Business & Money | Sunday 21 April, 2024 9:18 am

New Murabba Development Company Showcases Commitment to Innovation and Sustainability at AACE Conference in Riyadh

New Murabba Development Company, a visionary urban destination transforming downtown Riyadh, participated in the recent Association for the Advancement of Cost Engineering (AACE) Saudi Arabia Conference, held between April 17-18, 2024 in Riyadh’s Al Faisaliah Hotel, under the theme “Navigating...

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Business & Money | Sunday 21 April, 2024 9:01 am

ADNIC completes acquisition of 51% Allianz Saudi Arabia stake to drive regional growth strategy

 Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has completed the strategic acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company in Saudi Arabia.   The...

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Business & Money | Saturday 20 April, 2024 5:02 am

Spain invests $3B in Saudi Arabia, new agreement to be sealed in May: Al-Hogail

Investments between Saudi Arabia and Spain are experiencing significant momentum. The value of Spanish investment in the Kingdom has exceeded $3 billion over the past decade, with 40% of it relating to the real estate sector, Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail, said in ...

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Business & Money | Saturday 20 April, 2024 4:57 am

Effective fiscal policies key for enhancing resilience amid global challenges: Al-Jadaan

Minister of Finance, Mohammed Al-Jadaan, said that implementing effective fiscal policies is crucial to enhance resilience and sustainability amid the challenges facing the global economy.   Saudi Arabia reaffirms its continuous support for the financial programs provided by the...

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Business & Money | Saturday 20 April, 2024 4:55 am

Continued reforms in Saudi Arabia have a positive impact on growth, job creation: IMF

Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), stated that continued reforms and investments in Saudi Arabia have a positive impact on growth, economic activity, and job creation.   In an interview with Al Arabiya at the ...

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Business & Money | Saturday 20 April, 2024 12:26 am

View United appoints Al-Nefaie Investment as market maker

View United Real Estate Development Co.’s board of directors decided, on April 17, to appoint Al-Nefaie Investment Group as the market maker for its shares, according to a statement to Tadawul. The decision, subject to approval from the relevant authorities, aims to support...

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Business & Money | Friday 19 April, 2024 11:03 am

Aldar partners with Siemens to make Saadiyat Grove Abu Dhabi's leading smart project

Aldar Properties (Aldar) has announced a partnership with Siemens to make Saadiyat Grove, an integrated mixed-use project under development in the cultural heart of Abu Dhabi, a leading global example of smart urban living. The agreement was signed today at the World Future Energy Summit (WFES) in...

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Business & Money | Friday 19 April, 2024 9:57 am

Azizi Developments’ fourth phase of Riviera marks 73% completion

Azizi Developments, a leading private real estate developer in the UAE, has announced the accelerated construction of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community strategically located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most...

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Business & Money | Friday 19 April, 2024 9:40 am

SNB Capital expects Saudi banking sector to grow 9% from 2023

The Saudi banking sector is expected to achieve a year-on-year (YoY) growth rate of 8-9%, during the first quarter of 2024, buoyed by increased lending activity, enhanced profit margins, and steady deposit costs, Iyad Ghulam, Head of Equity Research at SNB Capital, told Argaam. In his...

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Business & Money | Friday 19 April, 2024 9:17 am

Alkhorayef Water awarded SAR 1.72B contract by NWC

Alkhorayef Water and Power Technologies Co. (AWPT) won on April 17 a long-term operation and maintenance contract from National Water Co. (NWC) for sewage treatment plants (Package 7) in Al-Ahsa city. The contract is valued at SAR 1.72 billion, exclusive of VAT, according to a filing to...

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