Business & Money | Thursday 15 June, 2023 11:46 am

Top Japanese architect expands operations in Dubai cementing 30-year pedigree in the emirate

Leading Japanese architectural, engineering, and urban design firm, Nikken Sekkei, one of the world’s largest practices, celebrated the launch of the company’s local subsidiary and new office in Dubai Design District (D3) at a glittering reception in Dubai...

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Business & Money | Thursday 15 June, 2023 9:10 am

Jada Fund of Funds Company commits to invest in Investcorp’s $500 million Saudi Pre-IPO Growth Fund

Investcorp, a leading global alternative investment firm, has announced that Jada Fund of Funds, a subsidiary of the Public Investment Fund (PIF), has committed to invest in Investcorp Saudi Pre-IPO Growth Fund (the “Fund”). The Fund was launched last year to invest in a diversified portfolio...

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Business & Money | Thursday 15 June, 2023 9:06 am

Schneider Electric inaugurates new production line to manufacture ‘Made in Saudi Arabia’ products

Schneider Electric, a global leader in the digital transformation of energy management and automation, has opened a new production line in Riyadh to manufacture hardware that will contribute to Saudi Arabia’s energy efficiency and sustainability. The state-of-the-art production line will...

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Business & Money | Wednesday 14 June, 2023 11:03 pm

US Fed holds key rate for first time since March 2022

The Federal Reserve kept interest rates unchanged for the first time since 15 months.The Federal Reserve kept its key interest rate steady at the range of 5%-5.25% after raising interest for 10 consecutive meetings.In its policy statement after the meeting, the Federal Reserve...

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Business & Money | Wednesday 14 June, 2023 3:21 pm

Saudi Arabia jumps to 16th spot on UNCTAD maritime connectivity index

The United Nations Conference on Trade and Development (UNCTAD) Liner Shipping Connectivity Index for Q2 2023 noted another bump in connectivity for Saudi Arabia to advance to the 16th position. UNCTAD scored Saudi Arabia at 76.16 points in Q2 2023, within 187 countries, through various...

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Business & Money | Wednesday 14 June, 2023 2:23 pm

"Jazeera Paints" Takes Part in the First Annual Career Onboarding Exhibition

King Khalid University (the “KKU”) organized the First Annual Career Onboarding Exhibition Under the "KKU Expo 2023", Jazeera Paints participated in the said Exhibition for three days. Such Exhibition was launched by His Royal Highness, Prince Turki bin Talal bin Abdulaziz, the Governor of ...

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Business & Money | Wednesday 14 June, 2023 1:14 pm

Saudi Arabia Jumps to 13th Rank from 27th on IATA Air Connectivity Index

The Kingdom of Saudi Arabia jumped to the 13th position on the air connectivity index of the International Air Transport Association (IATA) in 2023, up from the 27th position in 2019. In the ranking that includes over 200 countries, the Kingdom achieved a record rise by 14 places. It achieved...

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Business & Money | Wednesday 14 June, 2023 12:37 pm

Idle Lands Program applies fess, defines scope as per prescribed criteria

The Idle Lands Program announced the second phase of fees was applied according to specific criteria, in compliance with the results of population and economic studies conducted by the program in cooperation with related authorities.   As reported by Saudi Press Agency, the...

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Business & Money | Wednesday 14 June, 2023 12:06 pm

Emaar Unveils The Oasis by Emaar, a USD20 Billion Luxurious Lifestyle Destination, at Burj Khalifa Gala with Guest of Honour Shahrukh Khan

Emaar Properties celebrated the launch of The Oasis by Emaar, its latest waterfront luxury lifestyle destination, with a gala event held last night at the Armani Hotel in Burj Khalifa, Downtown Dubai.The exclusive VIP event was attended by Emaar Properties customers and top properties agents. The...

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Business & Money | Wednesday 14 June, 2023 8:57 am

Kafalah to offer SAR 12.7 bln SME guarantees in 2023: CEO

The Small and Medium Enterprises Loan Guarantee Program (Kafalah) aims to offer SAR 12.7 billion worth of SME credit guarantee financing in 2023, CEO Homam Hashem told Argaam in an interview.   The top executive added that the value of loan guarantees granted to SMEs in the first...

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