Business & Money | Wednesday 30 October, 2024 10:27 am

GCAA launches workshops on winter weather challenges in aviation

The General Civil Aviation Authority (GCAA) held a workshop with its strategic partners in Dubai to discuss challenges associated with weather fluctuations, sharing field experiences and best practices that strengthen preparedness for handling similar future conditions. This workshop is part...

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Business & Money | Wednesday 30 October, 2024 10:23 am

Multiply Group reports net profit for first nine months to AED920 million

Multiply Group today reported its Q3-24 results with a net profit excluding fair value changes of AED 207 million, bringing net profit for the first nine months to AED 920 million. The year-to-date strong performance (+13% year-on-year) reflects the successful integration of recent acquisitions,...

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Business & Money | Wednesday 30 October, 2024 10:22 am

Aramco announces supply chain financing solution

Saudi Aramco announced during the FII 8th Edition in Riyadh signing agreements to establish a supply chain financing solution. In an emailed statement to Argaam, the company said it signed an agreement with Taulia, a SAP company and leading FinTech provider of working capital...

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Business & Money | Wednesday 30 October, 2024 10:17 am

A Journey Through 30 Years of GCC Retail: Unveiling Souks to Malls: The Faces Behind the Industry’s Success

A tribute to the Gulf’s retail journey featuring stories, insights, and reflections on the region’s transformation. After nearly nine months of dedication and collaboration, the highly anticipated book, "Souks to Malls: Retail Evolution in the Gulf - The People," is now ready to launch....

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Business & Money | Wednesday 30 October, 2024 10:08 am

Cost of energy used in building Kingdom’s data centers cheapest globally: Nasser

The oil market is currently balanced in terms of supply and demand, despite demand being affected by rising interest rates and the economic situation in China, said Saudi Aramco’s President and CEO Amin Nasser. The energy transition depends on the level of economic maturity. Exports to...

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Business & Money | Wednesday 30 October, 2024 10:05 am

Hetarth Patel interview - Eye of Riyadh (Seamless)

1. After your time at Seamless, what are the most exciting innovations you're seeing in how brands across sectors like e-commerce and retail are approaching customer retention? At Seamless, it was clear that brands across sectors are recognizing that without a personalized approach, retention...

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Business & Money | Wednesday 30 October, 2024 10:05 am

Aramco Digital licensed to provide specialized wireless communications services

Aramco Digital received a license to provide the specialized wireless communications services, from the Communications, Space and Technology Commission (CST). The CST said in a statement that the license would allow Aramco Digital to provide services to industrial, business, oil, and gas...

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Business & Money | Wednesday 30 October, 2024 9:59 am

ACWA Power signs agreements worth $1.8B

ACWA Power Co. signed four agreements worth $1,784 million (SAR 6,690 million) on the first day of the Future Investment Initiative (FII8) in Riyadh. These agreements encompass key areas such as project financing, renewable energy and storage projects, as well as research and development...

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Business & Money | Wednesday 30 October, 2024 9:25 am

Saudi Aramco, Petrovietnam sign framework cooperation deal

Saudi Aramco signed a framework cooperation agreement with Vietnam Oil and Gas Group (Petrovietnam) during an official visit by the Vietnamese Prime Minister to the Kingdom.  According to a statement released by Aramco, the agreement paves the way for potential...

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Business & Money | Wednesday 30 October, 2024 8:17 am

Nofoth inks MoU to acquire Maqsood Restaurant brand

Nofoth Food Products Co. signed on Oct. 29 a non-binding memorandum of understanding (MoU) to acquire the Maqsood Restaurant brand, a statement said to Tadawul. As part of the agreement, Maqsood Restaurant Co. will transfer two of its Riyadh branches, along with all brand-related assets, to...

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