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Last Updated: Tue, Jan 17 2017 | 1:59 PM |
Saudi Telecom says to buy remaining stake in SaleCo
Technology»

Saudi Telecom says to buy remaining stake in SaleCo

Tuesday, 17 January 2017 5:59 PM

Saudi telco says it has completed procedures for $106.7m deal for remaining 40% interest

US giant Dow says Saudi innovation centre set to open in H2 2018
Construction»

US giant Dow says Saudi innovation centre set to open in H2 2018

Friday, 13 January 2017 11:00 AM

Chemical major announces good progress in the construction of the centre at King Abdullah University of Science & Technology

Kingdom Holding confirms flynas deal to buy Airbus aircraft worth $8.6 billion
Technology»

Kingdom Holding confirms flynas deal to buy Airbus aircraft worth $8.6 billion

Thursday, 12 January 2017 9:48 AM

Airbus finalised a deal to sell more than 60 jets to flynas – said to be the narrow body A320neo

Saudi telco Mobily appoints new chief executive
Technology»

Saudi telco Mobily appoints new chief executive

Monday, 9 January 2017 6:08 PM

Ahmed Abdelsalam Abdelrahman will replace Ahmad Farroukh whose resignation was accepted by the Mobily board

Rosneft purchase leads $82 billion spree by sovereign investors in 2016
Banking & Finance»

Rosneft purchase leads $82 billion spree by sovereign investors in 2016

Saturday, 7 January 2017 3:30 PM

In 2017, sovereign investors are set to look more at opportunities in e-commerce and financial technology, following Saudi Arabia and SoftBank Group's plans to create a technology investment fund to hunt out deals

Abu Dhabi's Mubadala said to mull up to $15bn investment in tech fund
Banking & Finance»

Abu Dhabi's Mubadala said to mull up to $15bn investment in tech fund

Friday, 6 January 2017 7:19 PM

Mubadala Development Co is reportedly considering a commitment of $10-15bn in the SoftBank Vision Fund

Saudi Arabia says to jail suspects in Mobily insider dealing case
Markets»

Saudi Arabia says to jail suspects in Mobily insider dealing case

Friday, 6 January 2017 1:43 AM

Special Saudi committee convicts number of people; says they will be jailed for 1-2 years and face fines

Apple confirms plan to invest $1 billion in SoftBank tech fund
Technology»

Apple confirms plan to invest $1 billion in SoftBank tech fund

Thursday, 5 January 2017 9:41 AM

SoftBank has been in talks with Saudi Arabia's Public Investment Fund for an investment that could be as much as $45 billion

Etisalat, Saudi's Mobily discuss new alliance after ending management deal
Technology»

Etisalat, Saudi's Mobily discuss new alliance after ending management deal

Sunday, 25 December 2016 2:06 PM

Mobily said it its management agreement with Etisalat had expired on Friday

Zain Saudi in talks to sell mobile towers to TASC and ACWA
Technology»

Zain Saudi in talks to sell mobile towers to TASC and ACWA

Thursday, 22 December 2016 5:39 PM

Zain Saudi competitors are also studying whether to sell or merge their towers to cut costs

Saudi telco Mobily signs for SR2bn credit facility
Technology»

Saudi telco Mobily signs for SR2bn credit facility

Tuesday, 20 December 2016 11:49 AM

Loan administered by Alinma Bank, according to bourse statement

Careem closes first tranche of $500m funding round
Banking & Finance»

Careem closes first tranche of $500m funding round

Monday, 19 December 2016 11:57 AM

$350m tranche includes Sunday’s investment deal with Saudi Telecom Co and funding from Japan’s Rakuten Inc

Dubai's Careem said to be valued at $1bn after Saudi Telecom deal
Banking & Finance»

Dubai's Careem said to be valued at $1bn after Saudi Telecom deal

Monday, 19 December 2016 9:36 AM

State-owned STC this week announced plans to purchase 10% stake for $100m

2
MidEast mobile phone market slumps in Q3 amid Saudi crackdown
Retail»

MidEast mobile phone market slumps in Q3 amid Saudi crackdown

Sunday, 18 December 2016 4:44 PM

Shipments in the region totalled 23.8 million units, down 19% on Q3 2015 as Saudisation move has major impact

2
Saudi Telecom board approves $100m Careem stake buy
Banking & Finance»

Saudi Telecom board approves $100m Careem stake buy

Sunday, 18 December 2016 12:04 PM

Transaction announced in bourse filing on Sunday is subject to certain requirements, says STC


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