Tawuniya and Meena showcase next-gen healthcare solutions at Global Health Exhibition

Updated 1 min 24 sec ago

October 28, 2025 18:28

Tawuniya, the largest insurer in the Middle East and North Africa region, and its subsidiary Meena Healthcare, is participating in the Global Health Exhibition, taking place at the Riyadh Exhibition and Convention Center from Oct. 27–30. As a premier platform converging healthcare leaders, innovators, and policymakers from around the world to drive conversations and action on the future of care, the event enables the company to demonstrate its pivotal role at the forefront of this transformation.

As an insurance powerhouse, Tawuniya is showcasing its cutting-edge population health and digital integrated healthcare solutions at the event, while highlighting ��’s advancements in digital health and reinforcing the Kingdom’s position as a hub for healthcare innovation.

At their booth, Tawuniya and Meena provide visitors with a unique opportunity to explore and experience their integrated healthcare solutions, built on a strategic pivot from reactive to proactive care. Featured offerings include the advanced population health and occupational health platforms, the virtual case manager, and the proactive health assessment program, each designed to enable prevention, prediction, and personalized intervention tailored to each customer’s needs.

Mohammad Alsaaed, CEO of health sector at Tawuniya, said: “We are proud to join the Global Health Exhibition and demonstrate our commitment to building an integrated healthcare ecosystem centered on proactive care within ��. This strategic shift is guided by our vision to enhance the well-being of the population and our mission to nurture a healthy and productive workforce across the Kingdom, in alignment with the Quality of Life Program under Saudi Vision 2030.”

“By leveraging advanced digital tools and next-generation technologies such as data analytics and research and development, we are enabling a future where prevention is prioritized, risks are predicted before they escalate, and chronic conditions are managed with precision. Through these efforts, we are striving to set a new benchmark and a global standard of excellence in population health,” he added.

Tawuniya will also seize the opportunity to engage with global leaders, explore potential business opportunities, and unlock impactful partnerships, enabling the company to propel ��’s digital health leadership and contribute to the goal of transforming the Kingdom into an ideal destination for healthcare investment and innovation.

The Global Health Exhibition 2025 in Riyadh has become a definitive stage where healthcare innovation meets commercial opportunity, attracting over 1,000 global presenters, 1,500 exhibitors, and leading investors. Over four days, the event will convene international healthcare leaders to shape the future of the industry, spotlighting the policies, technologies, and investments transforming the sector.

ALJ Motors, Toyota conclude hydrogen mobility pilot at PNU

Updated 28 October 2025

October 28, 2025 16:29

ALJ Motors, Toyota conclude hydrogen mobility pilot at PNU

Updated 28 October 2025

October 28, 2025 16:29

Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in �� since 1955, together with Toyota Motor Corporation and Toyota Tsusho Corporation, have officially announced the conclusion of a hydrogen mobility pilot in collaboration with the Engineering College at Princess Nourah University and supporting entities. The pilot program is part of an MoU signed between the Ministry of Energy and PNU for the implementation and deployment of pilot projects for hydrogen fuel cell vehicles.

As part of the five-day pilot program, four Toyota Mirai fuel cell electric vehicles were deployed to the PNU campus. Three of the vehicles operated as student shuttles along a designated route, and a fourth Mirai was made available for on-demand test drives by faculty members, allowing the university community to engage directly with the next generation of clean transport technology.

Mazin Ghazi Jameel, managing director of Toyota marketing operations, Abdul Latif Jameel Motors, said: “This pilot reflects our commitment to supporting the Kingdom’s journey toward cleaner, safer, and more inclusive mobility in line with Saudi Vision 2030. This project demonstrates the potential and operational readiness of FCEV technology in delivering long-term societal value.”

Nobuyuki Takemura, chief representative of the Middle East regional office, Toyota Motor Corporation, said: “Toyota is proud to bring to Riyadh its first practical demonstration of hydrogen mobility with valued partners in industry, government, and academia. This project reflects our collaborative, multi-pathway approach to achieving carbon neutrality by building on the Kingdom’s strengths in clean energy production. By engaging directly with students at Princess Nourah University, we are testing the feasibility of wider FCEV deployment while inspiring the next generation to help shape ��’s sustainable future.”

