Browsing: Saudi Arabia

Saudi Arabia has announced the creation of the King Salman Automotive Cluster. This major initiative…

Under the patronage and in the presence of His Royal Highness Prince Dr. Hussam bin Saud bin Abdulaziz, Emir of Al-Bahah Region, His Excellency Eng. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water, and Agriculture & Chairman of the Board of Directors of Saudi Water Partnership Company, signed the project agreements for the Ras Mohaisen Independent Water Plant Project. The signing ceremony took place at the Emirate of Al-Bahah Region. The project will be developed in Al-Qunfudhah Governorate, Makkah Region, with a daily production capacity of 300,000 cubic meters of desalinated water.

Emirates NBD reported a pre-tax profit of AED 27.1B in 2024, a 15% rise from the previous year, while post-tax profit increased by 7% to AED 23B. The bank’s Board of Directors has proposed a 100 fils dividend per share.

NEOM, Saudi Arabia’s futuristic mega-city project, has successfully closed a significant export credit agency (ECA)…

Mashreq Bank has appointed Hassan Orooj as the new Director – Head of Debt Capital…

Smart Accommodation for Residential Complexes Company (sarcc), a PIF Company, has achieved a significant milestone in its journey with the successful acquisition of the prominent Al Nakhla Residential Resort in Riyadh for SAR 2.5 billion.

Paytm, through its subsidiary Paytm Cloud Tech, plans to establish operations in the UAE, Saudi Arabia, and Singapore to capitalise on its tech-enabled merchant payments and financial services in similar international markets. The company will also seek local licences and partnerships.

The former PM will share insights on the future of global media. Former British Prime…

The plan targets employees’ equity programme growth. Saudi National Bank (SNB), the largest bank in…

Boosting Investments in Transformative Industries Saudi Arabia has launched the Standard Incentives Program, allocating SR10…