United International Transportation Co. (Budget Saudi) issued today, June 5, the shareholder circular with regard to raising capital by issuing new shares, for the purpose of fully acquiring Al Jazira Equipment Co. Ltd. (AutoWorld). The company will increase capital from SAR 711.67...
PwC Middle East’s recent sustainability report reveals that companies in the Middle East are increasingly making sustainability a priority in their corporate agenda. Four in five executives (79%) stated that they now have a formal sustainability strategy in place, with over half of them...
The business environment has become increasingly globalized in recent years, leading to companies expanding their borders, workforce, and clientele to new countries and regions. This is, however, no small feat. Internationalizing a business is time-consuming, costly, and complex. To ensure it is...
Sustained Infrastructure Holding Co. (SISCO Holding) announced that its subsidiary, International Water Distribution Co. (Tawzea), clinched a SAR 33 million contract from WEBUILD S.P.A. Saudi Arabia, entailing supplying one million cubic meters of water to Trojena Dam. In a statement to...
7 in 10 residents of Saudi Arabia are "very" or "moderately" likely to purchase a battery-electric vehicle (BEV), a figure that is projected to rise to 85% by 2035, indicating significant growth potential for BEVs in the country over the coming years. In China, the world’s largest...
Dubai Courts have signed a memorandum of understanding with the Supreme Legislation Committee in Dubai, with the aim of enhancing cooperation and integration in the field of legislative structure development, achieving justice and transparency in the judicial system, supporting the legal framework...
Riyadh Air, Saudi Arabia's new digitally native airline, took a significant step forward in its future entry into the key Chinese market by signing a Memorandum of Understanding (MoU) with China Eastern Airlines, a leading global airline based in Shanghai, at the International Air Transport...
In celebration of World Environment Day, the Marine Sports Federation is pleased to announce a pioneering collaboration with Rebound Ltd., a leader in sustainable recycled materials management. This partnership marks a significant step toward integrating sustainability into marine sports and...
Boston Consulting Group (BCG) has released its 2024 Global Asset Management Report, highlighting the Middle Eastern asset management sector's significant contribution to the industry's growth. According to the report, the region's Assets Under Management (AuM) surged by 13%, rising from $2...
Brand Finance, the leading international brand valuation consultancy, has revealed that Dubai Electricity and Water Authority (DEWA) is recognised to have the strongest commitment to environmental sustainability of any UAE brand. Brand Finance’s report also indicates that in the utility sector,...
