Dubai-based fit-out company Depa has announced the acquisition of contracts worth 360 million riyals ($96 million) in Saudi Arabia. These contracts, secured by Depa Interiors,...
Saudi Arabia Leads GCC as Global Sukuk Issuances Set to Surpass 2023: Moody’s
Saudi Arabia is spearheading the Gulf Cooperation Council (GCC) in global sukuk issuances, with volumes expected to surpass those of 2023, according to a recent...
Saudi Arabia’s Folk Maritime Launches New Liner Service Connecting Jeddah to Major Indian Ports
In a significant development for maritime trade, Saudi Arabia’s Folk Maritime Services Company has announced the launch of a new liner service connecting Jeddah Islamic...
Martin Sorrell’s Monks to Relocate HQ from Dubai to Saudi Arabia
In a strategic move, British advertising tycoon Martin Sorrell’s Monks, part of S4 Capital, is relocating its Middle East headquarters from Dubai to Saudi Arabia....
Wardwizard Innovations & Mobility to Form Joint Venture with Saudi Prince
Wardwizard Innovations & Mobility Limited has announced a significant joint venture with Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud of Saudi Arabia....
Egypt Airshow: EgyptAir Group Signs Deals with Airbus
At the Egypt Airshow, EgyptAir Group has announced significant deals with Airbus aimed at enhancing efficiency and safety in the commercial aviation sector. The agreements...
Lendo Aims to Bridge Financing Gap for SMEs in Saudi Arabia
Lendo, a Saudi Arabia-based Shariah-compliant crowdlending marketplace, is making significant strides in bridging the financing gap for small and medium-sized enterprises (SMEs) in the kingdom....
Gold Rates in Saudi Arabia Today – 05 September 2024
The gold rates in Saudi Arabia have seen a notable increase today, 05 September 2024. The price of 24-karat gold per tola has risen to...
Tamkeen Human Resource to List 30% on Saudi Stock Exchange
Tamkeen Human Resource Company, a leading provider of human resources services in Saudi Arabia, has announced plans to list 30% of its shares on the...
New Job Creation in Saudi Arabia Growing at Fastest Pace Since Early 2015
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...