Saud Alsultan, deputy general manager of Toyota Tsusho Corporation, ��, said: “We are delighted to announce the success of this hydrogen mobility trial. For the past few years, Toyota Tsusho has been working to advance hydrogen mobility in ��, and this achievement marks an important milestone toward a hydrogen-powered future in the Kingdom. We will continue our efforts to make this vision a reality, working closely with our valued partners whose support has been vital to this project.”

A centerpiece of the pilot was the installation of a cutaway model of the Toyota Mirai on the PNU campus to serve as an interactive educational exhibit, accompanied by informational displays that helped students, faculty, and visitors better understand the science behind FCEV technology. The initiative, which raised awareness of hydrogen mobility while testing the operational feasibility of FCEVs in ��, yielded valuable insights into usage patterns, refueling, and user feedback.

Additionally, the initiative’s findings build on Toyota’s multi-pathway approach to carbon neutrality, which recognizes that diverse markets require tailored solutions to match varying infrastructure readiness, energy resources, and customer needs.

In ��, with the support and leadership of government entities, this approach has been reflected in a growing portfolio of hydrogen mobility and research projects, including the Jeddah hydrogen taxi pilot, the Makkah Caetano H2.City Gold bus trial, and a research partnership with KAUST to develop region-specific fuel cell technologies.

Dar wa Emaar launches new residential project ‘Saraya Al-Ruba’

Updated 28 October 2025

October 28, 2025 12:38

Dar wa Emaar launches new residential project ‘Saraya Al-Ruba’

Updated 28 October 2025

October 28, 2025 12:38

With the launch of its latest project, Saraya Al-Ruba in East Riyadh, Dar wa Emaar continues to reinforce its standing as one of the Kingdom’s leading real estate developers. The project, developed in partnership with National Housing Company, comprises 1,155 residential units designed with contemporary architecture and integrated facilities, including private gardens, green spaces, retail centers, hospitals, and mosques. Well-planned road networks and pedestrian pathways ensure residents enjoy a safe and complete living environment.

The project witnessed exceptional demand, recording 25 percent bookings and sales within just 48 hours of its launch, a clear reflection of the market’s trust in Dar wa Emaar’s vision and the rising demand for contemporary, community-driven living in the Kingdom.

Amr Elfeky, executive director of development and investment at Dar wa Emaar, said: “Saraya Al-Ruba reflects Dar wa Emaar’s commitment to delivering advanced real estate solutions that balance quality with long-term value. It has been our vision to build integrated communities that set new benchmarks for modern urban planning in the Kingdom, and at the same time supporting the sustainable growth objectives of the housing sector.”

The project is further supported by flexible financing options, including a reduced installment program starting at SR400 ($106.6) per month over a period of up to 36 months. This scheme is available across all Dar wa Emaar projects approved by NHC under the off-plan sales program, making homeownership more accessible to a wider segment of Saudi families.

Elfeky added: “Over 18 years of experience has given us the insight to understand that today’s homebuyers are looking for more than just a house. They seek a home, complete with vibrant communities, financial accessibility, and a sense of long-term security. That is why we invest in solutions that deliver a high quality of life at a cost-effective price.”

Saraya Al-Ruba is part of the wider “Saraya” portfolio of projects that Dar wa Emaar has developed across the Kingdom. Since its establishment in 2007, the company has delivered thousands of residential units, reaffirming its commitment to building high-quality, sustainable communities that deliver long-term value for homeowners.

“At Dar wa Emaar, our ambition is to play a central role in shaping the Kingdom’s modern urban landscape. By integrating innovation, long-term value, and customer-centric planning, we aim to build communities that reflect both the aspirations of Saudi families and the wider objectives of Vision 2030,” Elfeky said.

Gas power’s central — and evolving — role in ��’s energy future

Updated 28 October 2025

October 28, 2025 12:32

Gas power’s central — and evolving — role in ��’s energy future

Updated 28 October 2025

October 28, 2025 12:32

��’s energy story is moving fast. Ambitious renewable targets sit alongside an immediate need for reliable, dispatchable power — and gas power sits squarely at the intersection of those two priorities. The Kingdom has committed to sourcing half of its power from renewables by 2030, a transformation that requires not only solar and wind build-out but also a modern, flexible gas fleet to balance intermittent generation and secure dependable energy supply during the transition.

