Business & Money | Friday 6 October, 2023 6:04 am

AWPT to set up limited liability company in Riyadh

Alkhorayef Water and Power Technologies Co.’s (AWPT) board of directors approved, on Oct. 4, to set up a limited liability company (LLC) in Riyadh, according to a statement to Tadawul.   The new entity will be capitalized at SAR 100,000 and will be fully owned by AWPT. It will...

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Business & Money | Friday 6 October, 2023 6:02 am

Saudi Steel Pipe, Aramco sign SAR 62.8 mln supply contract

Saudi Steel Pipe Co. (SSP) won a SAR 62.8 million contract to supply oil and gas steel pipes to Saudi Aramco. In a statement to Tadawul, SSP said the 10-month contract was signed today, Oct. 5. The relevant financial impact is expected to show in Q3 2024. There are no...

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Business & Money | Friday 6 October, 2023 5:59 am

Saudi Arabia records highest travel surplus in balance of payments in H1 2023

The Ministry of Tourism revealed that Saudi Arabia reported the highest-ever semi-annual surplus for the travel item in the balance of payments (BOP) during the first half of 2023. The surplus rose to nearly SAR 40 billion, supported by the significant growth in the spending by visitors of about...

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Business & Money | Friday 6 October, 2023 5:48 am

Expo Centre Sharjah takes part in GCC’s first-ever UFI Expert Day in Bahrain

The GCC’s first-ever UFI Expert Day has been hosted at Bahrain International Exhibition & Convention Centre, witnessing active participation from Expo Centre Sharjah. Representing the centre was Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, Chairman of the Arab Union for Exhibitions,...

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Business & Money | Friday 6 October, 2023 5:42 am

MoIAT convenes German industrial companies to explore investment opportunities at ADIPEC 2023

The Ministry of Industry and Advanced Technology (MoIAT) held round table for German companies to highlight the UAE’s value proposition and strengthen collaboration in the industrial sector.The sessions introduced investors to incentives available in the UAE that enable and cultivate sustainable...

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Business & Money | Friday 6 October, 2023 1:52 am

“Unlocking Sustainable Transformation: Breaking Barriers, Creating Solutions”

The Year of Sustainability in the UAE witnessed the celebration of a significant milestone when the 10th Arabia CSR Forum was convened by the Arabia CSR Network on October 3-4 under the patronage of the Ministry of Climate Change and Environment at Hotel Anantara Downtown in Dubai,...

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Business & Money | Thursday 5 October, 2023 11:37 am

Abdulaziz Al Boug named Chairman of Insurance Authority

Finance Minister Mohammed Al-Jadaan confirmed the issuance of a Royal Order appointing Abdulaziz bin Hassan Al Boug as Chairman of the Saudi Insurance Authority, in addition to his post as Governor of the General Organization for Social Insurance (GOSI).   In mid-August, the Saudi...

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Business & Money | Thursday 5 October, 2023 10:09 am

SADAFCO Partners with NTSC to Drive Fleet Decarbonization and a More Sustainable Future

SADAFCO, a prominent food manufacturer, seller, and distributor with a strong presence in Saudi Arabia and operations across the Middle East, announces a strategic partnership with the National Transportation Solutions Company (NTSC) to advance its sustainability 2030 vision. This partnership aims...

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Business & Money | Thursday 5 October, 2023 9:30 am

Forbes Middle East and PureHealth Partner to Advance Healthcare in MENA: Healthcare Summit on October 8-10, 2023

Forbes Middle East, in collaboration with PureHealth, the largest healthcare platform in the Middle East, has announced the return of the Forbes Middle East Healthcare Summit at St Regis Saadiyat, Abu Dhabi, from October 8-10. The summit sets a notable milestone as Abu Dhabi's inaugural sustainable ...

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Business & Money | Thursday 5 October, 2023 9:28 am

GCC light vehicle automotive aftermarket revenues to top US$12 billion in 2027, says expert at Automechanika Dubai

As the automotive aftermarket industry gathered at Automechanika Dubai this week, the latest market developments were shared during a series of sessions on the exhibition’s main stage.  Addressing the growth opportunities and changing trends in the GCC aftermarket, Subhashree...

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