Business & Money | Sunday 1 October, 2023 1:50 pm

NEOM and Maysalward to strengthen young gaming talent with the launch of the NEOM Game Dev Challenge

NEOM, the global development taking shape in northwest Saudi Arabia, has joined forces with Maysalward, the pioneering mobile game studio from the Middle East, in an exciting collaboration to launch the NEOM Game Dev Challenge. The pilot program has just begun with the goal of empowering the next...

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Business & Money | Sunday 1 October, 2023 12:30 pm

Najm Partners Up with iot squared to advance insurance services

Najm for Insurance Services has signed an agreement with iot squared, a leading company in providing Internet of Things (iot) solutions for smart logistics and cities, to advance insurance services in the Kingdom. The agreement was signed by the Acting CEO of Najm, Mohammad Al-Shehri, and the...

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Business & Money | Sunday 1 October, 2023 12:01 pm

Saudi’s Alamiya makes bold move back into the film industry with the acquisition of Lyra Pictures

Alamiya, a prominent live production and entertainment company in the Middle East with a fifty-year heritage, has announced its latest milestone in the industry – the acquisition of Lyra Pictures.  This transformative partnership marks a significant step towards shaping the future of...

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Business & Money | Sunday 1 October, 2023 11:01 am

CENOMI CENTERS AND CAREEM FORM STRATEGIC PARTNERSHIP TO DELIVER SEAMLESS RETAIL EXPERIENCE FOR CUSTOMERS

Cenomi Centers, the leading owner, operator, and developer of contemporary lifestyle centers in Saudi Arabia, and Careem, the region’s leading multi-service app,                 have announced a new strategic partnership aimed at improving...

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Business & Money | Sunday 1 October, 2023 10:00 am

Saudi economy seen to grow 0.03% in 2023

The Ministry of Finance expected to maintain positive economic growth rates this year and in the medium term, backed by structural reforms and sector strategies in line with Vision 2030.   In its Pre-Budget Statement 2024, the ministry expected real gross domestic product (GDP) to...

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Business & Money | Sunday 1 October, 2023 10:00 am

Red Sea International, Al Rajhi sign SAR 330 mln agreement to finance acquisition

Red Sea International Co. signed on Sept. 28 a financing facility agreement contract worth SAR 330 million with Al Rajhi Bank. The agreement aims to finance the acquisition of a 51% stake in Fundamental Installation for Electric Work Co. Ltd. (First Fix), the company said in a statement to...

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Business & Money | Saturday 30 September, 2023 3:07 am

UAE's EDGE acquires 50 percent stake in Brazil's SIATT

The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced the acquisition of a 50 percent stake in Brazilian smart weapons and high-tech systems specialist, SIATT. The acquisition deal was officially signed at SIATT's headquarters in the city of ...

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Business & Money | Saturday 30 September, 2023 12:58 am

CMA OKs View Real Estate 18.2% IPO on Nomu

The Capital Market Authority (CMA) approved on Sept. 28 registering and offering 600,000 shares, or 18.18% of View Limited Real Estate Development Co.’s capital on Nomu-Parallel Market, according to a CMA statement.   The IPO will be confined to qualified investors and the...

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Business & Money | Saturday 30 September, 2023 12:48 am

Italian Riviera-Inspired Dh250 Million ‘Samana Portofino’ Project Launched in Dubai Production City

Samana Developers, one of the fastest growing real estate companies according to Dubai Land Department data of Dubai developers, today launched a Dh250 million ‘Samana Portofino’ residential project in Dubai Production City, a popular freehold community alongside Sheikh Mohammed Bin Zayed...

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Business & Money | Saturday 30 September, 2023 12:22 am

NEOM and MB92 Group announces a yacht repair center at Sindalah

NEOM and leading superyacht maintenance company, MB92 Group, have announced a partnership to establish a 10,000 square-meter repair facility for yachts at NEOM’s luxury island and yachting destination on the Saudi water of the Red Sea, Sindalah.   The partnership aligns with the...

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