RIYADH: Saudi Arabia’s food security drive is set to receive a boost as Tabuk Agricultural Development Co., also known as Tadco, signs an agreement to construct high-tech greenhouses. In a statement released on the Saudi Stock Exchange, Tadawul, the company outlined the signing of a memorandum of understanding with the Saudi Greenhouses Management and Agri … Read more
RIYADH: Telecommunications major stc Group has been named the best workplace in Saudi Arabia by the professional networking platform LinkedIn. According to a press statement, the firm was followed in second place by hospitality giga-project Red Sea Global, with energy giant Saudi Arabian Oil Co., also known as Aramco, ranked third. Motor vehicle manufacturing company Ceer … Read more
RIYADH: The Kingdom’s leading mobile wallet, stc pay, has received approval from the Saudi Central Bank to proceed with its transformation into STC Bank. This beta launch will enable selected users to upgrade their accounts from an stc pay digital wallet into an STC Bank account. They will also be provided an International Bank Account … Read more
Alghanim Industries, one of the largest privately owned companies in the MENA region, has announced its strategic partnership with Saudi Coffee Company, a wholly owned subsidiary of the Kingdom’s Public Investment Fund, through its specialty coffee brand Jazean. This partnership will support local industries and embrace Saudi Arabia’s rich coffee heritage. This milestone is further … Read more
stc records highest volume of voice calls in Grand Mosque history
stc and Nokia announced they have achieved a significant milestone by successfully testing a 5G private wireless network based on cloud-native O-RAN technology. The trial was hosted on Microsoft Azure Operator Nexus, Microsoft’s carrier-grade cloud platform. The accomplishment reinforces stc’s position as a leading technology provider in the region and also empowers businesses to accelerate … Read more
stc Group, the Kingdom’s engine of digital transformation, has announced the launch of its corporate venture capital arm, “tali ventures,” which will serve as a catalyst for innovative startups, leveraging stc Group’s ecosystem. This milestone underscores the group’s commitment to propelling technological advancement and fostering a vibrant entrepreneurial ecosystem across its operating markets.
RIYADH: Saudi Arabia’s money supply surged 10 percent in January to reach SR2.72 trillion ($726 billion), the central bank data showed. The growth was primarily driven by a substantial rise in banks’ term and savings accounts, which recorded a rise of 31 percent to reach SR864.32 billion. The overall figure, however, also includes currency outside … Read more
In its quest to provide more sporting facilities in the Kingdom, the Saudi Sports for All Federation signed an agreement with leading property developer ROSHN to establish and activate a new sports dome in SEDRA, ROSHN’s flagship project located in Riyadh. The agreement was signed at ROSHN’s offices by Prince Khaled bin Alwaleed bin Talal … Read more
Ahead of the LEAP 2024 technology conference in Riyadh, Cisco announced the findings of its AI Readiness Index in Saudi Arabia. The index, which surveyed more than 8,000 companies across 30 countries, was developed in response to the accelerated adoption of artificial intelligence. The survey shows that 93 percent of organizations in the Kingdom have … Read more