Business & Money | Wednesday 17 July, 2024 11:15 am

Jadwa Investment acquires majority stake in Tikkaway Restaurants in Saudi Arabia

Jadwa Investment has announced its latest private equity investment in the food and beverage (F&B) industry by acquiring a majority stake in Tikkaway Restaurants, marking Jadwa's first acquisition in the Kingdom’s restaurant sector.   In a statement to Argaam, the company...

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Business & Money | Wednesday 17 July, 2024 11:14 am

Tibbiyah’s subsidiary wins 2 contracts worth SAR 198.7M with NUPCO

Arabian International Healthcare Holding Co.’s (Tibbiyah) subsidiary, International Medical Supplies Co. (Premma Health), won two supply-upon-request contracts worth SAR 198.69 million with National Unified Procurement Co. (NUPCO). In a statement to Tadawul, Tibbiyah said Premma Health will...

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Business & Money | Wednesday 17 July, 2024 11:10 am

ACWA Power sells 35% of stake in 2 subsidiaries for SAR 595.9M

ACWA Power signed on July 16 a sale and purchase agreement to sell 35% of its shareholding in ACWA Power Bash Wind Project Holding Co. Ltd. and ACWA Power Uzbekistan Wind Project Holding Co. Ltd. to China Southern Power Grid International Co. Ltd. In a statement to Tadawul, the...

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Business & Money | Wednesday 17 July, 2024 11:09 am

PIF launches 3 new renewable energy JVs

The Public Investment Fund (PIF) signed today, July 16, three new agreements to localize in Saudi Arabia the manufacturing and assembly of equipment and components needed for solar and wind power.   These agreements have been entered into by the Renewable Energy Localization Company...

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Business & Money | Wednesday 17 July, 2024 10:15 am

Ministry offers 100 enablers, incentives to industrial, mining investors

Minister of Industry and Mineral Resources Bandar Alkhorayef said that the industry and mineral resources system offers up to 100 capabilities and incentives to investors in the industrial and mining sectors.   Alkhorayef explained during a strategic workshop organized by the Private ...

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Business & Money | Wednesday 17 July, 2024 8:00 am

Entering the Silver and Gold Markets with Swagger

In the first few months of 2024, gold and silver prices were in extremely bullish mood. In April this year, gold actually managed to set a new price record, while silver almost topped its three-year peak. Analysts are struggling to understand the forces motivating the bull run because US interest...

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Business & Money | Tuesday 16 July, 2024 4:09 pm

15th Real Estate Development Summit Saudi Arabia: Europe Edition recently concluded on the 4th and 5th of July in Palau de Congressos Palma de Mallorca – Spain

 Aptly themed: Connecting beyond boundaries, this edition brought over 350 decision-makers together representing top projects in Saudi Arabia and a global pool of some of the most sought-after solutions. The gathering began with a heartfelt welcome address by Ravi Kumar...

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Business & Money | Tuesday 16 July, 2024 12:12 pm

Bahri partners with SLA to provide training and employment opportunities in KSA logistics sector

Bahri, a global leader in logistics and transportation, has entered into a training agreement with the Saudi Logistics Academy (SLA), a non-profit training facility established to qualify young Saudi talent across several industries including logistics, supply chain, e-commerce, and marketing. The...

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Business & Money | Tuesday 16 July, 2024 12:06 pm

Dubai Real Estate Market Defies Expectations with Surge in Transactions

Engel & Völkers Middle East, known for its residential and commercial real estate services in the premium segment, has released its latest market report for June, highlighting the ongoing resilience and growth of Dubai’s real estate market. Despite a pullback from May's record-breaking...

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Business & Money | Tuesday 16 July, 2024 12:01 pm

Xpro India Limited to set up its 1st global manufacturing unit in Ras Al Khaimah with an investment of over AED 100 million

Xpro India Limited, part of the Birla conglomerate and a producer of dielectric films used in capacitors, is establishing its first global manufacturing unit called Xpro Dielectric Films in Ras Al Khaimah. From being the first mover in dielectric film manufacture in India, this is a momentous step...

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