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Saudi

Alec
Business

Alec achieves 29% YoY growth in 2024

Boosted by subsidiaries and Saudi rollout Alec Engineering and Contracting ( Alec), one of the largest construction firms in the Middle East region, achieved 29% year-on-year (YoY) revenue growth in 2024, driven by strong performance from its subsidiaries and the company’s expansion into Saudi Arabia from neighbouring UAE. This solid growth also coincided with a […]
NEWS DESK

Saudi Real Estate Refinance Company (SRC) Completes Pricing

PR News Desk
The Saudi Real Estate Refinance Company (SRC), a PIF Company, has successfully completed the pricing of its first government-guaranteed international Sukuk, valued at USD 2 billion. The issuance, structured in two tranches with maturities of three and ten years, was oversubscribed 6 times, reflecting strong demand from more than 300 institutional investors. This Sukuk is
NEWS DESK

International Contracting Conference (ICC) at Big 5 Construct Saudi paves the way for innovation and collaboration

PR News Desk
Saudi Arabia’s construction industry is rapidly evolving, fueled by technological advancements, strategies in large-scale projects, policy reforms and sustainability. Returning once again at Big 5 Construct Saudi, the International Contracting Conference (ICC), organized by the Saudi Contractors Authority (SCA) and dmg events and taking place on 15-16 February, will host
NEWS DESK

Healthcare London welcomes three prestigious new partners to expand world-class healthcare services for Saudi & wider GCC patients

PR News Desk
Healthcare London, a collaborative network of leading private healthcare providers and NHS teaching hospitals, proudly announces new partnerships with three renowned clinics and hospital groups: Proton International London, The London Psychiatry Clinic, and Priory. These partnerships mark a significant step in strengthening Healthcare London’s ability to serve
Mark Pussard
NEWS DESK

Gulf Markets Dip on Fed Rate Worries; Qatar and Saudi Gain as Oil Rises, Gold Surges Amid Geopolitical Uncertainty – APM Capital Market Report

PR News Desk
GCC market Most stock markets in the Gulf ended lower on Monday, hurt by concerns that the U.S. Federal Reserve would slow its pace of interest-rate cuts, while the Qatar and Saudi indices rose amid higher oil prices. Dubai’s benchmark stock index slipped 0.6%, weighed down by losses in utilities, consumer staples and industry sectors. […]
NEWS DESK

Saudi-based Alinma Bank and Dell Technologies Collaborate to Enhance Financial Services Innovation through Data Center Transformation

PR News Desk
Dell Technologies and Alinma Bank today signed a Memorandum of Understanding (MoU) to accelerate the Saudi-based bank’s digital transformation initiatives. The MoU signed during the 24 Fintech Summit in Riyadh by Mohammed Talaat, VP, KSA & Egypt at Dell Technologies and Yaser Alofi, Chief Information Officer (CIO) at Alinma bank marks a significant step forward in
NEWS DESK

Embraer welcomes H.R.H Prince Fahad Bin Mansour Bin Nasser Bin Abdulaziz Al-Saud, The Head of the Saudi Startup20 Delegation powered by NEOM

PR News Desk
H.R.H Prince Fahad bin Mansour bin Nasser bin Abdulaziz Al-Saud, The Head of the Saudi Startup20 Delegation Powered by NEOM, was warmly greeted on Friday at Embraer’s headquarters in São José dos Campos, Brazil, during the saudi delegation Startup ecosystem tour. The visit focused on groundbreaking innovations in the area of aviation, urban air mobility, […]
Education Saudi Arabia

Aramco to invest $100 million in KAUST

Arnold Pinto
For a Saudi research initiative Aramco has pledged $100 million over the next decade to the Saudi Arabia-based King Abdullah University of Science and Technology (KAUST). The investment reflects Aramco’s dedication to supporting cutting-edge research in Saudi Arabia. It also aims to accelerate innovation in the Gulf state and address some of the most urgent […]
Alstom
NEWS DESK

Alstom opens its regional headquarters in Saudi capital Riyadh

Alstom, the global leader in green and smart mobility solutions, today proudly inaugurates its opening of their regional headquarters in Riyadh. This significant step underscores Alstom’s commitment to advancing sustainable mobility and its long-standing role in shaping the region’s railway development. Strategically located in the capital of Saudi Arabia, the new