Business & Money | Monday 3 July, 2023 1:21 pm

Michael Hasbani appointed EY MENA Markets Leader

EY announces the appointment of Michael Hasbani as Markets Leader across the Middle East & North Africa (MENA) region, effective 1 July 2023. Michael will oversee the firm’s growth strategy and ensure that EY continues to play a leading role in the region’s transformation...

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Business & Money | Monday 3 July, 2023 9:11 am

SGS pens SAR 105 mln contract with Bupa Arabia

Saudi Ground Services Co. (SGS) signed today, July 2, a contract with Bupa Arabia for Cooperative Insurance Co. to provide medical insurance coverage to the former’s employees and their families, at a total value of SAR 105 million (excluding VAT).   The...

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Business & Money | Monday 3 July, 2023 9:03 am

Minister of Economy and Planning reveals UpLink Winners at WEF's Annual Meeting of the New Champions

The Minister of Economy and Planning, Faisal F. Alibrahim, attended the World Economic Forum's (WEF) Annual Meeting of the New Champions in Tianjin, China, on June 27-29, during which several key announcements were made.The three-day gathering was attended by over 1,500 global leaders from...

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Business & Money | Sunday 2 July, 2023 1:23 pm

BWHSM HOTELS CONTINUES GLOBAL EXPANSION WITH THE ADDITION OF HOTELS IN NORTH AMERICA, EUROPE, AFRICA AND ASIA INCLUDING THE UAE, OMAN AND SAUDI ARABIA

BWHSM Hotels, one of the world’s leading hotel companies, celebrates continued expansive growth of its 19 distinctive brands across every chain scale segment – from luxury to premium economy – adding several new properties to its global portfolio of hotels and resorts. Most recently, the...

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Business & Money | Sunday 2 July, 2023 1:10 pm

Arabian Pipes signs SAR 322 mln contract with Saudi Aramco

Arabian Pipes Co. won, on June 26, a contract worth nearly SAR 322 million with Saudi Aramco to supply steel pipes over 10 months, the company announced in a filing to Tadawul. The 10-month contract was also signed on June 26.  The relevant financial impact will...

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Business & Money | Sunday 2 July, 2023 12:59 pm

Emaar EC sells industrial land for SAR 366.8 mln

Emaar The Economic City (Emaar EC) signed a contract worth SAR 366.8 million to sell an undeveloped industrial land plot to Dar Al Himmah Projects Co. Ltd., one of the Public Investment Fund's (PIF) subsidiaries, Zamil Real Estate Co., and Abdullah Ibrahim...

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Business & Money | Sunday 2 July, 2023 9:10 am

Techstars, Saudi National Bank and MCIT Announce Two Founder Catalyst Programs in Saudi Arabia

Techstars, the world’s most active pre-seed investor, the Saudi National Bank (SNB) and the Saudi Ministry of Communication and Information Technology (MCIT), announced today the launch of two Techstars Founder Catalyst programs in Jeddah and Al Ahsa. The first edition of the programs...

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Business & Money | Saturday 1 July, 2023 1:15 am

Gold prices slide to 3-month low

Gold prices declined for the third straight session today, June 29, extending their lowest levels in more than three months as major central banks reiterated statements about monetary tightening to combat inflation.Gold spot prices fell 0.1% to $1,905.59 per ounce at 0749 GMT, while futures inched...

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Business & Money | Friday 30 June, 2023 2:00 pm

“Jazeera Paints” Contributes to Improving the Experience of Pilgrims in the Sacred Sites

As part of the Temperature Reduction Paint Initiative"Jazeera Paints", the leading company in the industry of paints, colors and construction solutions in KSA and MENA, is participating in applying the technology of reducing the temperature of asphalt surfaces through reflecting the...

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Business & Money | Thursday 29 June, 2023 7:01 pm

Unemployment rate among Saudis hits 8.5% in Q1 2023

The unemployment rate among Saudis increased to 8.5% in the first quarter of 2023, compared to 8% in the fourth quarter 2022, according to the General Authority for Statistics’ (GASTAT) labor force survey.    Meanwhile, the overall unemployment rate in the Kingdom...

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