Business & Money | Tuesday 10 October, 2023 10:41 am

Saudi Arabia to operate first passenger hydrogen train demo in October

Saudi Arabia Railways (SAR), in partnership with France’s Alstom, will operate and demonstrate the world's first hydrogen-powered train in Riyadh in October.    The Coradia iLint train will embark on a first-ever...

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

“Naif Alrajhi Investment” Makes Strategic Move with Significant Stake Acquisition in “Veyron Marketing”

Naif Alrajhi Investment, a premier Saudi investment group, has recently acquired a significant stake in Veyron Marketing, a leading name in Saudi Arabia's marketing and advertising sector. Veyron, renowned for its rapid growth, specializes in the strategic planning and execution of both local and...

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Business & Money | Tuesday 10 October, 2023 10:05 am

Saudi Arabia launches first phase of Red Sea destination

Red Sea Global announced on Oct. 9 launching the first phase of Red Sea destination and starting to receive visitors from all over the world. This achievement will help boost the local tourism sector, the company said on X platform. In July, CEO John Pagano said the company is largely on...

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Business & Money | Tuesday 10 October, 2023 10:02 am

Saudi Fund for Development Signs New $20 Million Development Loan Agreement to Construct and Equip Schools in Tajikistan

The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed today a new development loan agreement with the Minister of Finance of the Republic of Tajikistan, H.E. Kahhorzoda Fayziddin Sattor, through which SFD is contributing $20 million USD to fund the...

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Business & Money | Tuesday 10 October, 2023 9:40 am

Cisco Announces Plan for New Data Centers in Saudi Arabia for Webex Collaboration Platform – The First in the Region

Cisco today announced plans to establish data centers in the Kingdom of Saudi Arabia (KSA) to better serve customers using its collaboration platform, Webex. The data centers are scheduled to be operational in the second half of 2024. For his part, H.E. Vice Minister of Communications and ...

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Business & Money | Tuesday 10 October, 2023 9:21 am

Saudia Launches Recycling Initiative in Collaboration with PepsiCo

Saudia, the national flag carrier of Saudi Arabia and PepsiCo have signed a Memorandum of Understanding (MoU) to implement a  program that collects recyclable material onboard Saudia flights and divert them from landfill, as part of a long-term sustainability plan. The agreement follows the...

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Business & Money | Tuesday 10 October, 2023 9:17 am

Azizi Developments partners with Italian manufacturer Marazzi for Riviera’s fourth phase

Azizi Developments, a leading private developer in the UAE, has partnered with renowned Italian manufacturer Marazzi to bring an added touch of Italian craftsmanship and sophistication to the fourth phase of Azizi’s mega-project Riviera, situated in the heart of MBR City.  Marazzi is...

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Business & Money | Tuesday 10 October, 2023 8:55 am

Gulf Islamic Investments exits Amity School complex investment in a deal worth US$50 million

Gulf Islamic Investments Group (GII) has completed the private sale of its Amity School complex in Dubai for approximately US$50 million, the latest in a sequence of exits reinforcing GII’s position as an active asset manager for its global investors. GII, a UAE-based global alternative...

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Business & Money | Monday 9 October, 2023 10:30 am

Big 5 Global returns for its 44th edition in Dubai bringing together 2,200+ exhibitors and 68,000+ attendees

Big 5 Global, the largest and most influential construction industry event in the Middle East, Africa and South Asia (MEASA) is set to take place at Dubai World Trade Centre from 4 – 7 December 2023. With registrations open for participants who wish to attend the annual gathering of the global...

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Business & Money | Monday 9 October, 2023 10:28 am

SHUAA Capital receives Board approval on Rights Issue to reposition itself for growth

SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced today its intention to increase its issued share capital through a Rights Issue following initial approval from the Board. The Rights Issue will be immediately preceded by ...

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