Sign in
CLIMATE-
Tadweer plans to issue carbon credits: Nomu-listed National Environmental Recycling Company (Tadweer) tapped Net-Zero Company (Coz) to help it meet the necessary requirements to qualify for issuing carbon credits, it said in a disclosure to Tadawul. No further information was disclosed.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
LOCALIZATION-
Fresh agreements to localize wind energy steel towers: The Local Content and Government Procurement Authority signed agreements with Al Yamamah Steel Industries and the Arabian International Company for Steel Structure to localize the manufacturing of steel wind turbine towers, according to a statement. The investment ticket of the agreements was not disclosed.
TRADE-
Saudi Exim partners with three lenders to boost non-oil exports: The Saudi Export-Import Bank (Saudi Exim) signed MoUs with the Africa Finance Corporation, IDB Invest, and the Development Bank of Latin America and the Caribbean to facilitate access of Saudi non-oil exports to global markets, according to a press release.
What they said: The agreements are aimed at “developing Saudi non-oil exports and improving their competitiveness in various global markets, thereby creating new [prospects] for local exporters to access diverse markets,” Saudi Exim’s CEO Saad bin Abdulaziz Al-Khalb said.
LOGISTICS-
Mawani adds new shipping service to Jeddah Islamic Port: The Saudi Ports Authority (Mawani) added Akkon Lines’ FES shipping service to Jeddah Islamic Port, it said in a statement. The new service, which has a 3k standard container capacity, will connect the Jeddah port with the ports of Ambarli, Gebze, Gemlik, Izmir, and Iskenderun in Turkey, as well as Qingdao, Taicang, Ningbo, and Nansha in China.
AVIATION-
The General Authority of Civil Aviation signed 15 agreements and MoUs with several countries to boost cooperation in the aviation sector and expand the Kingdom’s connectivity network, according to a press release. Countries involved in the agreements included Uzbekistan, Suriname, Belarus, Cuba, Turkey, Liberia, Brunei Darussalam, Mongolia, Guinea, South Africa, and Latvia.
RETAIL-
Local fintech outfit Resal will provide Brands for Less customers with access to gift cards which can be used online and in-store to shop at the off-price retailer, according to a press release.
FINTECH-
Visa has inaugurated a new Innovation Center and office in the King Abdullah Financial District in Riyadh, according to a press release. The new facility is designed to support Visa’s digital payment solutions, and assist local fintech companies and government entities.
