Business & Money | Sunday 21 April, 2024 10:20 am

Jarir lowers prices to ensure strong market share: Chairman

Jarir Marketing Co. (JMC) continues to boost its market share, which will result in further growth, Chairman Muhammad Alagil told Argaam. He added that Jarir reduced prices to ensure an increase in its market share amid fierce competition in the retail sector, leading to a decrease in profit...

More Details

Business & Money | Sunday 21 April, 2024 9:49 am

RAKEZ to showcase business set-up solutions Ras Al Khaimah offers to German investors at Hannover Messe 2024

Ras Al Khaimah Economic Zone (RAKEZ) is set to participate in Hannover Messe, one of the world’s largest manufacturing industry trade fairs, taking place from 22 to 26 April 2024, in Germany. This participation underscores RAKEZ's strategic focus on the German market and the economic zone’s...

More Details

Business & Money | Sunday 21 April, 2024 9:23 am

Tasnee shareholders approve transferring SAR 905.3M to retained earnings

Shareholders of National Industrialization Co. (Tasnee) approved transferring SAR 905.3 million from its statutory reserve, as per the financial statements for the period ended Dec. 31, 2023, to retained earnings in the general meeting held on April 18. In a statement to Tadawul, the company...

More Details

Business & Money | Sunday 21 April, 2024 9:18 am

New Murabba Development Company Showcases Commitment to Innovation and Sustainability at AACE Conference in Riyadh

New Murabba Development Company, a visionary urban destination transforming downtown Riyadh, participated in the recent Association for the Advancement of Cost Engineering (AACE) Saudi Arabia Conference, held between April 17-18, 2024 in Riyadh’s Al Faisaliah Hotel, under the theme “Navigating...

More Details

Business & Money | Sunday 21 April, 2024 9:01 am

ADNIC completes acquisition of 51% Allianz Saudi Arabia stake to drive regional growth strategy

 Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has completed the strategic acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company in Saudi Arabia.   The...

More Details

Business & Money | Saturday 20 April, 2024 5:02 am

Spain invests $3B in Saudi Arabia, new agreement to be sealed in May: Al-Hogail

Investments between Saudi Arabia and Spain are experiencing significant momentum. The value of Spanish investment in the Kingdom has exceeded $3 billion over the past decade, with 40% of it relating to the real estate sector, Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail, said in ...

More Details

Business & Money | Saturday 20 April, 2024 4:57 am

Effective fiscal policies key for enhancing resilience amid global challenges: Al-Jadaan

Minister of Finance, Mohammed Al-Jadaan, said that implementing effective fiscal policies is crucial to enhance resilience and sustainability amid the challenges facing the global economy.   Saudi Arabia reaffirms its continuous support for the financial programs provided by the...

More Details

Business & Money | Saturday 20 April, 2024 4:55 am

Continued reforms in Saudi Arabia have a positive impact on growth, job creation: IMF

Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), stated that continued reforms and investments in Saudi Arabia have a positive impact on growth, economic activity, and job creation.   In an interview with Al Arabiya at the ...

More Details

Business & Money | Saturday 20 April, 2024 12:26 am

View United appoints Al-Nefaie Investment as market maker

View United Real Estate Development Co.’s board of directors decided, on April 17, to appoint Al-Nefaie Investment Group as the market maker for its shares, according to a statement to Tadawul. The decision, subject to approval from the relevant authorities, aims to support...

More Details

Business & Money | Friday 19 April, 2024 11:03 am

Aldar partners with Siemens to make Saadiyat Grove Abu Dhabi's leading smart project

Aldar Properties (Aldar) has announced a partnership with Siemens to make Saadiyat Grove, an integrated mixed-use project under development in the cultural heart of Abu Dhabi, a leading global example of smart urban living. The agreement was signed today at the World Future Energy Summit (WFES) in...

More Details