June 3, 2023

Inflation in the Eurozone has experienced a significant decline, triggering a debate regarding interest rates at the ECB.

Eurozone inflation experienced a larger-than-expected easing last month, raising questions about the necessity of further interest rate hikes by the European Central Bank (ECB) beyond the anticipated increase scheduled for later this month.

June 3, 2023

Wallan Trading has entered into a partnership agreement with Renault Group to distribute cars in the Kingdom.

Riyadh-based Wallan Trading Co., a prominent player in the Saudi car market, has entered into a strategic partnership with Renault Group to become the official distributor of Renault vehicles in the Kingdom.

June 3, 2023

The PIF of Saudi Arabia has announced its intention to acquire a 30% stake in the Kingdom’s premier grocery chain.

Saudi Arabia’s Public Investment Fund (PIF), the Kingdom’s sovereign wealth fund, has announced its strategic investment in Tamimi Markets Co., a prominent grocery chain in Saudi Arabia.

June 3, 2023

Lucid Group intends to secure $3 billion in funding, with a primary focus on the Saudi Arabian PIF.

Lucid Group, has announced its plans to raise $3 billion through a combination of a stock offering and a private placement

June 3, 2023

PwC Middle East celebrates the opening of its regional headquarters in Riyadh.

In a significant milestone for PwC Middle East, a leading professional services firm in the region, its official regional headquarters in Riyadh was inaugurated on Wednesday.

June 2, 2023

Shraddha Barot Amariei: A Journey of Fearlessness and Empathy

In a world bustling with entrepreneurs, Shraddha Barot Amariei stands out as a remarkable individual whose entrepreneurial ventures have left an indelible mark on the business landscape of the United Arab Emirates.

June 2, 2023

The Ministry of UAE and FAB collaborate to provide investors with financing solutions worth Dh5 billion.

The Ministry of UAE and First Abu Dhabi Bank (FAB) have joined forces in a groundbreaking collaboration aimed at offering substantial financing solutions to investors.

June 2, 2023

TCL aims to broaden its footprint in the region.

TCL, the world’s second-largest TV brand, experienced a remarkable growth of 54 percent in the UAE last year and has high hopes of maintaining this momentum throughout the current year, as revealed by company officials in Dubai on Wednesday.

June 2, 2023

Dubai Silicon Oasis is actively involved in GITEX Africa 2023

Dubai Silicon Oasis, the leading technology park and integrated free zone in Dubai, is actively involved in GITEX Africa 2023, demonstrating its commitment to expanding its presence in the African market.

June 2, 2023

Emirates NBD facilitates a term loan facility of AED 750 million for Dar Global.

Emirates NBD, one of the leading banks in the United Arab Emirates, has successfully facilitated a bilateral loan of AED 750 million for Dar Global, a UAE-based subsidiary of the London-listed international real estate company.

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