Business & Money | Saturday 27 January, 2024 12:21 am

Saudi Arabia ranks 1st on 2024 Edelman Trust Barometer

The 2024 trust barometer reported that 86% of Saudis trusted their government, compared to 83% a year earlier.   The Kingdom also took the fourth place globally on the index of trust in the business sector and came seventh on the index of trust in media.   The survey...

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Business & Money | Saturday 27 January, 2024 12:18 am

PIF prices international bond offering at SAR 18.75B

The Public Investment Fund (PIF) completed the pricing of a $5 billion (SAR 18.75 billion) Reg S international bond offering. The offering was over five times covered, attracting orders worth $27 billion (over SAR 10 billion).   In an emailed statement to Argaam, PIF said the...

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Business & Money | Friday 26 January, 2024 12:57 pm

National Biotechnology Strategy ‘key pillar’ to achieve pharmaceutical, health security: Official

The National Biotechnology Strategy will be a key pillar in achieving the goals of the Vaccines and Biopharmaceutical Industry Committee, to achieve pharmaceutical and health security in Saudi Arabia, Nizar Al Hariri, Advisor to Minister of Industry and Minerals, and...

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Business & Money | Friday 26 January, 2024 12:54 pm

Aramco eyes business expansion, acquisitions in China and India

The big growth markets for Saudi Aramco are China, India and southeast Asia, Bloomberg reported, citing Mohammed Al Qahtani, Downstream President at Saudi Aramco.   The world’s largest oil producer is seeking refining and chemicals deals in Asia as it looks to expand its projects...

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Business & Money | Friday 26 January, 2024 9:59 am

SEVEN to build Formula E Karting attractions in Saudi Arabia

Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), teamed up with Formula E to build the world’s first Formula E branded indoor Karting attraction across multiple destinations in Saudi Arabia.   In an emailed statement to Argaam,...

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Business & Money | Friday 26 January, 2024 1:02 am

Azizi Developments’ Creek Views II marks 90% construction completion

Azizi Developments, a leading private developer in the UAE, announced the 90% construction completion of Creek Views II, Azizi’s AED 350 million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City. The highly esteemed development is scheduled for handover by...

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Business & Money | Thursday 25 January, 2024 1:59 pm

DUBAI SOUTH RECORDS KEY ACHIEVEMENTS DURING 2023, ITS BEST PERFORMING YEAR TO DATE

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, concluded 2023, its best performing year to date, marking numerous remarkable accomplishments across its different divisions. These achievements encompassed the welcoming of new companies, the...

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Business & Money | Thursday 25 January, 2024 1:56 pm

Social Development Bank Successfully Wraps Up Entrepreneurship and Modern Business Practices Forum

Under the auspices of His Excellency Eng. Ahmed Al-Rajhi, Minister of Human Resources and Social Development, the Social Development Bank (SDB), a leading institution in comprehensive development financing, concluded the Entrepreneurship and Modern Business Practices Forum in Riyadh. Held from...

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Business & Money | Thursday 25 January, 2024 1:48 pm

“Careem” Launches “Madinah Tour” service to support tourism in partnership with Madinah Development Authority

Careem, the region’s leading multi-service app, announced today the launch of the "Madinah Tour" service in partnership with the Madinah Development Authority. The announcement was made following a signing ceremony during the Saudi Tourism Forum 2024 currently taking place in Riyadh, as Careem...

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Business & Money | Thursday 25 January, 2024 1:39 pm

GULFNAV signs MoU with Wings Logistics Hub For the provision of drone services to Shipping Agencies

Gulf Navigation Holding PJSC (“GULFNAV”), the Dubai Financial Market listed maritime and shipping company, announced that it has signed a Memorandum of Understanding (“MoU”) with Wings Logistics Hub, an entity owned by Multi-Level Group. The MoU stipulates enhancing cooperation...

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