Business & Money | Friday 1 November, 2024 8:00 am

SNB plans SAR-denominated additional Tier 1 Sukuk issue

Saudi National Bank announced today, Oct. 31, its intention to issue SAR-denominated additional Tier 1 sukuk. In a statement to Tadawul, SNB said it mandated SNB Capital Co. as the sole book-runner, lead arranger, and lead manager for the proposed offer. The purpose of the potential offer ...

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Business & Money | Friday 1 November, 2024 8:00 am

ADES completes acquisition of 2 jack-up rigs in Southeast Asia

ADES Holding Co. acquired two jack-up rigs from Vantage Drilling International Ltd. (Vantage Drilling) in Southeast Asia. The acquisition came after all conditions precedent under the agreements, signed in September, were satisfied, the company said in a statement to Tadawul. In...

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Business & Money | Friday 1 November, 2024 8:00 am

Global Trade and Infrastructure Summit at Logimotion to highlight connectivity and sustainable infrastructure

The upcoming Global Trade and Infrastructure Summit (GTIS), taking place from 10-11 December at Logimotion, will explore the complexities of global trade and infrastructure, bringing together experts from around the world.  Based on the theme: "Fostering Connectivity, Propelling Growth",...

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Tourism & Hospitality | Thursday 31 October, 2024 3:05 pm

7 Interesting Facts About Riyadh

1. Riyadh’s Historic OriginsRiyadh, which means "gardens" in Arabic, has historical roots that trace back centuries. It was initially a small oasis town in the Najd region. In 1824, it became the capital of the Second Saudi State under Imam Turki bin Abdullah and later the capital of modern Saudi ...

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Sports | Thursday 31 October, 2024 1:51 pm

Your Move Matters! Zaecy rolls out 30x30 campaign to celebrate wellness journey

In line with the Dubai Fitness Challenge (30x30), Zaecy, the UAE-based athleisure brand that empowers people to embrace health and movement on their terms, is launching the "Your Move Matters" campaign from October 26 to November 24. The campaign invites Dubai’s residents to transform every step, ...

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Beauty & Style | Thursday 31 October, 2024 12:02 pm

MARNI UNVEILS NEW WATCH IN COLLABORATION WITH G-SHOCK

Marrying G-SHOCK’s technical innovation with Marni’s explosive creativity, the new MARNI × G-SHOCK watch is an iconic symbol of indestructible resilience and precision.  G-SHOCK’s forty-year tradition of quality, timeless products and Marni’s avant-garde approach to design,...

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Business & Money | Thursday 31 October, 2024 11:52 am

KoçSistem and SBM announce strategic partnership

Riyadh —  KoçSistem, a leading Turkish technology company with a long-standing history, is actively forming regional partnerships with global tech firms. The company has recently signed an agreement with Saudi Business Machines (SBM), Saudi Arabia’s leading provider of end-to-end...

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Business & Money | Thursday 31 October, 2024 10:34 am

Mayar’s subsidiary to manufacture elevators of Chinese firm in Saudi Arabia

Mayar Holding Co. said that its subsidiary, Gulf Elevators & Escalators Co. Ltd signed a partnership agreement with China’s Shenyang Yuanda Intellectual Industry Group Co. to manufacture its elevators and escalators products in Saudi Arbia.The company will also upgrade and develop the current ...

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Business & Money | Thursday 31 October, 2024 10:28 am

Aljazira Capital Partners with ATEL Capital Group and Guidance Investments to Launch Ijarah – A Shariah-Compliant Leasing Venture in Saudi Arabia

Aljazira Capital, a leading Saudi investment firm and subsidiary of Bank Aljazira, has entered a strategic partnership with ATEL Capital Group and Guidance Investments to launch, Ijarah, a groundbreaking Shariah-compliant operating lease business for essential equipment in Saudi Arabia. This joint...

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Business & Money | Thursday 31 October, 2024 10:15 am

Dubai real estate collaboration can build ‘greatest city in the world’

Dubai’s growing assembly of more than 22,900 real estate brokers can combine to help build the greatest city in the world through a shift to more collaborative practices. That is the vision behind a first of its kind educational programme aimed at transforming the Dubai property market, with ...

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