Saudi firm WAJA Co. forms joint venture to produce EVs in Egypt RIYADH: Saudi multi-sector firm WAJA Co., is set to establish a joint firm in Egypt to produce and manufacture electric vehicles, after signing a framework cooperation agreement. The deal, inked with the Egypt-based military organization Arab Organization for Industrialization, meets the needs of … Read more
Middle East luxury market outperforms global industry rate, says Chalhoub Group president DUBAI: Leveling off in July 2023 and returning to normal on a global scale after a spike in consumption following the COVID-19 pandemic, the luxury market is currently witnessing “challenges requiring more collaborations among retailers, brands, developers, and between the private and public … Read more
RIYADH: Saudi Arabia emerged as a significant player in the startup ecosystem this February, raising $16.3 million, making it the second-highest amount secured by any country across the Middle East and North Africa. According to Wamda’s monthly investments report for the region, the Kingdom secured the funding across seven transactions, marking a 48.18 percent increase from … Read more
Saudi Minister of Human Resources and Social Development Ahmad bin Sulaiman Al-Rajhi honored Najm for Insurance Services as the winner of the third edition of the Labor Excellence Award in the Localization Track for business services sector. This award comes as a recognition of Najm’s contributions to supporting nationalization and developing Saudi talents’ skills.