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Plus: The industrial production index was down 10.5% in December 2023
Author Archives: enterpriseam
Posted inDEBT WATCH
Red Sea Global lines up SAR 2 bn for new luxury hotel
The fresh funds will help a JV between RSG and the Kingdom Holding develop a Four Seasons resort
Posted inPIF WATCH
PIF’s mobility investment arm buys into Croatia-based Project 3 Mobility + eyes Recogni, Holon
P3 plans to use the proceeds to fund its R&D and expand its team
Posted inDEFENSE
Modon lines up investors for projects worth up to SAR 130 mn
The Kingdom has a target of localizing over 50% of its military equipment spending by 2030
Posted inPUBLIC POLICY
New rules regulating gov’t communication at home and abroad
Formal government communication with entities abroad of foreign missions here will only be made through the Foreign Ministry
Posted inEARNINGS WATCH
Tanmiah, Burgerizzr, Tihama 2023 results are in
Tanmiyah faced a tough comp after a one-off gain in 2022
Posted inMOVES
Natural Gas Distribution Co names new board
Abdulrahman bin Sulaiman was the company’s Deputy Chairman
Posted inALSO ON OUR RADAR
Dussur + Baker Hughes opens chemicals manufacturing facility. Plus: Defense, healthcare, education, finance, and tech
Plus: Defense, healthcare, education, finance, and tech
Posted inPLANET FINANCE
IMF head lays out recipe to help Arab world withstand headwinds
Three courses of action could help the Arab world withstand economic headwinds and uncertainties resulting from geopolitical conflict and crises, IMF Managing Director Kristalina Georgieva said during her keynote speech at the World Government Summit in Dubai. Phasing out energy subsidies could save the region USD 336 bn and help address pollution and improve social […]
Posted inDIPLOMACY
Kingdom drops second USD 250 mn budget boost for Yemen
The crisis in the Red Sea has worsened an already battered economy