Business & Money | Tuesday 3 December, 2024 12:15 pm

MIS board OKs allocating SAR 30M for investment in global tech firms

Al Moammar Information Systems Co.’s (MIS) board approved today, Dec. 2, the allocation of SAR 30 million to establish an investment portfolio through self-financing. This portfolio aims to invest in global technology companies and capitalize on growth opportunities...

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Business & Money | Tuesday 3 December, 2024 12:10 pm

Matarat Holding, NCP call for EOI for New Taif International Airport

Matarat Holding Co. and the National Center for Privatization (NCP) launched an expression of interest (EOI) phase for the New Taif International Airport project, inviting private sector parties to participate under a public-private partnership model (build, transfer, operate). The contract...

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Business & Money | Tuesday 3 December, 2024 12:04 pm

Atlas Elevators wins SAR 3.2M project with Dammam Medical Complex

Atlas Elevators General Trading and Contracting Co. received on Dec. 2 a letter of award for an elevator replacement project with the Dammam Medical Complex for SAR 3.16 million (VAT inclusive). In a statement to Tadawul, the company said that it would replace elevators at the Dammam...

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Business & Money | Tuesday 3 December, 2024 11:03 am

Saudi Arabia achieves new milestones every year: Energy Minister

Saudi Energy Minister Prince Abdulaziz bin Salman said the Kingdom is achieving new milestones every year, emphasizing that no other country globally can match Saudi Arabia's progress and effectiveness. At the opening of the fourth edition of the Saudi Green Initiative Forum, the minister...

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Business & Money | Tuesday 3 December, 2024 11:01 am

GOSI’s assets exceed SAR 1.2 trln, says Al-Jadaan

Saudi Arabia’s General Organization for Social Insurance (GOSI) has over SAR 1.2 trillion in assets, said Minister of Finance Mohammed Al-Jadaan. Speaking at the Regional Social Security Forum for Asia and the Pacific (RSSF Asia-Pacific), the minister said the merger of the Public...

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Business & Money | Tuesday 3 December, 2024 10:44 am

KnowledgeNet inks deal to sell subsidiary to Saudi Technology Fund for SAR 15.4M

KnowledgeNet Co. signed a contract to sell 100% stake in Financial Technology Solutions (99.99% owned by KnowledgeNet and 0.01% by Knowledge Network for Business Services) to the Saudi Technology Fund for SAR 15.35 million. In a statement to Tadawul, the company said that Financial Technology...

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Business & Money | Tuesday 3 December, 2024 10:01 am

Next Generation of US Business Management from MENA: 'Clemta Intelligence’

Leading digital transformation in the MENA region, Clemta shapes the future of businesses with its AI-powered solution Clemta Intelligence. Dubai — Clemta, a leader in business formation and management solutions for entrepreneurs worldwide, launches Clemta Intelligence, an innovative...

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Business & Money | Monday 2 December, 2024 9:47 am

Global Manufacturing and Industrialisation Summit to take place during Abu Dhabi Business Week

The Global Manufacturing and Industrialisation Summit (GMIS) today announced that the 2024 edition (GMIS 2024) will be organised on 5th December 2024. The event will be hosted alongside the inaugural Abu Dhabi Business Week (ADBW), which is being held under the patronage of H.H. Sheikh Khaled...

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Business & Money | Monday 2 December, 2024 9:44 am

AED6.2 billion in deals concluded as Global Food Week wraps up in Abu Dhabi

Global Food Week witnessed intensive trade activity, with total deals signed over the three days amounting to AED6.2 billion, reflecting a 59% growth compared to the previous edition's AED3.9 billion. Over 1,600 meetings were held between buyers and exhibitors from across the globe, discussing ...

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Business & Money | Monday 2 December, 2024 9:42 am

Mohamed Al Hussaini discusses financial cooperation with Jordan’s Minister of Finance

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met today with Dr. Abdelhakim Shibli, Minister of Finance of the Hashemite Kingdom of Jordan, at the Ministry’s office in Dubai. The meeting focused on exploring ways to enhance cooperation in the financial sector and other...

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