June 7, 2023

Air Arabia plans to increase its fleet capacity in the UAE and aims to double it within the next 12 months.

Air Arabia Abu Dhabi, the prominent low-cost airline in the UAE, has announced its ambitious plan to double its fleet capacity over the next 12 months, as reported by state-run news agency WAM.

June 6, 2023

The Saudi energy minister emphasizes that OPEC is adopting a proactive and preemptive approach

Saudi Energy Minister Prince Abdulaziz bin Salman defended the decisions taken by the oil producers’ alliance, OPEC+, while emphasizing the importance of trust in the organization.

June 3, 2023

The Food and Agriculture Organization (FAO) Food Price Index registered a decline in May.

Food and Agriculture Organization Food Price Index

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.

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