Business - TRENDS MENA

Riyadh, Saudi Arabia—Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha'at), has signed a cooperation agreement with Aramco’s Center...
The two sides will provide shared office spaces, financial grants, and business development and mentorship programs to enable SMEs to enter the market.
Monsha'at works to organize, support and sponsor the small and medium enterprises sector in the Kingdom in accordance with best practices.
They will offer inventory solutions to their local, international clients.
This partnership enables FAB and Silver Birch to offer various inventory solutions to suit specific client needs.
Silver Birch, headquartered in the UK, is a specialist working capital structuring, advisory and execution firm.
According to its intention-to-float document, the company is selling 1.5 billion shares and the offer price will be confirmed on...
According to its intention-to-float document, the company is selling 1.5 billion shares and the offer price will be confirmed on September 22
The Salik electronic toll collection system was introduced in Dubai in 2007 to ease congestion in the regional trading hub
Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production...
Far from their highs near $140 a barrel, Brent North Sea crude and US WTI crude prices suffered their third consecutive monthly decline in August
Matthew Holland of Energy Aspects said a cut in production would come up at the next meeting in October
The food delivery platform saw rise in orders on its app in H1.
Jahez said the profit surge was mainly driven by a revenue jump of 60 percent to $207 million, from $129.60 million in the corresponding period last year
Orders made through the app surged by 46 percent to 31.5 million during the six months, as the average number of users soared by 48 percent
Looking to tide over the persistent problem of a lack of energy supply in the country, particularly in the summer...
Ahmed Moussa, spokesman for the ministry, said that the electrical connection with neighboring countries will not achieve self-sufficiency for the national system
He said the final operation was signed with Turkey to pass 300 megawatts, but the rise in electricity prices and the rise in demand for gas hampered the implementation
The Public Investment Fund has launched a new company aiming to digitize and develop the local real estate sector through...
Saudi Arabia has set an ambitious target of raising home ownership rates in the kingdom to 70 per cent by 2030 under the Sakani program
According to the Ministry of Housing, the home ownership rate rose to 60 per cent in 2020 from 47 per cent in 2016
It is a wake-up call that warns of a bigger disaster in cities like Dubai and Abu Dhabi if quick...
It's a wake-up call that warns of a bigger disaster in cities like Dubai and Abu Dhabi if quick steps aren't taken to deal with heavy rainfalls, Dake Rechsand CEO tells TRENDS
'The existing greenscape and bluescape infrastructure are less suitable for handling excessive rain. Therefore, we are witnessing floods,' Chandra Dake adds
Investment funds hold both local and foreign assets.
The decline was attributed to a 10 percent drop year-on-year (YoY) in local assets – which represent 74% of total assets – to $38 billion.
Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 159.7 billion ($42.5bn).
The $2.7m loan was financed by "Rasmala" for a vessel.
In a bid to reduce financing costs, the company said last August that it had refinanced five petrochemical tankers under new and preferential terms with a major Chinese lender.
The debt has also fallen to 294 million dirhams today, compared to 433 million dirhams at the end of 2020.