Business & Money | Thursday 1 June, 2023 10:30 am

SRMG’s Taoq inks SAR 180 mln foreign media, marketing services contract

Saudi Research and Media Group’s (SRMG) subsidiary, Taoq Public Relations, signed, on May 31, a SAR 180 million contract with a commercial company active in publicity, advertising, and public relations, to provide international media and marketing services. The three-year contract is...

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Business & Money | Thursday 1 June, 2023 10:03 am

Standard Chartered: UAE Exports Projected to Reach AED 2 trillion by 2030

Standard Chartered revealed today its latest research report titled "Future of Trade: New opportunities in high-growth corridors”. The report forecasts that the global trade industry is expected to reach AED 120 trillion by 2030, with a projected growth rate of five per cent. The United Arab ...

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Business & Money | Thursday 1 June, 2023 9:39 am

Emaar EC CEO says 110 companies invested in Industrial Valley

As many as 110 companies have invested in the Industrial Valley, said Cyril Piaia, CEO of Emaar The Economic City (Emaar EC). In a statement to Argaam, on the sidelines of the Saudi Special Economic Zones Investment Forum, he indicated that there are discussions with many investors to invest...

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Business & Money | Thursday 1 June, 2023 9:28 am

Tawuniya wins SAR 999.2 mln contract from Foreign Affairs Ministry

The Company for Cooperative Insurance (Tawuniya) received, on May 31, approval from the Ministry of Foreign Affairs, on awarding a project worth SAR 999.18 million.  In a statement to Tadawul, Tawuniya pointed out that it will provide health...

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Business & Money | Thursday 1 June, 2023 9:23 am

Unique Properties; UAE’s Golden Visa Reforms Are Boosting Dubai’s Indian Population and Their Contributions to the Country’s Real Estate Sector

Unique Properties, one of Dubai’s leading real estate agencies, credits the UAE’s growing Indian population as a major catalyst in the city’s upward real estate trajectory. Over 88.52% of the country is made up of a diverse mix of nationalities; Indians represent the largest demographic of...

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Business & Money | Wednesday 31 May, 2023 8:16 pm

Messe Frankfurt Middle East Announces New Partnership with 1st Arabia Tradeshows & Conferences for Saudi Arabia-Based Shows

Following six years of delivering outstanding business-to-business events in Saudi Arabia, Messe Frankfurt Middle East (MFME) is pleased to announce its new partnership with 1st Arabia, a highly experienced event management company that has been actively operating in the Saudi Arabia for the past...

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Business & Money | Wednesday 31 May, 2023 4:48 pm

PwC Middle East inaugurates its Regional Headquarters in Riyadh

PwC Middle East has received its Regional Headquarters licence from the Ministry of Investment (“MISA”) and the Ministry of Commerce (“MOC”) in the Kingdom of Saudi Arabia reinforcing its commitment towards Vision 2030, driving the transformation programme, and supporting ambitious local...

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Business & Money | Wednesday 31 May, 2023 2:41 pm

Chinese lighting company selects Ras Al Khaimah for its first manufacturing unit in the Middle East

Maxtron Show Lighting (MSL), a growing family-owned business from China, is setting up a state-of-the-art manufacturing unit in Ras Al Khaimah Economic Zone (RAKEZ). Located in Al Hamra Industrial Zone, the new production facility spans over 1,200 m2 and is dedicated to producing...

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Business & Money | Wednesday 31 May, 2023 12:03 pm

Nine Yards Real Estate Development breaks ground on Sea La Vie the luxurious residential project on Yas Bay

Nine Yards Real Estate Development has broken ground on Sea La Vie the iconic AED 2 billion development at Yas Bay. Sea La Vie’s site covers an area of 30,000 square meters at Yas Bay on Yas Island, one of the leading destinations for leisure and luxury in Abu Dhabi.  An...

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Business & Money | Wednesday 31 May, 2023 10:56 am

Retail residential mortgages fall to lowest level since December 2018

Residential real estate finance provided by banks to individuals declined by 55% year-on-year (YoY) to SAR 4.15 billion in April, data issued by the Saudi Central Bank (SAMA) showed.Compared to March 2023, residential real estate finance dropped by nearly SAR 3.1 billion, or 43%. Residential...

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