Business & Money | Friday 7 June, 2024 3:06 pm

ENOC Group’s marine lubricants business records 120% sales growth in Greek market

ENOC Group, a leading integrated global energy player, recorded a 120% growth within its marine lubricant business in Greece during the period of 2022 to 2023. Multiple agreements have contributed to this substantial increase over the last couple of years, which is aligned with the Group’s plans...

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Business & Money | Friday 7 June, 2024 12:31 am

THE RED SEA FILM FOUNDATION LEADERSHIP UPDATE

Following a successful Cannes Film Festival, the Red Sea Film Foundation is announcing a leadership update and the transition of Mohammed Al-Turki from CEO to advisor to the Foundation. Mohammed Al-Turki will continue to support the leadership team while he returns to focus on personal projects and ...

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Business & Money | Friday 7 June, 2024 12:07 am

du Pay partners with Visa to debut innovative prepaid card in the UAE

du Pay, the advanced digital payment arm of du, made a significant move in advancing digital payments across the UAE by formalizing a partnership with Visa, a world leader in digital payments. This collaboration marks du Pay's entry as a principal member to issue Visa cards, emphasizing its...

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Business & Money | Thursday 6 June, 2024 6:56 pm

Vision Golfe 2024 : Record Attendance Signals Growing French-GCC Commercial Cooperation

 Vision Golfe 2024, held at the French Ministry of Economy, Finance, Industrial and Digital Sovereignty in Paris, has marked a significant milestone in bolstering economic relations between France and the Gulf Cooperation Council (GCC). This year’s edition witnessed unprecedented engagement...

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Business & Money | Thursday 6 June, 2024 10:04 am

Budget Saudi issues shareholder circular on issuing new shares to acquire AutoWorld 77

United International Transportation Co. (Budget Saudi) issued today, June 5, the shareholder circular with regard to raising capital by issuing new shares, for the purpose of fully acquiring Al Jazira Equipment Co. Ltd. (AutoWorld). The company will increase capital from SAR 711.67...

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Business & Money | Thursday 6 June, 2024 10:01 am

2024 marks a break through for sustainability in the GCC, PwC report

 PwC Middle East’s recent sustainability report reveals that companies in the Middle East are increasingly making sustainability a priority in their corporate agenda. Four in five executives (79%) stated that they now have a formal sustainability strategy in place, with over half of them...

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Business & Money | Thursday 6 June, 2024 10:00 am

Unusual Payroll Enhances Global Mobility with Comprehensive Solutions

The business environment has become increasingly globalized in recent years, leading to companies expanding their borders, workforce, and clientele to new countries and regions. This is, however, no small feat. Internationalizing a business is time-consuming, costly, and complex. To ensure it is...

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Business & Money | Thursday 6 June, 2024 9:56 am

SISCO Holding's Tawzea wins SAR 33M water supply contract for Trojena Dam

Sustained Infrastructure Holding Co. (SISCO Holding) announced that its subsidiary, International Water Distribution Co. (Tawzea), clinched a SAR 33 million contract from WEBUILD S.P.A. Saudi Arabia, entailing supplying one million cubic meters of water to Trojena Dam. In a statement to...

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Business & Money | Thursday 6 June, 2024 9:28 am

RIYADH AIR AND CHINA EASTERN AIRLINES SIGN MoU AT IATA AGM IN DUBAI, FOSTERING MUTUALLY BENEFICIAL CONNECTIVITY AND DIGITAL INNOVATION

Riyadh Air, Saudi Arabia's new digitally native airline, took a significant step forward in its future entry into the key Chinese market by signing a Memorandum of Understanding (MoU) with China Eastern Airlines, a leading global airline based in Shanghai, at the International Air Transport...

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Business & Money | Thursday 6 June, 2024 9:16 am

Middle East Continues its Year on-Year Growth with AuM Reaching $2.3 Trillion in 2023

 Boston Consulting Group (BCG) has released its 2024 Global Asset Management Report, highlighting the Middle Eastern asset management sector's significant contribution to the industry's growth. According to the report, the region's Assets Under Management (AuM) surged by 13%, rising from $2...

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