Business & Money | Wednesday 19 March, 2025 9:47 am

UAE, European Union strengthening trade relations, promoting investment opportunities

A UAE delegation including Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Ahmed Al Sayegh, Minister of State, has visited Brussels, Belgium, for meetings with senior European Union (EU) officials and members of the Belgian government to strengthen economic ties, promote...

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Business & Money | Tuesday 18 March, 2025 2:51 pm

RIZ & MONA Consultancy Expands Operations to Saudi Arabia Through Strategic Partnerships

RIZ & MONA Consultancy, a leading name in the business consultancy and corporate services industry, is proud to announce its expansion into Saudi Arabia. Through trusted strategic partnerships, the company now facilitates business setup in Saudi Arabia for international entrepreneurs and...

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Business & Money | Tuesday 18 March, 2025 11:09 am

Al Sagr starts corrective plan to lift suspension on compulsory motor insurance product

Al Sagr Cooperative Insurance Co. said it initiated the necessary procedures to obtain approval from the relevant regulatory and supervisory authorities to resume sales of the compulsory third-party motor insurance product. In a statement to Tadawul, the company reaffirmed its full commitment...

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Business & Money | Tuesday 18 March, 2025 11:07 am

Almarai says acquisition of Hammoudeh Food Industries falls through

Almarai Co. said that its planned acquisition of Jordan-based Hammoudeh Food Industries Co. did not materialize due to factors beyond its control, as the seller was unable to meet certain conditions required to complete the transaction. In a statement to Tadawul, Almarai reaffirmed its...

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Business & Money | Tuesday 18 March, 2025 11:04 am

Alkhorayef Water raises private financing from SNB to SAR 850M

Alkhorayef Water and Power Technologies Co. (AWPT) renewed and increased its Shariah-compliant banking facilities agreement with Saudi National Bank (SNB). The agreement facilitates the issuance of all types of guarantees, letters of credit, and both long-term and short-term loans, AWPT said...

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Business & Money | Tuesday 18 March, 2025 10:58 am

Saudi Architecture Characters Map attracts investments, supports local economy: Al-Hogail

The Saudi Architecture Characters Map will play a significant role in attracting investments and supporting the local economy, Minister of Municipalities and Housing Majid Al-Hogail said. It will also enhance the Kingdom's position as a leading cultural and tourism destination, he...

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Business & Money | Tuesday 18 March, 2025 10:54 am

Media Rotana and Dubai Police, in Partnership with the Emirates Red Crescent and Dubai National School - Al Barsha, Celebrate Emirati Children's Day in the Year of Community

In celebration of Emirati Children’s Day, Media Rotana Dubai hosted a special Ramadan Iftar in partnership with the Emirates Red Crescent and Dubai National School – Al Barsha.  The event welcomed children from the Emirates Red Crescent and Dubai National School - Al Barsha, who...

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Business & Money | Tuesday 18 March, 2025 10:51 am

King Salman directs to pay SAR 3B Ramadan aid to social security beneficiaries

Saudi Arabia’s King Salman bin Abdulaziz Al Saud directed the disbursement of more than SAR 3 billion in Ramadan aid for social security beneficiaries, based on the proposal presented by Crown Prince Mohammed bin Salman, the Saudi Press Agency (SPA) reported. Each head of family will receive ...

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Business & Money | Tuesday 18 March, 2025 10:48 am

SAL to establish logistics zone at SAR 4B; joins Shareek program

SAL Saudi Logistics Services Co. (SAL) signed a preliminary agreement with Sela Co. to lease a land plot spanning 1.56 million square meters (sqm) in Falcon City, Riyadh. SAL intends to develop, construct, and operate a logistics zone on the land, according to statement to Tadawul. The...

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Business & Money | Tuesday 18 March, 2025 10:45 am

Elm shareholders OK acquisition of PIF’s equity in Thiqah

Elm Co.’s shareholders approved the authorization of an indirect interest for board members Raed Ismail and Abdullah Al-Salem in the transactions and contracts concluded between Elm and the Public Investment Fund (PIF), according to a statement to Tadawul. The approval came during the...

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