Business & Money | Wednesday 22 January, 2025 9:55 am

Egypt’s Civil Aviation Minister, UAE delegation discuss boosting cooperation

Egypt’s Minister of Civil Aviation Dr. Sameh Elhefny held talks with a UAE delegation led by Mohammed Abdullah Al-Salami, Chairman of the Fujairah Department of Civil Aviation and Deputy Chairman of the Board of Directors of the General Civil Aviation Authority, and Mohammed Abdulla Lengawi,...

More Details

Business & Money | Wednesday 22 January, 2025 9:50 am

S&P places 'BB-' credit rating on Cenomi Centers $1.6B sukuk

S&P Global Ratings placed “BB-” rating on Arabian Centres Co. (Cenomi Centers) for two of its current sukuk issuances, totaling $1.585 billion. The ratings apply to the second sukuk (2026) and the third sukuk (2029). The second sukuk, due in October 2026, is valued at $875 million,...

More Details

Business & Money | Wednesday 22 January, 2025 9:46 am

Elm inks deal to acquire PIF’s Thiqah for SAR 3.4B

Elm Co. signed on Jan. 21 a share sale and purchase agreement (SPA) with the Public Investment Fund (PIF) allowing the Tadawul-listed firm to acquire the fund’s entire stake of 45,000 shares or 100% of Thiqah Business Services Co. for SAR 1,000 per share. The deal is valued at SAR 3.4...

More Details

Business & Money | Wednesday 22 January, 2025 9:42 am

Jeddah Tower to see SAR 100B investments upon completion: KHC Chairman

Prince Al Waleed bin Talal, Chairman of Kingdom Holding Co. (KHC), said Jeddah Tower is poised to see more than SAR 100 billion in investments upon completion, Al Watan Newspaper reported. He added that the tower is expected to be home to 75,000-100,000 residents. The project has been...

More Details

Business & Money | Wednesday 22 January, 2025 9:31 am

BAAN Holding awarded SAR 436M catering services project

BAAN Holding Group Co. announced receiving a project award to provide catering services at a residential complex in Neom, managed by Almutlaq Real Estate Investment Co’s (AREIC) subsidiary, Al-Mutlaq Services, with an estimated value of approximately SAR 436 million. In a statement to...

More Details

Business & Money | Wednesday 22 January, 2025 9:29 am

Tharwah awarded SAR 9.8M project by government entity

Altharwah Albashariyyah Co. (Tharwah) received on Jan. 21 an award notification from a government entity for a project worth SAR 9.83 million, inclusive of value-added tax. In a statement to Tadawul, the company pointed out that the contract is expected to be signed on Feb. 23. The...

More Details

Business & Money | Wednesday 22 January, 2025 9:24 am

TAM receives SAR 24.8M purchase order from government entity

TAM Development Co. received a purchase order for a project worth SAR 24.8 million, within the framework agreement concluded with a government agency, according to a Tadawul statement. The order is valid for 12 months, the company said, adding that there are no related parties to the...

More Details

Business & Money | Wednesday 22 January, 2025 9:01 am

Saudi Arabia spent SAR 93.7B to develop digital infrastructure: Al-Kassabi

Saudi Arabia spent SAR 93.7 billion on developing its digital infrastructure, to be ready for automation and digital transformation, in addition to allocating another SAR 75 billion for future development, Minister of Commerce Majid Al-Kassabi, said. In a session on “services trade” at the ...

More Details

Technology & IT | Tuesday 21 January, 2025 7:18 pm

Embarking on an AI-driven Smartphone Photography Journey with the All-new AI HONOR Image Engine

Smartphone photography has undergone an immense revolution in the past decade, placing in consumers’ hands the kinds of powerful image technologies that were once only possible with full-frame cameras. With a steadfast commitment to providing users around the world with the best-in-class...

More Details

Beauty & Style | Tuesday 21 January, 2025 12:03 pm

"Jazeera Paints" the Strategic Partner of the "Marsam Design Award" Ceremony

“Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA, has participated as a Strategic Partner in the Marsam Design Award ceremony, organized by the Architecture and Design Commission on January 16-17, 2025, at the IPA Narjis Branch,...

More Details