Business & Money | Wednesday 25 September, 2024 9:58 am

Riyadh Steel shareholders nod nominal value reduction to SAR 1/share

Shareholders of Riyadh Steel Co. approved the board's recommendation to reduce the stock’s nominal value from SAR 10 to SAR 1 per share, during an extraordinary general meeting (EGM) on Sept. 24, according to a Tadawul statement. There is no change in the company’s capital...

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Business & Money | Wednesday 25 September, 2024 9:56 am

Aramco to raise up to $3B from Sukuk, sets price guidance: Report

Saudi Arabian Oil Co. (Saudi Aramco) plans to raise up to $ 3 billion in five- and 10-year US dollar-denominated Sukuk, Reuters news agency reported citing some sources. The five-year Sukuk has price guidance of US Treasuries plus around 120 basis points, while the 10-year issue has US...

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Business & Money | Wednesday 25 September, 2024 9:50 am

Riyadh Municipality signs 5 contracts worth SAR 6B to improve road quality

Riyadh Municipality signed five contracts worth SAR 6 billion aimed at improving road quality in the Saudi capital, with the scope of work covering an area of 83 million square meters for a period of five years. According to the municipality, these contracts are aimed at stepping Riyadh’s...

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Business & Money | Wednesday 25 September, 2024 8:00 am

Gulf Capital joins Abu Dhabi Sustainable Finance Declaration to support the UAE’s Green Economy

Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that it has formally joined the Abu Dhabi Sustainable Finance Declaration (ADSFD), formalising its commitment to a sustainable finance and investment industry in line with the UAE’s...

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Business & Money | Wednesday 25 September, 2024 8:00 am

Envision 2024 announces agenda with industry experts leading the charge towards AI-driven digitalization

 du, from Emirates Integrated Telecommunications Company (EITC), in partnership with the Digital Dubai, is set to host the second edition of the Envision conference. Scheduled under the theme "Gathering Nation’s Leaders for Progress with AI-Driven Digitalization," Envision 2024 will bring...

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Business & Money | Tuesday 24 September, 2024 10:36 am

Saudi Arabia Leads G20 Countries in Tourism Growth, According to Latest UN Tourism Barometer

Saudi Arabia has emerged as the fastest-growing G20 country in the latest UN World Tourism Barometer report, marking a significant milestone in the Kingdom’s rapid ascent as a global tourism destination. The Barometer highlights a 73% increase in international tourist arrivals to Saudi Arabia in...

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Business & Money | Tuesday 24 September, 2024 10:26 am

Santander Private Banking Expands Global Presence with First Regional Headquarters in DIFC

 Santander Private Banking, has established a new office in Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, reinforcing Dubai’s strategic position as a premier hub for private banking...

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Business & Money | Tuesday 24 September, 2024 10:23 am

Al Khan: ParkPoint’s Saudi Expansion Opens New Growth Horizons with Robust Government and Business Support

Mr. Omar Al Khan, Founder and Managing Partner of ParkPoint, a leading parking management and operations company in Bahrain and Saudi Arabia, emphasized that Saudi Arabia today stands as a highly attractive and dynamic investment destination, and noted that the Kingdom is experiencing a profound...

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Business & Money | Tuesday 24 September, 2024 10:06 am

The Luxury Hotel Boom: Key Drivers Shaping the Global Luxury Hospitality Sector

The global luxury hospitality sector is experiencing significant growth, driven by an influx of affluent travelers seeking exclusive personalized experiences. This is particularly true in the Middle East, a region with ambitious projects attracting the luxury tourist.  A recent viewpoint title ...

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Business & Money | Tuesday 24 September, 2024 9:34 am

UAE, IRENA partner to help developing nations raise and achieve NDC ambitions

The United Arab Emirates and the International Renewable Energy Agency (IRENA) today announced a strategic partnership to support 20 developing nations in strengthening their Nationally Determined Contributions (NDCs), under the NDC Partnership, to raise climate ambitions and drive urgent...

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