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Dubai's 120 richest families and individuals own $1trln in wealth
WEBApr 30, 2024 · Dubai is home to more than 120 of the world’s wealthiest families and individuals, with a total net worth of more than $1 trillion (Dh3.67 trillion) as the UAE has attracted thousands of millionaires from all over the world over the past decade, especially after the pandemic. This has positioned the emirate first in the Middle East, Africa ...
SEVEN to invest SAR 50bln to develop unique entertainment
WEBNov 30, 2022 · The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy.
Linklaters advises Hassana on its $2.4bln strategic investment
WEBPress Release. December 21, 2022. Linklaters advised Hassana Investment Company (Hassana), on behalf of the General Organization for Social Insurance of the Kingdom of Saudi Arabia (GOSI), on a landmark c. US$2.4bn investment in three of DP World’s flagship UAE assets, valued at approximately US$23bn. …
Kuwait-listed KFH exploring ‘significant’ stake in Saudi ... - ZAWYA
WEBJun 24, 2024 · Kuwait’s largest lender Kuwait Finance House (KFH) is reportedly exploring the purchase of a ‘significant’ stake in Saudi Investment Bank (SAIB). The move is a part of the financial institution’s plan to bolster its regional presence as investment activity heats up in the Middle East, Bloomberg reported, citing people familiar with the ...
SABB renamed Saudi Awwal Bank after merger - ZAWYA
WEBApril 4, 2023. Saudi British Bank (SABB) announced today that it has renamed itself to become SAB - الأول . The new name and identity of the bank comes two years after the historic merger and integration of SABB and Alawwal Bank. The merger process took 18 months, during which the merged entity continued operating as ‘Saudi British Bank.’.
PIF unit Saudi Global Ports, China’s SANY sign $1.87bln ... - ZAWYA
WEBJun 26, 2024 · The Saudi Global Ports Company (SGP), a unit of the sovereign-backed Public Investment Fund (PIF) of Saudi Arabia, and China’s SANY, a heavy equipment manufacturer, have signed a deal worth 7 billion riyals ($1.865 billion), which will cover investments in sustainable operations at the kingdom’s ports. …
Saudi’s SWCC signs agreements for desalination brine mining
WEBNov 7, 2022 · Marwa Abo Almajd, Zawya Projects. Saudi Arabia's Saline Water Conversion Corporation (SWCC) announced last week that it has signed agreements with local and international companies to convert brine waste stream of reverse osmosis (RO) desalination plants into useful chemicals and salts for Saudi industries. The …
Renewables accounted for 26% Jordan’s energy production in
WEBJul 20, 2022 · Staff Writer, The Jordan Times. July 20, 2022. AMMAN — Natural gas accounted for 73 per cent of the Kingdom's total power output in 2021, down from 80 per cent in 2020, while renewables accounted for 26 per cent of the country's energy production in 2021, compared to 20 per cent in 2020, according to …
Saudi Cloud Computing Company launches services in the region
WEBJun 5, 2022 · Riyadh: Saudi Cloud Computing Company (“SCCC”), a new joint venture formed by Alibaba Cloud, Saudi Telecom Company (stc) Group, eWTP Arabia Capital, the Saudi Company for Artificial Intelligence (SCAI), and the Saudi Information Technology Company (SITE), announced that it has launched its services in Saudi Arabia in culmination of choosing Riyadh as a regional hub for Alibaba Cloud ...