Business & Money | Saturday 8 June, 2024 4:40 am

Saudia in talks with Airbus, Boeing for wide-body jets

Saudi Arabian Airlines (Saudia) is in talks with Airbus and Boeing over ordering wide-body jets to increase its capacity as planemakers face constraints in production slots of narrow-body aircraft, Abdullah Alshahrani, General Manager, Communication and Media Affairs, told...

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Business & Money | Saturday 8 June, 2024 4:38 am

NHC records highest evet sales of over SAR 3B in May: CEO

National Housing Co. (NHC) reported the highest sales on record in May of more than SAR 3 billion since the start of its projects, CEO Mohammed Al-Buty said in an interview with Al Arabiya.   Demand for the company's developed residential projects is on the rise. He noted that the...

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Business & Money | Saturday 8 June, 2024 4:33 am

Aramco sets final secondary offering price at SAR 27.25/shr

Saudi Aramco set the final price of its secondary offering at SAR 27.25 per share.   The announcement was made by SNB Capital, in its capacity as the lead manager, Citigroup Saudi Arabia, Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, JP Morgan Saudi Arabia Company, Merrill Lynch...

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Business & Money | Friday 7 June, 2024 3:06 pm

ENOC Group’s marine lubricants business records 120% sales growth in Greek market

ENOC Group, a leading integrated global energy player, recorded a 120% growth within its marine lubricant business in Greece during the period of 2022 to 2023. Multiple agreements have contributed to this substantial increase over the last couple of years, which is aligned with the Group’s plans...

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Business & Money | Friday 7 June, 2024 12:31 am

THE RED SEA FILM FOUNDATION LEADERSHIP UPDATE

Following a successful Cannes Film Festival, the Red Sea Film Foundation is announcing a leadership update and the transition of Mohammed Al-Turki from CEO to advisor to the Foundation. Mohammed Al-Turki will continue to support the leadership team while he returns to focus on personal projects and ...

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Business & Money | Friday 7 June, 2024 12:07 am

du Pay partners with Visa to debut innovative prepaid card in the UAE

du Pay, the advanced digital payment arm of du, made a significant move in advancing digital payments across the UAE by formalizing a partnership with Visa, a world leader in digital payments. This collaboration marks du Pay's entry as a principal member to issue Visa cards, emphasizing its...

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Business & Money | Thursday 6 June, 2024 6:56 pm

Vision Golfe 2024 : Record Attendance Signals Growing French-GCC Commercial Cooperation

 Vision Golfe 2024, held at the French Ministry of Economy, Finance, Industrial and Digital Sovereignty in Paris, has marked a significant milestone in bolstering economic relations between France and the Gulf Cooperation Council (GCC). This year’s edition witnessed unprecedented engagement...

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Business & Money | Thursday 6 June, 2024 10:04 am

Budget Saudi issues shareholder circular on issuing new shares to acquire AutoWorld 77

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...

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Business & Money | Thursday 6 June, 2024 10:01 am

2024 marks a break through for sustainability in the GCC, PwC report

 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...

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Business & Money | Thursday 6 June, 2024 10:00 am

Unusual Payroll Enhances Global Mobility with Comprehensive Solutions

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...

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