Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Business of Sport Qatar buys rival padel tour after legal wrangling State-owned Qatar Sports Investments has agreed to buy the World Padel Tour and will launch a unified global circuit for the fast-growing racquet sport next year. QSI created a breakaway padel competition in early 2022, and the Qatari takeover of the sport mirrors Saudi Arabia’s controversial multimillion-dollar entry into men’s professional golf. Padel uses the […] August 25, 2023 Real Estate US builder to manage Riyadh business hub expansion US construction and engineering company Parsons Corporation has won a contract to manage the expansion of the King Abdullah Financial District (KAFD). The Virginia-based business said it has been awarded a five-year contract by the KAFD Development and Management Company for Saudi Arabia’s prime business and lifestyle destination. The contract supports the expansion of the […] August 23, 2023 Tourism Emaar to invest in Egypt tourism Emaar Properties, the Dubai developer behind the Burj Khalifa and Dubai Mall, is looking to expand into the hotel sector in Egypt, the company’s founder said in an interview. Gulf tourism is surging on Egypt’s Mediterranean north coast despite the country’s economic crisis. “The north coast in Egypt has reached development levels in recent years […] August 22, 2023 Energy Two Saudi solar projects secure $2.4bn funding A consortium led by Acwa Power has secured financial funding worth $2.37 billion for two solar projects, as Saudi Arabia looks to ramp up its renewable energy sector by the end of the decade. The Al Shuaibah 1 and Al Shuaibah 2 solar photovoltaic projects are expected to generate over 2.6 GW of clean electricity […] August 21, 2023 Opinion Economy Islamic economy is the last great untapped market Halal regulation schemes can attract more investment, stimulate trade and boost industry August 18, 2023 Opinion Business of Sport When Saudi Arabia caught the football bug Forget the sneering Western media, it's the fans that matter August 18, 2023 Analysis Transport Careem could yet be hailed a smart buy for Uber The hefty premium Uber paid for Dubai ride-hailing rival Careem will prove worth it in the long run, analysts believe. Uber, which has racked up nearly $33 billion in losses since its inception in 2009, paid $3.1 billion for Careem in January 2020 in what remains the largest deal for a homegrown Gulf tech startup. […] August 16, 2023 Analysis Economy Saudi tourism revenue grows as budget surplus shrinks Tourism revenue is beginning to emerge as a serious component on Saudi Arabia’s balance of payments, tripling in a year, and experts see the sector as a “very important” offset to any decline in oil earnings. While the kingdom’s current account returned another surplus in the first quarter of 2023 of $17.7 billion, this was […] August 16, 2023 Opinion Manufacturing Global EV manufacturers rev up for Gulf race There is a way to go before electric vehicles overtake fossil fuel cars August 14, 2023 Construction PIF unveils FM subsidiary to target $35bn business Saudi Arabia’s Public Investment Fund (PIF) has established a facilities management business to support the growth of its real estate sector. Saudi Facility Management Company (Fmtech) will offer a range of services, including utilities management, energy management, waste management, maintenance, housekeeping, security and landscaping services, the sovereign wealth fund said in a statement. In addition, […] August 11, 2023 Posts navigation Previous 1 … 66 67 68 … 93 Next
Business of Sport Qatar buys rival padel tour after legal wrangling State-owned Qatar Sports Investments has agreed to buy the World Padel Tour and will launch a unified global circuit for the fast-growing racquet sport next year. QSI created a breakaway padel competition in early 2022, and the Qatari takeover of the sport mirrors Saudi Arabia’s controversial multimillion-dollar entry into men’s professional golf. Padel uses the […] August 25, 2023
Real Estate US builder to manage Riyadh business hub expansion US construction and engineering company Parsons Corporation has won a contract to manage the expansion of the King Abdullah Financial District (KAFD). The Virginia-based business said it has been awarded a five-year contract by the KAFD Development and Management Company for Saudi Arabia’s prime business and lifestyle destination. The contract supports the expansion of the […] August 23, 2023
Tourism Emaar to invest in Egypt tourism Emaar Properties, the Dubai developer behind the Burj Khalifa and Dubai Mall, is looking to expand into the hotel sector in Egypt, the company’s founder said in an interview. Gulf tourism is surging on Egypt’s Mediterranean north coast despite the country’s economic crisis. “The north coast in Egypt has reached development levels in recent years […] August 22, 2023
Energy Two Saudi solar projects secure $2.4bn funding A consortium led by Acwa Power has secured financial funding worth $2.37 billion for two solar projects, as Saudi Arabia looks to ramp up its renewable energy sector by the end of the decade. The Al Shuaibah 1 and Al Shuaibah 2 solar photovoltaic projects are expected to generate over 2.6 GW of clean electricity […] August 21, 2023
Opinion Economy Islamic economy is the last great untapped market Halal regulation schemes can attract more investment, stimulate trade and boost industry August 18, 2023
Opinion Business of Sport When Saudi Arabia caught the football bug Forget the sneering Western media, it's the fans that matter August 18, 2023
Analysis Transport Careem could yet be hailed a smart buy for Uber The hefty premium Uber paid for Dubai ride-hailing rival Careem will prove worth it in the long run, analysts believe. Uber, which has racked up nearly $33 billion in losses since its inception in 2009, paid $3.1 billion for Careem in January 2020 in what remains the largest deal for a homegrown Gulf tech startup. […] August 16, 2023
Analysis Economy Saudi tourism revenue grows as budget surplus shrinks Tourism revenue is beginning to emerge as a serious component on Saudi Arabia’s balance of payments, tripling in a year, and experts see the sector as a “very important” offset to any decline in oil earnings. While the kingdom’s current account returned another surplus in the first quarter of 2023 of $17.7 billion, this was […] August 16, 2023
Opinion Manufacturing Global EV manufacturers rev up for Gulf race There is a way to go before electric vehicles overtake fossil fuel cars August 14, 2023
Construction PIF unveils FM subsidiary to target $35bn business Saudi Arabia’s Public Investment Fund (PIF) has established a facilities management business to support the growth of its real estate sector. Saudi Facility Management Company (Fmtech) will offer a range of services, including utilities management, energy management, waste management, maintenance, housekeeping, security and landscaping services, the sovereign wealth fund said in a statement. In addition, […] August 11, 2023
