Business & Money | Tuesday 21 November, 2023 8:46 am

Zain KSA sells GLIC stake to PIF for SAR 726 mln

Mobile Telecommunication Co. Saudi Arabia (Zain KSA) resold its remaining 20% stake in Golden Lattice Investment Co. (GLIC) to the Public Investment Fund (PIF) for SAR 726 million, Zain KSA said in a Tadawul statement.   GLIC’s core business is focused on providing wholesale...

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Business & Money | Monday 20 November, 2023 3:20 pm

Cultivating Collaboration: Mohammed Bin Salman Misk Foundation and eWTP Arabia Capital Join Forces for Saudi Youth

Mohammed Bin Salman Foundation, also known as Misk Foundation, and growth-stage venture capital fund eWTP Arabia Capital announced a strategic partnership agreement aimed at fostering collaboration and mutual benefit. This partnership agreement heralds a commitment to further growth and innovation...

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Business & Money | Monday 20 November, 2023 3:11 pm

Land-sale deal of over AED 300 million in Dubai’s Jumeirah Golf Estates reaffirms growing popularity of golf course communities

UAE-based real estate firms AveNew by RH, Pride and Property and Landsmith Real Estate have announced the completion of a joint land transaction worth over AED 300 million - one of the biggest transactions of its kind - in Dubai’s coveted Jumeirah Golf Estates.  Established in 2021,...

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Business & Money | Monday 20 November, 2023 10:23 am

KEIR awarded SAR 26.4 mln contract by Saudi Electricity

KEIR International Co. was awarded a contract from Saudi Electricity Co. valued at SAR 26.4 million, including value-added tax (VAT), to implement the electric interconnection project Al-Khobar. In a statement to Tadawul, KEIR said that the contract’s work scope includes the installation of...

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Business & Money | Monday 20 November, 2023 8:57 am

Forbes Middle East Presents The 2023 Class Of 30 Under 30

Forbes Middle East has unveiled its highly anticipated sixth annual 30 Under 30 list, showcasing the region’s most exceptional young talent making waves across diverse industries. This year’s list spotlights 120 entries spanning four main categories: Commerce and Finance, Entertainment, Science ...

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Business & Money | Sunday 19 November, 2023 3:10 pm

Manga Productions acquires distribution and licensing rights for the popular animated series "GREAT PRETENDER razbliuto"

Manga Production, a subsidiary of the Mohammed bin Salman Foundation "Misk," has signed an agreement with the renowned Japanese production company and studio, Production I.G., to license the animated series "GREAT PRETENDER razbliuto" which is scheduled to be launched in 2024. The partnership...

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Business & Money | Sunday 19 November, 2023 2:44 pm

Iconic Saudi Marketers – Dr. Obeid Al Abdali and Kaswara Al Khatib honoured at the first-ever Athar Awards

Athar – Saudi Festival of Creativity, the largest gathering of the creative marketing industry in the Kingdom, concluded its inaugural edition with the Athar Awards ceremony that saw the likes of Dr Obeid Al Abdali, President of Mazeej Marketing Consulting and Kaswara Al Khatib, Chairman of...

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Business & Money | Sunday 19 November, 2023 12:47 pm

Red Sea International CEO resigns, Marwan Sayegh takes helm

Red Sea International Co.’s (RSI) announced today, Nov. 19, the resignation of its CEO, Khalid Fagih, due to personal reasons. The resignation is effective as of today, according to a statement to Tadawul.   Based on a recommendation from the nomination and remuneration committee,...

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Business & Money | Sunday 19 November, 2023 12:22 pm

Cenomi Retail launches Cenomi Academy to support the new generation of retail sector experts

It aims to enroll qualified young people into the labor market and improve their performance within the entry-level employment training program with companies operating in the retail sector, which contributes to strengthening the retail sector by transferring international expertise to the local...

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Business & Money | Sunday 19 November, 2023 11:45 am

Dubai Customs Achieves Remarkable 13% Growth in Transactions, Totaling 21.6 Million in the First Nine Months of 2023

Dubai Customs has experienced significant growth in its customs transactions, with a robust 13% increase, totaling 21.6 million transactions during the first nine months of this year. This surge contrasts with the 19 million transactions recorded during the same period last year. The upswing aligns ...

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