Business & Money | Monday 25 December, 2023 1:12 am

Social Development Bank grants SAR 11B financing by end of 2023

The Social Development Bank (SDB) provided SAR 11 billion in financing by the end of 2023, meeting its economic and social financing goals for the year while expanding its non-financial services, the Saudi Press Agency (SPA) reported.   The bank stated that more than 8,600 small...

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Business & Money | Monday 25 December, 2023 1:11 am

MIS inks SAR 24.9M project contract with NCGR

Al Moammar Information Systems (MIS) signed a data backup and storage contract with the National Center of Government Resources (NCGR) worth SAR 24.87 million (VAT inclusive), according to a statement by the company to Tadawul today, Dec. 24.  The one-year...

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Business & Money | Monday 25 December, 2023 1:08 am

MAWANI signs 4 maritime services deals worth over SAR 1B for 8 ports

Saudi Ports Authority signed today, Dec. 24 four deals maritime service contracts, exceeding SAR one billion in private sector investments.   The Authority announced these contracts were signed with Zamil Offshore Services Co. and Naghi Marine Co. for eight ports, in collaboration...

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Business & Money | Monday 25 December, 2023 1:07 am

SAL pens deal with Dammam Airports to lease, renovate KFIA’s cargo terminal

SAL Saudi Logistics Co. signed a 20-year lease agreement with Dammam Airports Co. (DACO) to renovate, operate, and maintain the cargo terminal at King Fahad International Airport (KFIA) in Dammam In a statement to Tadawul, the company said that the transaction is valued at SAR 16.5 million annually ...

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Government | Sunday 24 December, 2023 5:17 pm

Saudi Arabia localizes sales, procurement professions from today

The Ministry of Human Resources and Social Development (HRSD) announced today, Dec. 24, the Saudization of sales, procurement, and project management professions.   The move comes in coordination with the supervisory authorities, the ministry said, noting that the previously...

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Government | Sunday 24 December, 2023 4:54 pm

NEOM introduces NEOM Sports Club Moaath Alohali is named as the club’s new CEO

Following the June announcement of the ownership transfer of Al Suqor Club to NEOM, the company reveals today that the new name will be NEOM Sports Club with a new logo to reflect the change in name. -- NEOM has also announced that Moaath Alohali has been named CEO of the club, after having left...

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Business & Money | Sunday 24 December, 2023 1:51 pm

Hamriyah and Deira ports record AED 12.133b in customs declaration value for first nine months of 2023

Dubai Customs plays a crucial role as the frontline defense for community security, consistently advancing its customs centers to safeguard and facilitate maritime trade. H.E. Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, recently visited ...

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Technology & IT | Sunday 24 December, 2023 11:59 am

HONOR Gets Ready to Launch HONOR Magic V2 with Positive Feedback from HONOR V Future Pioneer Program

As HONOR continues to prioritize user needs with its human-centric approach and following the recent call for submissions for HONOR V Future Pioneer program to experience HONOR Magic V2, the brand kicked start the 1st session of the program with outstanding feedback and impressive reviews from...

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Business & Money | Sunday 24 December, 2023 9:48 am

AMAK starts tests at new processing plant, expects to continue in Q1 2024

Almasane Alkobra Mining Co. (AMAK) commenced the operational readiness tests for the new processing plant in December 2023, but does not expect to complete the tests by the end of 2023 as announced earlier. The company said the tests are likely to continue during Q1 2024.   The delay ...

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Business & Money | Sunday 24 December, 2023 9:25 am

Kingdom Holding sets up JV to develop tourist resort

Kingdom Holding Co. (KHC) incorporated a joint venture (JV), named East Shura III Real Estate Co., the company said in a filing to Tadawul.   The JV will develop a tourist resort, to be operated by Four Seasons hotels and resorts group on the Shura Island, Saudi Arabia's west...

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