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In "BUSINESS"
ALULA — In a significant move to bolster Saudi Arabia's tourism and hospitality sector, KUN Investment Holding, a Saudi investment management company, has partnered with AlUla Development Company, a subsidiary of the Public Investment Fund (PIF), to develop the Aman Hegra project. This initiative is set to introduce a unique blend of hospitality and residential features in AlUla.The agreement was officiated in the presence of Prince Badr bin Abdullah bin Farhan, Minister of Culture and Governor of the Royal Commission for AlUla. Key figures including Abdullah Saleh Kamel, Chairman of KUN Investment Holding, and Naif Saleh AlHamdan, Managing Director of AlUla Development Company, attended the signing ceremony. The agreement was signed by Mohammed N. Hefni, CEO of KUN Investment...
January 11, 2024
KUN Investment Holding, AlUla Development Company partner to launch Aman Hegra project
January 11, 2024
Decoding Jeeny's success: Sustaining our commitment to affordability
January 08, 2024
Turki Badhris appointed president of Microsoft Arabia, aiming to spearhead digital transformation
The Saudi Arabian car market is on track to set a new record, with sales potentially exceeding 800,000 vehicles in 2023.According to statistics published on AlMuraba Net, the largest network specialized in car news and follow-up in the Saudi market, the market has already witnessed a sale of 547,873 cars in the first nine months of the year, surpassing last year's figures for the same period by a significant margin.Leading the surge are Japanese and Korean car brands, with Toyota and Hyundai topping the sales charts. The list of best-sellers also includes Nissan, Kia, and Isuzu, along with American and Chinese contenders like Ford, Changan, and Geely. This diverse representation of global brands highlights the varied tastes and preferences of Saudi consumers.The year 2023 marks a...
January 08, 2024
Will car sales in the Saudi market surpass 800,000 in 2023?
QuestionPro, a global leader in total Experience Management software solutions, is making waves with the launch of its cutting-edge Data Center in Saudi Arabia, propelling local businesses into the future of secure, compliant, and locally hosted Research and Experience Management solutions.In a groundbreaking move tailored for the public and the private sector, their state-of-the-art Data Center within Saudi Arabia's borders ensures that sensitive information stays secure within the nation, directly addressing data localization and sovereignty concerns. The emphasis on localization is a game-changer for government entities and organizations operating in the publicsector, offering unparalleled control, compliance, and security.With the ambitious Saudi Vision 2030, QuestionPro is poised...
January 04, 2024
Questionpro pioneers localized experience management by hosting Its solutions and data in Saudi Arabia
Onsor Mosha Group commemorated its 10th anniversary with a momentous celebration, unveiling a new chapter in its journey.Marking this milestone, the group rebranded as "Wahaj Group" amidst an enlightening ceremony attended by esteemed VIPs, stakeholders from diverse sectors, business partners, and clients.Abdullah Al Zamel, chairman of Wahaj Group, set the stage with an insightful address, encapsulating the essence of the group's transformative decade.A visual presentation followed, charting the remarkable milestones and evolutionary strides that culminated in the birth of Wahaj Group.Ahmad Konash, Group Acting CEO, lauded the team's dedication, applauding their achievements and the solid trust forged with clients.The ceremony saw the announcement of several...
December 31, 2023
Onsor Mosha celebrates Its 10th anniversary and announces new local and global agreements
The media test drive event of JAECOO's new J7 urban off-road SUV, which was magnificently held mid-month at a luxurious resort in Riyadh, with the theme "Adventure and Experience", was a splendid showcase. It not only highlighted the excellent performance of the J7 on rough terrains and the driving experience, but also served as an invitation to adventure for every guest present, and through the test drive, the media were able to personally experience the outstanding control, stability, power of the J7 model, and immerse themselves in an exhilarating adventure.Over the mountainous terrain and vast sandy soil, the Saudi media drove the J7 on a challenging off-road journey. They navigated freely through complex terrain, whether it was a steep U-shaped descent, a winding...
December 31, 2023
JAECOO test drive event in Riyadh reveals unprecedented technology and performance of J7 model
December 31, 2023
LuLu’s green initiatives scoop award
SICO, a leading GCC asset manager, investment bank, and brokerage with direct presence in Bahrain, KSA, and UAE is pleased to announce the appointment of Mr. Bassam Abdulaziz Noor as the new Chief Executive Officer (CEO) of its fully owned subsidiary, SICO Capital Company in Saudi Arabia, effective 1 January, 2024. Bassam brings more than 20 years of experience in investment and management regionally and globally. Prior to joining SICO Capital, Bassam was the Chief Investment Officer for Alternative Investments at Derayah Financial and significantly contributed to increasing AUMs for alternative investments. He also held prominent roles in local and regional firms such as Alrajhi United, Arcapita Bank, and Gulf International Bank. Bassam holds a double bachelor’s degree with honors in...
December 31, 2023
Bassam Noor appointed as new CEO of SICO Capital in Saudi Arabia
Rotana, one of the leading hotel management companies in the region with over 100 properties across the Middle East, Africa, Eastern Europe and Türkiye (MENAT), concludes the year and its third decade of successful operations, with nine property signings in 2023 alongside a healthy pipeline of 50 scheduled openings.Global Expansion and PipelineIn line with Rotana’s target to strengthen its global footprint, the hospitality group announced several market entries this year. In the United Kingdom (UK), Rotana will launch two new properties under Centro, its affordable hotel and serviced apartment brand. Set to open in 2024, Centro New Malden and Centro Kingston will be the first two properties that form part of a wider agreement to develop up to 1,500 keys over multiple sites across the...
December 28, 2023
Rotana concludes 2023 with 74 operational hotels and a bolstered pipeline of 50 properties
