The move would be a test of Riyadh’s plan to bring overseas investors into the healthcare sector
The London-listed firm plans to acquire hospitals and other facilities
The kingdom eventually plans to privatize 290 hospitals and 2,300 primary health centres by 2030
As part of the deal, SABIC will study investment possibilities in the Guangzhou Nansha Development Zone
Raytheon and Boeing are the companies said to be involved in the deal
The round was co-led by Middle East Venture Partners and Dash Ventures.
No injuries were reported in the blaze at the under-construction shopping centre.
The analysis of 11 countries found 29 million children were living in poverty
Aster had a $276m loan outstanding with a consortium of eight banks
Among the company’s target markets is Saudi Arabia, its CEO said
The sum will support END’s efforts to fight neglected tropical diseases over the next three years
Water tariffs in the country are expected to rise from next month
ADNOC holds a 60 per cent share in the Al Hosn joint venture
National football association also dissolved and interim group formed
Shop owners were expected to employ 50% Saudis by Ramadan under new rules
The launch comes as construction continues on the UAE’s own Louvre museum in the capital Abu Dhabi
The firm said it may tap the bond market if a significant acquisition opportunity arises
Office sector continues to perform badly as retail flourishes
Austerity is forcing companies to ground workers, according to reports
Deputy crown prince said freezing oil prices was not the country’s “battle”
Oil minister suggests the country would look to return to pre-sanctions levels
The power and versatility of the Mercedes-AMG C63 S Coupé helps it stand out from its C-class competitors
Deals could facilitate growth in shipping, trade and commerce, the port’s chief executive said
Mobile sales grew just 1 per cent in Q4 2015, IDC said.
Careem VP says more technology start-ups can fill the gap as region’s population of under-25s soars
Demand for premium products and dark chocolates is booming, finds report.
Growth in new orders and increased hiring helped boost growth.
Research from Core also highlighted a bullish mid-term forecast.