Business & Money | Thursday 1 June, 2023 9:39 am

Emaar EC CEO says 110 companies invested in Industrial Valley

As many as 110 companies have invested in the Industrial Valley, said Cyril Piaia, CEO of Emaar The Economic City (Emaar EC). In a statement to Argaam, on the sidelines of the Saudi Special Economic Zones Investment Forum, he indicated that there are discussions with many investors to invest...

More Details

Business & Money | Thursday 1 June, 2023 9:28 am

Tawuniya wins SAR 999.2 mln contract from Foreign Affairs Ministry

The Company for Cooperative Insurance (Tawuniya) received, on May 31, approval from the Ministry of Foreign Affairs, on awarding a project worth SAR 999.18 million.  In a statement to Tadawul, Tawuniya pointed out that it will provide health...

More Details

Business & Money | Thursday 1 June, 2023 9:23 am

Unique Properties; UAE’s Golden Visa Reforms Are Boosting Dubai’s Indian Population and Their Contributions to the Country’s Real Estate Sector

Unique Properties, one of Dubai’s leading real estate agencies, credits the UAE’s growing Indian population as a major catalyst in the city’s upward real estate trajectory. Over 88.52% of the country is made up of a diverse mix of nationalities; Indians represent the largest demographic of...

More Details

Business & Money | Wednesday 31 May, 2023 8:16 pm

Messe Frankfurt Middle East Announces New Partnership with 1st Arabia Tradeshows & Conferences for Saudi Arabia-Based Shows

Following six years of delivering outstanding business-to-business events in Saudi Arabia, Messe Frankfurt Middle East (MFME) is pleased to announce its new partnership with 1st Arabia, a highly experienced event management company that has been actively operating in the Saudi Arabia for the past...

More Details

Business & Money | Wednesday 31 May, 2023 4:48 pm

PwC Middle East inaugurates its Regional Headquarters in Riyadh

PwC Middle East has received its Regional Headquarters licence from the Ministry of Investment (“MISA”) and the Ministry of Commerce (“MOC”) in the Kingdom of Saudi Arabia reinforcing its commitment towards Vision 2030, driving the transformation programme, and supporting ambitious local...

More Details

Business & Money | Wednesday 31 May, 2023 2:41 pm

Chinese lighting company selects Ras Al Khaimah for its first manufacturing unit in the Middle East

Maxtron Show Lighting (MSL), a growing family-owned business from China, is setting up a state-of-the-art manufacturing unit in Ras Al Khaimah Economic Zone (RAKEZ). Located in Al Hamra Industrial Zone, the new production facility spans over 1,200 m2 and is dedicated to producing...

More Details

Business & Money | Wednesday 31 May, 2023 12:03 pm

Nine Yards Real Estate Development breaks ground on Sea La Vie the luxurious residential project on Yas Bay

Nine Yards Real Estate Development has broken ground on Sea La Vie the iconic AED 2 billion development at Yas Bay. Sea La Vie’s site covers an area of 30,000 square meters at Yas Bay on Yas Island, one of the leading destinations for leisure and luxury in Abu Dhabi.  An...

More Details

Business & Money | Wednesday 31 May, 2023 10:56 am

Retail residential mortgages fall to lowest level since December 2018

Residential real estate finance provided by banks to individuals declined by 55% year-on-year (YoY) to SAR 4.15 billion in April, data issued by the Saudi Central Bank (SAMA) showed.Compared to March 2023, residential real estate finance dropped by nearly SAR 3.1 billion, or 43%. Residential...

More Details

Business & Money | Wednesday 31 May, 2023 9:49 am

WEMIX and Hub71 partner to grow global blockchain startup ecosystem

Leading Korean blockchain developer WEMIX and Hub71, Abu Dhabi’s global tech ecosystem, have signed a memorandum of understanding (MoU) to create and accelerate growth opportunities for their respective portfolio companies and Web3 startups.  As part of the partnership, WEMIX startups...

More Details

Business & Money | Tuesday 30 May, 2023 5:11 pm

invygo and Aljabr Celebrate an Exceptional Two-year Success Story

invygo, the leading company in the car subscription market in the Middle East, and Aljabr rent a car company, one of Al Jabr Holding Group's car dealership companies (Kia, Lynk & Co, and JMC) in Saudi Arabia, celebrated their exceptional success story which began two years ago. The two...

More Details