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NEWS DESK

Saudi and UAE Collaboration Saves Life of 7-Year-Old Through Cross-Border Heart Transplant

King Faisal Specialist Hospital and Research Centre (KFSHRC) in Riyadh has successfully performed a life-saving heart transplant on a 7-year-old Saudi child using an organ donated by a brain-dead donor in Abu Dhabi, United Arab Emirates. The complex procedure was made possible through seamless cross-border cooperation between the Saudi Center for Organ Transplantation and
Automotive Saudi Arabia Sport

First all-women desert rally marks milestone for motorsport and gender equality in Saudi Arabia

Toyota enters team In a country where women were only granted the legal right to drive seven years ago, Saudi Arabia hosted the fourth edition of Rally Jameel, a navigation-based off-road rally exclusively for female drivers. Held from April 21-26, 2025, the event attracted 82 participants from 37 countries, including the first-ever team from Japan, […]
NEWS DESK

Olive Rock Partners Invests in Influential Minority Stake in Shrimp Nation, a Leading Homegrown Saudi Dining Brand

Shrimp Nation, a Saudi homegrown Food & Beverage (“F&B”) brand, and one of the fastest-growing seafood restaurant concepts in the Middle East, has announced a strategic partnership with private equity firm Olive Rock Partners (“Olive Rock”), marking a major milestone in its growth strategy. Olive Rock has acquired a 30% stake in the business, setting […]
Business Saudi Arabia

Saudi Arabia to focus on water resilience

At Stormwater and Wastewater Conference The second edition of the Stormwater and Wastewater Conference will be held on June 23-24, 2025, at the Jeddah Hilton. The event is expected to bring together government officials, engineers and international experts as Saudi Arabia prepares to tackle mounting infrastructure pressures caused by rapid urbanisation and the growing
NEWS DESK

His Excellency Dr. Rumaih bin Mohammed AL-Rumaih, Vice Minister of Transport and Logistics Services inaugurates second edition of Saudi Warehousing & Logistics Expo in Riyadh

His Excellency Dr. Rumaih bin Mohammed AL-Rumaih, Vice Minister of Transport and Logistics Services, officially inaugurated the second edition of the Saudi Warehousing & Logistics Expo at the Riyadh International Convention & Exhibition Center. In his opening remarks, His Excellency emphasized that the Kingdom is witnessing a transformative leap in the logistics
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

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

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