Business & Money | Monday 12 June, 2023 11:19 am

Musafir Business Achieves 97% Growth in the Gulf, Enters Indian Market

Musafir Business, the leading all-in-one corporate travel management platform in the region by musafir.com, has achieved a remarkable 97% increase in Gross Merchandise Volume (GMV). Surpassing pre-pandemic sales, the company is poised for a record-breaking year. Additionally, Musafir Business has...

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Business & Money | Monday 12 June, 2023 11:07 am

Bayt.com unveils the future of hiring with cutting-edge AI and smart features

Bayt.com, the Middle East's #1 job site, today announced the launch of Bayt AI+, a groundbreaking suite of artificial intelligence (AI) and smart features. Combining cutting-edge technology, the trust of over 40,000 employers, and more than two decades of experience, Bayt AI+ revolutionizes the...

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Business & Money | Monday 12 June, 2023 10:01 am

Red Sea buys 51% of First Fix for SAR 544.2 mln

Red Sea International Co. acquired a 51% stake in Fundamental Installation for Electric Work Co. Ltd. (First Fix) for a cash consideration of SAR 544.2 million. In a statement to Tadawul, Red Sea said it will pay a total of SAR 250 million to the sellers in cash, in proportion. Further, a...

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Business & Money | Monday 12 June, 2023 9:15 am

Understanding the Impact of Federal Reserve Interest Rate Changes on Gulf Markets:

Decisions made by the Federal Reserve regarding interest rates have far-reaching effects on both the domestic and global economy, including in the Gulf region. In light of ongoing speculations about the stability of GCC economies following any upcoming interest rate changes, FOREX.com’s analysts...

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Business & Money | Monday 12 June, 2023 9:12 am

AG Engineering Receives Prestigious Business Continuity Management Award from e&

AG Engineering, a leading provider of innovative engineering solutions in the UAE, has been honoured with the Business Continuity Management Award from e&. The award recognises AG Engineering's staunch commitment to ensuring uninterrupted operations and delivering exceptional services to its...

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Business & Money | Sunday 11 June, 2023 12:34 pm

Individual, corporate mortgages exceed SAR 700 bln in Q1

Mortgages provided to individuals and corporate clients by commercial banks in Saudi Arabia grew by 17% to around SAR 705.95 billion in Q1 2023, from SAR 605.50 billion in the year-ago period. Individual mortgages, which accounted for 80% of the total, increased by 19% year-on-year (YoY) to...

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Business & Money | Sunday 11 June, 2023 12:27 pm

King Abdullah Economic City Signs Agreement with Vivienda to Develop Luxury Resort

In line with efforts to establish King Abdullah Economic City (KAEC) as a vision-ready destination alongside third-party investors and partners, KAEC has announced a landmark agreement with Vivienda, a well-known hospitality brand owned by the Forus Real Estate Investment and Development Company in ...

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Business & Money | Saturday 10 June, 2023 5:44 am

Saudi-Thai Business Forum Kicks off in Riyadh

The Saudi-Thai Business Forum kicked off here Thursday with more than 50 business leaders from the Kingdom of Saudi Arabia and Thailand.The forum, organized by the Federation of Saudi Chambers (FSC), came during the official visit of the Deputy Prime Minister and Minister of Foreign Affairs of the...

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Business & Money | Saturday 10 June, 2023 5:39 am

HRSD issues 11,790 remote work contracts in 4M 2023

Saudi Ministry of Human Resources and Social Development (HRSD) issued 11,790 remote work contracts in the year to April, Al Eqtisadiah newspaper reported. The remote work, or telework, is one of the ministry's national initiatives aimed at narrowing the gap between employers and job seekers,...

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Business & Money | Saturday 10 June, 2023 4:56 am

Azizi Developments’ Park Avenue I reaches 95% completion

Azizi Developments, a leading private developer in the UAE, has announced the rapid construction progress of its prestigious Park Avenue I project, located in the highly sought-after MBR City, with its completion date set for Q3 2023. Park Avenue is a vibrant and well-connected residential...

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