Business & Money | Wednesday 29 May, 2024 10:28 am

Lenovo collaborates with PIF’s Alat to issue bonds, set up regional hub

Lenovo Group signed a strategic collaboration framework agreement and a bond subscription agreement with Alat, a Public Investment Fund (PIF) company, the Chinese firm said in a statement today, May 29.   The collaboration includes Lenovo’s plans to establish its regional Middle...

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Business & Money | Wednesday 29 May, 2024 9:58 am

Real Estate Market records over SAR 538.9B deals YTD: Justice Ministry

Saudi Arabia’s Real Estate Market recorded more than SAR 538.9 billion worth of deals year to date, Al-Eqtisadiah newspaper reported, citing the Ministry of Justice. A total of 244,000 transactions have been executed including registrations, the consolidation and sorting of real estate...

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Business & Money | Tuesday 28 May, 2024 1:48 pm

ROSHN Partners with SIMAH to Boost Transparency and Enable More Home Ownership Across the Kingdom

ROSHN Group, a national real estate developer and PIF-owned giga-project, said in a press release issued today that it had signed an agreement with the Saudi Credit Bureau (SIMAH) to access credit rating services, boost transparency, and improve its customers’ house purchasing experience.As per...

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Business & Money | Tuesday 28 May, 2024 11:31 am

Al Akaria says CEO Ibrahim Alalwan resigns

Saudi Real Estate Co.’s (Al Akaria) board of directors approved, on May 27, the resignation of Chief Executive Officer (CEO) and Managing Director Ibrahim Alalwan, as of July 31, due to personal reasons. Alalwan will continue to hold his board membership, the company said in a Tadawul filing ...

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Business & Money | Tuesday 28 May, 2024 11:29 am

Mohamed Alabbar Reveals Spectacular Music, Colour, and Fire Plaza at Dubai Square, Powered by Cutting-Edge Chinese Technology

Emaar Properties has revealed its plans for The Music, Colour, and Fire Plaza at Dubai Square in Dubai Creek Harbour. This innovative addition highlights Dubai’s commitment to cutting-edge design and creating remarkable urban experiences. Surrounding the upcoming Dubai Creek Tower, the plaza ...

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Business & Money | Tuesday 28 May, 2024 11:28 am

“SADAFCO” Announces Signing a Long-term Lease with Saudi Authority for Industrial Cities and Technology Zones (Modon) in Jazan

Saudia Dairy and Food Stuff Company (SADAFCO), a manufacturer, seller, and distributor in the food sector in the Kingdom of Saudi Arabia, announced that it has signed a long-term lease contract with the Saudi Authority for Industrial Cities and Technology Zones (Modon) in the city of Jazan for an...

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Business & Money | Tuesday 28 May, 2024 11:14 am

Ferrero Illuminates Dubai’s Sky to Unveil New Ice Cream Range in the UAE

UAE Consumers Can Indulge in Their Favourite Ferrero Chocolate – including Kinder Bueno, Kinder Bueno White, Ferrero Rocher and Raffaello – Now in Ice Cream Dubai - Ferrero, one of the world’s largest sweet packaged food companies, just announced the launch of its new Ice Cream range in...

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Business & Money | Tuesday 28 May, 2024 11:04 am

Jabal Omar licensed to operate Jumeirah hotel tower

Jabal Omar Development Co. (JODC) received on May 27 the Ministry of Tourism’s license to operate the fourth, and the final tower, of the five-star Jabal Omar Jumeirah Hotel, according to a statement to Tadawul. The developer expects a positive impact on the company’s revenue in 2024, the...

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Business & Money | Tuesday 28 May, 2024 10:59 am

Etihad Atheeb wins two projects worth SAR 45.51M with TVTC

Etihad Atheeb Telecommunication Co. (GO) was awarded, on May 27, two projects with Technical and Vocational Training Corporation (TVTC) for SAR 45.51 million, including VAT. In a statement to Tadawul, the company said that the projects duration is 12 months to provide TVTC with dedicated...

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Business & Money | Tuesday 28 May, 2024 10:56 am

MIS receives new orders worth SAR 75.2M to boost data center capacity

Al Moammar Information Systems Co. (MIS) received new orders to increase the capacity of data centers at a total value of SAR 75.2 million (including VAT), the company said in a filing to Tadawul. Further developments will be announced in due course, the company noted. In June, MIS signed a...

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