GE Vernova, Inc. (NYSE: GEV) has announced a significant order involving six 7HA.03 gas turbines and two 7E.03 gas turbines, secured from SEPCOIII Electric Power Construction Co., Ltd. The deal, integral to the construction of two new power plants, Taiba 1 and Qassim 1 in Saudi Arabia, was officially booked in March 2024, marking a […]
During this year’s Hajj pilgrimage, a deeply significant religious event for Muslims around the globe, at least 68 Indian nationals have tragically lost their lives. The toll was confirmed by a diplomat from Saudi Arabia, who spoke to AFP news agency on the condition of anonymity. The deaths have been attributed to natural causes and […]
Today marks the grand opening of Nujuma, a Ritz-Carlton Reserve, the first of its kind in the Middle East, located in the tranquil waters of the Red Sea on Ummahat Island. This exclusive retreat is set within the Blue Hole cluster of islands, renowned for their untouched beauty and vibrant marine life, offering guests an […]
Tech Mahindra, a global frontrunner in digital transformation, consulting, and business re-engineering services, has announced a strategic partnership with Etihad Etisalat (Mobily), a leading technology media and telecom (TMT) company in Saudi Arabia. This collaboration is poised to deliver state-of-the-art loyalty programs for both individual and business customers, leveraging Comviva’s GenAI-powered MobiLytix Rewards platform. Comviva, […]
In a significant development for the telecommunications sector in Saudi Arabia, solutions by stc, the forefront of digital transformation in the Kingdom and the wider region, has announced a landmark Open RAN agreement with Mavenir, a leader in cloud-native network infrastructure. This collaboration is set to launch the first commercial Open RAN network in Saudi […]
KEFI Gold and Copper Plc (AIM: KEFI), a pioneer in gold and copper exploration and development in Saudi Arabia, has announced a discovery of a third copper-gold-zinc-silver deposit in the expansive Hawiah district through its joint venture, Gold & Minerals Ltd (“GMCO”). This discovery at Abu Salal, positioned 50km south of the Hawiah Copper-Gold project, […]
VA TECH WABAG (WABAG), a prominent Indian multinational group specializing in water technology, has announced a significant order win worth USD 33.5 Million from SEPCO III Electric Power Construction Corporation (SEPCO III). This order is for the Engineering and Procurement (EP) of a 20 MLD Industrial Wastewater Treatment Plant (IWWTP) at the Ras Tanura Refinery […]
Lummus Technology, globally recognized for its innovative process technologies and energy solutions, has announced a significant contract award from Saudi Ethylene and Polyethylene Company (SEPC), a joint venture of Tasnee Sahara Olefins Company (TSOC). This contract entails the design and supply of two Short Residence Time (SRT) ethylene heaters at SEPC’s complex in Al-Jubail, Saudi […]
In a historic move, Tamara, the leading fintech platform in Saudi Arabia and the GCC region, has become the Kingdom’s first homegrown fintech unicorn. This remarkable achievement comes with the completion of a $340 million Series C equity funding round, marking a significant moment in the region’s financial technology sector. Record-Breaking Series C Funding Led […]
In a landmark move that shakes the foundations of US-Saudi relations, Congressman Matt Gaetz introduced the “Saudi Arabia December 6, 2019, Anti-Terror and Accountability Act.” This groundbreaking legislation, introduced exactly four years after the horrific NAS Pensacola terror attack, aims to hold the Kingdom of Saudi Arabia accountable for its alleged role in aiding and […]