Jaz Arabian Secures Aramco Gas Supply Contract Worth Over SAR 109 Million
Jaz Arabian won a SAR 109M Aramco gas contract, boosting 2026-27 profits and strengthening its role as a key supplier amid strong growth.
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.
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.
Nigeria in Advanced Talks with Google to Establish New Subsea Cable for Digital Resilience
Nigeria is in advanced talks with Google to build a new subsea cable, aiming to boost digital resilience and reduce internet outage risks.
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.
Biotech Stocks Shine: Novo Nordisk and IDEAYA Among Top Gainers After FDA Approval
Novo Nordisk stock jumped after FDA approved its oral obesity drug. IDEAYA, Neumora, and others also posted strong biotech sector gains.
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.
Italy Fines Apple $115 Million for App Store Antitrust Violations
Italy fined Apple $115M for abusing App Store dominance and imposing unfair privacy rules on developers; Apple plans to appeal.
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.
Electronic Arts Shareholders Approve $55 Billion Acquisition Led by Saudi Public Investment Fund
EA shareholders approved a $55B Saudi PIF-led buyout, making EA private and boosting Saudi investments in the gaming industry.
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