RIYADH: UAE-based grocery store operator Spinneys 1961 Holding PLC has announced its intention to proceed with an initial public offering on the Dubai Financial Market. Al Seer Group, Spinney’s parent company and the selling shareholder, expects to sell 25 percent of the total issued share capital of the firm, equivalent to a total of 900 … Read more
RIYADH: Egypt’s new economic path, focused on structural reforms empowering the private sector to lead growth and attracting investment, has begun to yield positive results, said the country’s finance minister. Mohamed Maait highlighted that despite the harsh impacts of global and regional economic crises, Egypt has seen financial indicators surpass budget estimates and targets over the … Read more
Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, reaffirmed his confidence in the Vision 2030 goal of attracting 30 million Umrah pilgrims annually by 2030, or even before that. “The government has made huge efforts and provided comprehensive support to achieve the objectives of Vision 2030, aiming to accommodate 30 million Umrah performers and … Read more
WASHINGTON: A lucky Japanese astronaut will become the first non-American to set foot on the Moon during one of NASA’s upcoming Artemis missions, US President Joe Biden announced Wednesday. The offer to Japan — an opportunity many nations have long dreamed of — came as part of Prime Minister Fumio Kishida’s state visit, and as … Read more
WASHINGTON: US President Joe Biden prepared Wednesday for perhaps the most crucial speech of his political career as the unpopular 81-year-old tries to convince doubters he is fit for a bruising rematch with Donald Trump in November. With dominant performances in the “Super Tuesday” primaries and Trump’s last Republican rival Nikki Haley finally dropping out, the … Read more
RIYADH: Global trading system accessibility, intellectual property, and dispute settlement take center stage as the 13th World Trade Organization Ministerial Conference commenced in Abu Dhabi. The four-day event, starting on Feb. 26, will address these issues within the WTO, featuring the participation of trade ministers and senior officials from around the world, the Saudi … Read more
RIYADH: Saudi entrepreneurs are set to be increasingly empowered in establishing innovative startups in the Kingdom’s agriculture sector through the introduction of the new Sonbola program. Launched by the Minister of Environment, Water, and Agriculture Abdulrahman Al-Fadley, and Minister of Communications and Information Technology Abdullah Al-Sawaha during a ceremony in Riyadh, the program aims to cultivate … Read more
Cenomi Centers secures $1.39bn Shariah-compliant, sustainability-linked financing RIYADH: Saudi Arabia’s lifestyle and leisure sectors have been infused with SR5.25 billion ($1.39 billion) after mall operator Cenomi Centers secured financing for the “next generation” of retail experiences. The firm’s Shariah-compliant, sustainability-linked funding agreement with a syndicate of top-tier banks is set to deliver a new take on retail within the … Read more
For eight consecutive years, the International Institute for Iranian Studies has published its prominent Annual Strategic Report, offering its esteemed readership a comprehensive and in-depth analysis of world dynamics, whether in the political, military, security or economic spheres. With each year, Rasanah has expanded its scope of discussion, covering new regions — trying to keep … Read more
Global Cybersecurity Forum event sees international leaders gather to drive collaborative solutions RIYADH: Collaborations in addressing challenges and opportunities in cyberspace took center stage at a forum in Geneva organized in partnership with Saudi Arabia’s UN Mission. The event, organised by the Global Cybersecurity Forum, was attended by more than 60 diplomats, UN representatives, and non-governmental organization … Read more