Lucid Group is willing to build an electric vehicle (EV) factory in Saudi Arabia (KSA) by 2025 or 2026 and is negotiating details with the Kingdom’s ministries. As such, the maker of the $169,000 Air sedan has been in talks with Saudi Arabia’s sovereign wealth fund to build an EV plant near the Red Sea […]
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Saudi Arabia’s stc pay launched, late last week, the Qattah service, which is an integrated service that will allow customers to easily share and track expenses with multiple people, removing the stress from splitting bills. The digital payment provider service of telecommunications company offered this application that will let users equally divide the amount to […]
Red Hat, Inc., the world’s leading provider of open source solutions, announced Monday that Arab National Bank (ANB), a leading banking institution in the Kingdom of Saudi Arabia (KSA), is speeding its transformation in key areas. Those areas include digital banking, open finance and customer engagement with agile delivery and modern apps built on a […]
Saudi Telecom Company (STC) and Swedish firm Ericsson announced on Wednesday plans to delve into potential sustainable initiatives to support the Saudi telco’s network infrastructure to highlight the Kingdom’s vision. “With this new MoU, we work yet again with Ericsson to push the ICT industry’s boundaries and focus on ensuring a sustainable, environmentally viable future,” […]
Saudi Telecoms Company (STC) raised on Wednesday $966 million from its Initial Public Offering (IPO) following completion of the institutional subscription of its subsidiary Arabian Internet and Communications Services Co. Last week, the Kingdom’s state-owned telco set a price for its IPO at the highest rank of an analytical price range for Solutions by STC, […]
Samsung has announced plans to create 30,000 new youth jobs in South Korea in the next three years by expanding its corporate social responsibility initiatives (CSR), Yonhap news agency reports, citing a government statement. The plan to create 10,000 new youth jobs annually for three consecutive years was announced during a partnership announcement event between […]
Arabian Internet and Communications Services Co. revealed plans of auctioning 24 million of its shares, trusting this move will raise $960 million in its initial public offering (IPO). The company, which is a subsidiary of Saudi Telekom Company (STC), will look to auction off the shares with prices ranging between $36.26 and $40.26 per share. […]
Saudi Arabia-based telecom stc partnered on Tuesday with Swedish giant Ericsson to deploy 5G standalone (SA) for consumers and enterprises on Ericsson Cloud Native Infrastructure. This move follows a two-year partnership between both telcos signed back in 2019, when the Saudi firm deployed 5G network using Ericsson’s commercial hardware and solutions including radio access network (RAN). The new expansion on stc’s 5G Core (5GC) network, will support both 5G standalone (SA), non-standalone (NSA), in addition to 4G. […]
Popular MENA-based streaming service Anghami, announced on Wednesday six new telco partnerships and offers across Saudi Arabia, UAE, Morocco, Tunisia, and Algeria. Anghami currently boasts over 30 partnerships within the first half of 2021. Choucri Khairallah, Anghami’s Vice President of Business Development spoke to the press about the new updates that will transform Anghami as […]
Saudi Arabia’s government approved on Tuesday the issuing of the country’s first digital banking licenses to STC Bank and Abdul Rahman bin Saad Al-Rashed & Sons Co. by the Kingdom’s Finance Ministry. Abdul Rahman bin Saad Al-Rashed & Sons Co. will then form a digital bank with a capital of 1.5 billion riyals, called Saudi […]