Business & Money | Wednesday 31 May, 2023 4:48 pm

PwC Middle East inaugurates its Regional Headquarters in Riyadh

PwC Middle East has received its Regional Headquarters licence from the Ministry of Investment (“MISA”) and the Ministry of Commerce (“MOC”) in the Kingdom of Saudi Arabia reinforcing its commitment towards Vision 2030, driving the transformation programme, and supporting ambitious local...

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Business & Money | Wednesday 31 May, 2023 2:41 pm

Chinese lighting company selects Ras Al Khaimah for its first manufacturing unit in the Middle East

Maxtron Show Lighting (MSL), a growing family-owned business from China, is setting up a state-of-the-art manufacturing unit in Ras Al Khaimah Economic Zone (RAKEZ). Located in Al Hamra Industrial Zone, the new production facility spans over 1,200 m2 and is dedicated to producing...

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Business & Money | Wednesday 31 May, 2023 12:03 pm

Nine Yards Real Estate Development breaks ground on Sea La Vie the luxurious residential project on Yas Bay

Nine Yards Real Estate Development has broken ground on Sea La Vie the iconic AED 2 billion development at Yas Bay. Sea La Vie’s site covers an area of 30,000 square meters at Yas Bay on Yas Island, one of the leading destinations for leisure and luxury in Abu Dhabi.  An...

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Business & Money | Wednesday 31 May, 2023 10:56 am

Retail residential mortgages fall to lowest level since December 2018

Residential real estate finance provided by banks to individuals declined by 55% year-on-year (YoY) to SAR 4.15 billion in April, data issued by the Saudi Central Bank (SAMA) showed.Compared to March 2023, residential real estate finance dropped by nearly SAR 3.1 billion, or 43%. Residential...

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Business & Money | Wednesday 31 May, 2023 9:49 am

WEMIX and Hub71 partner to grow global blockchain startup ecosystem

Leading Korean blockchain developer WEMIX and Hub71, Abu Dhabi’s global tech ecosystem, have signed a memorandum of understanding (MoU) to create and accelerate growth opportunities for their respective portfolio companies and Web3 startups.  As part of the partnership, WEMIX startups...

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Business & Money | Tuesday 30 May, 2023 5:11 pm

invygo and Aljabr Celebrate an Exceptional Two-year Success Story

invygo, the leading company in the car subscription market in the Middle East, and Aljabr rent a car company, one of Al Jabr Holding Group's car dealership companies (Kia, Lynk & Co, and JMC) in Saudi Arabia, celebrated their exceptional success story which began two years ago. The two...

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Business & Money | Tuesday 30 May, 2023 4:29 pm

The National Energy Services Company “TARSHID”, Launches Its Energy Efficiency Project In The Kingdom Tower In Riyadh In Collaboration With The Kingdom Center Company.

The National Energy Services Company, TARSHID, and the Trade Center Company, owned by Kingdom Holding, have signed a contract to start the detailed study required for retrofitting the Kingdom Tower in Riyadh and its associated facilities. This aims to increase energy efficiency and reduce energy...

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Business & Money | Tuesday 30 May, 2023 2:30 pm

Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh

The Chief Executive Officer of the National Industrial Development and Logistics Program (NIDLP), Eng. Suliman Almazroua and delegations from the Ministry of Transport and Logistics Services, the Transport General Authority, and Monsha’at – Saudi Arabia’s General Authority for Small and...

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Business & Money | Tuesday 30 May, 2023 1:56 pm

Art Mobility: Priceless artefacts need professional handling

For art lovers, artefacts are very important. Art market, physical or figurative source of art comprising of paintings, music, is an important sector, considering it forms an essential part of most influential homes. Moving delicate, valuable, and priceless artworks requires specialized care and...

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Business & Money | Tuesday 30 May, 2023 1:51 pm

Moro Hub collaborates with Red Hat to generate enhanced cloud, automation and security services

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC) signed a collaboration with Red Hat, the world’s leading provider of enterprise open-source solutions, to provide Red Hat Enterprise Linux, Red Hat OpenShift and Red Hat Ansible Automation...

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