Industry

Saudi Arabia is on the verge of rolling out its comprehensive plan for enhancing human skills within the industrial and mining domains, as stated by Eng. Faris Alsaqabi, the Deputy Minister of Industry and Mineral Resources for Human Capacity Development. The upcoming announcement will reveal the national strategy and accompanying programs aimed at nurturing talent and meeting the sector's objectives....

The Kingdom of Saudi Arabia is on the verge of unveiling a comprehensive strategy aimed at enhancing the skills and capabilities of workers within the industrial and mining domains. This initiative, outlined by the Deputy Minister of Industry and Mineral Resources for Human Capacity Development, Eng. Faris Alsaqabi, is rooted in the development of national programs designed to bolster the...

Saudi Arabia is charting a course toward economic transformation and societal improvement by aligning with the principles of the Fourth Industrial Revolution, as it commenced with the launch of its Vision 2030 plan on April 25, 2016. This blueprint, featuring the National Industrial Development and Logistics Program (NIDLP), is designed to drive domestic high-growth sectors and attract foreign capital, while...

Saudi Arabia has set its sights on a revolutionary transformation, embracing the advanced technological era known as the Fourth Industrial Revolution. With the unveiling of its Vision 2030 on April 25, 2016, the nation is focused on diversifying its economy and propelling societal progress through strategic initiatives such as the National Industrial Development and Logistics Program (NIDLP).This ambitious program is...

The financial technology sector in Saudi Arabia is experiencing a surge, with the Kingdom becoming a hotspot for fintech development. Fortis, a fintech firm based in the UAE, is introducing its integrated solution that includes point of sale, customer relationship management, payments, and order management to aid small and medium-sized enterprises (SMEs) within the country.During a conversation with Arab News,...

In an effort to drive its economic diversification, Saudi Arabia is intensifying its industrial and mining sector relations with the Netherlands, following a series of high-level visits and meetings. The Kingdom's industry minister made a significant trip to the Netherlands, engaging with top manufacturing companies.During a visit to the Philips Medical Devices factory in Eindhoven, the minister held discussions with...

During a series of strategic encounters in Morocco, Saudi Arabia's Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, engaged in talks with officials from Iraq, Sudan, Libya, and Palestine. The purpose of these discussions was to bolster industrial integration between Arab countries and to emphasize the rich opportunities found within Saudi Arabia's mining industry.In individual meetings with Iraqi...

The digital and cloud transformation company's stock witnessed a surge of up to 15% following its strategic partnership with NVIDIA to enhance the capabilities of its icxPro platform.Mastek Ltd, with a market valuation of Rs 8,870.23 crore, saw its shares trade positively at Rs 2,874.35 crore. This marks an approximate 11.24% increase from the prior closing value of Rs 2,479.10...

Hikvision, a global pioneer in creating advanced security solutions, has joined forces with alfanar, a distinguished Saudi Arabian industrial group, to set up a high-tech manufacturing unit in Riyadh. This partnership is designed to elevate local production by crafting premium quality security devices within the region. The alliance aligns with the objectives of Saudi Arabia's Made in Saudi program, part...

Based in Jeddah, Saudi Arabia, SEDCO Capital, an investment firm recognized for its adherence to Shariah principles and commitment to Environmental, Social, and Governance (ESG) standards, has recently announced an extension for its SC Multi Asset Traded Fund (referred to as "the Fund") subscription period, which will now conclude on June 27, 2024. The subscription window for the Fund was...