United Insurance Company, the provider responsible for mandatory insurance for vehicles crossing the King Fahd Causeway to Bahrain, has announced that, effective July 1, short-term insurance policies (three, five, and 10 days) will be available exclusively through electronic channels. The company said in a statement that the minimum insurance period available at physical insurance booths…
Saudi Arabia has raised a total of $12.35 billion from a secondary share sale in Aramco, after the Saudi oil giant exercised an over-allotment option, a document seen by Reuters showed. The deal is the culmination of a years-long effort to sell another chunk in one of the world’s most valuable companies after its record-setting IPO in 2019. It comes…
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan received a phone call from his new British counterpart David Lammy on Tuesday. During the phone call, Prince Faisal congratulated Lammy on his new role after the Labour Party’s landslide election win last week. The two ministers discussed strengthening Saudi-British relations and joint cooperation between the two…
Hasan Al-Jawad is the head of partnership at MIS Pay in Riyadh, a position he has held since March. MIS Pay is the first licensed ‘buy now, pay later’ system in Saudi Arabia. It is owned by Al-Moammer Information Systems, a publicly listed company. Al-Jawad manages its partnership and business development team. His responsibilities include…
Saudi Arabia is on target to deliver an Expo 2030 “by the world, for the world,” organizers have told event chiefs in Paris in their first progress report since Riyadh was chosen as host city. Abdulaziz Alghannam, director general of the Riyadh Expo 2030 office at the Royal Commission for Riyadh City, led the Saudi…
Intel is halting the expansion of a major factory project in Israel, which was going to pump an extra $15 billion toward a chip plant.The chip giant in December said it was going to expand an ongoing $10 billion plan at the Kiryat Gat site, in the south of the country, currently under construction.Solicited by…
In an extraordinary turn of fortune that seems destined to mold the life of the budding eight-year-old prodigy Ahmed Amin, he has received the invitation of honor from industry giant Masih Ullah Imtiaz of Imtiaz Developments. This is the most significant point of inflection in Ahmed’s life, as he has really set the life of…
Saudi Arabia is on track to boost the localization of professions related to the mining sector thanks to a new agreement signed by the Human Resources Development Fund. Inked with the Saudi Arabian Mining Co., also known as Ma’aden, the memorandum of understanding aims to enhance cooperation and partnerships between the two parties to develop…
Heavy rainfall impacted DXB operations significantly on April 16 and consecutive days, disrupting flight schedules and baggage handling The unprecedented rains in the UAE last month had no significant financial impact, although Dnata experienced a slight revenue loss. The company’s operation, which provides ground handling, cargo, travel, and flight catering services at Dubai International (DXB)…
An organisation helping Palestinian tech talent secure remote jobs, a sustainable fish leather producer in Morocco, a provider of solar-powered medical kiosks in Chad and a Peruvian company narrowing the education gap through WhatsApp learning are just four of 16 new innovative solutions from around the world that have joined the Expo Live Innovation Programme….
