Forbes Middle East has revealed its annual Top 100 Listed Companies ranking for 2024, spotlighting the region’s largest, most valuable, and most profitable firms. Collectively, the 100 companies experienced a 5.1% decline in sales, dropping from $1.1 trillion in 2022 to $1 trillion in 2023. Their net profits also fell by 13.5% to $240.2 billion,
In a significant move to bolster the Saudi start-up ecosystem, MSA Novo has signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST). This partnership underscores MSA Novo’s commitment to fostering innovation and entrepreneurship in Saudi Arabia. “This strategic collaboration will leverage our global network and KAUST’s research capabilities to
Riyadh, Kingdom of Saudi Arabia – June 9, 2024: flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the world, has welcomed its flight of Moroccan pilgrims arriving in Jeddah for the Hajj season of 1445 AH (2024) on Saturday, June 8, as part of the leading LCC operations
Aligning with Saudi Vision 2030 and within its approach towards sustainability, energy and environment conservation, Tasnee signed an agreement with Olayan Energy Company to develop solar photovoltaic power plants at the Tasnee Technology and Innovation Center. The agreement was signed by Mr. Turki Al-Juhani, Chief Procurement Officer, in the presence of Mr. Fawaz Al-Fawaz, Tasnee
In partnership with Saudia’s AlFursan loyalty program, the Saudi Investment Bank (SAIB) has introduced the “Travel Account,” a pioneering innovation in Saudi Arabia. This account is linked to AlFursan loyalty program, enabling users to earn reward miles monthly based on their average balance. These miles can be redeemed through the bank’s app, offering a seamless
Saudi Electricity Company (SEC) has announced the completion of its preparations and the readiness of the electrical grid in Makkah, Medina, and the holy sites for the Hajj season of 1445 AH. This achievement follows the execution of 20 new projects with a total investment exceeding 700 million riyals. These projects include the establishment of
Roberto Cavalli, the iconic Italian fashion house, announced its participation in the WWD Global Fashion Summit, taking place on June 6 at the King Abdullah Financial District (KAFD) Conference Center in Riyadh. The brand was represented by Fausto Puglisi, Cavalli’s Global Creative Director, who spoke on a panel discussing the region’s burgeoning fashion scene. The
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