Business & Money | Friday 1 November, 2024 8:00 am

Global Trade and Infrastructure Summit at Logimotion to highlight connectivity and sustainable infrastructure

The upcoming Global Trade and Infrastructure Summit (GTIS), taking place from 10-11 December at Logimotion, will explore the complexities of global trade and infrastructure, bringing together experts from around the world.  Based on the theme: "Fostering Connectivity, Propelling Growth",...

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Business & Money | Friday 1 November, 2024 8:00 am

ADES completes acquisition of 2 jack-up rigs in Southeast Asia

ADES Holding Co. acquired two jack-up rigs from Vantage Drilling International Ltd. (Vantage Drilling) in Southeast Asia. The acquisition came after all conditions precedent under the agreements, signed in September, were satisfied, the company said in a statement to Tadawul. In...

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Business & Money | Friday 1 November, 2024 8:00 am

SNB plans SAR-denominated additional Tier 1 Sukuk issue

Saudi National Bank announced today, Oct. 31, its intention to issue SAR-denominated additional Tier 1 sukuk. In a statement to Tadawul, SNB said it mandated SNB Capital Co. as the sole book-runner, lead arranger, and lead manager for the proposed offer. The purpose of the potential offer ...

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Business & Money | Thursday 31 October, 2024 11:52 am

KoçSistem and SBM announce strategic partnership

Riyadh —  KoçSistem, a leading Turkish technology company with a long-standing history, is actively forming regional partnerships with global tech firms. The company has recently signed an agreement with Saudi Business Machines (SBM), Saudi Arabia’s leading provider of end-to-end...

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Business & Money | Thursday 31 October, 2024 10:34 am

Mayar’s subsidiary to manufacture elevators of Chinese firm in Saudi Arabia

Mayar Holding Co. said that its subsidiary, Gulf Elevators & Escalators Co. Ltd signed a partnership agreement with China’s Shenyang Yuanda Intellectual Industry Group Co. to manufacture its elevators and escalators products in Saudi Arbia.The company will also upgrade and develop the current ...

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Business & Money | Thursday 31 October, 2024 10:28 am

Aljazira Capital Partners with ATEL Capital Group and Guidance Investments to Launch Ijarah – A Shariah-Compliant Leasing Venture in Saudi Arabia

Aljazira Capital, a leading Saudi investment firm and subsidiary of Bank Aljazira, has entered a strategic partnership with ATEL Capital Group and Guidance Investments to launch, Ijarah, a groundbreaking Shariah-compliant operating lease business for essential equipment in Saudi Arabia. This joint...

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Business & Money | Thursday 31 October, 2024 10:15 am

Dubai real estate collaboration can build ‘greatest city in the world’

Dubai’s growing assembly of more than 22,900 real estate brokers can combine to help build the greatest city in the world through a shift to more collaborative practices. That is the vision behind a first of its kind educational programme aimed at transforming the Dubai property market, with ...

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Business & Money | Thursday 31 October, 2024 10:13 am

Celebrating Leadership in Saudi Community Empowerment and Development Zain KSA Wins Gold at CSR 2024

Zain KSA, the leading telecom and digital services provider in Saudi Arabia, announced that it has won the Gold Award in the inaugural edition of the Corporate Social Responsibility (CSR) Award, organized by the Ministry of Human Resources and Social Development. This recognition highlights Zain...

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Business & Money | Thursday 31 October, 2024 10:06 am

TASARU’s Investment in Blacklane Will Accelerate Its Expansion into the Saudi Arabian Market

TASARU Mobility Investments ("TASARU"), a leading investment company wholly owned by the Public Investment Fund ("PIF"), has announced an investment in Blacklane on the sidelines of the 8th Edition of the prestigious Future Investment Initiative ("FII8"). This investment will empower Blacklane to...

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Business & Money | Thursday 31 October, 2024 9:58 am

MOHAMMED BIN RASHID AEROSPACE HUB SIGNS AGREEMENT WITH LIEBHERR-AEROSPACE TO ESTABLISH AN MRO FACILITY AT DUBAI SOUTH

Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, signed an agreement with Liebherr- Aerospace to launch a new MRO facility at Dubai South.   The new facility, which will be completed by end of 2025, will ...

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