Business & Money | Thursday 7 November, 2024 10:00 am

Taiba Investments Joins Umrah+ Connect 2024 as Platinum Sponsor Unveils Strategic Vision for Hajj and Umrah Services

Taiba Investments announced its participation as a Platinum Sponsor at the Umrah+ Connect 2024 conference, which took place on November 4, 2024, in London. Recognized as one of the leading B2B events in the tourism and hospitality sectors, Umrah+ Connect attracts top companies from the global...

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Business & Money | Thursday 7 November, 2024 9:21 am

Culture is Saudi Arabia’s new commodity and creativity its new currency

The second edition of Athar - Saudi Festival of Creativity, the Kingdom's largest gathering of the creative marketing industry, kicked off today in Riyadh with over 1600 international and local industry leaders, experts, and young Saudi talent in attendance. Day one of the festival featured over 80 ...

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Business & Money | Wednesday 6 November, 2024 9:45 am

ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle East

ewpartners (formerly eWTP Arabia Capital), the first international investment firm to establish a Saudi-Asia cross border platform, has announced a USD $50 million investment in Leshines, the supply chain solutions arm of Chinese multinational tech company Lenovo at The Future Investment Initiative ...

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Business & Money | Wednesday 6 November, 2024 9:41 am

Almarai, The World's Largest Vertically-Integrated Dairy Company, Embarks on Digital Transformation Journey With Google Cloud

 Almarai, the world's largest vertically-integrated dairy company and the world’s fourth most valuable dairy brand in 2024, today announced a strategic partnership with Google Cloud to accelerate its digital transformation initiatives. This collaboration aims to empower Almarai to enhance...

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Business & Money | Tuesday 5 November, 2024 8:00 am

Tadweeer signs SAR 50M agreement with EXIM Bank

National Environmental Recycling Co. (Tadweeer) signed a Shariah-compliant credit facility agreement with the Saudi EXIM Bank, with a total value of SAR 50 million. In a statement to Tadawul, the company said the financing term is for one year from the date of funding the working capital...

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Business & Money | Tuesday 5 November, 2024 8:00 am

Albilad Capital buys Mövenpick Hotel & Residences in Riyadh’s Al-Ghadir for SAR 1B

Albilad Capital, through its Albilad Hospitality Fund, acquired the Mövenpick Hotel & Residences in Riyadh’s Al-Ghadir district in a deal valued at approximately SAR 1 billion. In a statement picked up by Argaam, the company said this acquisition marks a strategic entry for Albilad...

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Business & Money | Tuesday 5 November, 2024 8:00 am

Mobily, Telecom Egypt cooperate to land first Saudi subsea cable

Etihad Etisalat Co. (Mobily) and Telecom Egypt, one of the largest subsea cable operators in the region, signed a cooperation agreement to land the first Saudi submarine cable linking Saudi Arabia and Egypt. The new cable, which is wholly owned by Mobily, will pass through the Red Sea,...

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Business & Money | Tuesday 5 November, 2024 8:00 am

MUFG signs Memorandum of Understanding with the Public Investment Fund of Saudi Arabia

MUFG and The Public Investment Fund (“PIF”) of Saudi Arabia have today announced that they signed a memorandum of understanding (“MoU”) to collaborate on opportunities of mutual interest to both MUFG and PIF.   The MoU will promote regular engagement between MUFG and PIF,...

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Business & Money | Tuesday 5 November, 2024 8:00 am

Digital Cooperation Organization at Summit of the Future: Accelerating digital cooperation to drive digital prosperity

The Digital Cooperation Organization (DCO) has concluded its participation at the UN Summit of the Future ahead of the UN General Assembly High-Level Week on September 22-23, 2024. The DCO's activities emphasized multi-stakeholder digital cooperation to drive prosperity, in line with the...

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Business & Money | Monday 4 November, 2024 10:09 am

Eastern Municipality awards project to establish 2.4M-sqm industrial city in Dammam

The Eastern Province Municipality awarded today, Nov. 3, a project to establish an integrated industrial city in Dammam on an area of 2.4 million square meters (sqm), in addition to developing the infrastructure and services in the site’s industrial masterplan. The scope of work entails...

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