Business & Money | Sunday 19 November, 2023 8:47 am

Saudi Cable inks SAR 140 mln working capital agreement

Saudi Cable Co. signed a working capital agreement worth SAR 140 million with Rawafid Al-Mustaqbal Investment Co., according to a statement on Tadawul.   This agreement includes cash financing and the purchase of raw materials to execute existing manufacturing orders. The deal aims...

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Business & Money | Sunday 19 November, 2023 8:43 am

Meet the Saudi Scientist elected to run WHO in the Middle East

WHO appointed the leading Saudi public health expert  Dr. Hanan Balkhi as Regional Director of its Eastern Mediterranean Office, after a vote from member states at the organization's regional committee meeting in Cairo last October. Saudi Health Minister, Fahd Al-Jalajel, commented that...

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Environment & Energy | Sunday 19 November, 2023 8:42 am

L&T showcases expertise in Renewables, Power and Water Infrastructure

Over the last four decades, Larsen & Toubro, the Indian multinational conglomerate, has established their credentials in the Gulf region, developing vital infrastructure in various countries including the Kingdom of Saudi Arabia, UAE, Oman, Kuwait, and Qatar. L&T has lent their expertise to ...

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Business & Money | Saturday 18 November, 2023 2:41 am

AED 23 billion worth of total deals signed during Dubai Airshow 2023: Tawazun Council

Tawazun Council, a government entity that works closely with the Ministry of Defense in the UAE, today signed 10 deals, worth AED 1.415 billion, with local and international companies on behalf of the Ministry of Defense on the fifth and final day of the Dubai Airshow 2023.This brings the total...

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Business & Money | Saturday 18 November, 2023 2:40 am

EDGE signs agreement with Roketsan to explore partnerships in smart weapon development

EDGE, one of the world's leading advanced technology and defence groups, and Roketsan, a leading Turkish company which designs, develops, and manufactures rockets, missiles, guided munitions, and weapon systems, signed an agreement today to explore potential partnerships in the smart weapons...

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Technology & IT | Saturday 18 November, 2023 2:34 am

MBRSC concludes successful participation at Dubai Airshow 2023

The Mohammed Bin Rashid Space Centre (MBRSC) concluded its successful participation at Dubai Airshow 2023, which took place from 13th to 17th November at Al Maktoum International Airport (DWC). Over the course of five days, the Centre’s stand was visited by dignitaries, owners and CEOs of...

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Environment & Energy | Saturday 18 November, 2023 2:33 am

OPEC seen to maintain $80 floor for oil next year: Goldman Sachs

OPEC is expected to maintain a $80 floor for oil in 2024 despite the recent decline in oil prices, said Goldman Sachs.   “We believe that OPEC will ensure Brent in a $80-$100 range by leveraging its pricing power and production capacity,” said a team of Goldman commodities...

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Government | Saturday 18 November, 2023 2:30 am

Shura calls on SRSA to unveil geographical scope map for tourists, investors

The Shura Council will vote, on Nov. 20, on the recommendations of the Saudi Red Sea Authority (SRSA) and the Cultural Development Fund, Al Riyadh newspaper reported.   In addition, the council will discuss the report of the Financial and Economic Committee regarding the annual...

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Business & Money | Saturday 18 November, 2023 2:27 am

SAR signs MoU with Air Products to develop hydrogen fueling stations

Saudi Arabia Railways (SAR) signed a memorandum of understanding (MoU) with Air Products Qudra to develop hydrogen fueling stations for trains, Saudi Press Agency reported.   The move aims to design, build, and operate hydrogen fueling units in all SAR stations across the...

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Government | Saturday 18 November, 2023 2:25 am

ZATCA sets measures for target entities at ninth e-invoicing category

The Zakat, Tax and Customs Authority (ZATCA) determined the measures for selecting the target entities at the ninth category to apply the second phase of linking and integration phase of e-invoicing, Saudi Press Agency reported.   The authority indicated that the ninth category...

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