Avalon sets sights on Tadawul listing
The firm will offer 6 million shares in its Initial Public Offering.Company News Business
Madinah on list of top five regions for e-commerce records
Madinah, Saudi Arabia -- The number of existing electronic-commerce records in Madinah reached 1,834 during the 4th quarter of 2023,...Business
Jeddah asks traders to stick up QR code on shop fronts
Aiming to improve the quality of services and goods provided to Jeddah resident, the Municipality has called on businesses to...“The mandatory service is part of the modern services launched by the Ministry of Municipal, Rural Affairs and Housing through the ‘Balady’ platform”
the QR code aims to improve the quality of services and goods provided to Jeddah residents by promoting effective digital communication
Kuwait to transform ‘tire graveyard’ into new city
After 17 years of accumulation of end-of-life tires, the dump was spread across 2 sq km, with 40 million tires...Three massive fires between 2012 and 2020 sparked environmental concerns, prompting the authorities to shut it down for good
In past months, trucks loaded with tires had made more than 44,000 trips from the landfill to the Al-Salmi region, near Kuwait's industrial area, where they would be temporarily st
Tabreed ups cooling-scheme stake
The exclusive scheme supplies Al Maryah Island in Abu Dhabi.The acquisition is from joint venture partner Mubadala Infrastructure Partners
The deal brings ownership of Tabreed in the scheme to 100 percent
Arkan launches digital platform
Medical, lab supplies and equipment can be purchase online.The platform provides a user interface for B2B procurement management.
Arkan said the launch in sync with Saudi Arabia Vision 2030.
UAE investing hub despite high starting cost
Starting a business in the Emirates makes a $7,444 hole in the pocket, but world-class infrastructure, excellent connectivity, business-friendly policies and...Having been pegged to the US Dollar since 1973, the AED is favorable to all business firms within the country due to its steadiness.
Saudi businesses in the past had to clear 13 procedures and required to have 1,057 percent of income per capita in the bank before starting a business.
Demand for lithium boosts Tianqi’s net profit
In a boost to China's Tianqi Lithium Corp, one of the world's top lithium producers, it posted its first net...China's Tianqi Lithium Corp posted its first net profit in two years on Sunday
net income was 85.8 million yuan ($13.3 million) for the first half of 2021
Al Seer Marine of IHC lists on ADX
The subsidiary of the International Holding Company has been listed under the ticker ASM.Al Seer Marine, which builds and operates vessels and manages yachts, has total assets of 3.98 billion dirhams ($1 billion)
Al Seer Marine is the sixth IHC Group company to list on the ADX, following the successful listings of Palm Sports, Easylease, Zee Stores, Emirates Stallion Group
Saudi Arabia and Oman pledge to boost trade ties
Saudi Arabia and Oman have pledged to boost trade and economic ties between the two countries, months after the two...Saudi Arabia's Investment Minister Khalid al-Falih was visiting Oman on Sunday to discuss opportunities in both Gulf countries
Saudi Arabia is in the midst of an ambitious economic development plan to wean the economy off oil, while Oman last year introduced measures to boost its finances
EMotorad starts global journey with e-bike launch in UAE
The brand sees UAE as a major platform to showcase its futuristic products globallyThe brand sees UAE as a major platform to showcase its futuristic products globally
EZYTRONIX and EM have joined hands to launch the flagship brand and establish EM products
Fintech creams off most in $2.1bn funding
The fintech sector has attracted nearly 30 percent of all the funding raised during the year, with one in four...Fintech stood out above other sectors on funding volume and value
RedSeer said financial free zones such as the Abu Dhabi Global Market and the Dubai International Financial Center have contributed to this growth
