Business & Money | Tuesday 20 February, 2024 9:41 am

Balady Poultry pens SAR 26.3M contract with Chinese firm to set up feed plant

Balady Poultry Trading Co. (Balady Poultry) signed, on Feb. 19, a contract with China-based FAMSUN Group Co. Ltd. to establish a feed production plant, which will include three poultry feed production lines, at a total cost of $7 million or SAR 26.3 million. In a statement to Tadawul, the...

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Business & Money | Tuesday 20 February, 2024 9:40 am

Saudi Arabia ranks 1st on ESCWA’s government electronic and mobile services maturity index 2023

Saudi Arabia ranked first on the government electronic and mobile services maturity index (GEMS) 2023, issued by the UN Economic and Social Commission for Western Asia (ESCWA). The Kingdom maintained its leading position for the second consecutive time, with a maturity of 93%. ...

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Business & Money | Tuesday 20 February, 2024 9:24 am

Retal inks development management agreement in Riyadh at SAR 25M

Retal Urban Development Co. signed on Feb. 19, 2024, a development management agreement with Business Oasis Fund, managed by BlomInvest Saudi Arabia, at a total value of SAR 25 million excluding taxes.   Under the agreement, Retal will be appointed as a development manager for...

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Tourism & Hospitality | Tuesday 20 February, 2024 9:24 am

Unified tourist visa to improve GCC position as global destination: Minister

The GCC Supreme Council's approval of the unified tourist visa is a historic step that reflects its commitment to strengthening cooperation and deepening ties in the field of tourism, said Minister of Tourism Ahmed Al Khateeb. The decision will help the gulf countries become a global tourist...

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Business & Money | Tuesday 20 February, 2024 9:21 am

REITs constitute 34% of total Saudi funds with SAR 192B: Official

The REITs dominate 34% of the total size of funds in Saudi Arabia, with SAR 192 billion, Al Eqtisadiah newspaper reported, citing Fahad bin Hamdan, Assistant Deputy, Financing, and Investment at the Capital Market Authority (CMA).   REITs dominated nearly 18% of the total funds...

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Business & Money | Tuesday 20 February, 2024 9:14 am

Reflecting on Success: CFO StraTech KSA 2024 Recap

The CFO StraTech KSA 2024 Conference, which concluded on the February 8th 2024, at the Hyatt Regency Olaya Riyadh, carried the resounding theme of Learn, Leverage, Lead. This exclusive, closed-door initiative brought together a community of CFOs in the region, who collectively shared their...

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Business & Money | Tuesday 20 February, 2024 9:07 am

C1 Extends Market Presence to Saudi Arabia Following Success in Oman, Bahrain and UAE

In today's fast-paced business landscape, organizations across industries face a multitude of challenges when it comes to procurement. From inefficient processes to maverick spending and associated risks, the need for advanced solutions has never been more critical.According to recent studies,...

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Tourism & Hospitality | Monday 19 February, 2024 10:45 pm

Peet's Coffee Makes Grand Entrance into Saudi Market with Six Store Openings

Peet’s Coffee, the Iconic Original Craft Coffee Brand, has officially marked its entry into the Kingdom of Saudi Arabia with the inauguration of six new stores. This significant move underscores Peet’s steadfast commitment to embedding its esteemed legacy and footprint within the vibrant Saudi...

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Cars & Autos | Monday 19 February, 2024 10:43 pm

Wallan Trading Company celebrates ZEEKR partnership with the launch of a luxury electric vehicle lineup

Wallan Trading Company — the leading player in the Saudi automotive sector — has signed a strategic agreement withZEEKR, the global electric mobility technology and solutionsbrand owned by Geely Automobile Holdings. The agreement will see the two entities collaborate as partners, with...

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Business & Money | Monday 19 February, 2024 5:55 pm

Gulfood to lead the way on where the F&B industry goes next, driving investment, competitiveness and growth

The largest ever edition of Gulfood, the benchmark event for the global F&B community kicks off next week (19 February), at Dubai World Trade Centre, opening its doors to 150,000 attendees from 190 countries. With an estimated USD 12 billion in international trade deals on the table,...

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