Business & Money | Monday 4 September, 2023 10:50 am

Al-Jouf Agricultural inks solar energy purchase contract with Engie

Al-Jouf Agricultural Development Co. awarded and signed a 25-year solar energy purchase contract with French energy firm, Engie, according to a statement to Tadawul.   The agreement will be implemented in the company’s site in the Busaita area at Al Jouf Agricultural...

More Details

Business & Money | Monday 4 September, 2023 10:49 am

CENOMI RETAIL ANNOUNCES OPENING OF FIRST FNAC FLAGSHIP STORE IN SAUDI ARABIA

Cenomi Retail, the leading brand partner in Saudi Arabia, has announced the opening of the first Fnac flagship store in Saudi Arabia. To be located in Nakheel Mall, Dammam, the store will be a premium retail destination, offering a cultural hub for multimedia, electronics, gaming, lifestyle and...

More Details

Business & Money | Monday 4 September, 2023 10:25 am

Arcapita Acquires The DataFlow Group, the Largest Provider of Credential Verification Services in the GCC

Arcapita Group Holdings Limited (“Arcapita"), the global alternative investment firm, today announced its acquisition of The DataFlow Group, a leading international provider of credential verification services, from EQT Private Equity. The acquisition represents yet another milestone in...

More Details

Business & Money | Monday 4 September, 2023 10:14 am

(DGDA) and the General Authority for Survey and (GEOSA) Sign an MoU for Geospatial Information Exchange

Diriyah Gate Development Authority (DGDA) and the General Authority for Survey and Geospatial Information (GEOSA) have signed a joint Memorandum of Understanding (MoU) aimed at enhancing collaboration between the two entities in data and information exchange, geospatial services, surveying &...

More Details

Business & Money | Monday 4 September, 2023 10:11 am

Unveils stellar line-up of thought leaders, exploring the future of work through advanced technologies

du, from Emirates Integrated Telecommunications Company (EITC), today revealed the exclusive agenda for Envision tech event in line with the theme of “Enabling Future Makers for a Sustainable World”. The inaugural edition of Envision will feature a group of renowned experts, thought...

More Details

Business & Money | Sunday 3 September, 2023 1:24 pm

PIF signs SPA deals to acquire Hadeed, Rajhi Steel

The Public Investment Fund (PIF) signed a share purchase agreement (SPA) to acquire 100% of Saudi Iron & Steel Co. (Hadeed) from Saudi Basic Industries Corp. (SABIC). Based on a cross-conditional share exchange agreement, Hadeed will acquire a 100% stake in AlRajhi Steel Industries Co....

More Details

Business & Money | Sunday 3 September, 2023 12:06 pm

Meet The Top Regional Executives On Forbes Middle East’s Global Meets Local List 2023

Forbes Middle East has revealed the eleventh installment of its flagship Global Meets Local ranking, showcasing the regional heads of the top 100 multinational corporations that have masterfully navigated the unique MENA business landscapes, leaving an indelible mark on the region’s growth,...

More Details

Business & Money | Sunday 3 September, 2023 9:39 am

ACWA Power signs SAR 2.05 bln financing, security agreements for Rabigh 4 IWP project

ACWA Power Co. announced that it signed financing and security agreements for Rawabi Water Desalination Company (Rabigh-4 Independent Water Plant (IWP) project) valued at SAR 2.05 billion. The financing parties include a consortium of local and international banks, including Standard Chartered ...

More Details

Business & Money | Sunday 3 September, 2023 9:05 am

Diriyah Gate Development Authority Ranked Among the Best Places to Work in Asia for the Fourth Year in a Row

Diriyah Gate Development Authority (DGDA) today announces that it has been awarded the “Great Place to Work” distinction in Asia in the Large Enterprise category, further reinforcing DGDA’s position as one of the finest workplaces in the Kingdom for the fourth consecutive year.  The ...

More Details

Business & Money | Sunday 3 September, 2023 9:01 am

DAMAC Unveils Unmatched Luxury and Integrated Services with the Grand Opening of DAMAC Mall

DAMAC Group, the leading UAE-based business conglomerate, has announced the opening of DAMAC Mall, adding a new retail and leisure destination to Dubai's luxury landscape. The mall was officially inaugurated on 1 September 2023 by Amira Sajwani, Managing Director, Sales & Development, DAMAC...

More Details