Business & Money | Friday 25 August, 2023 12:06 am

Budget Saudi signs non-binding MoU to fully acquire AutoWorld subsidiary

United International Transportation Co. (Budget Saudi) signed today, Aug. 24 a non-binding memorandum of understanding (MoU) with the Saudi Economic and Development Holding Co. (SEDCO) to fully acquire its subsidiary, Al-Jazira Equipment Co. Ltd (AutoWorld), by issuing shares to the subsidiary...

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Business & Money | Thursday 24 August, 2023 11:27 am

HKSTP CEO reveals plans to expand operations to cover UAE, Middle East

Albert Wong, CEO of Hong Kong Science and Technology Parks Corporation (HKSTP), has revealed the corporation's plans to expand its operations and attract more companies from the UAE and the Middle East to explore business opportunities in Hong Kong.Hong Kong is building a green tech and green...

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Business & Money | Thursday 24 August, 2023 9:48 am

Jadwa REIT Saudi inks SAR 90 mln SPA for Al Khobar property

Jadwa REIT Saudi Fund signed on Aug. 23 a sale and purchase agreement (SPA) for Al Fanar Residential Compound, located in Al Rawabi district, Al Khobar, fund manager Jadwa Investment Co. said in a statement to Tadawul. The move followed approval from the fund’s board on the property sale...

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Business & Money | Thursday 24 August, 2023 9:40 am

BRICS set to invite Saudi Arabia to join

BRICS intends to invite Saudi Arabia and other countries to join the bloc as it seeks to expand its global influence, Bloomberg reported.  The BRICS account for 23% of the global GD, 42% of the world's population and 16% of world trade. The expected ...

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Business & Money | Thursday 24 August, 2023 9:34 am

For over 15 years, ANIB has consistently delivered exceptional insurance services while

ANIB, a distinguished insurance brokerage firm, has been at the forefront of providing comprehensive, tailor-made insurance solutions in Dubai, UAE since its inception in 2007. With a commitment to delivering a seamless, enjoyable, and transparent insurance experience for both individuals and...

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Business & Money | Wednesday 23 August, 2023 4:07 pm

Mami Mizutori Appoints Mahmoud Al Burai as Member of the Board of Directors for the United Nations Private Sector Alliance

The Board of Directors of the Global Private Sector, Coalition for Disaster Risk Reduction under the United Nations, has announced the appointment of the Emirati international expert Dr Mahmoud Al-Burai. The coalition collaborates with all UN member states to implement disaster risk reduction...

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Business & Money | Wednesday 23 August, 2023 2:16 pm

AD Ports Group’s economic cities, free zones and digital cluster enhances customer experience

AD Ports Group has completed a number of initiatives under "The Abu Dhabi Programme for Effortless Customer Experience," a pioneering new model that enables effortless customer experiences across Abu Dhabi Government. Spearheaded by the Group's Economic Cities and Free Zones, and Digital...

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Business & Money | Wednesday 23 August, 2023 2:00 pm

International law firm White & Case confirms new premises at DIFC

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announced that White & Case LLP (White & Case), ranked among the top 10 law firms globally by revenue, has opened its new premises at...

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Business & Money | Wednesday 23 August, 2023 1:54 pm

Jadwa Investment Acquires 35% Stake in Gissah Perfumes Company

Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the acquisition of a 35% equity stake in Gissah Perfumes Company (Gissah) through its Jadwa Retail Opportunities Fund.   Founded in 2018, Gissah is one of the fastest-growing...

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Business & Money | Wednesday 23 August, 2023 1:25 pm

Saudi Economics Association elects new governing board

In a bid to drive depth and agility in macroeconomic and microeconomic learning, King Saud University on Tuesday revealed the results of the elections for the 14th term of the Saudi Economics Association board of directors.    The association’s efforts encompass elevating its...

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