Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Aviation Riyadh Air set to spark price war among regional rivals Saudi Arabia’s new national airline is bound to intensify the rivalry between Gulf carriers, analysts have said, and price wars are likely. Riyadh Air, which is wholly owned by the kingdom’s Public Investment Fund, was launched on Sunday and will be run by aviation veteran Tony Douglas. The carrier’s first international flight will take off […] March 14, 2023 Aviation Saudi’s national airline to connect Riyadh to 100 cities by 2030 Saudi Arabia is to launch a new national airline – Riyadh Air – which it is expected to create more than 200,000 direct and indirect jobs and add $20 billion to the kingdom’s non-oil economy. The announcement was made late on Sunday by Crown Prince, prime minister Mohammad bin Salman bin Abdulaziz and the chairman […] March 13, 2023 Logistics Bahri links with Suez as Saudi and Egypt revamp trade alliance Saudi shipping giant Bahri has signed a memorandum of understanding with Egypt’s Suez Canal Authority to set up a joint venture to transport general and bulk cargo, chemicals and oil. Bahri, also known as The National Shipping Company, and the Authority, which manages and operates one of the world’s most heavily used shipping lanes, aim to establish […] March 9, 2023 Construction PIF-backed Roshn launches new residential project in Riyadh Saudi property developer Roshn has launched its second residential community – Warefa – in Riyadh’s Al Janadriyyah district, which will be home to 13,000 residents. The residential community will include a district mall, primary healthcare facility, public and private schools, and multiple mosques, state-run SPA news agency reported. The development will cover 1.4 million sq […] March 8, 2023 Banking & Finance Saudi PIF raises stake in Japanese film company Toei to 6% Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in Toei Company Limited to six percent, a filing showed on Friday, reflecting the sovereign wealth fund’s growing exposure to the Japanese media industry. PIF’s stake in the Tokyo-based film and animation firm has risen from five percent to 6.03 percent, Reuters reported, citing the […] March 3, 2023 Construction Ardco’s $1.6bn vision blurred by Saudi mega-projects A slowdown in residential property demand and construction capacity issues due to Saudi Arabia’s bulging projects pipeline will be among some of the challenges facing Ardco, the latest player to the Riyadh property market and development scene, experts said. Ardco, which is also known as the Riyadh Development Company, announced last month it is becoming […] March 2, 2023 Real Estate Bloom CEO plans to double number of its UAE homes The CEO of Bloom Holding expects Abu Dhabi’s property market to continue to grow this year as the company progresses plans to double the number of homes it builds in the UAE. Although in the shadow of the double-digit growth of its neighbour Dubai, average prices in the UAE capital rose by up to 3 […] March 1, 2023 Tech AeroFarms: the US business growing up (and up) in the Gulf Agtech giant AeroFarms is seeding its indoor vertical farms all over the Gulf, launching significant ventures in the UAE, Saudi Arabia and Qatar. The US company is set to play a pivotal role in tackling problems of farming in the desert-climate region, which has historically imported around 90 percent of its food requirements. AeroFarms claims […] March 1, 2023 UAE firms on recruitment drive to support Saudi events boom British boxer Tommy Fury achieved a close victory over American rival Jake Paul in Riyadh on Sunday, in front of celebrities such as Mike Tyson and Cristiano Ronaldo. The bout was the latest footnote in Saudi Arabia’s goal to become a global hub for entertainment and sporting events. With the kingdom launching the Events Investment […] February 28, 2023 Business of Sport More Saudi-backed mega-deals likely as sports push intensifies Saudi Arabia is likely to follow up its acquisition of Premier League football club Newcastle United with more headline-grabbing deals abroad as the kingdom sees investments soar in its fledgling sports sector, say experts. Investment deals in Saudi Arabia’s sports sector reached SR1 billion ($270 million) last year and are expected to create 1,500 new […] February 26, 2023 Posts navigation Previous 1 … 80 81 82 … 95 Next
