Business & Money | Monday 26 May, 2025 7:46 am

National Water Company and Upsource by Solutions Collaborate to Enhance Customer Services in Saudi Water Distribution Sector

National Water Company (NWC) and upsource by solutions, a subsidiary of solutions by stc and a leading provider of business process outsourcing services, announced the signing of a strategic agreement aimed at developing and enhancing customer experience management services in Saudi Arabia’s...

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