Al Moammar Information Systems Secures Strategic SAR 114 Million Contract with Saudi Central Bank
Al Moammar Information Systems won a SAR 114M, 3-year IT contract with Saudi Central Bank, boosting its role in Saudi fintech growth.
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Saudi Cable Company Secures Approval to Pay SAR 155 Million Zakat Dues in Installments Over 9 Years
Saudi Cable Co. will pay SAR 155M zakat dues in 36 installments over 9 years, easing cash strain but adding long-term financial obligations.
Pakistan Launches Auction to Sell 75% Stake in PIA to Attract Investment
Pakistan auctions 75% stake in PIA, aiming to attract investment and double fleet size as part of economic reforms.
Huawei Overtakes Maybach and Porsche: Maextro S800 Leads Luxury Car Sales in China
Huawei's Maextro S800 tops China's luxury car sales, surpassing Maybach and Porsche, signaling a shift to tech-driven domestic brands.
stc Completes Integration of Its Media Arm and Transfers Operations to Saudi Arabia Without Material Financial Impact
stc merged its media arm, moved operations to Saudi Arabia, with no material financial impact; services remain unchanged.
Julphar Invests SAR 300 Million to Establish Integrated Pharmaceutical Facility in Saudi Arabia
Julphar invests SAR 300M in Jeddah for a pharma plant, creating 1,400 jobs and boosting Saudi drug production and exports under Vision 2030.
Telefónica to Cut 5,500 Jobs at a Cost of €2.5 Billion as Part of Cost Reduction Plan
Telefónica will cut 5,500 jobs, costing €2.5B, to save €600M yearly from 2028, aiming to boost efficiency amid market pressures.
Trump Announces Agreements with 9 Major Pharmaceutical Companies to Lower Prices
Trump signs deals with 9 pharma firms to lower drug prices, exempting them from tariffs for 3 years, aiming to make US prices competitive.
Heirs Energies Secures $750 Million to Boost Oil Production in Nigeria
Heirs Energies secures $750M from Afreximbank to boost oil production in Nigeria, aiming to double output by 2030.
Sina'at Wins SAR 348.6 Million Contract for Algeria's 'Baladna' Strategic Project
Sina'at secures a SAR 348.6M contract for Algeria's 'Baladna' project, enhancing food security and operational scope.
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