KAFD partners with Equinox for new hotel in Riyadh
The King Abdullah Financial District Development and Management Company (KAFD DMC) has signed an agreement to open an Equinox Hotel in Saudi Arabia’s prime financial district. Alongside Gautam Sashittal, KAFD DMC Chief Executive Officer, Equinox Hotels was represented by CEO, Christopher Norton in a signing ceremony held at KAFD. Equinox Hotels embodies a holistic […]
Zelensky meets Saudi FM, thanks him for Riyadh’s support
Saudi Arabia and Ukraine signed an agreement and a memorandum of understanding (MoU) for the provision of humanitarian aid, amounting to $400 million, to the war-stricken European country. This is in implementation of the pledge made by Crown Prince and Prime Minister Mohammed Bin Salman during his phone call with Ukrainian President Volodymyr Zelensky in […]
Saudi Jarir inaugurates $5.86mln showroom in UAE
Jarir Marketing Company (Jarir Bookstores) launched its first new showroom in 2023 in the UAE at a total investment of SAR 22 million, according to a bourse filing. Located in the University City area in the Emirate of Sharjah, the building spans 4,000 square metres and is set to include all the product range of […]
Mawani and Jeddah Chamber sign an agreement to build integrated logistics park
The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated logistics park at Al Khumrah in the south of Jeddah at a cost of one billion riyals. The logistics development will further bolster Mawani’s role as a key player in the national […]
Saudi SABIC Agri-Nutrients’ 2022 net profit nearly doubles on higher sale prices, volume
Saudi Arabian fertilizers maker SABIC Agri-Nutrients Co.’s full-year 2022 net profit nearly doubled to 10 billion riyals ($2.7 million) as the company sold more products for higher prices. The net profit beats analysts’ mean estimate of SAR9.86 billion, according to Refinitiv data. Sales revenue also nearly doubled to SAR19 billion, the company said in a […]
Saudi-Croatia businesses agree to establish a joint business council
The Kingdom of Saudi Arabia and Croatia have agreed in principle to establish a joint business council under the umbrella of the Saudi Chambers, aiming to usher into new potentials of economic cooperation and facilitating continuous interaction between the business sectors of the two countries. This came during a meeting between Croatia’s former President […]
Toughlove Advisors expands into Saudi Arabia
TOUGHLOVE Advisors (TLA), the straight-talking advisory firm, has expanded the reach of its business with the launch of TLA to Kingdom of Saudi Arabia. Following the successful introduction of the firm in the UAE earlier in 2022, businesses across the Kingdom can now collaborate with a collective of multi-national-trained practitioners who are experts […]
DGDA named one of KSA’s top 10 best workplaces in 2023
The Diriyah Gate Development Authority (DGDA) has been recognized as one of KSA’s top 10 Best Workplaces for 2023 in the Large Enterprise category according to the Global Authority on Workplace Culture, which rigorously monitors and evaluates each nominated workplace’s culture, placing DGDA on its prestigious list for the second year in a row. This […]
Pfizer earns the Best Place to Work certification in Saudi for 2023
Pfizer Saudi, an affiliate of the global research-based biopharmaceutical company Pfizer, has recently been recognized as one of the best places to work in Saudi Arabia for 2023. During the assessment, the company received outstanding scores across several aspects of the workplace, including creating an environment that offers support, hospitality, and sense of pride […]
Saudi Arabia’s non-oil exports fell 24% in December
Saudi Arabia’s non-oil exports fell by over 24% year-on-year (YoY) in December 2022 to reach SAR22.7 billion riyals ($6.05 billion), data released by the General Authority for Statistics on Tuesday showed. Total exports during the month increased 1.1% YoY to SAR108.2 billion. This was due to higher oil exports, which rose by 11%, or SAR8.5 […]