Business

ACWA Power agrees to sell its stake in Uzbekistan unit for $130m

Wed, 2022-09-14 17:39 RIYADH: ACWA Power has signed a share purchase agreement for $130 million to sell its 49 percent…

4 years ago

Taiba shareholders approve acquisition of Savola’s stake in KEC for $122m

Wed, 2022-09-14 09:45 RIYADH: Taiba Investments Co. received its shareholders' approval to purchase all stakes owned by Savola Group in…

4 years ago

Oil Updates — Crude down; OPEC sees pre-pandemic demand in 2023; Iran controls oilfield fire

Wed, 2022-09-14 08:29 RIYADH: Oil prices inched lower in early trade on Wednesday as US consumer prices unexpectedly rose in…

4 years ago

State-backed digital bank Wio launches in UAE

ID: 1663100393633569900Tue, 2022-09-13 09:58 DUBAI: State-backed digital bank Wio announced on Tuesday it had launched in the United Arab Emirates and…

4 years ago

ACWA Power eyes water desalination projects in Africa: CEO

Tue, 2022-09-13 17:32 RIYADH: ACWA Power plans to expand its water desalination plants in the Middle East and Africa within…

4 years ago

Saudi electronics supplier eXtra’s shareholders to vote on raising capital to $231m

Tue, 2022-09-13 16:37 RIYADH: United Electronics Co., also known as eXtra, is seeking its shareholder’s approval to increase its capital…

4 years ago

Saudi stocks maintain gains as recession concerns ease: Closing bell

Tue, 2022-09-13 15:57 RIYADH: Saudi Arabia’s main index continued to rise during Tuesday’s trade in line with higher oil prices…

4 years ago

KAUST to launch second round of Destination Deep Tech program

Tue, 2022-09-13 12:14 RIYADH: King Abdullah University of Science and Technology will begin the second round of its Destination Deep…

4 years ago

Dubai toll operator Salik’s IPO at $0.54 offer price covered within hours

Tue, 2022-09-13 11:23 DUBAI: Dubai government-owned road-toll operator Salik, which priced its initial public offering at 2 dirhams ($0.54) saw…

4 years ago

Saudi PIF mulls $1bn stake in Seera’s travel unit Almosafer

RIYADH: Saudi Arabia’s stock market has been witnessing a wave of new listings since the beginning of the year reaching 246…

4 years ago