Business & Money | Sunday 17 September, 2023 11:47 am

Sakani says 8,700 families received first homes in August

Sakani Program stated that 10,250 families benefited from the program in August, with a rise of more than 23% compared with 8,303 in July.   In a statement, the program added that the number of families that received their first homes during the same month amounted to...

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Business & Money | Sunday 17 September, 2023 9:28 am

S&P affirms Saudi Arabia’s credit rating at A/A-1, stable outlook

Standard & Poor's (S&P) affirmed its credit rating for Saudi Arabia in local and foreign currencies at “A/A-1” with a stable outlook in a recent report.    S&P maintained its credit rating, backed by the Kingdom’s efforts to proceed with significant...

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Business & Money | Sunday 17 September, 2023 8:57 am

RER concludes participation at Cityscape Global, unveils five-year plan and goals

The Real Estate Registry (RER) has wrapped up its participation in Cityscape Global, hosted in Riyadh from September 10 to 13, 2023, with a Memorandum of Understanding. Revealing its targets for the next five years, RER also announced that nearly 80% of all properties across the Kingdom are ready...

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Business & Money | Sunday 17 September, 2023 8:40 am

Future Food Forum 2023 to continue pioneering advancement of F&B sector in the region

UAE Food & Beverage Business Group (F&B Group), under the patronage of the UAE Ministry of Economy and Dubai Chamber of Commerce, announced the 5th edition of the Future Food Forum 2023, which continues to drive the progress of the F&B sector and symbolises the relentless efforts of key ...

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Business & Money | Saturday 16 September, 2023 2:44 am

ROSHN has SAR 10 bln cash to finance real estate projects: CEO

ROSHN Real Estate Co., a wholly-owned subsidiary of the Public Investment Fund (PIF), has nearly SAR 10 billion in its balance sheet to finance real estate projects, CEO David Grover told Asharq. Although ROSHN has not yet withdrew the SAR 6 billion credit facilities secured from three local...

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Business & Money | Saturday 16 September, 2023 1:55 am

Safa Investment undertakes over SAR 4.5 bln projects: CEO

Safa Investment Co. currently undertakes projects of over SAR 4.5 billion.   CEO Moath Alzaid told Argaam on the sidelines of the EFG Hermes Saudi Forum in London that Safa plans to supply a number of quality residential complexes and units, noting that the occupancy rate at...

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Business & Money | Saturday 16 September, 2023 1:46 am

UAE and China’s Hainan Province sign multiple deals to boost cooperation in priority sectors

The UAE and China's Hainan Province have signed four major private-sector agreements aimed at boosting the rapidly expanding bilateral trade and investment ties. The signing ceremony took place during the Hainan Promotion Conference in Dubai, and was attended by Dr. Thani bin Ahmed Al Zeyoudi, ...

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Business & Money | Saturday 16 September, 2023 1:42 am

Aramco acquires Esmax, enters Latin America’s retail market

Saudi Aramco agreed to purchase a 100% equity stake in Esmax Distribusción SpA (Esmax) from Southern Cross Group, a Latin America-focused private equity company.     Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence...

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Business & Money | Saturday 16 September, 2023 1:22 am

Lunate launches in Abu Dhabi with over $50bn of AuM

Lunate, a new Partner-led and independent global alternative investment manager, today announced it will launch with more than US$50 billion of Assets under Management (AuM), making it one of the largest in the MENA region. The creation of Lunate follows a multi-party effort to establish an...

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Business & Money | Saturday 16 September, 2023 1:04 am

Invest in Sharjah' participates in Belt and Road Summit

Sharjah FDI Office (Invest in Sharjah) participated at the Belt and Road Summit, which took place in Hong Kong from 13th-14th September. Invest in Sharjah was represented by Ahmed Obaid Al Qaseer, CEO of Sharjah Investment and Development Authority (Shurooq); Marwan Saleh Alichla, Director of...

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