Business & Money | Tuesday 20 February, 2024 9:41 am

Balady Poultry pens SAR 26.3M contract with Chinese firm to set up feed plant

Balady Poultry Trading Co. (Balady Poultry) signed, on Feb. 19, a contract with China-based FAMSUN Group Co. Ltd. to establish a feed production plant, which will include three poultry feed production lines, at a total cost of $7 million or SAR 26.3 million. In a statement to Tadawul, the...

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Business & Money | Tuesday 20 February, 2024 9:40 am

Saudi Arabia ranks 1st on ESCWA’s government electronic and mobile services maturity index 2023

Saudi Arabia ranked first on the government electronic and mobile services maturity index (GEMS) 2023, issued by the UN Economic and Social Commission for Western Asia (ESCWA). The Kingdom maintained its leading position for the second consecutive time, with a maturity of 93%. ...

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Business & Money | Tuesday 20 February, 2024 9:24 am

Retal inks development management agreement in Riyadh at SAR 25M

Retal Urban Development Co. signed on Feb. 19, 2024, a development management agreement with Business Oasis Fund, managed by BlomInvest Saudi Arabia, at a total value of SAR 25 million excluding taxes.   Under the agreement, Retal will be appointed as a development manager for...

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Business & Money | Tuesday 20 February, 2024 9:21 am

REITs constitute 34% of total Saudi funds with SAR 192B: Official

The REITs dominate 34% of the total size of funds in Saudi Arabia, with SAR 192 billion, Al Eqtisadiah newspaper reported, citing Fahad bin Hamdan, Assistant Deputy, Financing, and Investment at the Capital Market Authority (CMA).   REITs dominated nearly 18% of the total funds...

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Business & Money | Tuesday 20 February, 2024 9:14 am

Reflecting on Success: CFO StraTech KSA 2024 Recap

The CFO StraTech KSA 2024 Conference, which concluded on the February 8th 2024, at the Hyatt Regency Olaya Riyadh, carried the resounding theme of Learn, Leverage, Lead. This exclusive, closed-door initiative brought together a community of CFOs in the region, who collectively shared their...

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Business & Money | Tuesday 20 February, 2024 9:07 am

C1 Extends Market Presence to Saudi Arabia Following Success in Oman, Bahrain and UAE

In today's fast-paced business landscape, organizations across industries face a multitude of challenges when it comes to procurement. From inefficient processes to maverick spending and associated risks, the need for advanced solutions has never been more critical.According to recent studies,...

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Business & Money | Monday 19 February, 2024 5:55 pm

Gulfood to lead the way on where the F&B industry goes next, driving investment, competitiveness and growth

The largest ever edition of Gulfood, the benchmark event for the global F&B community kicks off next week (19 February), at Dubai World Trade Centre, opening its doors to 150,000 attendees from 190 countries. With an estimated USD 12 billion in international trade deals on the table,...

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Business & Money | Monday 19 February, 2024 9:10 am

DAFZ to showcase its services, competitive investment advantages at Gulfood 2024

Dubai Airport Free Zone (DAFZ), a member of the Dubai Integrated Economic Zones Authority (DIEZ), announced its participation in the 29th edition of Gulfood 2024, the largest event for food and beverage suppliers worldwide. The event is scheduled to take place from today 19th to 23rd February...

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Business & Money | Monday 19 February, 2024 9:08 am

Forward-looking vision of wise leadership reflected in UAE's non-oil foreign trade: Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stressed that the forward-looking vision of the wise leadership to expand the network of trade and investment partners was significantly reflected in the UAE’s non-oil foreign trade of goods and services, which continued to...

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Business & Money | Monday 19 February, 2024 8:42 am

Open banking market seen to reach $43B in 2026: El-Kuwaiz

The open banking market expanded significantly over the past years and is expected to grow from $7 billion in 2018 to nearly $43 billion by 2026, said Mohammed El-Kuwaiz, Chairman of the Capital Market Authority (CMA) and Chairman of the Board of Trustees of the Financial...

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