Business & Money | Saturday 28 October, 2017 2:48 am

Foreign investors to be given full access to Saudi parallel market

Saudi Arabia plans to make its capital market more accessible to foreign investors by giving them full access to NOMU, a parallel market recently launched for small and medium-sized enterprises, Mohammed El-Kuwaiz, chairman of the Capital Market Authority (CMA) said Thursday. Non-resident...

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Business & Money | Saturday 28 October, 2017 2:06 am

Noon to launch by end of year in Saudi Arabia, says CEO

Noon, the digital marketplace created in the region, for the region and powered by the region’s leading retailers, will launch in Saudi Arabia before the end of this year, said Faraz Khalid, Chief Executive Officer.   He was addressing a panel discussion at the Future Investment...

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Business & Money | Saturday 28 October, 2017 12:05 am

High net worth expats in Saudi Arabia contributed a 42% increase in overall demand for second citizenship

According to Citizenship Invest, market leader specialized in the fastest citizenship programs to legally obtain a second passport, high net worth expats living in the Kingdom of Saudi Arabia contributed a 42 per cent increase in overall demand for a second nationality and passport in 2017. The...

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Business & Money | Friday 27 October, 2017 2:40 pm

KSA, Virgin Group to form $1 billion partnership in space projects

The Public Investment Fund (PIF) and Virgin Group will form a $1 billion partnership to invest in Virgin Galactic, The Space Ship and Virgin Orbit, the Saudi Press Agency (SPA) reported.   The agreement includes a $480 million future option for investment in the space services sector....

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Business & Money | Friday 27 October, 2017 1:41 pm

SEDCO Capital Participates in the 2nd Global Ethical Finance Forum

SEDCO Capital, one of the largest asset managers in Saudi Arabia, was invited to participate in the 2nd Global Ethical Finance Forum to discuss the interplay between Ethics, Faith, Finance and Impact.   The 2nd Ethical Finance conference, which took place in Edinburgh with the support of ...

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Business & Money | Thursday 26 October, 2017 8:37 am

Zain Saudi Arabia turnaround continues, reports 3rd consecutive quarterly profit

Zain Saudi Arabia reported its third consecutive quarterly net profit for the period ending 30 September 2017 reflecting a significant turnaround in the company’s historical performance. Ongoing focus on customer acquisitions, further improvement in quality of service and network reach and...

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Business & Money | Thursday 26 October, 2017 7:33 am

Emaar Hospitality Group appoints Ibrahima Gaye as Corporate Director of Engineering

Emaar Hospitality Group, the hospitality & leisure business of Emaar Properties PJSC, has appointed Ibrahima Gaye, an engineering expert with over 20 years’ experience - 14 in the hospitality industry - as the Corporate Director of Engineering.   To focus on innovative...

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Business & Money | Thursday 26 October, 2017 7:22 am

MoU inked to establish Solar Energy Plan 2030

The Public Investment Fund (PIF) and Softbank Vision Fund signed a memorandum of understanding (MoU) on Wednesday to establish the ‘Solar Energy Plan 2030’, which will be a new framework for development of the Kingdom’s solar energy sector. The MoU was signed during the...

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Business & Money | Thursday 26 October, 2017 7:18 am

wasl properties releases ‘wasl Opal’ for leasing

wasl properties, a subsidiary of wasl Asset Management Group, has released its highly anticipated ‘wasl Opal’ building for leasing, bringing 90 new residential units and additional retail spaces in Umm Hurair, close to Karama Central Post Office. The project reflects wasl’s...

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Business & Money | Thursday 26 October, 2017 6:49 am

Emaar wants to do more business in Saudi Arabia

Mohamed Alabbar, the Emaar Properties chairman, is keen to do further business with Saudi Arabia, and would like to help the Kingdom to develop the $500 billion Neom project announced at the opening day of the Future Investment Initiative in Riyadh. Speaking on the sidelines of the conference, ...

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