Business & Money | Friday 18 August, 2023 3:44 am

Insurance mergers seen to ramp up in coming period: Official

Increased mergers among players in the Saudi insurance industry are expected in the upcoming period, following the establishment of the Insurance Authority (IA), with the aim of forming larger entities in the sector, Adel Al-Eisa, Media Spokesperson for Insurance Companies in Saudi Arabia, told...

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Business & Money | Friday 18 August, 2023 12:46 am

Ejar Index records over 275,000 deals in July

Ejar Index recorded more than 275,000 rental deals in July. Housing rental deals rose 15% in July, while commercial rentals saw an increase of 11% month-on-month. Riyadh topped the list with the highest number of rental deals in July, recording more than 58,000 housing and commercials...

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Business & Money | Friday 18 August, 2023 12:24 am

"Smurfs Kart" Game Is Entering MENA Market Through Manga Productions

Manga Productions, a subsidiary of Mohamed bin Salman Foundation "MiSK," has signed a publishing deal with Microids to distribute the "Smurfs Kart" video game inspired by “The Smurfs” franchise. This collaboration grants full rights for Manga Productions to publish and distribute the new game...

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Business & Money | Friday 18 August, 2023 12:18 am

Azizi Developments renews partnership with French Schneider Electric to source wiring accessories for Beachfront, Amber, and Pearl

Azizi Developments, a leading private developer in the UAE, has broadened its collaboration with Schneider Electric to acquire high-quality electrical wiring accessories, including switches and sockets, for three of its distinguished, premium projects – Beachfront in Riviera, part of the highly...

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Business & Money | Thursday 17 August, 2023 11:00 am

Saudi Arabia, China sign 5 housing agreements

Saudi Arabia and China signed 12 cooperation agreements in the presence of Majid Al-Hogail, Minister of Municipal and Rural Affairs and Housing.   Some agreements were signed for the development of infrastructure and financing, including five for housing at a ...

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Business & Money | Thursday 17 August, 2023 10:33 am

Saudi Arabia’s inflation among lowest in G20

Saudi Arabia’s inflation rate was the lowest among G20 nations in July 2023, according to Capital Economics.    The inflation rate eased to 2.3% in July, hitting its lowest level in more than a year, the consultancy said.   According to the General Authority for ...

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Business & Money | Thursday 17 August, 2023 10:28 am

Third annual Global Trade and Supply Chain Summit will discuss how trade transformation can fuel growth and new globalisation

The third annual Global Trade and Supply Chain Summit aims to shake up the status quo of global trade by bringing policymakers and businesses to the same table. Attendees will benefit from a discussion on how to improve supply chain openness, unleash trade in emerging countries and take action ...

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Business & Money | Thursday 17 August, 2023 9:47 am

Red Sea shareholders ratify contracts for leasing part of Rabigh land

Red Sea International Co.’s shareholders approved the contracts concluded between the company and former board member Saleh Mohammed Awad bin Laden during the ordinary general assembly meeting held on Aug. 16.  The contract was related to renting a part of a land plot in...

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Business & Money | Thursday 17 August, 2023 12:59 am

Dubai’s Multi-billion Dollar Joint Venture to Launch ‘Empire Developments’, Set to Enter UAE Real Estate Market

Dubai-based EssKay Holdings and Peace Home Real Estate business conglomerates jointly venture into UAE’s real estate market and set to launch Empire Developments, the real estate development company. Empire Developments aims to position itself as a ready-to-move-in and affordable residential...

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Business & Money | Thursday 17 August, 2023 12:01 am

FedEx Launches Regional Economy Services in the Middle East

FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, has launched FedEx® Regional Economy and FedEx® Regional Economy Freight services to cater to the increasing demand for cross-border trade in the Middle East region. The deferred,...

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