Business & Money | Thursday 12 September, 2024 9:34 am

Riyadh to Host Global PropTech Summit in October

The Real Estate General Authority (REGA) will host the inaugural Global PropTech Summit in Riyadh in October. The event will be held under the patronage of Minister of Municipalities and Housing and REGA Board of Directors Chairman Majed Al-Hogail. The National Housing Company (NHC) will serve as a ...

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Beauty & Style | Tuesday 1 October, 2024 3:50 pm

Middle East's Fashion Industry Ready for Global Impact at the BRICS+ Fashion Summit

Moscow - As the curtains close on Paris Fashion Week, Moscow will become the global fashion hub as it hosts the BRICS+ Fashion Summit, bringing together industry leaders from the Middle East and a record 100 countries. Taking place from October 3rd to 5th, the Summit will see delegates from...

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Business & Money | Tuesday 1 October, 2024 11:09 am

Saudi economy set to record positive growth rates in 2025: Al-Jadaan

Minister of Finance Mohammed Al-Jadaan said he expects the Saudi economy to record positive growth rates during 2025 and in the medium term, thanks to the continued implementation of reforms, strategies and projects under Vision 2030. Thus, the Kingdom continues to diversify its economic base, ...

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Business & Money | Tuesday 1 October, 2024 11:05 am

BinDawood Holding inks franchise agreement to open 8 stores in Qatar

BinDawood Holding Co. signed on Sept. 30 a franchise agreement with the Regional Group Co. to open eight stores in Qatar, according to a statement to Tadawul. The franchisee is committed to establish and operate eight supermarket stores under the brand name “BinDawood”. The company...

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Business & Money | Tuesday 1 October, 2024 11:02 am

LIVA Insurance inks contract with Ceer

Liva Insurance Co. signed today, Oct. 1, a contract with Ceer, Saudi Arabia's first electric vehicle brand, to provide insurance services for construction risk coverage (excluding energy risks), valued at over 5% of total insurance revenue according to the audited financial statements for...

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Tourism & Hospitality | Tuesday 1 October, 2024 11:02 am

FORM Hotel Wins Best Luxury Boutique Hotel in International Travel Awards

FORM Hotel Dubai, a distinguished member of Design Hotels and part of Marriott Bonvoy, is proud to announce that it has been awarded Best Luxury Boutique Hotel at the esteemed International Travel Awards. This remarkable achievement underscores FORM Hotel’s unwavering commitment to...

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Business & Money | Tuesday 1 October, 2024 11:00 am

Obeikan Glass OKs SAR 520M flat glass line

Obeikan Glass Co.’s board of directors approved the establishment of a second flat glass production line at its current factory located in the Royal Commission for Jubail and Yanbu (RCJY). The new line will have a production capacity of 650 tons per day, with an estimated project cost of...

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Business & Money | Tuesday 1 October, 2024 10:58 am

Aldrees buys USD-denominated sukuk worth SAR 223.9M from Riyad Bank

Aldrees Petroleum and Transport Services Co. purchased USD-denominated additional Tier 1 sustainable sukuk worth SAR 223.87 million ($59.7 million) from Riyad Bank on Oct. 1, according to a Tadawul statement. The self-financed purchase will have an expected return of 5.5% annually for a period ...

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Business & Money | Tuesday 1 October, 2024 10:54 am

MIS receives new orders to increase data centers capacity for SAR 82.5M

Al Moammar Information Systems Co. (MIS) has received new awards to increase the data centers’ capacity at a value of SAR 82.55 million (including VAT), according to a statement to Tadawul. Any material developments will be announced in due course. MIS signed on July 4, 2021, agreements ...

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Business & Money | Tuesday 1 October, 2024 10:51 am

Retal signs SAR 142.4M deal to construct 263 houses in Riyadh

Retal Urban Development Co. signed on Sept. 30 a contract with its subsidiary, Building Construction Co. (BBC), to construct 263 residential units in Riyadh, at a value of SAR 142.39 million (excluding taxes and fees). The company said in a statement on Tadawul that the 30-month contract...

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Business & Money | Tuesday 1 October, 2024 10:46 am

HSBC Saudi Arabia embarks on next phase of growth with office relocation

HSBC Saudi Arabia is preparing for its next phase of growth to support its clients with a new office in the heart of Riyadh’s King Abdullah Financial District (KAFD), amid the increasing investment and economic development in the Kingdom. The Kingdom’s leading international investment bank ...

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