Business & Money | Wednesday 2 October, 2024 10:30 am

ROSHN Secures Nine Billion Saudi Riyal Syndicated Credit Facility

ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF Company, has secured a nine billion Saudi Riyal (USD 2.4 billion) syndicated credit facility. The unsecured revolving credit facility will be for a duration of five years and is part of ROSHN’s funding...

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Business & Money | Wednesday 2 October, 2024 10:28 am

M42’s Environmental Sciences team wins Biotechnology - Environmental Services Award at Middle East Technology Excellence Awards 2024

M42’s Environmental Sciences team has won the prestigious Biotechnology - Environmental Services Award at the Middle East Technology Excellence Awards 2024 for its groundbreaking initiative, Pioneering Marine Conservation: Advanced Genomic Sequencing and AI for Sustainable Biodiversity...

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Business & Money | Wednesday 2 October, 2024 10:25 am

Nayyer Group establishes its manufacturing unit in Ras Al Khaimah to serve global markets

Nayyer Group, a leading geotextile and carpet producer from Pakistan, is establishing its subsidiary—Nayyer Carpets—with a state-of-the-art manufacturing unit in Ras Al Khaimah. Spanning 57,000 m2, this new facility in RAKEZ Al Ghail Industrial Zone is set to manufacture a variety of products,...

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Business & Money | Wednesday 2 October, 2024 10:22 am

ADFD in strategic partnership with EMSTEEL Group to support national industries

 In line with Abu Dhabi Fund for Development’s (ADFD) commitment to strengthening strategic partnerships with leading Emirati companies, a delegation from the Abu Dhabi Exports Office (ADEX), the export financing arm of ADFD, visited EMSTEEL Group (formerly known as Emirates Steel Arkan)....

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Business & Money | Wednesday 2 October, 2024 10:17 am

“Saudi Re” Appoints Ahmed Al-Jabr as New CEO

Saudi Reinsurance Company "Saudi Re" announced the appointment of Ahmed Al-Jabr as its new Chief Executive Officer, effective October 1st, 2024. Al-Jabr, who has been with Saudi Re since 2011, previously held the position of Chief Operations Officer before being promoted to the role of Deputy...

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Business & Money | Wednesday 2 October, 2024 10:13 am

SEE Holding Showcases 10 Years of Solar Innovation with City Solar at WETEX 2024

 SEE Holding, the mastermind behind The Sustainable City brand, is showcasing its pioneering solar subsidiary, City Solar, at WETEX 2024, the region’s leading exhibition for water, energy, technology, and the environment. Celebrating its 10th anniversary, City Solar will highlight its...

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Business & Money | Tuesday 1 October, 2024 11:09 am

Saudi economy set to record positive growth rates in 2025: Al-Jadaan

Minister of Finance Mohammed Al-Jadaan said he expects the Saudi economy to record positive growth rates during 2025 and in the medium term, thanks to the continued implementation of reforms, strategies and projects under Vision 2030. Thus, the Kingdom continues to diversify its economic base, ...

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Business & Money | Tuesday 1 October, 2024 11:05 am

BinDawood Holding inks franchise agreement to open 8 stores in Qatar

BinDawood Holding Co. signed on Sept. 30 a franchise agreement with the Regional Group Co. to open eight stores in Qatar, according to a statement to Tadawul. The franchisee is committed to establish and operate eight supermarket stores under the brand name “BinDawood”. The company...

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Business & Money | Tuesday 1 October, 2024 11:02 am

LIVA Insurance inks contract with Ceer

Liva Insurance Co. signed today, Oct. 1, a contract with Ceer, Saudi Arabia's first electric vehicle brand, to provide insurance services for construction risk coverage (excluding energy risks), valued at over 5% of total insurance revenue according to the audited financial statements for...

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Business & Money | Tuesday 1 October, 2024 11:00 am

Obeikan Glass OKs SAR 520M flat glass line

Obeikan Glass Co.’s board of directors approved the establishment of a second flat glass production line at its current factory located in the Royal Commission for Jubail and Yanbu (RCJY). The new line will have a production capacity of 650 tons per day, with an estimated project cost of...

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