Business & Money | Tuesday 25 June, 2024 8:38 am

Sharjah Chamber concludes participation in Sri Lanka International Industry Expo 2024

The Sharjah Chamber of Commerce and Industry (SCCI) has successfully wrapped up its participation in the International Industry Expo 2024, held in Colombo, Sri Lanka, from 19th to 23rd June. The exhibition featured 25 industry sectors and over 1,000 exhibitors, covering an extensive products...

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Business & Money | Tuesday 25 June, 2024 8:28 am

Siemens secures $1.5B contract to develop 2 power plants in Saudi Arabia

Germany’s Siemens Energy AG said it secured a 25-year contract from Saudi Arabia to develop two power plants, with a total value of $1.5 billion. Siemens Energy will build the Taiba 2 and Qassim 2 power plants. These will be among the largest and most efficient globally, located in the...

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Business & Money | Tuesday 25 June, 2024 8:25 am

RSG set to open Desert Rock, Sheybarah resorts in 2024

Red Sea Global (RSG), the developer of Amaala, has to date opened three resorts at The Red Sea destination, and plans to open the Desert Rock and Sheybarah resorts this year, Ahmad Ghazi Darwish, Chief Administrative Officer, told Al-Arabiya. He added that 11 luxury hotels will be...

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Business & Money | Tuesday 25 June, 2024 8:18 am

Kuwait Finance House considers bidding for stake in SAIB: Report

Kuwait Finance House (KFH) is studying the acquisition of a large stake in The Saudi Investment Bank (SAIB), Bloomberg reported today, June 24, citing unnamed sources with knowledge of the matter. KFH is considering a potential investment in the Saudi bank to enhance its regional presence....

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Business & Money | Tuesday 25 June, 2024 8:13 am

CAPELLA HOTELS AND RESORTS ANNOUNCES NEW WELLNESS-CENTRED RESORT AT NEOM

 Capella Hotels and Resorts announces its first coastal destination in Saudi Arabia, set within NEOM at Elanan, one of Magna’s destinations, against the backdrop of stunning desert mountains and the Gulf of Aqaba coastline. The resort will open an exclusive wellness retreat as part of the...

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Business & Money | Tuesday 25 June, 2024 8:11 am

ENOC Group inks co-operation agreement with Emirates Auction to optimise business operations

In line with the UAE Government’s efforts to eliminating bureaucracy in state bodies and institutions, ENOC Group, a leading integrated global energy player, and Emirates Auction, the leading UAE based auction company in the Middle East, signed a Memorandum of Understanding (MoU) aimed at...

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Business & Money | Monday 24 June, 2024 1:30 pm

GBB Venture is all set to host the 15th Real Estate Development Summit Saudi Arabia: Europe Edition

GBB Venture is all set to host the 15th Real Estate Development Summit Saudi Arabia: Europe Edition on the 4th and 5th of July 2024 at Palau de Congressos, Palma de Mallorca, Palma - Spain. With a pre-qualified, elite attendance of over 100+ Saudi Arabian Project Companies and 80 Global Solution...

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Business & Money | Monday 24 June, 2024 11:35 am

DIFC Innovation Hub and du join hands to foster SME innovation

du, from Emirates Integrated Telecommunications Company (EITC), today announced a strategic partnership agreement with DIFC Innovation Hub to launch the 'du Business Entrepreneurship Programme', designed to provide substantial support to entrepreneurs and start-ups, focusing on cutting-edge...

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Business & Money | Monday 24 June, 2024 10:53 am

Budget Saudi names Ibrahim Almojel Chairman, Abdulwahab Albetari Deputy

United International Transportation Co.’s (Budget Saudi) board of directors appointed Ibrahim Almojel (Independent member) as Chairman and Abdulwahab Albetari as Deputy Chairman, according to a statement to Tadawul.   The board also approved the formation of the audit,...

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Business & Money | Monday 24 June, 2024 10:41 am

Alliance Française to Open at Hayy Jameel in Jeddah

Declaration of intent to establish Hayy Jameel in Jeddah as the new home of Alliance Française Saudi Arabia (AFAS) made in the presence of HE Ambassador of France M. Ludovic Pouille, the Consul General of France in Jeddah, M. Mohammed Nehad, the President of Alliance Francaise M. Zaher Al...

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