Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

PwC opens regional headquarters

PwC Middle East will also open a new flagship office in Riyadh, which will include an experience Centre in 2024. (MISA)
By Hilal Mir
May 31, 2023 11:43 pm
  • PwC Middle East said in a statement that the headquarters in Riyadh comes as part of its broader commitment to the region to create 6,000 new jobs.
  • Saudi Arabia's regional headquarters program requires companies to establish headquarters in the kingdom by 1 Jan 2024.

Riyadh, Saudi Arabia — PwC Middle East inaugurated its Middle East Regional Headquarters in Riyadh on Wednesday after receiving the regional headquarters license from the kingdom’s ministries of Investment and Commerce.

PwC Middle East said in a statement that the headquarters in Riyadh comes as part of its broader commitment to the region to create 6,000 new jobs and continued investment in digital technology and environment, social and governance capabilities (ESG).

PwC Middle East will also open a new flagship office in Riyadh, which will include an experience Centre in 2024. The office would be the firm’s technology and innovation hub, the statement said.

The regional headquarters program is an initiative commissioned by the Ministry of Investment and the Royal Commision of Riyadh City (RCRC) requiring companies to establish a headquarters in the kingdom by 1 January 2024.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]