PIF-owned Humain used Nvidia’s GTC conference in Berlin to show the demand side of its AI buildout, naming its first international anchor customer and expanding its chip order from Nvidia. AI cloud ...

The long money keeps committing to Saudi Arabia even as the war presses on the current quarter, and Humain signing its first foreign anchor customer is the sharpest example. Humain used Nvidia’s ...

Saudi Aramco handed NMDC Energy three offshore EPC projects worth a combined USD 763.3 mn (c. SAR 2.86 bn), according to an ADX disclosure (pdf) from the Abu Dhabi-listed contractor. NMDC expects to ...

An expansion to the Al Duwadimi missile complex west of Riyadh, captured on satellite imagery, likely aims to produce larger solid-fuel missiles that could fly farther or carry heavier payloads, ...

A one-off boost for Electrical Industries Electrical Industries’ net income rose 10.3% y-o-y to SAR 177.7 mn in 3Q, but a one-off refund did the lifting, according to a Tadawul filing. The figure ...

INVE has raised USD 300k in pre-seed funding from Outliers Venture Capital to expand its corporate events platform and take its consumer business beyond weddings, founder and CEO Abdulrahman ...

In the meantime, defense pacts with Pakistan and Turkey are firming up, even as the Houthis keep hitting airports and oil sites. Barclays sticks to Saudi timeline Barclays is still pressing ahead with ...

Deloitte Innovation Hub plans to invest USD 40 mn more in Egypt over the next 12-18 months. Along with USD 70 mn the company has already invested, this completes Deloitte’s plan to put USD 110 mn into ...

The state’s biggest sale in years has grown to 45% of the bank and prices at the top of its range, with the EBRD ...

The up to USD 221 mn commitment buys into four of Scatec’s local projects, and the vehicle can expand across the Southern and Eastern Mediterranean ...

Good morning, friends. Tomorrow’s pricing of the state’s biggest share sale in years will tell us a lot about how foreign money now sees ...

The Alexandria Port Authority, Hassan Allam Utilities, and Al Tarek Capital will study establishing a storage, re-export, and light-manufacturing hub in Dekheila’s western hinterland ...