Business & Money | Thursday 8 May, 2025 12:57 pm

NEOM Investment Fund partners with MemryX to scale energy-efficient Edge AI computing

 NEOM Investment Fund (NIF), the investment arm of NEOM, has announced a strategic investment in MemryX, a US-based leader in Edge AI semiconductor solutions. The partnership will accelerate the development and deployment of next-generation, energy-efficient edge AI accelerators which are...

More Details

Business & Money | Thursday 8 May, 2025 11:31 am

Tourism Development Fund to Join Future Hospitality Summit as Enablement Partner

The Tourism Development Fund (TDF), the Kingdom’s tourism enabler, has announced it will serve as an enablement partner in the Future Hospitality Summit (FHS) Saudi Arabia. The event is scheduled to take place in Riyadh from May 11 to 13, 2025, and will bring together global decision-makers and...

More Details

Business & Money | Wednesday 7 May, 2025 2:27 pm

Localization of aviation industry top priority of Vision 2030: Alkhorayef

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said the localization of the aviation industry is a top priority in the Kingdom’s Vision 2030 and aligns with the objectives of the National Industrial Strategy. He added that the move is aimed at strengthening national...

More Details

Business & Money | Tuesday 6 May, 2025 1:09 pm

Saudi Arabia continues to lure domestic, foreign investments: Minister

Saudi Arabia continues to attract both domestic and foreign investments, despite global geopolitical and economic challenges, said Saudi Minister of Investment Khalid Al-Falih. The Kingdom developed high capabilities to adapt to shocks, through accumulated experience in confronting various...

More Details

Business & Money | Monday 5 May, 2025 10:49 am

MEFIC Capital Signs an Agreement with Russell Investments as Its Exclusive Technical Advisor

MEFIC Capital has signed an agreement with Russell Investments as its exclusive technical advisor. The agreement is to enhance the quality and scope of the services MEFIC Capital provides to its clients. Russell Investments is a premier global provider of a wide range of investment advisory...

More Details

Business & Money | Sunday 4 May, 2025 10:26 am

Al Arabia inks SAR 563.2M ad-lease deal for Riyadh Bus with revenue sharing

Arabian Contracting Services Co. (Al Arabia) signed an investment and leasing agreement on May 1 with the Royal Commission for Riyadh City (RCRC) for interior advertising spaces across the King Abdulaziz Project for Riyadh Public Transport, covering both trains and buses. According to a...

More Details

Business & Money | Sunday 4 May, 2025 9:12 am

SEDCO Capital REIT signs MoUs to buy 4 office complexes in Riyadh

SEDCO Capital REIT Fund signed on May 1 two memorandums of understanding (MoUs) to acquire four office complexes in Riyadh, SEDCO Capital, the fund manager, said in a statement to Tadawul. Under the first MoU, SEDCO Capital said the target property is in final stages of finishing. It will be...

More Details

Business & Money | Sunday 4 May, 2025 8:35 am

Al Arabia’s unit signs SAR 309.6M contract for billboards in Jeddah

Arabian Contracting Services Co. (Al Arabia) announced that its wholly owned subsidiary, Faden Media, signed a contract worth SAR 309.6 million to construct, operate, and maintain billboards on vacant land located along major roads in Jeddah (the first contract). The contract spans seven...

More Details

Business & Money | Saturday 3 May, 2025 9:06 am

PIF completes pricing $1.25B sukuk

The Public Investment Fund (PIF) announced the completion of pricing sukuk worth $1.25 billion (approximately SAR 4.7 billion). The proceeds from the dollar-denominated sukuk issuance will be used for the fund's general purposes. The seven-year sukuk was more than 6.5 times...

More Details

Business & Money | Saturday 3 May, 2025 9:05 am

Saudi incurs ‘limited’ trade war impact, holds edge amid presence in global markets: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said the aftermath of the ongoing global trade war and geopolitical tensions poised a “limited impact” on Saudi Arabia, compared to many other countries.   Addressing the press on the sidelines of the third edition of...

More Details