Technology & IT | Sunday 20 July, 2025 3:55 pm

Elon Musk’s xAI in talks with Saudi Arabia to lease data center capacity

Elon Musk's xAI is in discussions to lease data center capacity in Saudi Arabia, Bloomberg News reported on Wednesday, citing people familiar with the matter.   The startup is in discussion with two potential partners: Humain, a Saudi-backed AI company offering xAI several gigawatts...

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Business & Money | Sunday 20 July, 2025 12:21 pm

Air Arabia consortium wins Dammam budget carrier license

General Authority of Civil Aviation (GACA) named a consortium led by Air Arabia and consisting of Kun Investment Holding and Nesma Co., as the new national low-cost airline based at King Fahd International Airport in Dammam. In a post on X, GACA said the new carrier will operate 24 domestic...

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Business & Money | Sunday 20 July, 2025 11:53 am

Social Development Bank Participates in "Expo 2025" in Osaka, Japan

The Social Development Bank (SDB) is participating as part of the Kingdom of Saudi Arabia’s official delegation, organized by the Ministry of Culture, at Expo 2025 — held in Osaka, Japan — from 8 to 17 July. This national presence aims to spotlight Saudi Arabia’s cultural diversity and...

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Business & Money | Thursday 17 July, 2025 9:20 am

Lana bags two project contracts of SAR 57.1M from Health Ministry

Lana Medical Co. won, on July 15, two project contracts valued at SAR 57.1 million from the Ministry of Health, the company said in two separate statements to Tadawul. The first project includes the collection and storage of hazardous healthcare waste in health centers, hospitals, and...

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Business & Money | Thursday 17 July, 2025 9:15 am

MIS wins SAR 42.9M project with SDAIA

Al Moammar Information Systems Co. (MIS) was awarded a project on July 16 by the Saudi Data and Artificial Intelligence Authority (SDAIA), for SAR 42.93 million, inclusive of value-added tax (VAT). In a statement to Tadawul, the company said the contract is expected to be signed on Aug. 17....

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Business & Money | Wednesday 16 July, 2025 11:19 am

Tharwah awarded SAR 4.5M training contract from ZATCA

Altharwah Albashariyyah Co. (Tharwah) secured a SAR 4.48 million contract, including VAT, under a framework agreement to deliver technical training programs for Zakat, Tax and Customs Authority (ZATCA) employees in 2025. The contract is expected to be signed on Aug. 24, 2025, the company said...

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Business & Money | Wednesday 16 July, 2025 11:07 am

Al Yamamah Steel inks SAR 68.7M contracts to supply wind towers

Al Yamamah Steel Industries Co. announced today, July 15, the signing of two contracts with SEPCOIII Electric Power Construction Co., Ltd. Branch, at a total value of SAR 68.66 million. In a statement to Tadawul, the company said that the first is contract is for supplying steel ...

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Business & Money | Tuesday 15 July, 2025 11:30 am

SACO signs SAR 140.4M agreement to sell Riyadh warehouse

Saudi Company for Hardware (SACO) signed today, July 15, a sales agreement for its warehouse located in the Al-Mashael district in Riyadh, with a total value of nearly SAR 140.43 million, excluding real estate transaction tax and brokerage commission. According to a statement to Tadawul, the...

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Business & Money | Monday 14 July, 2025 4:32 pm

Schneider Electric Launches Lauritz Knudsen in Saudi Arabia to Support the Kingdom’s Energy and Digital Transformation

Schneider Electric, the global leader in the digital transformation of energy management and automation, has officially launched Lauritz Knudsen—its flagship brand in low-voltage electrical distribution and automation solutions—in the Saudi Arabian market. This launch marks the next phase in...

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Tourism & Hospitality | Monday 14 July, 2025 9:35 am

Saudia Transports Over 17.5 Million Guests in First Half of 2025

Saudia, the national flag carrier of Saudi Arabia, has achieved growth in its operational performance for the first half of 2025, based to the latest performance report. The airline carried more than 17.5 million guests, marking a 7.2% increase compared to the same period in 2024.  This...

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