Business & Money | Friday 2 August, 2024 10:46 am

Al Bawani studying plans to list on Tadawul: CEO

Al Bawani Co. is currently studying plans to list on the Saudi Exchange (Tadawul), CEO Fakher Al Shawaf told Asharq News.   This strategic move aligns with the company's growth objectives and is in line with Saudi Vision 2030 goals, Al Shawaf said.   He emphasized the...

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Business & Money | Friday 2 August, 2024 10:40 am

PIF signs MoUs worth SAR 187.5B with Chinese financial institutions

The Public Investment Fund (PIF) signed six memoranda of understanding (MoUs) worth up to $50 billion with leading financial institutions.   In a statement, of which Argaam received a copy, the fund said the MoUs were signed with the Agricultural Bank of China (ABC), Bank of China...

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Business & Money | Friday 2 August, 2024 10:25 am

Al Rajhi Takaful reappoints Abdullah Al Rajhi as Chairman, Saud Al Rajhi as Vice Chairman

Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) received, on July 31, the Insurance Authority’s (IA) non-objection on reappointing Abdullah Al Rajhi as chairman for the board of directors.   The authority also approved appointing Saud Al Rajhi as vice chairman for the ...

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Business & Money | Friday 2 August, 2024 10:22 am

Sports ministry invites bids for building 2 hotels at King Abdullah Sports City

The Ministry of Sports invited bids through the Furas platform for the establishment, operation, and maintenance of two hotels at King Abdullah Sports City, Jeddah.   On its official X account, the ministry said the project spans 15,900 square meters under a 35-year...

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Business & Money | Thursday 1 August, 2024 12:08 pm

UAE Accountability Authority participates in 4th BRICS Supreme Audit Institutions meeting

A delegation from the UAE Accountability Authority (UAEAA), led by its Chairman, Humaid Obaid Abushibs, participated in the 4th Meeting of the Heads of BRICS Supreme Audit Institutions (SAIs) in Russia. The meeting was organised by the Accounts Chamber of the Russian Federation under the theme ...

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Business & Money | Thursday 1 August, 2024 12:05 pm

GCC, Indonesia launches free trade agreement talks

The Gulf Cooperation Council (GCC) and Indonesia initiated negotiations for the Indonesia-GCC Free Trade Agreement (I-GCC FTA) at the Trade Ministry in Riyadh on Wednesday. The event was highlighted by the signing of a joint statement by Indonesian Trade Minister Zulkifli Hasan and GCC...

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Business & Money | Thursday 1 August, 2024 11:57 am

Masdar and TotalEnergies to Develop a Commercial Green Hydrogen to Methanol to SAF project in Abu Dhabi

 Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed an agreement with TotalEnergies to assess the viability of developing a commercial green hydrogen to methanol to SAF (Sustainable Aviation Fuel) project. The focus of the project is to help...

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Business & Money | Thursday 1 August, 2024 10:31 am

SABIC maintains disciplined capex approach, focus on strategy

Saudi Basic Industries Corp. (SABIC) said it maintains a disciplined approach in managing capital expenditures (capex), expecting spending to range between $4 and $5 billion in 2024. The company estimated gross domestic product (GDP) growth in 2024 at 2.7%, focusing on improving its strategic...

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Business & Money | Thursday 1 August, 2024 10:15 am

GAC approves solutions’ JV agreement with JEDCO

Arabian Internet and Communications Services Co. (solutions) announced that the General Authority for Competition (GAC) has issued a non-objection to a joint venture (JV) agreement with Jeddah Development and Urban Regeneration Company (JEDCO) to establish a limited liability company. In a...

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Culture & Education | Thursday 1 August, 2024 10:15 am

Istanbul Beykent University ranks fourth in the Times Higher Education (THE) Impact Rankings 2024

Istanbul Beykent University strengthens its global presence with new partnerships and accreditations, attracting students worldwide, particularly from the Middle East. Istanbul — Istanbul Beykent University has achieved notable success in the field of sustainability and internationalization, ...

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