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In "BUSINESS"
September 26, 2023
Anchor from ancestral arts to modern markets: Strattner's 400-year legacy fuels a banking revolution
September 20, 2023
Bangladesh signs charter to become a member state in the Digital Cooperation Organization
To further boost its sourcing operations and to bring in high quality products for its large chain of hypermarkets, Abu Dhabi based retail giant Lulu group today officially opened it’s world-class sourcing, food processing & export hub in Italy.Y International Italia, the sourcing division of Lulu Group was inaugurated by Guido Guidesi, Italian Minister of Economic Development in the presence of Yusuffali MA, Chairman and Managing Director of Lulu Group. Also present on the occasion were Roberto Rizzardo, Head of FDI Department of Invitalia, Valerio Soldani, Director of Italian Trade Agency, Naser Al Khaja, Charge d’affaires at the UAE Embassy in Italy, Dr. Nasser Al Balooshi, Bahrain Ambassador to Italy , Cesare Trevisani, Chairman of Arab Chamber of Commerce of Italy, Mohamed Althaf,...
September 20, 2023
Lulu Group launches food processing & export hub in Italy
September 19, 2023
X platform could go behind paywall, says Elon Musk
HONG KONG — China will open up its financial industry and make its business environment more friendly for foreign businesses, the country’s central bank governor told a number of top Western companies on Monday, renewing Beijing’s efforts to lure overseas capital as economic challenges mount.Pan Gongsheng, governor of the People’s Bank of China (PBOC) and head of the country’s foreign exchange regulator, chaired a symposium with representatives from foreign companies, including JP Morgan, Tesla (TSLA), HSBC (HSBC), Deutsche Bank (DB), BNP Paribas, Japan’s MFUG Bank, German chemical producer BASF, commodities trader Trafigura and Schneider Electric, according to a statement posted on the websites of the PBOC and the State Administration of Foreign Exchange (SAFE).The symposium...
September 19, 2023
China’s central bank woos top Western firms as economic challenges grow
September 19, 2023
Evergrande’s woes deepen after police detain staff at its shadow bank
RIYADH — Saudi Call, an ICT service provider in Saudi Arabia, signed a Memorandum of Agreement (MoA) in Riyadh with Shanghai Lumaotong Group (LMT) and China Mobile International Limited (CMI) on Sept. 11.This collaboration aims to promote investment in the construction of data centers in Saudi Arabia.According to the MoA, the parties will leverage their strengths to jointly advance the construction of 100MW Tier III & Tier IV Saudi Call Crownland Data Centers in Riyadh, Jeddah, Dammam, and NEOM.These facilities will offer integrated solutions, including storage, network coverage, and database services, to support the ever-growing business needs of the region's Digital Economy, Artificial Intelligence, Cybersecurity, and Big Data.Lumaotong Group is establishing a joint venture with...
September 18, 2023
Saudi Call and Shanghai Lumaotong Group joint venture to launch 100MW Data Centers in Saudi Arabia
September 18, 2023
Bernays and International Property Media sign MoU to launch real estate awards in Saudi Arabia
Alesayi Holding Group has taken a stride towards growth and diversification with acquiring 85% of Initial Saudi Group, a leading facilities and manpower management group with over 40 years of operational experience. The agreement was signed in attendance of Alesayi Holding Group CEO Eng. Hany Habashy, and Initial Saudi Group’s Board member Faris Bundakji.Initial Saudi Group operates through its two major companies, Initial Facilities Management and Workforce Saudia. With over 25,000 associates, Initial provides a variety of services, including cleaning, security, engineering, support, pest control, and landscaping across Saudi Arabia.The acquisition is driven by Alesayi Group’s main focus on expanding and diversifying its service offerings, to cater to the increasing demand for...
September 17, 2023
Alesayi Holding acquires Initial Saudi Group, a leading facilities management group in Saudi Arabia
September 16, 2023
Saudi tourism boom is reviving the hospitality equipment and supplies sector: Danube Hospitality
