Business & Money | Thursday 14 September, 2023 12:16 pm

Sumou Real Estate inks MoU with Emaar EC

Sumou Real Estate Co. signed on Sept. 13 a memorandum of understanding (MoU) with Emaar the Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC).   The MoU is valid for six months and aims to discuss ways of joint cooperation to study the available...

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Business & Money | Thursday 14 September, 2023 11:59 am

AlJazira Capital, Osus launch real estate investment fund

AlJazira Capital Co. and Osus Real Estate Co. launched a private closed-end real estate investment fund (REIT) with a targeted investment volume of more than SAR 1.7 billion.  The fund will mainly focus on developing mixed-use projects (residential, hotel, office, ...

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Business & Money | Thursday 14 September, 2023 11:55 am

Work resumes on Jeddah Tower, contractors invited to bid

Jeddah Economic Co. (JEC) resumed works on Jeddah Tower that will exceed 1,000 meter length, MEED business magazine reported, citing CEO of Kingdom Holding Talal Al Maiman. The tender is officially open, the CEO stressed, indicating that the company invites contractors to submit their bids by...

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Business & Money | Thursday 14 September, 2023 11:54 am

CMA plans regulations review, studies 50 new IPOs: El-Kuwaiz

As many as 19 businesses are waiting to complete listing procedures in the Saudi financial market, Chairman of Capital Market Authority (CMA) Mohammed El-Kuwaiz said on the sidelines of the EFG Hermes Saudi Forum in London. The CMA is also considering almost 50 listing applications, he...

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Business & Money | Thursday 14 September, 2023 11:45 am

Wenza chooses Ras Al Khaimah as base for its cutting-edge production facility

Leading metal cutting tools designer and manufacturer Wenza established its production facility in Ras Al Khaimah. This state-of-the-art facility will be dedicated to the production of carbide and superhard material inserts used in industrial machines intended for turning, milling, threading, and...

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Business & Money | Thursday 14 September, 2023 11:35 am

Careem upgrades travel experience for KAFD residents and visitors

Careem, the region’s leading multi-service platform, partners with King Abdullah Financial District Development & Management Company (KAFD DMC), to upgrade and streamline the travel experience for residents and visitors of KAFD, the country’s prime business and lifestyle hub. The...

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Business & Money | Thursday 14 September, 2023 11:29 am

Emirates NBD Group makes strategic equity investment in sustainability start-up Erguvan

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has made an investment in Erguvan, a climate and financial technology venture aimed at providing financial institutions and corporations with digital infrastructure, enabling them to manage the...

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Business & Money | Thursday 14 September, 2023 11:17 am

‘IMARAT Group’ Highlights Pakistan’s $40 Billion Housing Investment Potential at Cityscape Global

With 70% of overseas Pakistanis channeling their remittances into the property and contributing USD12 billion annually there's no denying the sector's centrality to Pakistan's economy – Shafiq Akbar, CEO, IMARAT Group, today said at Public Private Partnership Forum set up at Cityscape...

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Business & Money | Thursday 14 September, 2023 10:59 am

Investcorp Announces COP28 Sponsorship

Investcorp, a global leader in alternative investments, announced its role as an “Associate Pathway Partner” to the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (“COP28”) taking place in Dubai, United Arab Emirates from November 30 to December...

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Business & Money | Thursday 14 September, 2023 1:13 am

CMCER signs SAR 5.8 mln appendix to NEOM agreement

Canadian Medical Center Co. (CMCER) signed an appendix at a total value of SAR 5.8 million to the agreement concluded earlier to  manage and operate clinics in NEOM, under which CMCER will provide medical staff. The entire agreement is now valued at SAR 13.2 million.   The...

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