Business & Money | Tuesday 24 October, 2023 10:08 am

NEOM and DSV establish US$10 billion logistics joint venture

NEOM and DSV announce a US$10 billion exclusive logistics joint venture to support the development of the ambitious projects taking shape in NEOM, Saudi Arabia. The partnership will focus on providing logistics services for NEOM in the coming years.   Under the agreement, the...

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Business & Money | Tuesday 24 October, 2023 10:06 am

Saudi EXIM Bank and Trafigura Sign Credit Facility Agreement

The Saudi Export-Import (Saudi EXIM) Bank has signed an agreement with Trafigura, a market leader in the global commodities industry, to extend a three-year credit facility of USD 500 million. In the presence of Mr. Jeremy Weir, Executive Chairman and CEO of Trafigura, the agreement was signed ...

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Business & Money | Tuesday 24 October, 2023 10:05 am

RAKEZ welcomes H.B. Fuller in a major global expansion move

H.B. Fuller, one of the world’s largest pureplay adhesives companies, chose Ras Al Khaimah as its strategic regional business centre, marking a significant milestone in its global expansion goals. The move was cemented with the acquisition of a 15,000 m2 facility of an adhesives manufacturer...

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Business & Money | Tuesday 24 October, 2023 10:02 am

Saudia Group is the Strategic Partner and Official Airline Partner of the Future Investment Initiative 2023

Saudia Group is participating in the seventh edition of the Future Investment Initiative (FII), scheduled to take place from October 24 to 26, 2023, in the capital city of Riyadh. As the strategic partner and official airline partner, this partnership aligns with Saudia Group's commitment to...

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Business & Money | Tuesday 24 October, 2023 9:50 am

DigitalX and LG Electronics Gulf to Drive Technological Advancements and Pioneer a New Digital Era

DigitalX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity & Water Authority (PJSC), signed a Memorandum of Understanding (MoU) with LG Electronics Gulf, a global provider of a broad range of technology products, AI & Robotics. The MoU was signed between Hamad Karam, Chief ...

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Business & Money | Tuesday 24 October, 2023 9:48 am

ENOC Group unveils innovative in-store audio solution, setting a new standard for ZOOM’s retail experience

ENOC Group, a leading integrated global energy player, announced a partnership with South African company ‘Shop Beat’ to enhance customer engagement and delivery of a unique shopping experience across ZOOM convenience stores. Through the partnership, ZOOM gains access to Shop Beat’s...

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Business & Money | Tuesday 24 October, 2023 9:25 am

GOSI names Osama Al-Shammari as official spokesman

The General Organization for Social Insurance (GOSI) announced appointing Osama bin Saleh Al-Shammari as its official spokesman. The decision comes within the framework of GOSI's endeavor to strengthen communication and strategic partnerships with various media outlets and provide them with...

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Business & Money | Tuesday 24 October, 2023 9:22 am

Saudi Arabia to spend SAR 1.6 trln on investments in next 10 years: Al-Jasser

Minister of Transport and Logistics Saleh Al-Jasser said that the Kingdom plans to inject SAR 1.6 trillion worth of investments in the next ten years, through partnerships with the private sector and a number of countries, according to SPA.   "We have developed two key aviation hubs, ...

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Business & Money | Tuesday 24 October, 2023 9:13 am

Saudi Electricity to sign $3 bln international syndicated facility agreement today

Saudi Electricity Co. (SEC) will sign today, Oct. 24, a $3 billion international syndicated facility agreement.   In a statement to Tadawul, the utility said the five-year facility will be secured from Saudi National Bank (SNB, Dubai Islamic Bank, Kuwait Finance House and Mashreq...

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Business & Money | Monday 23 October, 2023 1:28 pm

More than 1,300 European firms have invested in Saudi Arabia: Al Falih

Saudi Minister of Investment Khalid Al Falih said the partnership with the European Union (EU) is crucial and robust as more than 1,300 European companies have invested in the Kingdom.    In addition, significant Saudi investments have been made in most...

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