Aviation Riyadh Air set to spark price war among regional rivals Saudi Arabia’s new national airline is bound to intensify the rivalry between Gulf carriers, analysts have said, and price wars are likely. Riyadh Air, which is wholly owned by the kingdom’s Public Investment Fund, was launched on Sunday and will be run by aviation veteran Tony Douglas. The carrier’s first international flight will take off […] March 14, 2023
Aviation Saudi’s national airline to connect Riyadh to 100 cities by 2030 Saudi Arabia is to launch a new national airline – Riyadh Air – which it is expected to create more than 200,000 direct and indirect jobs and add $20 billion to the kingdom’s non-oil economy. The announcement was made late on Sunday by Crown Prince, prime minister Mohammad bin Salman bin Abdulaziz and the chairman […] March 13, 2023
Logistics Bahri links with Suez as Saudi and Egypt revamp trade alliance Saudi shipping giant Bahri has signed a memorandum of understanding with Egypt’s Suez Canal Authority to set up a joint venture to transport general and bulk cargo, chemicals and oil. Bahri, also known as The National Shipping Company, and the Authority, which manages and operates one of the world’s most heavily used shipping lanes, aim to establish […] March 9, 2023
Construction PIF-backed Roshn launches new residential project in Riyadh Saudi property developer Roshn has launched its second residential community – Warefa – in Riyadh’s Al Janadriyyah district, which will be home to 13,000 residents. The residential community will include a district mall, primary healthcare facility, public and private schools, and multiple mosques, state-run SPA news agency reported. The development will cover 1.4 million sq […] March 8, 2023
Banking & Finance Saudi PIF raises stake in Japanese film company Toei to 6% Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in Toei Company Limited to six percent, a filing showed on Friday, reflecting the sovereign wealth fund’s growing exposure to the Japanese media industry. PIF’s stake in the Tokyo-based film and animation firm has risen from five percent to 6.03 percent, Reuters reported, citing the […] March 3, 2023
Construction Ardco’s $1.6bn vision blurred by Saudi mega-projects A slowdown in residential property demand and construction capacity issues due to Saudi Arabia’s bulging projects pipeline will be among some of the challenges facing Ardco, the latest player to the Riyadh property market and development scene, experts said. Ardco, which is also known as the Riyadh Development Company, announced last month it is becoming […] March 2, 2023
Real Estate Bloom CEO plans to double number of its UAE homes The CEO of Bloom Holding expects Abu Dhabi’s property market to continue to grow this year as the company progresses plans to double the number of homes it builds in the UAE. Although in the shadow of the double-digit growth of its neighbour Dubai, average prices in the UAE capital rose by up to 3 […] March 1, 2023
Tech AeroFarms: the US business growing up (and up) in the Gulf Agtech giant AeroFarms is seeding its indoor vertical farms all over the Gulf, launching significant ventures in the UAE, Saudi Arabia and Qatar. The US company is set to play a pivotal role in tackling problems of farming in the desert-climate region, which has historically imported around 90 percent of its food requirements. AeroFarms claims […] March 1, 2023
UAE firms on recruitment drive to support Saudi events boom British boxer Tommy Fury achieved a close victory over American rival Jake Paul in Riyadh on Sunday, in front of celebrities such as Mike Tyson and Cristiano Ronaldo. The bout was the latest footnote in Saudi Arabia’s goal to become a global hub for entertainment and sporting events. With the kingdom launching the Events Investment […] February 28, 2023
Business of Sport More Saudi-backed mega-deals likely as sports push intensifies Saudi Arabia is likely to follow up its acquisition of Premier League football club Newcastle United with more headline-grabbing deals abroad as the kingdom sees investments soar in its fledgling sports sector, say experts. Investment deals in Saudi Arabia’s sports sector reached SR1 billion ($270 million) last year and are expected to create 1,500 new […] February 26, 2023
