Business & Money | Thursday 11 April, 2024 8:24 am

Tomoh drives 21 companies to list shares on Nomu: Monsha’at

The Small & Medium Enterprises General Authority (Monsha'at) said that Tomoh Program supported 21 companies to list shares on Nomu-Parallel Market since its launch in June 2020 until the end of the first quarter of 2024, Al-Eqtisadiah newspaper reported.   The program relies ...

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Business & Money | Wednesday 10 April, 2024 6:07 am

China's new international land-sea trade corridor records $8.9 billion in TEUs transported

The New International Land-Sea Trade Corridor (ILSTC), which runs through the western part of China, is rapidly expanding, serving as a vital connection between the Silk Road Economic Belt, the 21st-Century Maritime Silk Road, and the Yangtze River Economic Belt. According to the People's...

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Business & Money | Wednesday 10 April, 2024 6:06 am

Forbes Middle East reveals Middle East’s Most Valuable Banks 2024

Forbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, featuring the resilient, profitable, and customer-centric banking titans in the region.As of February 23, 2024, the 30 banks had a combined value of US$581.1 billion, up 14 percent over the last 12 months. Gulf entities...

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Business & Money | Wednesday 10 April, 2024 5:28 am

KSA preferred gateway for Chinese firms in ME, GCC: Chinese Ambassador

Saudi Arabia has become the preferred gateway for Chinese companies to enter the Middle East and GCC markets, Al Eqtisadiah newspaper reported, citing Chinese Ambassador to Saudi Arabia Chen Weiqing.   Chinese and Saudi economies are highly integrated and have enormous potential for...

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Business & Money | Wednesday 10 April, 2024 5:26 am

Inbound containers rise 12.5% in March: MAWANI

The Saudi ports reported a 12.48% increase in the number of inbound containers to 265,148 TEUs in March, compared to 235,738 TEUs in the same month last year.   In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers also rose by...

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Business & Money | Tuesday 9 April, 2024 1:52 am

Olayan, Lunate acquire stakes in ICD Brookfield Place

Investment Corporation of Dubai (ICD) and Brookfield Corporation (Brookfield) today announced an agreement with Olayan Financing Company and Lunate for the sale of a 49 percent stake in ICD Brookfield Place (ICDBP), a world-class commercial and retail property located in the Dubai International...

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Business & Money | Tuesday 9 April, 2024 1:38 am

Idle Lands Program says 332M sqm land invoiced in Q1 2024

The Idle Lands Program said that over 332 million square meters (sqm) of land were invoiced in the first and second phases during Q1 2024.   In a statement, the program said it discovered and registered more than 10 sqm of land within the declared areas of cities in the first and...

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Business & Money | Tuesday 9 April, 2024 12:12 am

GAC OKs Hadeed’s acquisition of Rajhi Steel

The General Authority for Competition (GAC) gave the go-ahead for economic concentration between Hadeed and Rajhi Steel.   The approval was made after reviewing Hadeed's request to fully acquire Rajhi Steel, GAC stated on its official X account, noting that the approval was based on...

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Business & Money | Tuesday 9 April, 2024 12:01 am

Saudi Arabia's private equity investments reach $4B in 2023

Saudi Arabia witnessed an increasing interest in private equity investments from 2019 to 2023, MAGNITT said in a recent report. The Kingdom's private equity investments reached a peak of nearly $4 billion in 2023, recording growth for three consecutive years since 2020. Private Equity...

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Business & Money | Monday 8 April, 2024 10:10 pm

International Business Hub Kicks Off at GITEX Africa in May, Organized by BTECH

The Bahrain Technology Companies Society (BTECH) is set to organize theInternational Business Hub at the second edition of GITEX Africa, slated to unfoldfrom May 29 to 31 in Marrakech, Morocco.This global exhibition serves as a platform for technology firms to showcase theirproducts and solution to ...

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