Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, opens tomorrow for its sixth edition. From 30 April to 2 May 2024 at the Riyadh International Convention and Exhibition Centre (RICEC), the event will feature over 340 exhibitors from 26 countries and is...
Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of Al Rajhi Bank, announced today that Al Rajhi Bank has achieved its highest quarterly profits since its founding, with a net income reaching 4,405 million riyals for the first quarter of 2024. This represents an increase of...
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has consolidated its position as the principal hub for the (re)insurance industry, with the highest gross written premiums (GWP) recorded in its 20-year history at ...
Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Tiit Riisalo, Minister of Economic Affairs and Information Technology in the Republic of Estonia. The meeting explored the possibilities for expanding cooperation in key sectors between the two countries, including the...
The AIM Investment Summit 2024 announced the organisation of over 450 dialogue sessions, featuring 900 speakers and experts from around the globe, in collaboration with 330+ local, international, and global partners. Twenty-four of these partners serve as supporting sponsors of the main conference, ...
The Board of Directors of Response Plus Holding PJSC (ADX: RPM), has announced the distribution of AED20 million in dividends to shareholders for the fiscal year ending on December 31, 2023. The announcement was ratified during the Annual General Assembly held on April 26 at the RPM...
Middle East Specialized Cables Co. (MESC) secured a Shariah-compliant credit facility worth SAR 100 million with Al Rajhi Bank on April 28, according to a statement to Tadawul. The facility, which runs for one calendar year, will go for financing the company's working capital, it...
Marriott International signed an agreement with NEOM to open its second Ritz-Carlton Reserve in Saudi Arabia. Anticipated to open in Trojena, a year-round mountain destination located in the northwest region of the country, the property will offer a complete escape into a private world of...
The Real Estate General Authority (REGA) issued 33 off-plan sales licenses in Q1 2024 to provide 13,907 new units available in the market. REGA’s Official Spokesperson, Tayseer Al-Mufarrej, said that there are 153 qualified developers engaged in real estate development activities across ...
Saudi Aramco is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery Co. (SASREF) with Chinese partner Rongsheng Petrochemical Co. Ltd. (Rongsheng) and significant investments in the Saudi and Chinese petrochemical sectors, in partnership with...