Saudi Arabia is witnessing a significant surge in job creation, with employment growth reaching its highest rate since early 2015. According to the latest data...
Saudi Arabia’s Non-Oil Sector Marks Growth in August, But Still Below 2022 Average
Saudi Arabia’s non-oil sector experienced growth in August, with the Purchasing Managers’ Index (PMI) rising to 54.8, up from 54.4 in July. This improvement, driven...
Weitz, Iowa’s Largest Contractor, Sold to Egyptian Conglomerate
In a significant development for the construction industry, The Weitz Company, Iowa’s largest contractor, has been acquired by Orascom Construction Industries (OCI), an Egyptian conglomerate....
DXB Live Delivers Outstanding Results in H1 2024
DXB Live, the integrated event management and experiential agency of Dubai World Trade Centre (DWTC), has reported exceptional performance across its operations in the first...
Saudi Arabia’s Date Exports Grow by 9.9% in H1 2024
Saudi Arabia has recorded a significant increase in its date exports, with a 9.9% growth in the first half of 2024 compared to the same...
Iraq and Egypt Discuss Investment Opportunities
In a significant move to bolster economic ties, Iraq and Egypt have engaged in discussions to explore various investment opportunities. The meeting, held in El...
Significant Oil Discovery Announced in Egypt
In a groundbreaking development, the Khalda Petroleum Company has announced a significant oil discovery in Egypt’s Western Desert. The discovery was made in the West...
Eaton Expands Presence in Egypt with New Office and Strategic Partnerships
Eaton, a global leader in intelligent power management, is significantly enhancing its presence in Egypt. The company has opened a new office in Cairo, marking...
Saudi Arabia’s Ports Climb in Global Rankings
Saudi Arabia’s ports have made significant strides in global rankings, reflecting the Kingdom’s growing influence in the maritime sector. According to the latest “Lloyd’s List”...
Riyadh Offers 15% Equity Investment in Reko Diq Project
Saudi Arabia has proposed to acquire a 15% equity stake in Pakistan’s Reko Diq mining project, marking a significant step in strengthening economic ties between...
New Co-Working Space Opens for Pakistani Startups in Saudi Arabia
The Pakistani Embassy in Riyadh has recently inaugurated a state-of-the-art co-working space designed to support Pakistani startups, entrepreneurs, and tech companies. This new facility aims...
Egypt-Based Palm Hills Mulls Over Residential Projects in Saudi Arabia
Palm Hills Development Company, a leading real estate developer in Egypt, is considering expanding its footprint into Saudi Arabia. The company announced plans to explore...
Saudi Arabia Mulling New Cargo Airline to Boost Logistics Sector
Saudi Arabia is considering the launch of a new cargo airline as part of its ambitious Vision 2030 plan to diversify its economy and enhance...
Canadian Gold Miner Puts Egypt on Notice Over Terminated Contract
A Canadian gold mining company has formally notified Egypt of a potential investment treaty claim following the termination of a lucrative gold mining contract. This...
Why Luxury Saudi Homes Are Being Sold i Harrods
Saudi Arabia’s luxury real estate market is making waves in London, with high-end properties being showcased at the iconic Harrods department store. This unique marketing...
Saudi Foodtech Yalla Plus Closes $2.7 Million Seed Round
Saudi Arabia-based foodtech startup Yalla Plus has successfully closed a $2.7 million Seed investment round, led by Merak Capital with participation from Khwarizmi Ventures, Isometry...