Business & Money | Wednesday 18 June, 2025 8:48 am

Mubadala, Abu Dhabi Projects and Infrastructure Centre partner to explore strategic collaborations

Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a partnership agreement to foster collaborations in various areas which features a comprehensive framework for cooperation between the two...

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Business & Money | Wednesday 18 June, 2025 8:39 am

MIS secures SAR 86.7M service contract with ETEC

Al Moammar Information Systems Co. (MIS) awarded a competitive bid from the Education and Training Evaluation Commission (ETEC), with a total value of SAR 86.67 million, inclusive of value-added tax. In a statement on Tadawul, MIS said the project aims to provide test administration services,...

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Business & Money | Wednesday 18 June, 2025 8:36 am

Saudi Arabia ranks 17th in World Competitiveness 2025

Saudi Arabia moved down one notch to the 17th place in the IMD World Competitiveness Ranking 2025, issued by the World Competitiveness Center of the International Institute for Management Development (IMD).The report showed that the Kingdom ranked fourth among the G20 countries.The Kingdom recorded ...

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Business & Money | Wednesday 18 June, 2025 8:34 am

BIE gives final nod to Expo 2030 Riyadh registration dossier

Expo 2030 Riyadh’s registration dossier has received final approval during the Bureau International Des Expositions (BIE) general assembly in Paris, marking the final step in confirming Saudi Arabia as the official host country for the upcoming Expo. BIE also handed over the World Expo flag...

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Business & Money | Wednesday 18 June, 2025 8:00 am

SHL Finance signs SAR 100M credit deal with Quara Finance

SHL Finance Co. signed a Sharia-compliant credit facility and financing guarantees agreement with Quara Finance Co., under which it will provide up to SAR 100 million in financing to support Quara’s customer lending activities. In a statement to Tadawul, SHL said the financing...

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Business & Money | Tuesday 17 June, 2025 12:35 pm

Inaugural editions of International Hardware Fair Saudi Arabia and FSB Sports Show Riyadh opened doors to industry professionals in Riyadh

 The inaugural editions of International Hardware Fair Saudi Arabia and FSB Sports Show Riyadh officially opened at the Riyadh International Convention and Exhibition Center (RICEC), welcoming industry professionals from across the Kingdom. The events are jointly organized by dmg events and...

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Business & Money | Tuesday 17 June, 2025 8:12 am

Rashed Al Balooshi appointed as CEO of ADGM Registration Authority

ADGM, the international financial centre of the UAE capital, today announced the appointment of Rashed Abdulkarim Al Balooshi as Chief Executive Officer of ADGM’s Registration Authority (RA), effective immediately. The appointment reflects ADGM’s ongoing commitment to bolstering its...

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Business & Money | Tuesday 17 June, 2025 8:00 am

Riyadh Air places order for 50 Airbus A350-1000 aircraft

Riyadh Air, Saudi Arabia’s new national carrier and a Public Investment Fund (PIF) subsidiary, signed, today, June 16, an order for 50 Airbus A350-1000 aircraft. In a statement issued during the 55th edition of the Paris Air Show, the airline said the agreement includes a firm order for 25...

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Business & Money | Tuesday 17 June, 2025 8:00 am

ASAS Makeen, NHC sign SAR 240M development agreement

ASAS Makeen Real Estate Development Co. signed an agreement with the National Housing Co. (NHC) to develop parts of the Al-Mashriqia project in eastern Riyadh.According to the company’s statement on Tadawul, the 42-month contract is valued at SAR 240 million. The agreement seeks to develop...

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Business & Money | Tuesday 17 June, 2025 8:00 am

CHUBB Arabia gets IA’s nod on capital hike via bonus issue

CHUBB Arabia Cooperative Insurance Co. (CHUBB) received approval from the Insurance Authority (IA) today, June 15, to increase its capital from SAR 300 million to SAR 400 million through a bonus share distribution, according to a statement to Tadawul. On May 21, the board recommended a 33.33%...

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