Business & Money | Sunday 7 March, 2021 9:00 am

Jadwa REIT Saudi Fund Acquires The Boulevard Riyadh

Jadwa Investment, one of the region’s leading investment management and advisory firms, has signed a sale and purchase agreement to acquire The Boulevard Riyadh, a luxury retail and office complex in the north of Riyadh, for SAR 320 million, on behalf of Jadwa REIT Saudi Fund. The Boulevard...

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Business & Money | Friday 5 March, 2021 12:43 am

National Grain Company’s inaugural shareholder meeting appoints Board of Directors

The National Grain Company (NGC), a strategic partnership between the Saudi Agricultural and Livestock Investment Company (SALIC) and Bahri, a global leader in logistics and transportation, held its inaugural shareholder meeting on 2 March at the Bahri head office in Riyadh. The announcement of the ...

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Business & Money | Thursday 4 March, 2021 11:42 am

Aafaq Islamic Finance launches the 'Kunooz' promotional campaign for the citizens and residents of the UAE

 Aafaq Islamic Finance, the leading Islamic Finance Company in the UAE, has recently announced one of its most extensive promotional campaigns yet, “Kunooz", focused on its wide range of personal products that are compliant with Islamic Sharia law. During the campaign, which runs till end of ...

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Business & Money | Thursday 4 March, 2021 2:11 am

Fahad Alanazi named General Manager, IBM Saudi Arabia

 IBM announced today that Fahad Alanazi has joined IBM as General Manager of IBM Saudi Arabia. “I am privileged to join IBM and lead its business in Saudi Arabia,” says Alanazi. “Technology is a core component of the Kingdom's Vision 2030. By leveraging IBM's hybrid cloud and AI...

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Business & Money | Thursday 4 March, 2021 12:08 am

Finastra reveals corporate bank priorities for 2025 as digitization and fintech collaboration accelerate

Research from Finastra, unveiled at its flagship (virtual) industry event – Finastra Universe – shows changing priorities for corporate banks and their customers over the next five years. It reveals that corporate banks are moving away from the traditional ‘relationship builder’ approach of ...

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Business & Money | Wednesday 3 March, 2021 9:08 am

ALHOKAIR AND ARABIAN CENTRES TO ACQUIRE 51% STAKE IN ONLINE FASHION RETAILER, VOGACLOSET, REDEFINING SAUDI SHOPPING EXPERIENCE

 Fawaz Abdulaziz Alhokair Co. (“Alhokair”), the leading franchise retailer in Saudi Arabia, and Arabian Centres Company (“ACC”), the leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, (together “the buyers”) have announced that they will acquire a...

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Business & Money | Wednesday 3 March, 2021 4:10 am

HRSD urges new businesses to access its range of services on Qiwa

The Ministry of Human Resources and Social Development (HRSD) continues to offer support to small and medium enterprises (SMEs) and start-ups through its Qiwa platform which provides a range of online services developed to streamline and simplify labor law requirements for business owners.The aim...

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Business & Money | Wednesday 3 March, 2021 1:09 am

IMA® Collaborates with The Financial Academy to Bridge the Skills Gap in the Profession

 IMA® (Institute of Management Accountants) and Saudi Arabia’s Financial Academy have signed a memorandum of understanding (MOU) in an effort to further the professional initiatives for both organizations. As part of the collaboration, The Financial Academy and IMA will create awareness of...

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Business & Money | Tuesday 2 March, 2021 1:29 pm

Cisco Small Business Partner Summit to Explore Growth Opportunities Across MEA

 Cisco’s Small Business Partner Summit is taking place virtually this week, outlining the importance and growth potential of the small business sector across the Middle East and Africa. Small businesses account for 44% of all IT spending and continue to outpace traditional enterprise...

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Business & Money | Tuesday 2 March, 2021 6:37 am

Saudi Arabia leads IPO market in MENA region during 2020, with four listings totaling US$1.45 billion

 According to the EY MENA IPO Eye Q4 2020 report, the MENA region saw nine IPOs raise proceeds of US$1.86 billion, a fall of 40% in total issuances and 94% in total proceeds when compared with 2019. Out of the nine issuances, six were in the real estate sector, of which two were real estate...

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