Business & Money | Tuesday 9 April, 2024 12:01 am

Saudi Arabia's private equity investments reach $4B in 2023

Saudi Arabia witnessed an increasing interest in private equity investments from 2019 to 2023, MAGNITT said in a recent report. The Kingdom's private equity investments reached a peak of nearly $4 billion in 2023, recording growth for three consecutive years since 2020. Private Equity...

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Business & Money | Monday 8 April, 2024 10:10 pm

International Business Hub Kicks Off at GITEX Africa in May, Organized by BTECH

The Bahrain Technology Companies Society (BTECH) is set to organize theInternational Business Hub at the second edition of GITEX Africa, slated to unfoldfrom May 29 to 31 in Marrakech, Morocco.This global exhibition serves as a platform for technology firms to showcase theirproducts and solution to ...

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Business & Money | Monday 8 April, 2024 6:37 am

ADX, DFM log nine large deals worth AED1.6 billion during Ramadan

The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) logged nine large direct deals executed on 305.7 million shares worth AED1.6 billion during Ramadan. According to market data, ADX saw the execution of five large direct deals on 243.4 million shares worth AED683.3...

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Business & Money | Monday 8 April, 2024 6:34 am

DEWA’s digital services achieve AED470 million in savings for customers in 2023

Dubai Electricity and Water Authority (DEWA) continuously develops a customer’s journey by utilising digital solutions and AI in all its services and operations.DEWA aims to provide proactive, advanced, seamless, and integrated digital services through shared channels to meet customers’ needs...

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Business & Money | Monday 8 April, 2024 6:26 am

GCCIA mulls new projects to strengthen network: CEO

The Gulf Cooperation Council Interconnection Authority (GCCIA) is studying new projects to strengthen the internal network of the GCC countries and expand connection with Bahrain and Qatar, Al Eqtisadiah newspaper reported, citing CEO Ahmed Al-Ebrahim.   The projects are under study...

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Business & Money | Monday 8 April, 2024 6:23 am

MODON attracts investments worth SAR 14.45B in 2023

The Saudi Authority for Industrial Cities and Technology Zones (MODON) issued its annual report for 2023, which reviews the authority’s key achievements, most prominent works, initiatives and development projects to achieve sustainable industrial development and attract local and foreign...

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Business & Money | Monday 8 April, 2024 6:20 am

Saudi Arabia's real estate deals hit 1.03M in Q1 2023

The number of real estate transactions stood at 1.03 million in the first quarter of 2023, the Saudi Justice Ministry's data showed.   According to the ministry's data, the real estate transactions included registrations, compensations, amendments to old deeds, and...

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Business & Money | Sunday 7 April, 2024 7:52 am

Diriyah Gate delays evacuating properties in some neighborhoods

The Diriyah Gate Development Authority delayed the evacuation of vacated properties in Al Faisaliyyah neighborhood and some neighboring places within the scope of Diriyah Gate.   The remaining neighborhoods, Al-Nakheel, Al-Khuzama and Arqa, will be dealt with in accordance with the...

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Business & Money | Sunday 7 April, 2024 7:50 am

GCC funds in talks to acquire distressed Chinese developers: Paper

GCC investment funds are in talks to acquire distressed real estate development companies in China, capitalizing the Chinese government’s incentives and the real estate prices that hit their lowest level, Al Eqtisadiah newspaper reported, citing informed sources.   Independent...

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Business & Money | Sunday 7 April, 2024 7:48 am

IBM starts preparations for new center in Riyadh

US-based IBM started preparations for its new software development center in Riyadh, under the management of Gaya Magie, who relocated to Saudi Arabia to lead the new center, Al-Eqtisadiah newspaper reported.   Ayman AlRashed, Regional Vice President of IBM Saudi...

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