Business & Money | Thursday 6 June, 2024 9:56 am

SISCO Holding's Tawzea wins SAR 33M water supply contract for Trojena Dam

Sustained Infrastructure Holding Co. (SISCO Holding) announced that its subsidiary, International Water Distribution Co. (Tawzea), clinched a SAR 33 million contract from WEBUILD S.P.A. Saudi Arabia, entailing supplying one million cubic meters of water to Trojena Dam. In a statement to...

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Business & Money | Thursday 6 June, 2024 9:28 am

RIYADH AIR AND CHINA EASTERN AIRLINES SIGN MoU AT IATA AGM IN DUBAI, FOSTERING MUTUALLY BENEFICIAL CONNECTIVITY AND DIGITAL INNOVATION

Riyadh Air, Saudi Arabia's new digitally native airline, took a significant step forward in its future entry into the key Chinese market by signing a Memorandum of Understanding (MoU) with China Eastern Airlines, a leading global airline based in Shanghai, at the International Air Transport...

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Business & Money | Thursday 6 June, 2024 9:16 am

Middle East Continues its Year on-Year Growth with AuM Reaching $2.3 Trillion in 2023

 Boston Consulting Group (BCG) has released its 2024 Global Asset Management Report, highlighting the Middle Eastern asset management sector's significant contribution to the industry's growth. According to the report, the region's Assets Under Management (AuM) surged by 13%, rising from $2...

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Business & Money | Thursday 6 June, 2024 9:14 am

DEWA leads in the UAE in sustainability perceptions and brand value growth

Brand Finance, the leading international brand valuation consultancy, has revealed that Dubai Electricity and Water Authority (DEWA) is recognised to have the strongest commitment to environmental sustainability of any UAE brand. Brand Finance’s report also indicates that in the utility sector,...

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Business & Money | Wednesday 5 June, 2024 2:17 pm

Hikvision- alfanar Partnership Unveils Local Manufacturing Facility in Riyadh

Hikvision, a global leader in innovative security solutions, is proud to announce its partnership with alfanar, a prominent industrial conglomerate in Saudi Arabia, in the establishment of a state-of-the-art local manufacturing facility in Riyadh. This collaboration aims to amplify local...

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Business & Money | Wednesday 5 June, 2024 12:52 pm

Banan requests transition to Main Market

Banan Real Estate Co. announced that it submitted online a request to transition to the Main Market, on June 4, according to a statement to Tadawul. Banan’s board of directors approved on July 4, 2023, a decision to move the company to the Main Market from Nomu-Parallel Market, based on the...

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Business & Money | Wednesday 5 June, 2024 12:49 pm

REDF rents admin building from Ladun for SAR 108M

Ladun Investment Co.  signed on June 4 a contract to rent an administrative building in Aqiq, Riyadh, to the Real Estate Development Fund (REDF) for SAR 107.96 million, inclusive of VAT.   The five-year contract will come into effect on Nov. 7, 2024. The building, which...

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Business & Money | Wednesday 5 June, 2024 12:46 pm

PIF successfully prices inaugural GBP bond offering

The Public Investment Fund (PIF) successfully priced its inaugural bond offering in sterling today, June 5, at £650 million under its existing Euro Medium-Term Note program. The issuance is part of PIF’s strategy to continually diversify its funding sources. In an emailed statement to...

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Business & Money | Wednesday 5 June, 2024 11:00 am

Unusual Companies Boosts Business Success in the Netherlands with Comprehensive Support

The Netherlands boasts one of the strongest economies in Europe and a prosperous environment for businesses to grow. It has a highly skilled, talented workforce, tax incentives, an excellent strategic location, and a supportive environment for local and foreign innovative-driven entrepreneurs....

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Business & Money | Wednesday 5 June, 2024 9:41 am

RIYADH AIR AND AIR CHINA TO STRENGTHEN RELATIONS FOLLOWING THE SIGNING OF MoU AT IATA AGM IN DUBAI

Riyadh Air, the newest national airline of Saudi Arabia, has demonstrated the importance of the Chinese market following the signing of a Memorandum of Understanding (MoU) with Air China, China’s exclusive national flag carrier, on June 3, 2024, at the International Air Transport Association...

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