Business & Money | Monday 7 August, 2023 12:14 pm

King Abdullah Port Announce Strategic Partnerships Boosting Maritime Offerings

King Abdullah Port, recognized as the most efficient port worldwide according to the World Bank's 2022 Report, is proud to announce a strategic partnership with two premier providers of marine fuel supply and services: Western Fuel Supply for Petroleum Products Company Limited and Minerva...

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Business & Money | Monday 7 August, 2023 11:12 am

Dubai surpasses pre-pandemic international visitation levels in H1 2023 with 20% YoY growth

Dubai’s resurgent tourism industry is celebrating a successful first half of 2023 (H1 2023), after welcoming a record 8.55 million international overnight visitors, compared to 8.36 million tourists in H1 2019.Surpassing pre-pandemic visitation levels and further bolstering the city’s bid to...

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Business & Money | Monday 7 August, 2023 9:46 am

Barratt London partners with Dubai-based Hardington Residential

UAE-headquartered Hardington Residential has signed an exclusive contract with Barratt London, part of the UK’s largest housebuilder Barratt Group, to market the company’s latest London developments to MENA investors, as differing demands from countries in the region are seeing an uptick in...

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Business & Money | Monday 7 August, 2023 8:59 am

Saudi, Turkish firms sign agreements to localize drone industry

Several Saudi companies specialized in military and defense industries signed an agreement and two memorandums of understanding (MoUs) with Turkish defense companies to localize the drone industry and its component systems within the Kingdom. The agreement and MoUs complemented the two...

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Business & Money | Sunday 6 August, 2023 2:00 pm

NWC Awards SAR1.6 Billion Manfouha Treatment Plants O&M Contract to AlKhorayef Company

The National Water Company (NWC) announced that it has awarded a Long-Term Operation and Maintenance (LTOM) contract for the rehabilitation, operation and maintenance of sewage treatment plants (STPs) in Manfouha, Riyadh, to Alkhorayef Water and Power Technologies Company (AWPT). The contract spans ...

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Business & Money | Sunday 6 August, 2023 12:39 pm

PIF Establishes SRJ Sports Investments Company to Elevate Sports Sector in Saudi Arabia and MENA

The Public Investment Fund (PIF) today announced the establishment of SRJ Sports Investments, a sports investment company that aims to accelerate the growth of the sports sector in Saudi Arabia and MENA.   SRJ Sports Investments will invest in acquiring and creating new sports events ...

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Business & Money | Sunday 6 August, 2023 12:15 pm

Some project contracts on track to be signed; impact to reflect as of H2 onwards: Retal CEO

Retal Urban Development Co. is on track of signing contracts for various projects that will reflect positively on financials for the second half of 2023 onwards, CEO Abdullah Albraikan told Argaam exclusively.   Retal achieved many developments in terms of operational performance, as ...

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Business & Money | Sunday 6 August, 2023 11:44 am

PIF has SAR 2.23 trln AUMs in 2022

The Public Investment Fund (PIF) said gross assets under management (AUMs) reached 2.23 trillion, including SAR 5 billion funds redeemed from government entities, the fund said in its annual report for 2022.   International investments accounted for 23%, or SAR 512 billion, of gross...

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Business & Money | Sunday 6 August, 2023 11:21 am

Achieving 687 Million Riyals in Net Profit Zain KSA Realizes Record Half-Year Revenue and Net Profit

Zain KSA achieved its highest half-year profit ever during the first half of 2023, amounting to SAR 687 million, a 221% increase compared to the first half of 2022. The increase in profit is attributed to a growth in revenue during the first half of the year to SAR 4.8 billion, a 10% increase...

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Business & Money | Sunday 6 August, 2023 11:07 am

JETRO President looks forward to strengthening trade, investment relations with UAE

ISHIGURO Norihiko, Chairman of the Board of Directors of the Japan External Trade Organisation (JETRO), says his country is aiming to strengthen trade and investment relations with the United Arab Emirates.In an interview with the Emirates News Agency WAM in Tokyo, Ishiguro noted the significance...

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