Business & Money | Wednesday 13 September, 2023 10:07 am

Saudi Arabia aims for SAR 171 bln pvt sector mining investments by 2030

Saudi Arabia seeks to increase private sector’s investments in mining to SAR 171 billion by 2030, Al Eqtisadiah reported, citing the Ministry of Industry and Mineral Resources.   Mineral production in Saudi Arabia is forecast to grow over the coming years amid the Kingdom’s...

More Details

Business & Money | Wednesday 13 September, 2023 10:02 am

NWC implements sewerage networks in King Fahad Suburb, Hail at SR +35M

The National Water Company (NWC), represented by its Northern Cluster, completed the implementation of wastewater networks in King Fahd Suburb Plan, Hail City (Phase I) at a cost of more than (35) million Saudi Riyals.   The company stated that the project includes the construction...

More Details

Business & Money | Wednesday 13 September, 2023 9:59 am

AlUla Development Company signs agreement with Marriott International to bring Autograph Collection Hotels to AlUla in Saudi Arabia

AlUla Development Company (UDC), fully owned by the Public Investment Fund (PIF), has signed recently an agreement with Marriott International to open an Autograph Collection property in Saudi Arabia. Expected to open in 2025, the hotel will be located in the heart of downtown AlUla. The...

More Details

Business & Money | Wednesday 13 September, 2023 9:58 am

Tanmiah Food Company and MHP SE Invests in Poultry Value Chain to Enhance Food Security in Saudi Arabia

Tanmiah Food Company (TADAWUL: 2281, “Tanmiah” or “The Company”) is pleased to announce the signing of the shareholder agreement between its fully owned subsidiary, Desert Hills Veterinary Services Company Limited (DHV) with MHP SE (LSE: MHPC, ‘MHP’), the leading international food ...

More Details

Business & Money | Wednesday 13 September, 2023 9:55 am

SAUDIA becomes first airline to operate to and from Red Sea International airport

: Saudi Arabian Airlines (SAUDIA), the national carrier of Saudi Arabia, has signed a memorandum of understanding with the Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations “The Red Sea” and...

More Details

Business & Money | Wednesday 13 September, 2023 9:41 am

du and Hashgraph Association partner to revolutionise blockchain solutions at Envision 2023

du, from Emirates Integrated Telecommunications Company (EITC), inked a groundbreaking partnership with The Hashgraph Association at Envision 2023. The collaboration focuses on harnessing the potential of the Hedera blockchain to offer secure, traceable, and scalable solutions on a corporate...

More Details

Business & Money | Wednesday 13 September, 2023 9:40 am

‎“Royal Commission for Makkah City and Holy Sites” Launches the Largest Real Estate Fund Valued at SAR 11 Billion

The Royal Commission for Makkah City and Holy Sites announced today the launch of the largest real estate fund, valued at SAR 10.93 billion, in partnership with Thakher Development Company and Albilad Capital. The establishment of the fund aims to develop the Al Kidwa area located south of the ...

More Details

Business & Money | Wednesday 13 September, 2023 9:34 am

FedEx Introduces FedEx® Sustainability Insights to Support Customer Emissions Reporting

FedEx Corp. (NYSE: FDX) has launched a new tool, FedEx® Sustainability Insights (FSI), giving customers across Asia Pacific, Middle East, and Africa (AMEA) markets* access to emissions information on their shipments within the FedEx network. They can use the data to help make informed decisions on ...

More Details

Business & Money | Wednesday 13 September, 2023 8:52 am

UAE's Financial Wealth to Grow by 5.5% Annually, Reaching USD 1.3 Trillion by 2027

The United Arab Emirates (UAE) financial wealth is anticipated to experience a robust Compound Annual Growth Rate (CAGR) of 5.5% in new wealth, rising from USD 1 trillion to USD 1.3 trillion from 2022 to 2027, according to a new report by Boston Consulting Group (BCG). The BCG report, titled...

More Details

Business & Money | Tuesday 12 September, 2023 12:08 pm

Al Danube group, UAE, Launches its Hospitality Supplies Business for Saudi Market with Innovative Solutions at The Hotel Show

Danube Hospitality, a leading UAE-based hospitality services provider under the Al Danube Group, is excited to announce its entry into the Saudi market.  With a strong track record in delivering end-to-end solutions for the hospitality industry, Danube Hospitality will make its debut at...

More Details