Business & Money | Sunday 11 June, 2023 12:34 pm

Individual, corporate mortgages exceed SAR 700 bln in Q1

Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia grew by 17% to around SAR 705.95 billion in Q1 2023, from SAR 605.50 billion in the year-ago period. Individual mortgages, which accounted for 80% of the total, increased by 19% year-on-year (YoY) to...

More Details

Business & Money | Sunday 11 June, 2023 12:27 pm

King Abdullah Economic City Signs Agreement with Vivienda to Develop Luxury Resort

In line with efforts to establish King Abdullah Economic City (KAEC) as a vision-ready destination alongside third-party investors and partners, KAEC has announced a landmark agreement with Vivienda, a well-known hospitality brand owned by the Forus Real Estate Investment and Development Company in ...

More Details

Technology & IT | Sunday 11 June, 2023 12:14 pm

New season of Kaspersky’s Webby awarded podcast explores the past and future of digital technologies, and women leading the way in IT

Progress led by technology means following the latest innovations without pausing, but due to the frantic pace one can stop learning from technology’s past. Kaspersky’s Fast Forward audio series examines trends shaping technology from the perspective of the recent past and explores women’s...

More Details

Environment & Energy | Sunday 11 June, 2023 12:01 pm

Saudi Electricity implements 3 projects at over SAR 1.4 bln

Saudi Electricity Co. (SEC) announced carrying out three strategic projects to enhance the linkage and reliability of the 774.5-kilometer-long power grid, the state-owned SPA reported. The three projects, overseen by the Ministry of Energy, are implemented across Rafha, Al-Wajh and Najran at a ...

More Details

Government | Sunday 11 June, 2023 11:58 am

42 Abu Dhabi and Abu Dhabi Social Support Authority Cooperate to Integrate the Authority's Beneficiaries in the Coding Field

42 Abu Dhabi, the UAE capital’s innovative and disruptive coding school that provides a unique peer-to-peer, gamified learning methodology hosted a group of Emiratis in an introductory session which was held in collaboration with Abu Dhabi Social Support Authority (ADSSA).  This session ...

More Details

Environment & Energy | Sunday 11 June, 2023 10:00 am

GE Grid Solutions’ Gas-Insulated Substations (GIS) to Support the World’s Largest Green Hydrogen Plant in the Kingdom of Saudi Arabia

 Grid Solutions, an integral part of the GE Vernova portfolio of energy businesses, was awarded a contract by Larsen & Toubro to supply 380 kV T155 gas-insulated substations (GIS) for the world’s largest utility-scale hydrogen plant to be powered entirely by...

More Details

Technology & IT | Sunday 11 June, 2023 9:30 am

HONOR Expands Rapidly in the Middle East as a Part of its Strategy for Overseas Growth

HONOR has been actively growing its presence globally beyond its home market of China. The brand has successfully entered and gained traction in various markets around the world, expanding its reach and customer base. The global technology brand has experienced noteworthy growth in overseas markets ...

More Details

Environment & Energy | Sunday 11 June, 2023 9:22 am

GASCO says ministry changes LPG selling prices, no impact on net income

National Gas and Industrialization Co. (GASCO) received a letter from the Ministry of Energy to change liquefied petroleum gas (LPG) selling prices, effective today, June 11.  In a statement to Tadawul, GASCO said the current changes will have no material financial impact on the ...

More Details

Environment & Energy | Sunday 11 June, 2023 9:12 am

WAJA wins SAR 76.1 mln project from Ministry of Energy

WAJA Co. was awarded on June 8 a project valued at SAR 76.11 million (VAT inclusive) from the Ministry of Energy, the company said in a statement to Tadawul today, June 11. The project involves rehabilitation and development of the 10-storey Ministry of Energy building, with a total building...

More Details

Healthcare | Sunday 11 June, 2023 9:08 am

Ministry of Health signs contract for diagnostic imaging PPP project in Riyadh

The Saudi Ministry of Health signed on June 8 a contract for public-private partnerships (PPP) with the winning consortium to manage and operate diagnostic imaging departments in seven hospitals. The project, which was earlier offered with the National Center for Privatization & PPP (NCP), ...

More Details