Business & Money | Wednesday 17 July, 2024 11:09 am

PIF launches 3 new renewable energy JVs

The Public Investment Fund (PIF) signed today, July 16, three new agreements to localize in Saudi Arabia the manufacturing and assembly of equipment and components needed for solar and wind power.   These agreements have been entered into by the Renewable Energy Localization Company...

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Business & Money | Wednesday 17 July, 2024 10:15 am

Ministry offers 100 enablers, incentives to industrial, mining investors

Minister of Industry and Mineral Resources Bandar Alkhorayef said that the industry and mineral resources system offers up to 100 capabilities and incentives to investors in the industrial and mining sectors.   Alkhorayef explained during a strategic workshop organized by the Private ...

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Business & Money | Wednesday 17 July, 2024 8:00 am

Entering the Silver and Gold Markets with Swagger

In the first few months of 2024, gold and silver prices were in extremely bullish mood. In April this year, gold actually managed to set a new price record, while silver almost topped its three-year peak. Analysts are struggling to understand the forces motivating the bull run because US interest...

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Business & Money | Tuesday 16 July, 2024 4:09 pm

15th Real Estate Development Summit Saudi Arabia: Europe Edition recently concluded on the 4th and 5th of July in Palau de Congressos Palma de Mallorca – Spain

 Aptly themed: Connecting beyond boundaries, this edition brought over 350 decision-makers together representing top projects in Saudi Arabia and a global pool of some of the most sought-after solutions. The gathering began with a heartfelt welcome address by Ravi Kumar...

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Business & Money | Tuesday 16 July, 2024 12:12 pm

Bahri partners with SLA to provide training and employment opportunities in KSA logistics sector

Bahri, a global leader in logistics and transportation, has entered into a training agreement with the Saudi Logistics Academy (SLA), a non-profit training facility established to qualify young Saudi talent across several industries including logistics, supply chain, e-commerce, and marketing. The...

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Business & Money | Tuesday 16 July, 2024 12:06 pm

Dubai Real Estate Market Defies Expectations with Surge in Transactions

Engel & Völkers Middle East, known for its residential and commercial real estate services in the premium segment, has released its latest market report for June, highlighting the ongoing resilience and growth of Dubai’s real estate market. Despite a pullback from May's record-breaking...

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Business & Money | Tuesday 16 July, 2024 12:01 pm

Xpro India Limited to set up its 1st global manufacturing unit in Ras Al Khaimah with an investment of over AED 100 million

Xpro India Limited, part of the Birla conglomerate and a producer of dielectric films used in capacitors, is establishing its first global manufacturing unit called Xpro Dielectric Films in Ras Al Khaimah. From being the first mover in dielectric film manufacture in India, this is a momentous step...

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Business & Money | Tuesday 16 July, 2024 11:57 am

NWC has started the implementation of 6 projects in Al-Jouf region at a cost exceeding SR 278 million

The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of 6 water and sanitation projects in different parts of the Al-Jouf region at a total cost of more than 278 million Saudi Riyals. These projects aim to increase the coverage of water and...

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Business & Money | Tuesday 16 July, 2024 11:47 am

Middle East workforce embrace upskilling to thrive in the age of GenAI and climate change, says new PwC report

Employees in the Middle East are actively embracing transformation and showing greater alignment with their organisations’ long-term goals than their global counterparts. According to the latest PwC Middle East Workforce Hopes & Fears Survey 2024, a remarkable 85% of more than 1,500 regional...

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Business & Money | Tuesday 16 July, 2024 11:33 am

Minister of Municipal Affairs approves requirements for constructing residential buildings

Minister of Municipal, Rural Affairs and Housing, Majid Al-Hogail, endorsed today, July 15, the requirements for constructing residential buildings of various types, including villas, residential buildings, commercial residential buildings and administrative residential buildings. These...

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