Business & Money | Tuesday 13 May, 2025 1:31 pm

Saudi Arabia transforms into attractive investment destination: BlackRock CEO

Larry Fink, CEO of BlackRock Inc., said Saudi Arabia has become an important global hub for attracting investments, transitioning from a capital-exporting economy into a capital-importing destination. Speaking at a panel discussion at the Saudi-US Investment Forum, Fink said that expanding the ...

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Business & Money | Tuesday 13 May, 2025 1:26 pm

Lucid CEO: Major collaboration with PIF to train Saudi talents

Mark Winterhoff, Acting CEO of Lucid Motors, said that substantial efforts are being made in collaboration with the Public Investment Fund (PIF) to train and develop national talents. These efforts include joint programs that involve preparing Saudi nationals to work in local manufacturing...

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Business & Money | Tuesday 13 May, 2025 1:23 pm

Saudi-US Investment Forum 2025 kicks off today in Riyadh

The Saudi–US Investment Forum 2025 kicked off today, May 13, in Riyadh, bringing business leaders together to explore new opportunities that further strengthen the partnership between the two nations. The forum is being held on the occasion of US President Donald Trump's visit to Saudi...

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Business & Money | Tuesday 13 May, 2025 1:22 pm

Al-Falih says rapid global changes support stronger Saudi-US ties

Saudi Arabia’s Minister of Investment, Khalid Al-Falih, said that rapid global transformations, economic fluctuations, and technological advancements currently taking place are reshaping the international economic landscape. Speaking at the opening of the Saudi-US Investment Forum, Al-Falih...

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Business & Money | Tuesday 13 May, 2025 11:44 am

The Saudi Food Show 2025, the Kingdom’s leading F&B event, gets underway

H.E Dr. Abdullah Abdulaziz Al-Rabeeah, Advisor to the Royal Court Supervisor General of King Salman Humanitarian Aid and Relief Centre, inaugurated the opening of the Saudi Food Show 2025 exhibition today (Monday) at the Riyadh International Convention and Exhibition Centre in Riyadh Front. He was...

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Tourism & Hospitality | Monday 12 May, 2025 11:45 am

The Land of Legends Opens 2025 Season for A Legendary Family Summer in Antalya

As Türkiye’s tourism industry enters a record-setting year, The Land of Legends opens its 2025 summer season with new family-oriented offerings in Antalya. Prioritizing experiences over traditional holiday packages, the resort blends themed entertainment, accommodation, and retail into one...

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Business & Money | Monday 12 May, 2025 11:40 am

Aramco debt level ‘very low’; 3M bpd surplus capacity: Exec

Saudi Arabian Oil Co.’s (Saudi Aramco) debt level at 5.3% is the lowest among the five major global oil firms, Ziad Al-Murshed, Executive Vice President and CFO, told Al-Ekhbariya TV. The low debt level further strengthens Aramco’s financial flexibility, boosts its ability to execute its...

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Business & Money | Monday 12 May, 2025 11:35 am

SMC issues supplementary prospectus with Tawuniya as cornerstone investor

Specialized Medical Co. (SMC) issued a supplementary prospectus, disclosing that it received a binding commitment from The Company for Cooperative Insurance (Tawuniya) to subscribe as a cornerstone investor for 5.875 million shares in the offering, representing 2.35% of the company’s...

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Business & Money | Monday 12 May, 2025 11:32 am

UAE Chambers discuss strengthening economic, investment cooperation with Mongolia

The Federation of UAE Chambers of Commerce and Industry (UAE Chambers) has called for enhancing economic and investment cooperation with Mongolia, in a way that serves the mutual interests of business communities in both friendly countries. This came during a meeting between Humaid Mohammed...

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Business & Money | Monday 12 May, 2025 11:29 am

AqlanX secures $10 million investment from DoxAI to launch Arabic-first enterprise AI in Middle East

AqlanX, a UAE-based artificial intelligence company, today announced a US$10 million investment from Lakeba Group through their venture DoxAI, marking a significant milestone in the region’s digital transformation journey. The investment, facilitated through connections fostered by the...

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