Business & Money | Monday 23 June, 2025 9:38 am

With exports to more than 90 countries, Al Barakah Dates Factory serves as leading model for growth, expansion of innovative food industries in Dubai

Dubai has successfully laid a strong foundation for the growth of a sustainable, competitive industrial sector that supports economic diversification. Today, it stands as a prime destination for major industrial investments, offering unique advantages — most notably a robust regulatory and...

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Business & Money | Monday 23 June, 2025 9:33 am

Saudia Launches Flights to Larnaca and Venice

Saudia, the national flag carrier of Saudi Arabia, has officially launched flights to two new destinations; Larnaca in Cyprus and Venice in Italy, further reinforcing its commitment to expanding its global footprint and enhancing access to key international destinations. The inaugural flight...

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Business & Money | Monday 23 June, 2025 9:15 am

Yanbu Cement, Southern Cement extend MoU on potential merger

Yanbu Cement Co. and Southern Province Cement Co. have agreed to extend the non-binding memorandum of understanding (MoU) for an additional three months as of June 23, 2025, in order to consider a potential share swap and to carry out the due diligence process. This will include the...

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Business & Money | Monday 23 June, 2025 9:08 am

Banan unit signs SAR 244M deal with Armah Sports to set up 2 sports clubs

Banan Real Estate Co.’s subsidiary Qimam Noshoz Real Estate Development Co. and Armah Sports Co. inked a contract to develop and lease two sports clubs in Riyadh’s Al-Rahmaniyah neighborhood, at a total value of SAR 244.11 million (excluding VAT). In two separate statementsto Tadawul, the...

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Business & Money | Monday 23 June, 2025 9:07 am

Jadwa Acquires Majority Stake in Makhazen Alenaya Through GCC Diversified Private Equity Fund

Jadwa Investment announced the acquisition of a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund. In an emailed statement to Argaam, Jadwa Investment said that Makhazen was founded in 2019. It is a fast-growing Saudi retail...

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Business & Money | Monday 23 June, 2025 8:38 am

National Human Rights Institution Receives Chairman of the Arab Charter on Human Rights Committee

 As part of its ongoing efforts to strengthen institutional collaboration and promote the exchange of expertise with regional and international entities, the National Human Rights Institution (NHRI) welcomed His Excellency Counselor Mohammed Saeed Al Shehhi, Chairman of the Arab Charter on...

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Business & Money | Monday 23 June, 2025 8:22 am

ASAS Makeen, TSH sign MoU for real estate projects

Asas Makeen Real Estate Development and Investment Co. (ASAS Makeen) signed today, June 22, a memorandum of understanding (MoU) with The Securities House Co. (TSH), a Kuwait-based listed shareholding company. The MoU aims to explore cooperation in real estate development across Saudi Arabia,...

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Business & Money | Monday 23 June, 2025 8:00 am

2P signs SAR 87.2M contract with Ministry of Commerce

Perfect Presentation for Commercial Services Co. (2P) signed today, June 22, a contract to operate the unified call center for the Ministry of Commerce at a total value of SAR 87.16 million, including VAT. The contract has a duration of 36 months, the company said in a statement ...

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Business & Money | Sunday 22 June, 2025 8:11 am

Saudi Energy Minister says OPEC+ became major oil price guarantor

Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has become a key guarantor of oil prices and the sector as a whole. In his speech at the St. Petersburg Economic Forum, he also mentioned that OPEC+ is a trustworthy and successful alliance that adapts to changing conditions and has...

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Business & Money | Sunday 22 June, 2025 8:03 am

PIF sets up new company to build, operate Expo 2030 Riyadh facilities

The Public Investment Fund (PIF) announced today, June 19, the launch of Expo 2030 Riyadh Co. (ERC), a wholly owned subsidiary tasked with developing and operating the Expo 2030 Riyadh site’s facilities — being the first-of-its-kind event to be hosted in Saudi Arabia. According to a PIF...

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