The Saudi Kingdom has always been an attractive environment and fertile ground for foreign investors. With the Kingdom’s Vision 2030, a new national transformation plan and economic development strategy, there is now a greater opportunity for investors to partake in
Category: Business
Baidu, the Chinese multinational technology company specializing in internet related services and products recently reported net profits that nearly tripled their first quarter earnings; this as a result of a spin-off of its video unit as part of a corporate
Following the Brazil-Arab Countries Economic Forum, which was held in Sao Paulo on the 2nd of April, Khaled Hanafy, the secretary general of the Union of Arab Chambers expects trade between both sides to rise to another level. Speaking at the
A number of initiatives to develop a two way trade with the United Kingdom was recently unveiled by the Saudi British Joint Business Council (SBJBC). The revelations, following a special meeting in the English capital London, were planned to coincide
On Monday April 23rd, the American financial news network CNBC will unveil its new headquarters in the Middle East with TV studios located at the Abu Dhabi Global Market (ADGM) complex. The Abu Dhabi facility will act as the regional
Prominent companies were recently brought together by the Family Business Council of the Gulf, the association of the Family Business Network International (FBN) of the region to talk about recent developments and important matters in family businesses including succession and
Dubai Exports, the export promotion agency of the Department of Economic Development hosted the Arab Trade and Export Finance Conference in Dubai in cooperation with the Arab Federation for Industrial Exports Development (AFID). The forum emphasized the importance of financing
Gulf General Investment Company (GGICO) has said that it is in discussion with creditors to restructure its loan and credit facilities after the company defaulted on a payment that was due at the end of 2017 on a $585.5 million
Saudi Arabia’s National Agricultural Development Co. (NADEC) has announced that it will acquire Al Safi Danone Company (ASD) in a deal that will support to improve the company’s business in the dairy industry in Saudi Arabia and extend its geographic
Maire Tecnimont is an Italian construction engineering company that works in the refining, fertilizer, and petrochemicals industries, the company employs around 8,000 people in 40 countries. The head of the company told Reuters that the company hopes to pick up
Organizers say an overall of $245 million worth of business agreements were made with Pakistani textile and apparel companies at the 19th international Textile Asia exhibition that concluded last week in Pakistan. Majority of the business contracts were done with companies
It is time to get down to business in commercial relations between Saudi Arabia and the United States after the diplomatic maneuvers between the two countries earlier this month with the visit of Saudi Crown Prince Mohammed Bin Salman to
Middle East port operator Gulftainer has been nominated to operate and develop the Wilmington Port in the north east state of Delaware in the United States, possibly opening up a new container-loading facility to compete with similar facilities in Philadelphia and
According to a survey of Saudi Arabia’s non-oil private sector, the condition of business in the country improved a bit in February, compared to the historic lows of the previous month. The survey suggests that the non-oil sector of the
The Dubai-based container logistics company DP World is growing and generating strong profits. However recent developments have hit the company hard in the Horn of Africa. A couple of weeks ago, Djibouti terminated a contract that permits DP World to
Egypt just recently publicized the names of 23 Egyptian state companies the country will this year offer stakes as part of a strategy to raise about 80 billion Egyptian pounds ($4.6 billion) through minority share offerings on the Cairo bourse.
