Business & Money | Wednesday 24 April, 2024 11:48 am

International Future of Industry Summit 2nd Edition. 6-9 May 2024.

The Saudi Arabian economy surpassed the $1.3 trillion mark in 2023 and is growing at an exponential rate, outperforming most of its G20 partners. In 2023 the Kingdom boasted a 10% surge in industrial activity, taking 16th place in the United Nations Global Manufacturing Index. With the largest...

More Details

Business & Money | Wednesday 24 April, 2024 10:08 am

DIRIYAH COMPANY ANNOUNCES ZALLAL, DIRIYAH’S FIRST MIXED-USE COMMERCIAL OFFICE AND RETAIL OFFERING

Diriyah Company today has announced details of Zallal, its first major mixed-use commercial office and retail project that is set to open in the first half of 2025 in the Bujairi District. Construction is now well underway and when completed will include two low-rise office buildings with a...

More Details

Business & Money | Wednesday 24 April, 2024 9:16 am

Flynas posts SAR 6.3B revenue in 2023, sees annual profit since 2015

Flynas CEO Bandar Al-Mohanna said that the carrier's total revenues in 2023 amounted to SAR 6.3 billion, up 32% compared to 2022. These statements came today at the Airline Economics Conference, hosted by Riyadh city on April 22-23, in which he confirmed that flynas, which was founded in 2007, ...

More Details

Business & Money | Wednesday 24 April, 2024 9:03 am

Sure wins SAR 13.9M contract from GAFT

Sure Global Tech Co. was awarded a 30-month contract valued at SAR 13.86 million (VAT inclusive) by the Saudi General Authority of Foreign Trade (GAFT) to develop commodity supply chain. In a statement to Tadawul, Sure said it will develop supply chains for essential materials, goods, as well...

More Details

Business & Money | Tuesday 23 April, 2024 1:22 pm

Alqemam inks SAR 7.3M contract to provide technical services

Alqemam for Computer Systems Co. signed, on April 22, a contract with Afaq Saher Contracting Est. to implement information technology services with technical support and operations for licenses, digital platforms, network, and information technology infrastructure for one of its clients. The...

More Details

Business & Money | Tuesday 23 April, 2024 1:06 pm

MEPCO approves SAR 1.78B budget to start cardboard factory project

Middle East Paper Co. (MEPCO) announced the start of the cardboard factory project (fifth paper line), with a production capacity of 450,000 tons, according to a statement to Tadawul. The feasibility study for the project has been completed and a final budget of SAR...

More Details

Business & Money | Tuesday 23 April, 2024 11:14 am

ACWA Power in talks for selective asset sales: CEO

ACWA Power Co. is in negotiations for selective asset sales to long-term investors such as pension funds, CEO, Marco Arcelli, said. In his remarks to Asharq on the sidelines of the World Energy Conference in Rotterdam, the Netherlands, Arcelli said long-term investors are seeking returns from...

More Details

Business & Money | Tuesday 23 April, 2024 10:54 am

Dubai Chamber of Digital Economy attracted 9 MNCs with AED304 billion combined value in 2023

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the combined market value of the nine multinational companies (MNCs) it successfully attracted to Dubai last year exceeds AED304 billion (US$82.84 billion). The...

More Details

Business & Money | Tuesday 23 April, 2024 10:51 am

ADCB's brand value surges over 8% in 2023, reaching AED 10.5 billion

Abu Dhabi Commercial Bank (ADCB) has seen the value of its brand increase 8.7 percent over the last year to reach AED 10.5 billion, according to the 2024 Banking 500 report from Brand Finance, the leading global brand valuation consultancy. As a result, ADCB has moved up four places to rank...

More Details

Business & Money | Tuesday 23 April, 2024 9:53 am

Expo Centre Sharjah concludes participation in UFI’s MEA Conference

The Expo Centre Sharjah (ECS) participated in the Global Association of the Exhibition Industry (UFI)’s Middle East and Africa (MEA) Conference, held by the UFI in Kigali, Rwanda.Saif Mohammed Al-Midfa, CEO of Expo Centre Sharjah and Chairman of the Arab Union for Exhibitions, represented the ECS ...

More Details