Business & Money | Sunday 3 September, 2023 1:24 pm

PIF signs SPA deals to acquire Hadeed, Rajhi Steel

The Public Investment Fund (PIF) signed a share purchase agreement (SPA) to acquire 100% of Saudi Iron & Steel Co. (Hadeed) from Saudi Basic Industries Corp. (SABIC). Based on a cross-conditional share exchange agreement, Hadeed will acquire a 100% stake in AlRajhi Steel Industries Co....

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Business & Money | Sunday 3 September, 2023 12:06 pm

Meet The Top Regional Executives On Forbes Middle East’s Global Meets Local List 2023

Forbes Middle East has revealed the eleventh installment of its flagship Global Meets Local ranking, showcasing the regional heads of the top 100 multinational corporations that have masterfully navigated the unique MENA business landscapes, leaving an indelible mark on the region’s growth,...

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Business & Money | Sunday 3 September, 2023 9:39 am

ACWA Power signs SAR 2.05 bln financing, security agreements for Rabigh 4 IWP project

ACWA Power Co. announced that it signed financing and security agreements for Rawabi Water Desalination Company (Rabigh-4 Independent Water Plant (IWP) project) valued at SAR 2.05 billion. The financing parties include a consortium of local and international banks, including Standard Chartered ...

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Business & Money | Sunday 3 September, 2023 9:05 am

Diriyah Gate Development Authority Ranked Among the Best Places to Work in Asia for the Fourth Year in a Row

Diriyah Gate Development Authority (DGDA) today announces that it has been awarded the “Great Place to Work” distinction in Asia in the Large Enterprise category, further reinforcing DGDA’s position as one of the finest workplaces in the Kingdom for the fourth consecutive year.  The ...

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Business & Money | Sunday 3 September, 2023 9:01 am

DAMAC Unveils Unmatched Luxury and Integrated Services with the Grand Opening of DAMAC Mall

DAMAC Group, the leading UAE-based business conglomerate, has announced the opening of DAMAC Mall, adding a new retail and leisure destination to Dubai's luxury landscape. The mall was officially inaugurated on 1 September 2023 by Amira Sajwani, Managing Director, Sales & Development, DAMAC...

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Business & Money | Sunday 3 September, 2023 8:51 am

du and Community Development Authority host a tribute to Emirati Woman

In commemoration of Emirati Women's Day, du, from Emirates Integrated Telecommunications Company (EITC), in collaboration with the Community Development Authority (CDA), celebrated the enduring legacy and contributions of senior Emirati women. The event, held at CDA office in Al Barsha, was a...

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Business & Money | Sunday 3 September, 2023 8:34 am

Next World Forum drives substantial business growth in gaming and esports

Next World Forum, a major global industry gathering created to shape the future of the rapidly evolving gaming and esports sector, has substantially helped drive business growth, organizers said on Thursday as the two-day conference concluded. Hosted at the Four Seasons Hotel Riyadh at Kingdom ...

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Business & Money | Sunday 3 September, 2023 8:27 am

American Express® Saudi Arabia to participate at Seamless 2023 event as the exclusive sponsor of the VIP Lounge

American Express® Saudi Arabia is pleased to announce that it will be the exclusive sponsor of the VIP Lounge at Seamless Saudi Arabia 2023 on September 4-5 under the name ‘AMEX Premium Lounge’.   The Lounge will provide access to VIP attendees who have received special...

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Business & Money | Saturday 2 September, 2023 4:56 am

ADGM’s Registration Authority fines KPMG Lower Gulf Limited for audit failings

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has taken enforcement action against ADGM-registered audit firm, KPMG Lower Gulf Limited (KPMG). The RA imposed a financial penalty in the amount of USD 30,000 against KPMG for ineffective systems and controls leading to...

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Business & Money | Saturday 2 September, 2023 2:15 am

ADNEC Group launches charter flights to Europe, Central Asia to attract tourists to Abu Dhabi

ADNEC Group, through its tourism arm Tourism 365, has launched new charter flight services in the UAE, enhancing travel options for international tourists from multiple destinations while propelling the UAE's hospitality offering and reputation as a premier global destination.This new service,...

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