SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has successfully completed a strategic investment in UAE-based fintech, Souqalmal (the “Company”). The investment will provide growth capital, allowing Souqalmal to execute on an ambitious growth plan over the next 24 months. Following the investment, Ambareen Musa, Founder and
The Saudi Arabian Oil Company (Saudi Aramco) has announced its full-year 2021 financial results, reporting that its net income saw increased to US$110 billion in 2021, compared to US$49 billion in 2020. The increase in net income reflects higher crude oil prices, stronger refining and chemicals margins, and the consolidation of SABIC’s full-year results. In
Beautyworld Saudi Arabia, the Kingdom’s only dedicated exhibition for beauty products, hair, fragrances, and wellbeing, opens tomorrow (Monday, March 21) at the Riyadh International Convention & Exhibition Centre, bringing the local and international beauty community together the first time in the capital – the heart of the Kingdom’s commercial decision-making hub. Previously taking place in
Hosted in partnership with the Saudi Conventions and Exhibitions General Authority (SCEGA), the Retail Leaders Circle MENA Summit, the world’s foremost strategic forum for the global retail industry, has released highlights of its agenda for when it returns to Riyadh this week from 22-23 March at the Hotel Fairmont Riyadh. Opening the 2-day plenary will
The unparalleled efforts of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to preserve and promote the Arabic language crossed a milestone at the 5th edition of the prestigious International Festival of Arabic Language and Culture in Milan, whose main focus this year was the
