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In "BUSINESS"
September 06, 2021
Hospitality leaders to share expert insights at Riyadh trade show
MANAMA, Bahrain — The value of tenders issued by Bahrain in the first half of 2021 has increased by 60% compared to H1 2020 as the country progresses with major projects across sectors, including infrastructure, transport, and construction.Bahrain awarded $3.4 billion worth of tenders in the first six months of the year, including 762 non-oil contracts worth $1.6 billion, according to new figures from the Tender Board. Aside from oil, the aviation sector secured the highest value of tenders at $476 million, followed by the construction industry at $413 million.The kingdom issued 1,070 tenders in the first half of 2021, 297 more than the same period in 2020. Chairman of the Tender Board, Shaikh Nayef Bin Khalid Al Khalifa said the Kingdom is pushing ahead with key projects across sectors...
September 06, 2021
Bahrain awards $3.4bn of tenders in first half of 2021
September 06, 2021
Jet fuel struggles: Asian demand lags so badly that Europe topped it for first time since mid-2010
RIYADH — The International Company for Power and Water Projects (ACWA Power), a leading developer, investor and operator of power generation and desalinated water plants worldwide, Thursday announced its intention to proceed with an Initial Public Offering (IPO) and list its shares on the Main Market of the Saudi Stock Exchange (Tadawul).The Capital Market Authority (CMA) on June 20, 2021, approved the ACWA Power’s application for the Initial Public Offering of 81,199,299 new ordinary shares, representing 11.1% of the company’s enlarged share capital.The final price at which all subscribers in the offering will purchase shares will be determined at the end of the book-building period.Founded in Riyadh in 2004, ACWA Power is a leading private developer, owner and operator of long-term...
September 02, 2021
ACWA Power announces intention to float on Tadawul
RIYADH — REDTAG, the region's homegrown value fashion and homeware brand, has launched its ‘Back to School’ collection, to go with the resumption of in-person learning in schools across the KSA. In keeping with the positivity associated with students coming back to campuses, after an extended period of online classes due to pandemic concerns, REDTAG has pulled out all stops for the selections on offer.Heavy on leisurewear, jeans, tee shirts, sneakers, and colourful schools bags, the REDTAG ‘Back to School’ collection even features COVID appropriate masks, complete with catchy images and graphics. The collection also features selections drawn from the brand’s highly successful character-wear range of garments — a global trend that REDTAG has had great success with, by...
September 02, 2021
REDTAG launches zany and stylish ‘Back to School’ collection as schools reopen across KSA
September 01, 2021
OPEC+ nations agree to keep with gradual output increase policy
MUSCAT — A high profile Saudi business delegation visited Tuesday the Suhar Industrial City, which falls under the umbrella of the Public Establishment for Industrial Estates –Madayn, to explore the investment climate in the industrial city.Dr. Saleh bin Said Masan, undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, and chairman of Madayn’s Board of Directors welcomed the Saudi business delegates and briefed them on Madayn’s mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.Hamad Bin Hamoud Al Qasabi, director general of Suhar Industrial City, informed the delegates that...
September 01, 2021
Saudi business delegation explores investment opportunities in Suhar Industrial City
August 31, 2021
Trend Micro to launch its MENA HQ in Riyadh
August 29, 2021
Looking beyond the next oil boom: Opportunities for regional NOCs to diversify and reinstate future competitive advantages
August 27, 2021
TJS Studysteps Virtual Education Fair 2021 – STUDY IN MALAYSIA