Business & Money | Sunday 17 September, 2023 8:57 am

RER concludes participation at Cityscape Global, unveils five-year plan and goals

The Real Estate Registry (RER) has wrapped up its participation in Cityscape Global, hosted in Riyadh from September 10 to 13, 2023, with a Memorandum of Understanding. Revealing its targets for the next five years, RER also announced that nearly 80% of all properties across the Kingdom are ready...

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Business & Money | Sunday 17 September, 2023 8:40 am

Future Food Forum 2023 to continue pioneering advancement of F&B sector in the region

UAE Food & Beverage Business Group (F&B Group), under the patronage of the UAE Ministry of Economy and Dubai Chamber of Commerce, announced the 5th edition of the Future Food Forum 2023, which continues to drive the progress of the F&B sector and symbolises the relentless efforts of key ...

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Business & Money | Saturday 16 September, 2023 2:44 am

ROSHN has SAR 10 bln cash to finance real estate projects: CEO

ROSHN Real Estate Co., a wholly-owned subsidiary of the Public Investment Fund (PIF), has nearly SAR 10 billion in its balance sheet to finance real estate projects, CEO David Grover told Asharq. Although ROSHN has not yet withdrew the SAR 6 billion credit facilities secured from three local...

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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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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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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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Business & Money | Friday 15 September, 2023 1:52 am

Al Sagr board proposes SAR 160 mln rights issue to raise capital

The board of Al Sagr Cooperative Insurance Co. recommended, on Sept. 13, increasing the company’s capital to SAR 300 million through a SAR 160 million rights offering.    The capital increase will help Al Sagr comply with the...

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