Business & Money | Wednesday 25 October, 2023 1:00 am

Aramco, Hyundai sign $2.4 bln gas plant deal in Jafurah

Saudi Aramco and South Korea's Hyundai Engineering and Construction signed a $2.4 billion contract to build a gas processing plant, Yonhap News Agency reported, citing Seoul's Presidential Office.   The deal was clinched in the presence of South Korean President Yoon Suk Yeol as part ...

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Business & Money | Wednesday 25 October, 2023 12:10 am

3DXB GROUP Pioneers Sustainability in the Saudi Green Building Forum 2023 in Riyadh

3DXB Group, a pioneering company in the 3D construction industry, took center stage as the official 3D printing partner and sponsor at the Saudi Green Building Forum 2023.  Held recently at the King Abdullah Financial District’s Conference Center in Riyadh, the event brought together an ...

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Business & Money | Tuesday 24 October, 2023 3:23 pm

NEOM announces the inauguration of NEOM Investment Fund alongside new investments across next-generation and clean industries

NEOM has today announced the inauguration of its strategic investment arm, the NEOM Investment Fund (NIF), NEOM’s wholly owned subsidiary which is set up to support the buildout and development of NEOM’s 14 priority sectors and deliver long-term value while enabling creation of jobs in...

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Business & Money | Tuesday 24 October, 2023 12:33 pm

BHM Capital has increased its profits by 145% in the first nine months of 2023

BHM Capital, a leading financial institution in the United Arab Emirates capital markets, has achieved a significant growth in its profits during the first nine months of 2023, recording a growth of 145% compared to the same period in 2022, reaching approximately AED 27 million, compared to...

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Business & Money | Tuesday 24 October, 2023 12:30 pm

HR Summit & Expo Opens 21st Edition at Dubai World Trade Centre

HR Summit & Expo HR Summit & Expo (HRSE) 2023, the Middle East's most extensive and enduring HR event, successfully launched its 21st edition this year with a programme opened by His Excellency Abdullah Ali Bin Zayed Al-Falasi, Director General of Dubai Government Human Resources...

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Business & Money | Tuesday 24 October, 2023 11:30 am

FII kicks off today under “The New Compass” theme

The 7th edition of the Future Investment Initiative (FII) will kick off in Riyadh today, Oct. 24, under the theme of “The New Compass” that focuses on the New Global Order. The flagship three-day conference will bring together more than 5,000 international guests and leaders from across...

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Business & Money | Tuesday 24 October, 2023 11:21 am

AI accretion likely to rise energy consumption: Al Rumayyan

Artificial intelligence (AI) takes part in the development of economic sectors, where the growth of AI will increase energy consumption, Governor of the Public Investment Fund (PIF) Yasir Al Rumayyan said. During the opening of the seventh edition of the Future Investment Initiative (FII)...

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Business & Money | Tuesday 24 October, 2023 10:14 am

KAPSARC and Peking University Address Strategic Energy Partnerships in Beijing

On the sidelines of China’s Third Belt and Road High Level Forum for International Cooperation, Peking University's Institute of Energy and the King Abdullah Petroleum Studies and Research Center (KAPSARC) jointly hosted a workshop in Beijing. The workshop addressed the cooperation on energy and...

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Business & Money | Tuesday 24 October, 2023 10:08 am

NEOM and DSV establish US$10 billion logistics joint venture

NEOM and DSV announce a US$10 billion exclusive logistics joint venture to support the development of the ambitious projects taking shape in NEOM, Saudi Arabia. The partnership will focus on providing logistics services for NEOM in the coming years.   Under the agreement, the...

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Business & Money | Tuesday 24 October, 2023 10:06 am

Saudi EXIM Bank and Trafigura Sign Credit Facility Agreement

The Saudi Export-Import (Saudi EXIM) Bank has signed an agreement with Trafigura, a market leader in the global commodities industry, to extend a three-year credit facility of USD 500 million. In the presence of Mr. Jeremy Weir, Executive Chairman and CEO of Trafigura, the agreement was signed ...

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