Business & Money | Sunday 15 September, 2024 8:58 am

GO to acquire 51% Stake in eJad for SAR 86.7 Million

Etihad Atheeb Telecommunication Co. (GO) signed on Sept. 14 a binding Memorandum of Understanding (MoU) to acquire a 51% equity stake in eJad Tech Co. for a total consideration of SAR 86.7 million.   In a statement to Tadawul, the company pointed out that the acquisition will be...

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Business & Money | Sunday 15 September, 2024 8:57 am

Al Akaria says Bayan’s guarantor ordered to pay SAR 187.5M

Saudi Real Estate Co. (Al Akaria) said that a final ruling was issued on Sept. 14 by the Commercial Court in Riyadh, ordering the defendant Mohammed Obeid Al-Hammad to pay the company SAR 187.5 million. In a statement to Tadawul, the company entered into an agreement with Al Bayan Holding...

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Business & Money | Saturday 14 September, 2024 12:09 pm

Al-Falih: 750 Chinese companies drive major projects in Saudi Arabia

Saudi Minister of Investment Khalid Al-Falih said that around 750 Chinese companies are currently operating in Saudi Arabia, contributing to major construction projects, including NEOM.   In an interview with Xinhua, Al-Falih stressed that the Kingdom aspires to have more Chinese...

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Business & Money | Saturday 14 September, 2024 12:04 pm

S&P affirms Saudi Arabia’s rating at A/A-1, outlook positive

S&P Global Ratings revised its outlook on Saudi Arabia to “Positive” from “Stable” and affirmed its 'A/A-1' long- and short-term foreign and local currency unsolicited sovereign credit ratings.   In a recent report, the agency said its rating reflects the Saudi...

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Business & Money | Friday 13 September, 2024 3:49 pm

Informa Tharawat and Real Estate Regulatory Authority sign MoU to cohost Qatar Real Estate Forum and Cityscape 2024

Cityscape Qatar, the premier real estate event, announced the signing of a Memorandum of Understanding (MoU) with the Real Estate Regulatory Authority (Aqarat), to host an exceptional edition of the Qatar Real Estate Forum and Cityscape 2024.  Held under the patronage of HE Sheikh Mohammed bin ...

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Business & Money | Friday 13 September, 2024 3:49 pm

Informa Tharawat and Real Estate Regulatory Authority sign MoU to cohost Qatar Real Estate Forum and Cityscape 2024

Cityscape Qatar, the premier real estate event, announced the signing of a Memorandum of Understanding (MoU) with the Real Estate Regulatory Authority (Aqarat), to host an exceptional edition of the Qatar Real Estate Forum and Cityscape 2024.  Held under the patronage of HE Sheikh Mohammed bin ...

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Business & Money | Friday 13 September, 2024 3:41 pm

Industry Minister outlines 3 pathways for AI adoption in industrial, mining sectors

Bandar Alkhorayef, Minister of Industry and Mineral Resources, said the industrial and mining sectors benefit significantly from artificial intelligence (AI), Al Eqtisadiah newspaper reported.   He added that the ministry is on the right track to leveraging the AI through three key...

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Business & Money | Friday 13 September, 2024 3:40 pm

CMA endorses strategic plan for 2024-2026

The Capital Market Authority (CMA) has adopted the strategic plan for the period 2024-2026 to continue the continuous development of the financial market, in line with the requirements of the next stage, and in accordance with the Financial Sector Program plan, serving the objectives of Saudi...

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Business & Money | Friday 13 September, 2024 12:50 am

RAKEZ expands business opportunities in China through strategic collaborations and CIFIT participation

Ras Al Khaimah Economic Zone (RAKEZ) has successfully completed an extensive business mission in China, characterised by its participation in the prestigious China International Fair for Investment & Trade (CIFIT), where His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member...

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Business & Money | Friday 13 September, 2024 12:36 am

Athar Festival Announces Lineup of Initiatives to Empower Senior Marketers and C-Suite Executives in Saudi Arabia

Athar – Saudi Festival of Creativity, the Kingdom's largest gathering of the creative marketing industry, is set to present an array of initiatives during its second edition from 5-6 November 2024. These initiatives aim to develop professionals at every level ultimately elevating the Kingdom’s...

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