Business & Money | Saturday 16 September, 2023 1:55 am

Safa Investment undertakes over SAR 4.5 bln projects: CEO

Safa Investment Co. currently undertakes projects of over SAR 4.5 billion.   CEO Moath Alzaid told Argaam on the sidelines of the EFG Hermes Saudi Forum in London that Safa plans to supply a number of quality residential complexes and units, noting that the occupancy rate at...

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Government | Saturday 16 September, 2023 1:47 am

Minister of Economy meets officials, investors from China, Hong Kong

Abdullah bin Touq Al Marri, Minister of Economy, held talks with high-level officials and investors from China and Hong Kong.During the talks, the two sides discussed ways of enhancing their economic relations and finding new opportunities to deepen the strategic partnership between the two...

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Business & Money | Saturday 16 September, 2023 1:46 am

UAE and China’s Hainan Province sign multiple deals to boost cooperation in priority sectors

The UAE and China's Hainan Province have signed four major private-sector agreements aimed at boosting the rapidly expanding bilateral trade and investment ties. The signing ceremony took place during the Hainan Promotion Conference in Dubai, and was attended by Dr. Thani bin Ahmed Al Zeyoudi, ...

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Business & Money | Saturday 16 September, 2023 1:42 am

Aramco acquires Esmax, enters Latin America’s retail market

Saudi Aramco agreed to purchase a 100% equity stake in Esmax Distribusción SpA (Esmax) from Southern Cross Group, a Latin America-focused private equity company.     Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence...

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Government | Saturday 16 September, 2023 1:35 am

GAC files criminal cases against 43 establishments in car market

The General Authority for Competition (GAC) brought charges against several car agents and distributors, deciding to file criminal cases against 43 establishments in the sector and 24 in other segments. It will also hold investigations into the collusion of eight establishments for SAR 600 million...

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Business & Money | Saturday 16 September, 2023 1:22 am

Lunate launches in Abu Dhabi with over $50bn of AuM

Lunate, a new Partner-led and independent global alternative investment manager, today announced it will launch with more than US$50 billion of Assets under Management (AuM), making it one of the largest in the MENA region. The creation of Lunate follows a multi-party effort to establish an...

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Business & Money | Saturday 16 September, 2023 1:04 am

Invest in Sharjah' participates in Belt and Road Summit

Sharjah FDI Office (Invest in Sharjah) participated at the Belt and Road Summit, which took place in Hong Kong from 13th-14th September. Invest in Sharjah was represented by Ahmed Obaid Al Qaseer, CEO of Sharjah Investment and Development Authority (Shurooq); Marwan Saleh Alichla, Director of...

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Business & Money | Saturday 16 September, 2023 12:01 am

GACA issues monthly airport performance report

The General Authority of Civil Aviation (GACA) issued its August report on the performance of domestic and international airports in Saudi Arabia.   The airports are assessed according to 14 basic performance measurement criteria. This comes in implementation of the strategic...

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Tourism & Hospitality | Friday 15 September, 2023 6:23 pm

Four Seasons Hotel Riyadh Honors the 93rd Saudi National Day with Festive Celebrations

On the occasion of the 93rdSaudi National Day, discover true Saudi hospitality at Four Seasons Hotel Riyadh at Kingdom Centre with four days ofcelebrations including a range of exciting experiences for the whole family.A PERFECT ESCAPEFamilies can celebrate with a perfect staycation, by booking one ...

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Culture & Education | Friday 15 September, 2023 2:29 am

Royal Commission for AlUla and Antiquities Association sign co-operation agreement at AlUla

The Royal Commission for AlUla (RCU) and Saudi Arabia’s Antiquities Association have signed an agreement to promote research and community participation in the fields of antiquities and cultural heritage, during this week’s AlUla World Archaeology Summit.The agreement, signed by Dr Abdulrahman...

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