What this means in practice is that gas power is not a stopgap; it is an enabling technology. Highly efficient, flexible, hydrogen-capable gas turbines and advanced grid solutions allow Saudi utilities to integrate large volumes of renewables without compromising reliability. GE Vernova is proud to be part of that enabling layer — delivering both equipment and the services, digital tools and local capability that turn strategy into sustained, operating reality. Recent project activity and collaborations in the Kingdom illustrate that point.

Across the Kingdom we are seeing large combined-cycle projects designed to add firm capacity while allowing rapid renewable scale-up. For example, GE Vernova has secured multiple H-class gas turbine orders to expand capacity at key projects such as Qurayyah IPP, where our 7HA.03 and 7HA.02 turbines will play a major role in providing efficient and flexible generation. These H-class units are among the most efficient and flexible heavy-duty turbines available today — a critical attribute as operators ramp up the share of renewables.

On the ground, our Saudi teams — including GESAT — are delivering complex hardware and modules at pace. Recently, our GESAT operation supplied accessory modules for the Hajr power plant expansion and rolled out the first HA.03 turbine locally for the region, a milestone that demonstrates both technical capability and maturation of the local supply chain. Local execution of outages and maintenance is also evolving: Saudi engineers and GE Vernova specialists completed a fully Saudi-led gas turbine outage at an SEC plant, showing that knowledge transfer is taking root.

Achieving Vision 2030’s goals will depend on local skills, local industry and institutional collaboration across public and private sectors. That’s why our investments in localization — through GESAT, GEMTEC and the MENA Decarbonization Center of Excellence — matter. These facilities are more than technology work benches: they are training grounds and research and development hubs for innovation in the Kingdom. The Decarbonization CoE in particular accelerates applied research and the piloting of low-carbon technologies suited to the region’s needs.

Complementing capability building, strategic agreements and MoUs signed with Saudi stakeholders over the past months have created frameworks for joint projects, local content development and long-term collaboration. These commitments — supported by large equipment orders, local deliveries, and joint forums we convene — strengthen the ecosystem needed to meet both capacity and decarbonization goals.

Looking ahead, the pathway to 2030 is clear in one respect: renewables will scale aggressively, and gas will remain the firming backbone that keeps the lights on while emissions fall. Our approach is pragmatic and multi-pronged: supply our highest-efficiency, hydrogen-ready turbines; expand local manufacturing and services so projects are delivered faster and sustain long lifecycles; and work with customers on retrofit, digital and decarbonization solutions — including carbon capture readiness and hydrogen blending where appropriate.

For industry leaders, policymakers and investors, the focus should be on integrated planning: aligning generation procurement, grid upgrades, local skill pipelines and financing to de-risk the transition. GE Vernova’s role is to bring proven technology, deep project experience and local teams that can execute at scale — helping �� achieve a resilient, affordable and lower-carbon power system by 2030 and set the foundation for net-zero ambitions thereafter.

In the end, success will be measured by megawatts delivered reliably, jobs created locally, and measurable reductions in carbon intensity. We are committed to playing our part — through advanced equipment, localized manufacturing and collaborations that turn national ambition into real, sustained progress.

The writer, Hisham Al-Bahkali, is president of GE Vernova ��.

�խ

GIB Capital completes $4.25bn debt issuances

Updated 28 October 2025

October 28, 2025 09:23

GIB Capital completes $4.25bn debt issuances

Updated 28 October 2025

October 28, 2025 09:23

GIB Capital announced the successful closing of four landmark regional transactions, reinforcing its position as a leading investment bank and debt capital markets arranger in the GCC.

GIB Capital acted as joint lead manager and bookrunner for Bahrain’s $2.5 billion dual-tranche issuance, comprising a $1.5 billion long eight-year sukuk and a $1 billion 12-year conventional bond. The issuance marked Bahrain’s second sovereign offering of 2025 and attracted orders exceeding $8.5 billion, demonstrating global investor appetite for the Kingdom’s credit.

In Oman, GIB Capital served as joint lead manager and bookrunner for Bank Muscat’s $750 million five-year bond. The issuance, the first out of Oman this year, drew robust demand of approximately $2.3 billion, reflecting investor confidence in the bank’s strong fundamentals and market leadership in Oman.

