Business & Money | Monday 23 October, 2023 8:25 am

PIF, Hyundai Motor sign JV agreement on automotive manufacturing plant in Saudi Arabia

The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) announced the signing of a joint venture (JV) agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia.   PIF will hold a 70% stake in the new joint venture with Hyundai holding the...

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Environment & Energy | Monday 23 October, 2023 8:12 am

Saudi Arabia converts 60% of high value-added aluminum products: Alkhorayef

Saudi Arabia is betting on becoming a key contributor to the global supply chains and on finding solutions for the challenges they face, thanks to its natural resources, strategic location and human capabilities, Minister of Industry and Mineral Resources Bandar Alkhorayef...

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Technology & IT | Sunday 22 October, 2023 3:02 pm

Kaspersky launches specialized security solution for containerized environments

Kaspersky has launched a full-featured solution for containerized environments – Kaspersky Container Security (KCS). It secures containerized application at all stages, from development to operation. The product is ready to go directly after installation, low-cost, and easy to deploy and...

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Business & Money | Sunday 22 October, 2023 2:52 pm

Saudi Electricity plans SAR 500 bln investment by 2030

Saudi Electricity Co. (SEC) announced that it plans to invest around SAR 500 billion by 2030 to build electricity transmission networks and ensure connectivity between all regions of the Kingdom by deploying cutting-edge technologies.   The company made the announcement...

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Business & Money | Sunday 22 October, 2023 1:44 pm

Majeed Al Abduljabbar appointed as the CEO of Saudi Real Estate Refinance Company (SRC)

The Board of Directors of the Saudi Real Estate Refinance Company (SRC), wholly owned by the PIF and headed by His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majed bin Abdullah Al-Hogail, announced today that Mr. Majeed Al Abduljabbar will assume the role of Chief...

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Business & Money | Sunday 22 October, 2023 12:57 pm

Saudi Arabia sure to become key player in global supply chains: Alkhorayef

The Kingdom of Saudi Arabia is betting that it will be one of the major countries in the world to contribute to supply chains in general, said Minister of Industry and Mineral Resources, Bandar Alkhorayef.   During the fifth session of the Supply Chains and Logistics Services...

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Government | Sunday 22 October, 2023 12:56 pm

Dubai Customs Showcases Cutting-Edge Innovations and Expands Global Collaborations

Dubai Customs is deeply committed to bolstering its regional and global prominence in advancing customs operations. They achieve this by nurturing partnerships with customs administrations worldwide. This is accomplished through hosting visiting delegations and acquainting them with the innovative...

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Tourism & Hospitality | Sunday 22 October, 2023 12:13 pm

Minister of Economy holds meetings with Brazil, Spain, Uzbekistan, Georgia and UNWTO to strengthen tourism cooperation

Abdulla bin Touq Al Marri, Minister of Economy, held meetings with Celso Sabino, Minister of Tourism of Brazil; Rosa Ana Morello Rodríguez, Minister of State for Tourism of Spain; Aziz Abdel Hakimov, Minister of Environment, Environmental Protection and Climate Change and responsible for the...

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Business & Money | Sunday 22 October, 2023 12:11 pm

Saudi has to grow value chains’ contribution for economic diversification: Minister

Saudi Arabia should grow contribution to the value chains to achieve economic diversification in the different industries, said Saleh Al-Jasser, Minister of Transport and Logistic Services. Supply chains represent the basis to increase the economic presence through localizing the content of...

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Business & Money | Sunday 22 October, 2023 12:09 pm

Monsha'at supports 160 enterprises to list on stock market

As many as 160 enterprises were qualified for listing on the stock market, of which 14 were already listed, with the support of the Small and Medium Enterprises General Authority (Monsha'at), Sami Alhussaini, Monsha'at Governor stressed in his speech during Riyadh’s CEOs Forum dated Oct....

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