Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Saudi ministry signs hospitality, catering MoUs with 3 firms

Three MoUs were signed at Expo Hajj 2023. (SPA)
  • The MoUs were signed with Kadana Company, Lifestyle Development Company and Jusoor Al-Khaleej Company.
  • The investment ministry is keen to attract investments and enhance their flow into the national economy in various sectors, SPA reported.

Riyadh, UAE—Saudi Arabia’s Ministry of Investment has signed MoUs with three companies to develop and market investments in hospitality, tourism, catering services and entertainment activities besides cooperation in operating residential and commercial complexes.

The MoUs were signed with Kadana Company, Lifestyle Development Company and Jusoor Al-Khaleej Company at the Hajj and Umrah Services Conference and Exhibition “Expo Hajj 2023”, which is being held by the Ministry of Hajj and Umrah from Jan 9 – 12 in Jeddah.

The investment ministry is keen to attract investments and enhance their flow into the national economy in various sectors, SPA reported.

The ministry also provides investors the opportunity to learn about the promising opportunities for sectors and the advantages and incentives offered by it.