GIB Capital also acted as joint lead manager and bookrunner for the Islamic Corporation for the Development of the Private Sector, a member of the Islamic Development Bank Group, on its $500 million five-year sukuk. The transaction was more than four times oversubscribed, with total orders exceeding $2 billion, highlighting sustained investor confidence in ICD-PS’s credit strength and development mandate.

In the UAE, GIB Capital participated as joint lead manager and bookrunner for Majid Al-Futtaim’s 10-year senior sukuk. The transaction attracted $2 billion in orders and marked Majid Al-Futtaim’s return to international debt capital markets since May 2023.

Osamah Shaker, CEO of GIB Capital, said: “These successful transactions reflect GIB Capital’s deep market expertise, strong distribution platform, and commitment to supporting leading regional issuers in accessing global investors. We are proud to have contributed to these landmark issuances, which continue to advance the depth and sophistication of regional capital markets.”

GIB Capital has been providing a range of innovative and customized financial and investment banking products and solutions, including debt capital markets, capital markets advisory, mergers and acquisitions, debt advisory, asset management, and brokerage services. The firm’s products and services are fully aligned with both regional and best practices.

Jeeny to enhance urban and pilgrim mobility in Madinah

Updated 27 October 2025

October 27, 2025 11:24

Jeeny to enhance urban and pilgrim mobility in Madinah

Updated 27 October 2025

October 27, 2025 11:24

Jeeny, a smart mobility platform in the region, has announced a landmark strategic partnership with the Madinah Development Authority, in coordination with the Pilgrim Experience Program.
This collaboration establishes a crucial framework for integrating Jeeny’s services with the rapidly expanding Madinah Bus Network, setting a new digital standard for urban and pilgrim transit in one of the world’s most sacred cities.
The partnership is a decisive step toward creating a seamless and connected urban transport ecosystem, enhancing the efficiency, accessibility, and sustainability of mobility across Madinah. It directly addresses the complex challenge of managing mass passenger flow, particularly during peak pilgrimage seasons.
At its core, this partnership focuses on three critical, high-impact objectives:

Digital first- and last-mile connectivity: Providing reliable, on-demand transport to and from public bus stations, effectively solving the notorious “last-mile” barrier to public transit adoption.
Accelerating smart urban mobility: Deploying integrated technology solutions that optimize travel for millions of residents, visitors, and the rapidly growing number of pilgrims.
Building a unified transit ecosystem: Establishing a digital backbone for the city’s transport network, ensuring effective integration between Jeeny’s private transport offerings and the Madinah Bus Network infrastructure.

Driven by surging public transport, this integration addresses the growing need for smarter mobility. In 2024, the Madinah Bus services recorded more than 1.72 million passengers. With significant infrastructure expansion underway, including new routes and stations, this ridership is projected to increase by a massive 30 percent in 2025.
Crucially, this seamless access is vital during high-demand periods like the holy month of Ramadan and the Hajj season, when access to the central area is strictly controlled and reserved for public and designated shuttle buses, restricting small private vehicle entry. The Jeeny-MDA solution ensures reliable, complementary transport where it is needed most.
To further strengthen the partnership’s impact, Jeeny will offer up to 20 percent off eligible rides to and from bus stations during the first month, followed by a continuous 10 percent discount for the duration of the agreement. Users can access this benefit directly through the Madinah Bus app via an interactive banner featuring a deep link. This technology automatically launches the Jeeny app with the promotion code applied, ensuring zero friction in the user journey. The offer is valid for rides starting or ending within a 2 km radius of any bus station.
Set to officially launch on Nov. 1, this integrated service marks a new chapter in Jeeny’s partnership with the MDA. The launch builds on the success of the Eid Al-Adha campaign, where thousands of users relied on Jeeny to support pilgrim mobility, demonstrating the scalability and real-world impact of this public–private collaboration.
Aligned with Saudi Vision 2030, the partnership sets a new benchmark for collaboration between government and private sectors, advancing the national goals of improving quality of life, enabling digital transformation, and developing world-class transport infrastructure that puts residents and pilgrims at the center.

��