Business & Money | Tuesday 26 November, 2024 10:19 am

Focused and Future-Ready the Middle East M&A Market Drives Economic Diversification

 Middle Eastern mergers and acquisitions (M&A) continue to forge ahead with resilient investment and a strong focus on economic diversification. According to BCG’s 2024 M&A Report, Middle East deal volume rose 7% in the first nine months of 2024, even as global deal volume declined...

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Business & Money | Tuesday 26 November, 2024 9:59 am

QATAR TRAVEL MART 2024 CELEBRATES SUCCESS WELCOMING A FANFARE OF DISTINGUISHED DIGNITARIES AND GUESTS REINFORCING QATAR'S TOURISM RENAISSANCE

Qatar Travel Mart (QTM) 2024, the region's premier travel and tourism exhibition, officially opened its doors yesterday at the Doha Exhibition and Convention Center (DECC). Under the patronage of His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of...

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Business & Money | Monday 25 November, 2024 12:29 pm

Global real estate leaders to convene in Dubai for World Realty Congress 2024 in December

The World Realty Congress & Awards 2024 will bring together global leaders in real estate, PropTech, development, and sustainability from December 9th to 13th at the Palazzo Versace, Dubai. The landmark event, which will consist of a conference and then an award ceremony, is set to establish...

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Business & Money | Monday 25 November, 2024 8:00 am

TAWAL and 5SKYE Join Forces to Empower Saudi Arabia’s Digital Future

TAWAL, the leading Saudi ICT Infrastructure Company, and 5SKYE, a pioneering provider of edge AI infrastructure solutions, have signed a partnership agreement to support the acceleration of Saudi Arabia’s digital transformation. Under the agreement, TAWAL and 5SKYE will jointly deploy 5SKYE’s...

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Business & Money | Monday 25 November, 2024 8:00 am

World Investment Conference kicks off in Riyadh on Nov. 25

The World Association of Investment Promotion Agencies (WAIPA) and Invest Saudi will hold the 28th annual World Investment Conference (WIC) in Riyadh from Nov. 25 to 27, under the patronage of Crown Prince and Prime Minister Prince Mohammed bin Salman. The event will gather global leaders in...

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Business & Money | Monday 25 November, 2024 8:00 am

Saudi economic growth likely to further accelerate in 2025: Riyad Capital

Riyad Capital said, in its “Saudi Economic Chartbook” report, it projects continued solid growth for non-oil activities, fostered by a growth-oriented fiscal policy, supported by the Public Investment Fund (PIF), with a focus on increased investment spending which will spur growth in the coming ...

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Business & Money | Monday 25 November, 2024 8:00 am

Shelf Drilling, Borr Drilling suspend offshore rigs in Saudi Arabia

Shelf Drilling and Borr Drilling announced receiving notices to suspend operations on their offshore drilling rigs in Saudi Arabia. Shelf Drilling said in a press statement that it received a notice to suspend operations on the High Island 2 rig from its Middle Eastern client Saudi...

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Business & Money | Monday 25 November, 2024 8:00 am

Nice One issues prospectus for TASI offering of 34.65M shares

Nice One Beauty Digital Marketing Co. issued the prospectus for floating 34.65 million shares, representing 30% of post-IPO capital (31.5% of pre-IPO capital), on the Main Market (TASI), at a nominal value of SAR 1 apiece.The offering includes the sale of 25.24% of current shares and the issuance...

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Business & Money | Monday 25 November, 2024 8:00 am

National Building’s subsidiary renews SAR 127M credit facilities with Al Rajhi Bank

National Building and Marketing Co.’s subsidiary, Ajeej Steel Manufacturing Co., renewed a Shariah-compliant credit facility agreement worth SAR 127 million with Al Rajhi Bank. The facility, running for four to 48 months depending on the nature of utilization, is guaranteed by the main terms ...

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Business & Money | Monday 25 November, 2024 8:00 am

Maktoum bin Mohammed chairs Dubai Real Estate Corporation Board meeting, approves 2025 budget

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of Dubai Real Estate Corporation, today met with the corporation’s Board of Directors to approve its budget for 2025. During the meeting, the board...

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