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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Business & Money | Tuesday 4 June, 2024 8:24 am

UAE’s Samana Developers Begins Digital Transformation with Oracle

Samana Developers, a leading real estate developer in Dubai, has partnered with Oracle to commence digital transformation. The partnership will enable the developer to leverage Oracle's cutting-edge digital solutions, offering improved operational efficiency, enhanced decision-making, and...

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Business & Money | Tuesday 4 June, 2024 8:00 am

Academy of Learning rents SAR 55.9M campus in Dammam for 15 years

Academy of Learning Co. (AOL) rented a campus for its new branch in Dammam in Al-Fursan District - King Fahd Road, from Meraas Al-Sharqiya Investment Co., at a total value of SAR 55.88 million. In a statement to Tadawul, AOL said it will build a higher training institute for women on the...

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Business & Money | Monday 3 June, 2024 2:07 pm

Jon and Vinny’s Riyadh partners with Jahez for at-home delivery services

The Los Angeles-born celebrity favourite is bringing food, just like Nonna used to make it, to homes and offices across the capital… Letting diners enjoy a slice of its famous Italian comfort food from their own homes and workspaces, Jon and Vinny’s has partnered with leading Saudi...

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Business & Money | Monday 3 June, 2024 1:39 pm

Saudi banks’ risk profiles stronger than others in GCC: Fitch

Saudi banks typically have the strongest risk profiles among lenders in the major Gulf Cooperation Council (GCC) markets, which underpins their asset quality, Fitch Ratings said in a report.   Asset quality and risk profile scores for banks in the region are strongly correlated, as...

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