Business & Money | Tuesday 2 January, 2024 11:58 am

UAE enters 2024 with unwavering determination to extend principles of peace

Under the directives of its wise leadership, the United Arab Emirates enters 2024 with resolute determination to extend the principles of peace, stability, and prosperity in the region and beyond by continuing to strengthen partnerships, enhance multilateral cooperation and foster meaningful...

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Business & Money | Tuesday 2 January, 2024 1:44 am

Here are key Saudi economic events in 2023

The Saudi economy witnessed several major events during 2023, the most prominent of which is hosting Expo 2030 and World Cup 2034, and opening Lucid’s first electric vehicle (EV) factory in the Kingdom.   Moreover, Crown Prince Mohammed bin Salman announced a number of projects,...

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Business & Money | Monday 1 January, 2024 4:38 pm

PIF top sovereign investor in 2023: SWFI

The Public Investment Fund (PIF) is the world’s most active sovereign wealth fund in terms of investments in 2023. The fund invested $31.6 billion last year, a rise of 33%, compared to $20.7 billion in 2022, according to the Sovereign Wealth Fund Institute (SWFI). PIF invested ...

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Business & Money | Monday 1 January, 2024 9:57 am

Lieutenant General Dr. Sheikh Mohamed Bin Abdullah chairs BRCS Board Meeting

His Excellency Lieutenant General Doctor Sheikh Mohamed Bin Abdullah Al Khalifa, Chairman of the Board of Directors of the Bahrain Red Crescent Society (BRCS), chaired the work of the regular meeting of the Board of Directors of the Society, in the presence of Mr. Ali bin Mohammed Murad, First Vice ...

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Business & Money | Monday 1 January, 2024 9:30 am

1 Billion Followers Summit to gather over 100 Industry giants and top CEOs

The 1 Billion Followers Summit, organised by New Media Academy, has revealed an elite roster of CEOs and trailblazers in creative industries, digital media, investment, finance, business, and entrepreneurship, leading a series of illuminating sessions, workshops, talks and keynotes during the...

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Business & Money | Monday 1 January, 2024 9:15 am

BIM VENTURES launches SKYNA Private aviation platform

BIM Ventures, the Saudi Venture Studio announced the inauguration of SKYNA the Saudi Private Aviation Platform.   The SKYNA platform offers its clients a wide range of premium private aircraft options. The platform ensures a secure, reliable, and user-friendly chartering process to...

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Business & Money | Monday 1 January, 2024 9:07 am

National Building sets up Arab Steel Company

National Building and Marketing Co. announced today, Dec. 31, establishing Arab Steel Trade Co. for Scrap Recycling, a closed joint stock sole-proprietorship company, after obtaining the necessary approvals and licenses from the relevant authorities. Headquartered in Riyadh, National...

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Business & Money | Monday 1 January, 2024 8:59 am

Saudi, UAE, Egypt, Iran, Ethiopia to join BRICS as of Jan. 1: Report

Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia will join BRICS as of Jan. 1, Bloomberg reported, citing South Africa’s envoy to the bloc.   The new members will send officials to a sherpa meeting in Moscow on Jan. 30, which clearly indicates that the new members were accepted to...

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Business & Money | Monday 1 January, 2024 8:22 am

Axidian Sparks Innovation at AICS 2023 in NGN's Pavilion!

Axidian, a leading cybersecurity company based in Dubai, participated in the pavilion of NGN, Bahraini IT Systems Integrations and Managed Cyber Security Company at the second edition of the Arab International Cybersecurity Summit (AICS)2023, the largest event of its kind in the region. This...

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Business & Money | Monday 1 January, 2024 8:03 am

ADES signs SAR 803M long-term drilling contract in Indonesia

ADES Holding Co. announced today, Dec. 31, signing a long-term drilling contract with Pertamina Drilling Services Indonesia (PDSI). The contract was awarded to ADES last month.   In a statement to Tadawul, ADES said that the contract is binding for three years, with an option for a...

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