Savola’s board has approved the rights issue and the distribution of Almarai shares
New airline, Riyadh Air, is bulking up its use of enterprise software as the company looks to push a digital first strategy
The company appointed HSBC as the sole financial adviser, global coordinator and lead manager on the deal and Emirates NBD Capital as joint book runner and underwriter
The new office presents an opportunity for the company to explore new partnerships and investments
The Jeddah Central Development Company is a Public Investment Fund (PIF)-owned developer, mandated with redeveloping Saudi Arabia’s historic city
Midha, a seasoned business leader with experience across Asia, the US, India, and Singapore, joins Alat from Dell Technologies
Saudi Arabia has emerged as the largest insurance market in the GCC surpassing the UAE
US Secretary of State Antony Blinken is in the region to discuss a ceasefire offer between Israel and Hamas
The projects being developed under NEOM offer a glimpse of what futuristic developments could look like in Saudi Arabia
The venture, which may amalgamate new and existing races, is being led by a handful of teams including Visma-Lease a Bike and billionaire businessman Jim Ratcliffe’s Ineos Grenadiers
While the situation remains volatile and subject to change, the newly-released data is best indication of where the market is headed
OPEC said its “committee will continue to monitor” countries’ conformity with output decisions
The kingdom of Saudi Arabia is said to be still considering an invitation to join the expanding economic bloc
Recently, four tankers carrying Russian Urals crude passed through the Bab-el-Mandab strait with another three heading south through the Red Sea
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Dubai lives up to its reputation as the ‘City of Gold’, hosting 72,500 millionaires, 212 of whom are centi-millionaires and 15 billionaires
The preliminary data shows that Saudi Arabia’s economy contracted at a slower pace in Q4 2023 after a decline of 4.4 per cent in the previous quarter
Despite global dealmaking challenges in 2023 the Middle East will continue to be a global bright spot for transactions in the year ahead
Off-plan sales can also stimulate and grow the banking sector to create financial solutions that could cater to different beneficiary segments, grow the real estate brokerage market, and stimulate multiple purchases from investors
A man overseeing the kingdom’s main pre-Islamic heritage sites at AlUla has been arrested on corruption charges
The campaign shines the spotlight on Saudi’s open and welcoming culture and the importance of inspiring young Saudi women to reach their full potential
The Formula E Karting attractions will be built at four of Seven entertainment destinations located in Riyadh, Jeddah, Dammam and Abha
The state-owned carrier operated 176,300 flights while transit flights registered 77 per cent growth compared to the year 2019
The triple-tranche bond sale generated strong demand, with orders worth over $27bn
The partnership with Formula E, Extreme E and E1 will promote educational opportunities tied to electric motorsports, as well as community, social programmes and environmental stewardship
The complex is expected to be able to produce 1.8 million metric tons of ethylene per year and is designed to expand SABIC’s manufacturing presence in Asia
The project includes three hotels with a total of 800 rooms, 11 restaurants, an extreme sports and adventure park, a marina and helipads
The trading platform will be rebranded the Gulf Mercantile Exchange and expand in energy, metals and agricultural products as part of the deal
Better salaries and a better work-life balance, are the top reasons for seeking a job change, as 62 per cent employees consider a job move this year
The bank will provide services for both corporate and institutional clients, including financing and working capital solutions