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 10:00 am

Kinderini Crowned Product of The Year 2025 Gulf in the ‘Biscuits’ Category

Kinderini, Kinder’s first plain biscuits, wins the hearts of consumers across the GCC DUBAI – Kinderini made big waves at the consumer-driven Product of the Year Award - Gulf, sweeping the ‘Biscuits’ category. The prestigious event was held at Dubai Miracle Garden on March 19, 2025....

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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 | Tuesday 27 May, 2025 9:16 am

Arab Sea wins SAR 14.7M project with SPA

Arab Sea Information Systems Co. was awarded a project worth SAR 14.72 million, including VAT, with the Saudi Press Agency (SPA). In a statement to Tadawul, the company said that the 36-month contract covers the maintenance and operation of computer systems. The contract is expected...

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Business & Money | Monday 26 May, 2025 3:34 pm

Project Qatar 2025 kicks off with the participation of 200 local and international companies

Under the patronage of the Prime Minister and Minister of Foreign Affairs of the State of Qatar, Project Qatar 2025, the country's longest running international trade exhibition, kicked off. Organized by IFP Qatar with the support of the Ministry of Commerce and Industry and in partnership with the ...

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Business & Money | Monday 26 May, 2025 9:51 am

CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity

CNTXT AI, a Data and AI enabler driving AI readiness through sovereign infrastructure and high-quality data, has signed a strategic Memorandum of Understanding (MoU) with Beam AI, the leading platform for AI agents. Together, the two companies will deliver secure, scalable, and localized AI agents...

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Business & Money | Monday 26 May, 2025 9:39 am

ADNOC’s listed companies post strong Q1 results with over US$2.3 billion net profit

ADNOC Group's publicly traded portfolio companies combined to deliver over $2.3 billion (AED8.4 billion) in first quarter net profit, reflecting their resilient business models and ability to generate robust profits in evolving market conditions. Each of the six companies delivered strong...

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Business & Money | Monday 26 May, 2025 9:36 am

Pan Gulf obtains SAR 70M credit facility from SAB

Pan Gulf Marketing Co. obtained SAR 70 million Shariah-compliant credit facilities from Saudi Awwal Bank (SAB), according to a statement to Tadawul. The one-year financing, which involves no related parties, is secured by a promissory note and a corporate guarantee. Pan Gulf will utilize...

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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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