Business & Money | Thursday 25 April, 2024 1:29 pm

Airport Show gets a wider response from global companies for its ‘Business Connect’ program

ultinational companies are tapping the leading annual airport industry-dedicated event, set to take place in Dubai, to enter into meaningful networking as the regional airports hunt for acquiring the latest technology and innovative services to meet the expectations of the fast-growing air travel...

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Business & Money | Thursday 25 April, 2024 10:50 am

IMF launches new regional office in Saudi Arabia

The International Monetary Fund (IMF) inaugurated a new regional office in Riyadh, Saudi Arabia, to bolster partnerships with countries across the Middle East and beyond. In a statement, the IMF said the new office will focus on promoting capacity building, enhancing regional surveillance, and ...

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Business & Money | Thursday 25 April, 2024 10:19 am

Samana Developers Launches Dh1 Billion ‘Lake Views Complex’ in Dubai Production City

Consolidating its position as the fastest growing real estate developer in the UAE, Samana Developers has launched the Samana Lake Views Project worth 1 billion ($272.2 million). The project is located in Dubai Production City. The residential complex, situated beside the lake in the neighbourhood, ...

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Business & Money | Thursday 25 April, 2024 10:15 am

Azizi Developments, Bureau Veritas collaborate for the fourth phase of Riviera

Azizi Developments, a leading private real estate developer in the UAE, has announced its partnership with Bureau Veritas for the structural design review of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community strategically located in the highly sought-after Mohammed ...

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Business & Money | Thursday 25 April, 2024 9:13 am

CMA OKs Al Sagr’s SAR 160M rights issue to raise capital

Al Sagr Cooperative Insurance Co. obtained the approval of the Capital Market Authority (CMA) to raise its capital by way of a SAR 160 million rights issue, the capital market regulator said in a statement.  Eligibility is for the shareholders registered with the...

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Business & Money | Thursday 25 April, 2024 8:23 am

ROSHN launches 1.7 MSM Dana project

ROSHN Group announced today, April 24, the launch of the Dana project, marking its sixth community in the Kingdom and its second in the Eastern Province, with Dhahran as its inaugural location. According to the Saudi Press Agency (SPA), the Dana project spans an area of 1.7 million square ...

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Business & Money | Wednesday 24 April, 2024 11:52 am

Riyadh International Industry Week 6-9 May 2024. Riyadh International Convention and Exhibition Centre. Riyadh, Saudi Arabia.

The Saudi Arabian economy surpassed the $1.3 trillion mark in 2023 and is growing at an exponential rate, outperforming most of its G20 partners. In 2023 the Kingdom boasted a 10% surge in industrial activity, taking 16th place in the United Nations Global Manufacturing Index. With the largest...

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Business & Money | Wednesday 24 April, 2024 11:48 am

International Future of Industry Summit 2nd Edition. 6-9 May 2024.

The Saudi Arabian economy surpassed the $1.3 trillion mark in 2023 and is growing at an exponential rate, outperforming most of its G20 partners. In 2023 the Kingdom boasted a 10% surge in industrial activity, taking 16th place in the United Nations Global Manufacturing Index. With the largest...

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Business & Money | Wednesday 24 April, 2024 10:08 am

DIRIYAH COMPANY ANNOUNCES ZALLAL, DIRIYAH’S FIRST MIXED-USE COMMERCIAL OFFICE AND RETAIL OFFERING

Diriyah Company today has announced details of Zallal, its first major mixed-use commercial office and retail project that is set to open in the first half of 2025 in the Bujairi District. Construction is now well underway and when completed will include two low-rise office buildings with a...

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Business & Money | Wednesday 24 April, 2024 9:16 am

Flynas posts SAR 6.3B revenue in 2023, sees annual profit since 2015

Flynas CEO Bandar Al-Mohanna said that the carrier's total revenues in 2023 amounted to SAR 6.3 billion, up 32% compared to 2022. These statements came today at the Airline Economics Conference, hosted by Riyadh city on April 22-23, in which he confirmed that flynas, which was founded in 2007, ...

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