Business & Money | Monday 9 October, 2023 10:28 am

SHUAA Capital receives Board approval on Rights Issue to reposition itself for growth

SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced today its intention to increase its issued share capital through a Rights Issue following initial approval from the Board. The Rights Issue will be immediately preceded by ...

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Business & Money | Monday 9 October, 2023 9:27 am

Epson to launch new scanning innovations, and highlight sustainable technology solutions for the MEA region’s key industries at GITEX 2023

Epson, a global technology leader, announces its return to GITEX Global, the largest technology exhibition in the Middle East, North Africa, and South Asia, for the 23rd edition from 16-20 October, 2023. Epson will showcase its sustainable solutions supporting the region’s key industries and will ...

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Business & Money | Monday 9 October, 2023 9:17 am

Dubai maintains top global ranking for attracting Greenfield FDI projects in H1 2023

Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 Greenfield projects in H1 2023, as per Financial Times ‘fDi Markets’ data - the comprehensive online database on cross-border greenfield investments.Dubai ...

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Business & Money | Monday 9 October, 2023 8:51 am

PIF, Saudi Electricity launch Electric Vehicle Infrastructure Company

The Public Investment Fund (PIF) and Saudi Electricity Company (SEC) announced today the launch of the Electric Vehicle Infrastructure Company. PIF will own a 75% stake in the Company, while SEC will hold the remaining 25% stake.   The company aims to deliver best-in-class electric...

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Business & Money | Monday 9 October, 2023 8:35 am

Saudia Announces Sponsorship of Riyadh Season 2023 as the Platinum Partner and Official Airline

Saudia has announced the sponsorship of the fourth edition of Riyadh Season as the Platinum Partner and Official Airline of this mega event, commencing on October 28th. This event is one of the most anticipated entertainment seasons globally and aligns with the airline's commitment to its new...

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Business & Money | Monday 9 October, 2023 8:25 am

Minister of Industry & Advanced Technology inaugurates ‘Standard Turf’ factory and visits ‘Rabdan’ vehicle facility

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, inaugurated Standard Carpets Industries’ new factory ‘Standard Turf at Dubai Industrial City, a member of TECOM Group PJSC and one of the largest industrial ecosystems in the region.’ Standard Carpets is one of...

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Business & Money | Monday 9 October, 2023 7:04 am

Monsha’at and Leading Saudi Entrepreneurs Take Part in Global Entrepreneurship Congress 2023

A Saudi Arabian delegation comprising some of the nation’s leading entrepreneurs recently participated in the Global Entrepreneurship Congress 2023 (GEC23), led by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia. Among Monsha’at’s objectives ...

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Business & Money | Sunday 8 October, 2023 12:42 pm

Amazon Saudi Hosts Annual Seller Summit to Empower Local Businesses to Grow Online

Amazon Saudi Arabia recently hosted its annual Seller Summit in Riyadh, showcasing a suite of cutting-edge tools and services designed to empower small and medium-sized businesses (SMBs) in Saudi Arabia. These innovations are tailored to help SMBs reach millions of online customers and drive...

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Business & Money | Sunday 8 October, 2023 11:55 am

Thakher Development Company Receives the “Best Infrastructure Developer”

Thakher Development Company, received the “Best Infrastructure Developer” award 2023 under the Real Estate category at the Saudi Building & Infrastructure Awards 2023 which took place in Riyadh, Kingdom of Saudi Arabia, and organized as part of the 2nd edition of Saudi Building &...

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Business & Money | Sunday 8 October, 2023 9:42 am

NADEC says MC2 assets transferred to Food Security Holding, ups stake to 14.87%

National Agricultural Development Co. (NADEC) announced that following the transfer of all assets of the Second Milling Co. (MC2) to the Food Security Holding Co., a limited liability firm, the two companies were merged under the name the Second Milling Co....

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