Business & Money | Thursday 1 June, 2023 3:19 pm

Saudi Contractors Authority rolls out contractor pre-qualification program for PIF units

The Saudi Contractors Authority (SCA) and the Public Investment Fund (PIF) launched the contractor pre-qualification program for the fund’s units. The program aims to provide various services and facilities, enabling contractors to pre-qualify under the applicable technical standards. This...

More Details

Business & Money | Thursday 1 June, 2023 2:59 pm

MENA M&A value for Q1 2023 grows by 42% in comparison to Q1 2023

The MENA region witnessed a 42% increase in the total value of merger and acquisition (M&A) deals in Q1 2023 compared to the same period last year, according to the latest EY MENA M&A Insights report. Overall, the first quarter of the year saw 165 deals amounting to US$25.8b.The...

More Details

Business & Money | Thursday 1 June, 2023 1:27 pm

KAEC Launches New Special Economic Zone During SEZ Investment Forum in Riyadh

Organized by the Economic Cities and Special Zones Authority, the forum saw the launch of four special economic zones in the Kingdom  Following the announcement of Special Economic Zones (SEZs) in Saudi Arabia by His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince...

More Details

Business & Money | Thursday 1 June, 2023 12:31 pm

Azizi Developments, Laidlaw Gulf LLC extend partnership for supply of ironmongery products

Azizi Developments, a leading private developer in the UAE, has extended its partnership with Laidlaw Gulf LLC to supply premium ironmongery products for wooden doors across five different projects: Park Avenue I & II, Pearl, Amber, and Creek Views II. Laidlaw Gulf, the MENA region’s...

More Details

Business & Money | Thursday 1 June, 2023 11:41 am

du triumphs at Mobile Marketing Association Annual Awards with five prestigious accolades

du, from Emirates Integrated Telecommunication Company (EITC), today announced its remarkable achievement of securing five esteemed awards at the globally recognised Mobile Marketing Association (MMA) Annual Awards Ceremony, held at Rixos JBR. The MMA honours exceptional mobile marketing campaigns...

More Details

Business & Money | Thursday 1 June, 2023 11:16 am

Standard Chartered: Saudi Arabia’s exports to hit USD418bn by 2030 at nearly 5% annual growth

Future of Trade: New opportunities in high-growth corridors– a research report by Standard Chartered – projects that global trade is set to reach USD32.6tn with a growth rate of five per cent by 2030.  Trade corridors anchored in Asia, Africa and the Middle East will outpace global trade...

More Details

Business & Money | Thursday 1 June, 2023 10:30 am

SRMG’s Taoq inks SAR 180 mln foreign media, marketing services contract

Saudi Research and Media Group’s (SRMG) subsidiary, Taoq Public Relations, signed, on May 31, a SAR 180 million contract with a commercial company active in publicity, advertising, and public relations, to provide international media and marketing services. The three-year contract is...

More Details

Business & Money | Thursday 1 June, 2023 10:03 am

Standard Chartered: UAE Exports Projected to Reach AED 2 trillion by 2030

Standard Chartered revealed today its latest research report titled "Future of Trade: New opportunities in high-growth corridors”. The report forecasts that the global trade industry is expected to reach AED 120 trillion by 2030, with a projected growth rate of five per cent. The United Arab ...

More Details

Business & Money | Thursday 1 June, 2023 9:39 am

Emaar EC CEO says 110 companies invested in Industrial Valley

As many as 110 companies have invested in the Industrial Valley, said Cyril Piaia, CEO of Emaar The Economic City (Emaar EC). In a statement to Argaam, on the sidelines of the Saudi Special Economic Zones Investment Forum, he indicated that there are discussions with many investors to invest...

More Details

Business & Money | Thursday 1 June, 2023 9:28 am

Tawuniya wins SAR 999.2 mln contract from Foreign Affairs Ministry

The Company for Cooperative Insurance (Tawuniya) received, on May 31, approval from the Ministry of Foreign Affairs, on awarding a project worth SAR 999.18 million.  In a statement to Tadawul, Tawuniya pointed out that it will provide health...

More Details