Business & Money | Monday 18 December, 2023 12:48 pm

Jadwa Investment acquires Black Spoon Group, bolsters consumer portfolio

Jadwa Investment acquired Black Spoon Restaurants Group as part of its latest private equity investment in the food and beverage sector. Jadwa Food & Beverage Opportunities Fund fully acquired the UAE-based Black Spoon Group, which has 10 branches under three brands, including its flagship ...

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Business & Money | Monday 18 December, 2023 10:15 am

ECSSR confirmed as UAE’s Knowledge Partner during WTO’s MC13

The UAE Ministry of Economy and the Abu Dhabi Department for Economic Development have announced the Emirates Centre for Strategic Studies and Research (ECSSR) as their official Knowledge Partner in hosting the WTO’s 13th Ministerial Conference (MC13) when it convenes in Abu Dhabi in February...

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Business & Money | Monday 18 December, 2023 10:13 am

DP World to relocate its global head office to Expo City Dubai

DP World has announced plans to relocate its global head office to Expo City Dubai, marking the latest milestone in the company's 50-year journey, as it continues to expand its global supply chain solutions. The move to Expo City is part of the company’s journey from a local port operator in ...

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Business & Money | Monday 18 December, 2023 9:07 am

TAM commences work in its project with Ministry of Hajj and Umrah

Tam Development Co. started its work and tasks on its project with the Ministry of Hajj and Umrah according to its schedule after signing commencement minutes until receiving the official contract signed by both parties.   The contract was delayed due to some administrative...

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Business & Money | Monday 18 December, 2023 9:03 am

AWPT inks contract with NWC to operate, maintain Jazan water projects

Alkhorayef Water and Power Technologies Co. (AWPT) signed today, Dec. 17, a 36-month contract with the National Water Co. (NWC) for the operation and maintenance of water projects in the villages and cities of Jazan, according to a statement to Tadawul.   The company won the contract ...

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Business & Money | Monday 18 December, 2023 8:56 am

OneDegree secures funding from Dubai Insurance and launches partnership for digital asset insurance

OneDegree, Asia’s first licensed insurer for digital assets, has partnered with Dubai Insurance Co. to offer digital asset insurance in the United Arab Emirates (UAE) and support web3 players in top hubs in the region, especially the UAE, after supporting clients in successfully obtaining...

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Business & Money | Sunday 17 December, 2023 2:05 pm

EVA Pharma Announces Groundbreaking of its Research & Manufacturing Complex in Sudair

EVA Pharma, one of the fastest-growing pharmaceutical companies in the Middle East and Africa (MEA), solidifies its unwavering dedication to the Saudi market with a series of monumental achievements. This includes the groundbreaking ceremony for the state-of-the-art pharmaceutical research and...

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Business & Money | Sunday 17 December, 2023 11:40 am

Jotun’s Bold Expansion: A New Chapter in Riyadh’s Dynamic Financial District

Jotun, the global leading paint and coating manufacturers, is pleased to announce the opening of its new office in the prestigious King Abdullah Financial District (KAFD) in Riyadh. Present at the grand opening ceremony which was scheduled for December 6, 2023, were Thomas Lid, the Ambassador of...

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Business & Money | Sunday 17 December, 2023 10:40 am

Tibbiyah unit seals SAR 142.3M contract with AGU

Arabian International Healthcare Holding Co.’s (Tibbiyah) 100% owned subsidiary, Al Faisaliah Medical Systems Co.(FMS), inked on Dec. 14 a SAR 142.3 million contract with Arabian Gulf University (AGU), according to a statement to Tadawul.     The...

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Business & Money | Sunday 17 December, 2023 10:34 am

SAMA issues rules regulating BNPL companies

The Saudi Central Bank (SAMA) issued rules regulating buy-now, pay-later (BNPL) companies as part of its role in supervising and controlling these firms.  These rules define BNPL activity as a type of financing that allows a consumer to purchase goods or services...

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