Business & Money | Wednesday 14 June, 2023 1:14 pm

Saudi Arabia Jumps to 13th Rank from 27th on IATA Air Connectivity Index

The Kingdom of Saudi Arabia jumped to the 13th position on the air connectivity index of the International Air Transport Association (IATA) in 2023, up from the 27th position in 2019. In the ranking that includes over 200 countries, the Kingdom achieved a record rise by 14 places. It achieved...

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Business & Money | Wednesday 14 June, 2023 12:37 pm

Idle Lands Program applies fess, defines scope as per prescribed criteria

The Idle Lands Program announced the second phase of fees was applied according to specific criteria, in compliance with the results of population and economic studies conducted by the program in cooperation with related authorities.   As reported by Saudi Press Agency, the...

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Business & Money | Wednesday 14 June, 2023 12:06 pm

Emaar Unveils The Oasis by Emaar, a USD20 Billion Luxurious Lifestyle Destination, at Burj Khalifa Gala with Guest of Honour Shahrukh Khan

Emaar Properties celebrated the launch of The Oasis by Emaar, its latest waterfront luxury lifestyle destination, with a gala event held last night at the Armani Hotel in Burj Khalifa, Downtown Dubai.The exclusive VIP event was attended by Emaar Properties customers and top properties agents. The...

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Business & Money | Wednesday 14 June, 2023 8:57 am

Kafalah to offer SAR 12.7 bln SME guarantees in 2023: CEO

The Small and Medium Enterprises Loan Guarantee Program (Kafalah) aims to offer SAR 12.7 billion worth of SME credit guarantee financing in 2023, CEO Homam Hashem told Argaam in an interview.   The top executive added that the value of loan guarantees granted to SMEs in the first...

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Business & Money | Tuesday 13 June, 2023 4:05 pm

Forbes Middle East Reveals The Region’s Top 100 Listed Companies

Forbes Middle East has revealed its flagship ranking of the Middle East’s Top 100 Listed Companies for 2023, highlighting the region’s biggest public companies.  To construct the list, Forbes Middle East compiled data from listed stock exchanges in the Arab world and ranked companies...

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Business & Money | Tuesday 13 June, 2023 4:01 pm

SNC-Lavalin awarded district cooling services contract for King Salman Park in Saudi Arabia

SNC-Lavalin, a fully integrated professional services and project management company with offices around the world, has been awarded a district cooling services contract by Green Park Cooling Company, a subsidiary of Saudi Tabreed, a leading provider of sustainable district cooling schemes for some ...

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Business & Money | Tuesday 13 June, 2023 3:57 pm

JAGGAER event to help Middle East & African clients future-proof their business through Autonomous Commerce

 JAGGAER, the global leader in Autonomous Commerce, today hosted its annual regional User Group event at the prestigious Address Boulevard Hotel, Dubai.   Customers and clients from across the Middle East and Africa gathered to discover and explore best practices around the new...

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Business & Money | Tuesday 13 June, 2023 3:46 pm

Red Sea International completes 51% stake acquisition in First Fix

Red Sea International (RSI) announced the acquisition of 51% of the share capital of The Fundamental Installation for Electric Work Company Ltd, First Fix, by means of cash consideration. The agreement was executed on Tuesday in Riyadh. The acquisition closure will be subject to satisfaction of...

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Business & Money | Tuesday 13 June, 2023 12:30 pm

Clara launches new office in Saudi Arabia

Clara, the legal technology company that digitizes and automates legal tasks for founders, is expanding its regional presence with the opening of an office in Riyadh, Saudi Arabia. Clara enables start-ups to concentrate on developing their businesses rather than becoming mired in legal...

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Business & Money | Tuesday 13 June, 2023 12:27 pm

Royse Furniture starts its flagship joinery division in Ras Al Khaimah

Ras Al Khaimah Economic Zone (RAKEZ) announced the successful establishment of Royse Furniture Industries in its Al Hamra Industrial Zone. With a notable investment, Royse Furniture Industries produces hotel furniture in its state-of-the-art new factory sprawling across 440,000...

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