News related to
Riyadh

Horizon Foods issues prospectus for 20% IPO on Nomu

RIYADH: Saudi livestock meat firm Horizon Foods, a subsidiary of Tabuk Agricultural Development Co., has issued the prospectus to list 1.6 million shares on the Kingdom’s parallel market Nomu.

GCC chief meets with UK ambassador to Saudi Arabia

RIYADH: The Gulf Cooperation Council’s new Secretary General Jassem Mohamed Albudaiwi met with the British ambassador to Riyadh Neil Crompton on Wednesday. During the meeting, the two officials

OECD’s 15% minimum tax rule should be implemented in every

RIYADH: The 15 percent minimum tax rule put forward by the Organization for Economic Cooperation and Development should be implemented on multinational companies in every jurisdiction, according to

Microsoft, Huawei and Oracle among $9bn of tech deals announced

CAIRO: Saudi Arabia witnessed the signing of $9 billion worth of investment contracts on the first day of the global tech event LEAP23 that began on Feb. 6 in Riyadh. Aimed at supporting future

Tech giants from around the world take center-stage at Saudi Arabia’s

RIYADH: More than 700 leading experts in technology investment from 50 countries are set to speak during the second edition of the LEAP technology conference, which will take place at Riyadh Front

IAEE underscores Saudi Arabia’s role in energy transition: top expert

RIYADH: Saudi Arabia is not just an oil-producing country, but also an unquestionable name in the entire energy sector, as the Kingdom hosts the 44th conference of the International Association for

Saudi-based Diriyah signs telecom services deals with Salam and Tawal

RIYADH: Saudi Arabia’s Diriyah project is set to benefit from a wireless telecom networking deal between the Diriyah Gate Development Authority and Integrated Telecom Co. and Telecommunications

Saudi Arabia’s total tourism spending surges 93% to hit $49bn in

RIYADH: Saudi Arabia’s tourism spending surged 93 percent in 2022 to hit SR185 billion ($49 billion), up from SR95.6 billion in 2021, as the Kingdom continues to diversify its economy as part of

PIF signs deal to build indoor vertical farms in Saudi Arabia

RIYADH: Saudi Arabia’s Public Investment Fund has signed a joint venture agreement with US-based AeroFarms to establish a company in Riyadh to build and operate indoor vertical farms in the Kingdom

Glenwood Equity and Patel Family Office Expand Platform for UAE Investors

DUBAI:  Middle East-based investors are highly attracted to the U.S. real estate market due to its stability, security, and growth.  To meet this increased investor demand, Glenwood Equity has partnered with U.S.-based Patel Family Office to set up new bases of operation in Abu Dhabi, Riyadh, Sharjah, Kuwait, Bahrain, Istanbul, Jeddah, Oman, Qatar, and Doha.  The local bases will liaise with the partnership’s Dubai hub to support high net worth private investors, wealth advisers, and strategic […]

GCC banks to refrain from redeeming hybrid capital as volatility

RIYADH: Gulf Cooperation Council banks will refrain from redeeming the hybrid capital instruments at the first call date for the next 12 to 24 months, owing to the increasing volatility, scarce

Employee-Centric HR Policies Earn SABIC the Top Employer Award in APAC for a 10th Year Running

SINGAPORE – Media OutReach – 30 January 2023 – For the tenth year in a row, SABIC, a global leader in the chemicals industry, has been recognized as the “top employer Asia Pacific” by the Top Employer Institute, a globally accredited certification body. SABIC’s focus on empowered, people-centric leadership, and embrace of technology that makes processes simpler and easier, have been key to its continued success as […]

Qatar’s trade balance surplus surges to hit $7.75bn in December

RIYADH: Qatar’s trade balance surplus has surged to hit 28.2 billion Qatari riyals ($7.75 billion) in December 2022, according to a report released by the country’s Planning and Statistics Authority.

Formula E’s fan village filled with family fun

RIYADH: From live gaming racing experiences, musical performances, food trucks, and face painting this year’s Formula E Allianz Fan Village pulled out all the stops to create memorable fun for its

Golf Saudi eyes rapid growth with new CEO appointment

RIYADH: Golf in the Kingdom is set to embark on the next phase of its growth with the appointment of Noah Alireza as new CEO of Golf Saudi, who succeeds Majed Al-Sorour. Alireza, a former member of

Georgina Rodriguez celebrates her birthday in Riyadh with Cristiano

DUBAI: Argentine model Georgina Rodriguez celebrated her 29th birthday in Riyadh this week with her partner, Portuguese footballer Cristiano Ronaldo, and their children. The family was photographed

Saudi Arabia drives growth across MEA commercial property markets

RIYADH: Saudi Arabia’s commercial real estate sector is witnessing an upturn as the Kingdom’s plan to diversify its economy continues to drive demand within the overall property market, according to

Accor to run new tourist resort in Saudi Arabia Eastern Province

RIYADH: A new tourist resort is set for the Eastern Province of Saudi Arabia after the Tourism Development Fund signed a memorandum of understanding with two developers. The agreement will see 440

Cost-of-living crisis stands as the biggest threat to UAE businesses:

RIYADH: The global cost-of-living crisis poses the largest threat to businesses in the UAE in the coming two years, according to the World Economic Forum’s Global Risks Report 2023. Sustained high

UAE-Israel trade hits record high to reach $2.56bn in 2022

RIYADH: Bilateral trade between the UAE and Israel more than doubled in 2022 after the countries signed a free trade agreement in May to reduce tariffs on the majority of goods. “Trade in goods

Algeria offers visas on arrival to tourists

RIYADH: In a bid to boost its tourism sector, Algeria will issue visas on arrival to tourists heading to its south, a document from the country’s Interior Ministry showed. The move aims to revive its

Saudi desalination firm increases daily production to 6.3 mcm

RIYADH: Saudi Arabia’s Saline Water Conversion Corp. has achieved a new milestone by increasing its daily production from 5.9 million cubic meters to 6.3 mcm of desalinated water, according to a

Riyadh’s Anime Town showcases compelling Japanese pop culture

RIYADH: The Japan zone at Boulevard World here has the largest Anime Town of its kind in the world, offering 40 activities including adaptations of shows such as “Demon Slayer” and “Attack on Titan.”

2023 Saudi Cup will make Riyadh focus of racing world, says Prince

RIYADH: Prince Bandar bin Khalid Al-Faisal, chairman of the Equestrian Authority and the Jockey Club of Saudi Arabia, on Tuesday stated that Riyadh will become the focus of the international racing