AlBabtain Food launches IPO at $18-21 per share today
Abdulaziz & Mansour Ibrahim AlBabtain Co.’s initial public offering price range has been set at SR68-77 ($18-21) per share. The Riyadh-based firm will…
Category: Business & Finance
Saudi Arabia, UAE non-oil foreign trade up 92.5% in past decade at over $30bn: FCSC
Non-oil foreign trade between the UAE and Saudi Arabia jumped 92.5 percent over the last ten years as it hit 124.69 billion dirhams…
Saudi Arabia to kick off new sewage plant pre-qualification in 2023: MEED
Saudi Arabia is expected to begin the pre-qualification process for the contract to develop two independent sewage treatment plants early next year, MEED…
GCC banks returning to pre-COVID-19 levels amid higher oil prices: S&P Global
Gulf Cooperation Council banks are returning to form after a strong first half of 2022, with earnings for most of them reaching almost…
Saudi Sakani program offers close to 3,000 free lands for 8 housing schemes
Saudi Arabia has launched 2,957 new free lands for eight housing schemes under the government’s Sakani program that aims to boost the home…
Air Arabia’s JV with DAL Group to launch new airline in Sudan
Middle East and North Africa region’s largest air carrier Air Arabia has joined hands with Sudanese conglomerate DAL Group to launch a new…
Saudi Railways Co. partners with global firms to boost transport sector
The Saudi Railways Co. has partnered with global technology and urban mobility firms including Thales, Alstom, Siemens, and Deutsche Bahn to develop the…
PIF has created 500k jobs, aims to hit 1.8m: Governor Al-Rumayyan
Saudi Arabia’s Public Investment Fund has created half a million jobs through its 54 companies operating in 10 different sectors, according to its…
MENA Project Tracker — SWPC to tender sewage plants projects; EWEC qualifies 19 companies for solar PV
RIYADH: Abu Dhabi National Oil Co. is rumored to be acquiring part or all of $4 billion commodity trading company Gunvor Group, according…