Business & Money | Monday 25 August, 2025 9:38 am

MoneyGram Expands Collaboration with Tahweel Alrajhi to Strengthen Receive Network Across Saudi Arabia

MoneyGram, a leading global payments and money transfer company, today announced a significant expansion of its receive network in Saudi Arabia through an enhanced partnership with Tahweel Alrajhi, the remittance arm of alrajhi bank – one of the Kingdom’s largest and most trusted financial...

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Business & Money | Monday 25 August, 2025 9:00 am

Investment Ministry: 34 licenses issued for regional HQs in Q2 2025

The Ministry of Investment stated that 34 licenses were issued for regional headquarters in Saudi Arabia during the second quarter of 2025. According to Argaam data, the decision to halt government contracts with any foreign company or commercial entity without a regional headquarters in the...

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Business & Money | Monday 25 August, 2025 9:00 am

SRC launches Saudi Arabia's 1st RMBS transaction

Saudi Real Estate Refinance Co. (SRC) launched the first-ever residential mortgage-backed securities (RMBS) transaction in the Kingdom. This landmark transaction is part of SRC’s efforts to develop the local market and enhance liquidity in the real estate finance sector by introducing, for...

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Technology & IT | Sunday 24 August, 2025 5:43 pm

HONOR Equipped Team Falcons with HONOR Magic7 Pro to Dominate at EWC 2025

Esports had grown into more than just gaming, it became a global stage for innovation, skill, and high-level competition, and HONOR was proud to be part of this evolution. To support that vision, HONOR partnered with Team Falcons, one of the Middle East’s leading esports organizations,...

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Business & Money | Sunday 24 August, 2025 10:55 am

Almoosa secures SAR 650M credit facility from BSF

Almoosa Health Co. signed, on Aug. 21, a Shariah-compliant credit facility agreement with Banque Saudi Fransi (BSF) at a total value of SAR 650 million. The facility will extend over a period of seven years, and will be guaranteed by a promissory note, the company said in a statement to...

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Business & Money | Sunday 24 August, 2025 10:53 am

ACWA Power, SEC secure SAR 12.8B financing for Rumah 1, Nairyah 1 power projects

ACWA Power and Saudi Electricity Co. (SEC) announced the financial close of two gas-fired combined-cycle power plant projects — Rumah 1 and Nairyah 1, the companies said in two separate Tadawul statements. The financing amounted to SAR 12.8 billion ($3.4 billion) and has a duration of...

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Business & Money | Sunday 24 August, 2025 10:35 am

Saudi VC Impact46 Makes SAR +200M Bet on Baloot Developer in Landmark Gaming Deal

Impact46, one of Saudi Arabia’s most active technology investors, has made its largest bet yet, committing more than 200 million riyals ($53 million) to back Kammelna, the Saudi gaming studio best known for bringing the Kingdom’s iconic card game Baloot to mobile screens. Founded in...

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Business & Money | Sunday 24 August, 2025 10:32 am

ADNEC Group receives International Renewable Energy Certificate

ADNEC Group, a Modon Holding company, has been awarded and redeemed its first International Renewable Energy Certificates (I-REC), produced by Emirates Water and Electricity Company (EWEC), issued by Abu Dhabi Department of Energy and governed by The International Tracking Standard Foundation, the...

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Business & Money | Sunday 24 August, 2025 10:25 am

RAKEZ client session empowers business leaders with comprehensive tax guidance

 Ras Al Khaimah Economic Zone (RAKEZ) welcomed the members of its business community to a practical and engaging session titled ‘Numbers without the nonsense: Tax and accounting essentials for non-financiers’. Tailored for entrepreneurs, decision-makers, and leaders from both free zone and ...

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Business & Money | Sunday 24 August, 2025 10:23 am

Azizi Developments partners with UAE-based MPI

Azizi Developments, a leading private developer in the UAE, has announced a new contract with Modern Plastic Industry (MPI), a pioneering manufacturer of high-performance piping solutions. Under this agreement, MPI will supply UPVC pipes and fittings for high-pressure and drainage applications...

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