Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that Costa Rica and the UAE share many areas of strategic cooperation, culminating in the signing of a Comprehensive Economic Partnership Agreement (CEPA). This reflects their commitment to developing resilient,...
NEOM plans its first issuance of SAR-denominated sukuk later this year. The issuance could reach up to SAR 5 billion in value, Bloomberg reported, citing informed sources. NEOM appointed HSBC Saudi Arabia Co., Al Rajhi Bank, and The Saudi National Bank (SNB) to provide consultation on...
National Co. for Glass Industries (Zoujaj) said today, April 16, that the sixth glass container production line will cost SAR 46.6 million and is expected to be completed in December 2024. The expected financial impact of the project will appear starting in the first quarter of 2025. It...
Thimar Development Holding Co. established a new 100%-owned, one-person limited liability company named Thimar Towers Development and Real Estate Investment Co.In a statement to Tadawul, Thimar said the new company is headquartered in Riyadh, Saudi Arabia. The company was set up to support...
United International Transportation Co.’s (Budget Saudi) acquisition of Al-Jazira Equipment Co. Ltd (AutoWorld) paves the way for a new era of growth opportunities, driven by a robust and strong Saudi economy, President & Group CEO Fawaz Danish told Argaam in an...
Saudi Cable Co.’s board of directors decided yesterday, April 16, to appoint Fawaz Bin Mubarak Al-Muqbil as CEO effective today, April 17. Al-Muqbil replaced Nael Samir Fayez, who was appointed as an advisor to the company’s board of directors, according to a statement to...
National Building and Marketing Co. signed a renewal for the Shariah-compliant credit facilities agreement worth SAR 85 million with Alinma Bank, according to a statement to Tadawul. The revolving loan agreement is valid for a period of nine months, the company pointed out, adding that the...
World Vape Show launched in September 2021 and has been a huge success, expanding to 6 shows in 3 continents and growing. The show has gone on to become the most important and largest Business-to-business event globally. Part of the success is down to passion for change and drive to deliver...
Business France, the national agency supporting to the international development of the French economy, announces the second edition of "Vision Golfe," a key annual event fostering trade cooperation between France and the Gulf Cooperation Council (GCC) countries. Following the successful inaugural...
The World Bank has raised its forecast for the UAE's real GDP growth to 3.9% in 2024, compared to its previous forecast in January of 3.7%. In an economic update published today on the latest economic developments in the Middle East and North Africa region, the World Bank said it had raised...