Business & Money | Tuesday 17 September, 2024 9:23 am

SAIB plans $1.5B sukuk program

The Saudi Investment Bank (SAIB) plans to establish a US dollar-denominated Tier I sukuk program, not exceeding $1.5 billion. Further, the bank intends to issue Tier I sukuk under the program through private placement to qualified investors.   In a statement to Tadawul, the bank ...

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Business & Money | Tuesday 17 September, 2024 9:21 am

Industry Minister launches Rafed Program for university-based factories

Bandar Alkhorayef, Minister of Industry and Mineral Resources, launched today, Sept. 16, the Rafed Program, which aims to establish innovative factories at universities and technical colleges across the Kingdom, the Saudi Press Agency reported.  The program aims to develop effective...

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Government | Tuesday 17 September, 2024 9:10 am

Dubai Civil Aviation Authority to Take Part in World Congress & Exhibition on Intelligent Transport Systems (ITS) at Dubai World Trade Centre

The Dubai Civil Aviation Authority (DCAA) is set to participate in the 30th edition of the World Congress & Exhibition on Intelligent Transport Systems (ITS), a leading global event in the field of smart mobility and digitalization of transportation. Organized by ERTICO and hosted by the Roads...

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Tourism & Hospitality | Tuesday 17 September, 2024 9:04 am

SUN SIYAM RESORTS WELCOMES PASAN WIJEWARDANA AS NEW CLUSTER DIRECTOR OF SALES & MARKETING

Sun Siyam Resorts announces the appointment of Pasan Wijewardana as Cluster Director of Sales & Marketing for Sun Siyam Iru Fushi and Sun Siyam Pasikudah. Pasan brings over a decade of rich experience in the hospitality industry, having held key leadership roles across luxury, lifestyle,...

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Business & Money | Tuesday 17 September, 2024 12:39 am

Light + Intelligent Building Middle East to showcase latest smart building solutions as sector nears US$23 billion in MEA region

Smart buildings are becoming an increasingly crucial component of global sustainability efforts, particularly in the Middle East and Africa (MEA), where the smart building market is anticipated to grow significantly, with projections indicating that it could reach a value of US$23.31 billion by...

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Environment & Energy | Tuesday 17 September, 2024 12:15 am

Enercap Holdings and Apex Investments in Joint Venture to Build the World’s Largest Supercap Energy Storage Capacity to Meet Exploding Demand

Dubai based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi based Apex Investments PSC, have formed a joint-venture to build 16GWh per year manufacturing capacity of supercap energy storage, a cutting-edge technology with features that surpass the current lithium-ion technology...

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Business & Money | Tuesday 17 September, 2024 12:12 am

Al Fujairah National Insurance Co. Launches FloodGuard: Exclusive Flood, Storm, and Tempest Coverage for Third-Party Insured Motorists

Al Fujairah National Insurance Co. (AFNIC) announces the launch of “FloodGuard,” the region’s first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for third-party insured motorists. FloodGuard offers crucial coverage for...

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Business & Money | Tuesday 17 September, 2024 12:08 am

Riyadh to Host the 5th Annual Future Banks Summit

Riyadh will host the 5th Annual Future Banks Summit & Awards KSA on September 24th and 25th, 2024. This year, the leading event will focus on cutting-edge innovations, practical case studies, and interactive panel discussions. With a focus on guiding the banking sector in KSA towards future...

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Business & Money | Tuesday 17 September, 2024 12:00 am

Transforming Saudi Arabia's Built Environment

The MEPIC, MEP International Conference, and BEDIC, Building Envelope Design and Insulation Conference, started today showcasing the Kingdom's commitment to sustainability, innovation, and modernization in its built sector. These pivotal events brought together leaders from government,...

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Technology & IT | Tuesday 17 September, 2024 12:00 am

Kaspersky makes its ICS Security Assessment service available in KSA

Kaspersky announces the launch of its Industrial Control Systems (ICS) Security Assessment service, setting a new standard for safeguarding Saudi Arabia’s critical industrial infrastructure. With over 15 years of pioneering experience in OT and ICS security, the launch reflects Kaspersky’s...

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