Business & Money | Wednesday 5 June, 2024 9:41 am

RIYADH AIR AND AIR CHINA TO STRENGTHEN RELATIONS FOLLOWING THE SIGNING OF MoU AT IATA AGM IN DUBAI

Riyadh Air, the newest national airline of Saudi Arabia, has demonstrated the importance of the Chinese market following the signing of a Memorandum of Understanding (MoU) with Air China, China’s exclusive national flag carrier, on June 3, 2024, at the International Air Transport Association...

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Business & Money | Wednesday 5 June, 2024 9:31 am

UAE, Malaysia seek deeper trade, investment ties, as trade hits $4.7 billion in 2023

Anwar Ibrahim, Prime Minister of Malaysia, received Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, on a visit to the country designed to deepen trade and investment ties between the United Arab Emirates and Malaysia. Dr. Al Zeyoudi also held talks with Zafrul Aziz,...

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Business & Money | Wednesday 5 June, 2024 8:43 am

RIYADH AIR AND SINGAPORE AIRLINES SIGN STRATEGIC AGREEMENT TO ESTABLISH COMMERCIAL PARTNERSHIP

Riyadh Air and Singapore Airlines (SIA) have signed a Memorandum of Understanding (MoU) to establish a new partnership between the two airlines.  The agreement was inked by Riyadh Air Chief Executive Officer (CEO) Mr Tony Douglas and Singapore Airlines CEO Mr Goh Choon Phong on the...

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Business & Money | Tuesday 4 June, 2024 11:46 am

Arabian Drilling suspends 2 rigs with Aramco, won’t extend third contract

Arabian Drilling Co. (ADC) and Saudi Aramco finalized their discussions on the suspension of three offshore drilling platforms, as announced previously.   The statement clarified that business contracts for two offshore drilling platforms were suspended for a period of up...

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Business & Money | Tuesday 4 June, 2024 10:29 am

ACWA Power sells 30% stake in RAWEC to Hassana for SAR 844M

ACWA Power Co. signed, on June 3, a share purchase agreement (SPA) to sell 30% of its stake in Rabigh Arabian Water & Electricity Co. (RAWEC) to Hassana Investment Co., for SAR 844 million, according to a statement to Tadawul. The deal included Arabian Company for Water and Power...

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Business & Money | Tuesday 4 June, 2024 10:25 am

Franklin Templeton launches inaugural brand campaign in Saudi Arabia

Franklin Templeton is pleased to announce the debut of its inaugural brand campaign in Saudi Arabia. Following the firm’s operational launch in Riyadh2 in March 2024, the six-week advertising campaign highlights its long history, core values, and breadth of investment capabilities in the...

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Business & Money | Tuesday 4 June, 2024 10:23 am

Emaar Announces AED 1.5 billion Expansion of Dubai Mall

Emaar Properties has announced a monumental expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. This project represents an investment of 1.5 billion dirhams, and the contractor is already mobilising on-site.  Announcing the impressive...

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Business & Money | Tuesday 4 June, 2024 9:33 am

Athar Awards 2024 to foster innovation in Saudi Arabia’s thriving creative industry

The highly anticipated second edition of Athar - Saudi Festival of Creativity, the Kingdom's largest gathering of the creative marketing industry, has officially announced the launch of the Athar Awards 2024. The entry period for the Awards’ 24 opens for both English and Arabic submissions on 30...

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Business & Money | Tuesday 4 June, 2024 9:08 am

From Concept to Execution: The Ad Creative Testing Workflow

Do you know how many marketing messages a customer is exposed to daily? You may think it is hundreds or thousands, but the answer is a lot more than that. The real figures will make you question how the human brain copes with constant information overload.  However, amidst this...

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Business & Money | Tuesday 4 June, 2024 9:00 am

UAE commits additional $6.26b in industrial offtakes

Government enterprises and private companies in the UAE committed an additional $6.26 billion to local manufacturing during the Make it in the Emirates (MIITE) Forum, which concluded on Tuesday. Organized by the Ministry of Industry and Advanced Technology (MoIAT), the forum witnessed a series of...

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