Lenovo Secures $2 Billion in Convertible Bonds from Alat
Lenovo, the global technology giant, has announced a significant bond deal with Alat, a strategic partner. Under the agreement, Lenovo will issue $2 billion in convertible bonds to Alat. The…
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Around 200 Fast EV Charging Points to be Initiated by ADNOC Distribution by Dec 2024
Company to expand network of filling stations from 840 to 1,000 stations over next 5 years ADNOC Distribution plans to expand its network of fuel stations in the UAE, Egypt,…
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Saudi Fashion Industry Estimated to Growth by 48% around 2025: Report
As the Kingdom diversifies its economy, the fashion industry in Saudi Arabia is expected to develop at a cumulative annual rate of 48% between 2021 and 2025, according to a…
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Saudi EXIM Bank Signs Cooperation Agreements with Japanese Banks to Boost Non-Oil Exports
On the sidelines of the Saudi-Japan Vision 2030 Business Forum in Tokyo, the Saudi EXIM Bank has signed two cooperation agreements with SMBC Business Banking and MUFG Bank. These agreements…
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Archer Aviation Secures Multi-Million Dollar Investment Deal with ADIO, Attracts Saudi Interest
Archer Aviation recently inked a significant pact with the Abu Dhabi Investment Office (ADIO) for multi-million dollar investments to accelerate its planned commercial air taxi operations in the UAE. This…
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GACA Signs Landmark 102 Agreements for Air Transport Services at Future Aviation Forum
The second day of the Future Aviation Forum 2024, hosted by the General Authority of Civil Aviation (GACA) in Riyadh, witnessed the signing of a remarkable 102 memoranda of understanding…
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Saudi Arabia Transforming Supply Chains and Procurement to Ensure a Successful Future: Industry Forum
An industry forum was informed that Saudi Arabia is leading revolutionary efforts to improve innovation in supply chains and procurement across multiple industries. A number of talks and panel discussions…
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First Closing of Golden Gate Ventures’ $100 million New MENA fund Achieved
In a significant development, Golden Gate Ventures, a venture capital fund founded by Silicon Valley natives, today announced the first close of its US$100M MENA Fund I, backed by prominent…
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Property Sales of Emaar Group Touched Dh13.5Billion in Q1-2024
In comparison to the same quarter previous year, Emaar's reported revenues of Dh6.7 billion ($1.8 billion) and net profit of Dh4.3 billion ($1.2 billion) increased by 16%. Comparing Q1-2023 to…
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