Environment & Energy | Wednesday 22 November, 2023 2:58 pm

3.5MW solar plant financed by Abu Dhabi Fund for Development inaugurated in Somalia

Abu Dhabi Fund for Development (ADFD) financed a solar energy project in Somalia which was inaugurated recently. With a production capacity of 3.5 megawatts, the project aims to meet the electricity needs of Bosaso, the commercial capital of the state of Puntland. Besides supporting...

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Technology & IT | Wednesday 22 November, 2023 12:53 pm

HONOR's Empowering Vision: A Fusion of Fashion and Technology for Saudi Women

In the realm where technology meets the aspirations of women, HONOR, the global technology brand, is carving a distinctive path that resonates strongly with the women of the Gulf, particularly women in Saudi Arabia. The brand's unwavering commitment to fulfilling women's requirements is exemplified ...

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Business & Money | Wednesday 22 November, 2023 9:33 am

EY hosts tax seminars to support businesses in Saudi Arabia to navigate evolving tax landscape

EY held its KSA Annual Tax and Zakat Seminar 2023 in Riyadh, Jeddah, and Al Khobar with the aim of guiding Saudi businesses as they navigate the Kingdom of Saudi Arabia’s evolving tax landscape. The latest edition of the event provided an overview of the major developments in the Saudi tax system ...

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Business & Money | Wednesday 22 November, 2023 9:31 am

du ICT & Dell Technologies collaborate to provide end-to-end security services for UAE customers

du, from Emirates Integrated Telecommunications Company (EITC), today announced a strategic collaboration with Dell Technologies marking the beginning of a Memorandum of Understanding (MoU) specifically focused on delivering comprehensive Information Security services to customers in the UAE. By...

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Technology & IT | Wednesday 22 November, 2023 9:24 am

Beyond the discounts: Kaspersky reveals top fraudulent schemes scammers run during Black Friday

As Black Friday approaches, Kaspersky has released a new report revealing the latest shopping-related cyber threats. The findings expose more than 13 million e-shop-related phishing attacks in 2023, with scammers mimicking popular marketplaces, luxury brands, and gadget stores. According to...

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Business & Money | Wednesday 22 November, 2023 9:22 am

Bahri Line Recognized with ‘Supplier Spirit of Alliance Award’ at General Electric Onshore Wind Supplier Conference in Florida

Bahri Line, a subsidiary of Bahri, the national shipping company of Saudi Arabia and a global leader in logistics and transportation, has bagged the prestigious ‘Supplier Spirit of Alliance Award’ at the 2023 General Electric Onshore Wind Supplier Conference and Awards. Held at the Hilton...

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Business & Money | Wednesday 22 November, 2023 9:05 am

RAKEZ and RAK Customs Department sign ‘Top 10’

Ras Al Khaimah Economic Zone (RAKEZ), in collaboration with the Ras Al Khaimah (RAK) Customs Department, co-hosted a special dinner event to RAKEZ clients hailing from critical industries including trade, F&B, manufacturing, and vehicle armor. This exclusive event was designed to offer...

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Business & Money | Wednesday 22 November, 2023 9:02 am

TAM signs SAR 13M contract with CST

TAM Development Co. signed on Nov. 21 a project contract with the Communications, Space and Technology Commission (CST) at a total value of SAR 12.98 million, inclusive of VAT.   Under the 12-month contract, TAM will provide consultancy services and digital solutions for CST, the...

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Business & Money | Wednesday 22 November, 2023 8:59 am

MBC Group gets CMA nod to float 33.3 mln shares in IPO on TASI

The Capital Market Authority (CMA) approved an application from MBC Group to sell 33.25 million shares, representing 10% of its capital, in an initial public offering (IPO) on the Saudi Exchange (Tadawul).   The prospectus will be published ahead of the planned share sale, the market ...

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Business & Money | Wednesday 22 November, 2023 8:58 am

NDMC closes November issuance of Sukuk program at SAR 2.7 bln

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for November 2023, under the Saudi Arabian Government SAR-denominated Sukuk Program.   The total amount allocated stood at SAR 2.667 billion, NDMC said in a statement today, Nov....

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