Articles for category: Business

Layla Al-Khalifa

Business

Revolutionary partnership between Petromin and Transregions to revolutionize car rental industry

Revolutionizing the Car Rental Industry: PetroRent Joint Venture Unveiled In a groundbreaking collaboration that is set to shake up the car rental and leasing sector, Petromin Corporation and Transregions have joined forces to launch their new venture, “PetroRent,” in partnership with Al-Rowad International Logistics Company. The official signing ceremony, held at the prestigious Al-Dabbagh Group ...

Layla Al-Khalifa

Business

Trump’s tariff war escalates, markets plummet

Global Markets Tumble as Trump Imposes Tariffs In a dramatic turn of events, shares in Europe and Asia took a nosedive on Monday as US President Donald Trump made good on his threat to slap tariffs on Canada, Mexico, and China. The main European stock markets plummeted by more than 1%, while Japan’s stock market ...

Layla Al-Khalifa

Business

Trump’s Tariff War Rocks Asian Markets

Trade War Fears Spark Market Slide in Asia In a dramatic turn of events, Asian shares took a nosedive on Monday morning as US President Donald Trump made good on his threat to impose tariffs on Canada, Mexico, and China. Investors are now on high alert, preparing for a potential trade war that could have ...

Layla Al-Khalifa

Business

Game-Changing $690M Deal with J.P. Morgan Boosts Saudi SMEs!

Saudi Fintech Platform Lendo Secures $690 Million Facility from J.P. Morgan In a groundbreaking move for Saudi Arabia’s fintech sector, Lendo, the country’s leading debt crowdfunding platform, has successfully secured a $690 million warehouse facility from J.P. Morgan. This significant deal not only showcases growing international confidence in Saudi Arabia’s financial ecosystem but also solidifies ...

Layla Al-Khalifa

Business

Discover how Fincantieri is dominating Saudi Arabia’s maritime industry

Pierroberto Folgiero: Fincantieri’s Role in Saudi Arabia’s Vision 2030 In an interview, Pierroberto Folgiero, Chief Executive Officer and Managing Director of Fincantieri, delves into the company’s pivotal role in shaping Saudi Arabia’s rapidly evolving shipbuilding, defense, and maritime sector, crucial to the Kingdom’s Vision 2030 agenda. Driving Growth in Saudi Arabia and the GCC Region ...

Layla Al-Khalifa

Business

HP’s AI Revolutionizing Future of Work!

HP Revolutionizing the Future of Work with AI In today’s fast-paced world, technology is constantly evolving and reshaping the way we work. HP, a global leader in technology, is at the forefront of this revolution, redefining the Future of Work with Artificial Intelligence (AI). As businesses strive to stay ahead of the curve, HP is ...

Layla Al-Khalifa

Business

Exciting Launch of All-New Tiguan by Volkswagen!

Volkswagen Unveils the All-New Tiguan in the Kingdom Volkswagen has officially introduced the latest generation of the iconic Tiguan SUV in the Kingdom. With over 7.6 million Tiguan vehicles sold worldwide since its debut in 2007, this model has become one of Volkswagen’s top sellers. The all-new Tiguan will hit showrooms on January 22, 2025, ...

Layla Al-Khalifa

Business

New partnership to construct eco-friendly warehouse in Jebel Ali Free Zone

Arcapita Group Holdings Limited and DSV Announce Development of State-of-the-Art Warehouse in Dubai In a groundbreaking partnership between Arcapita Group Holdings Limited (‘Arcapita’), the global alternative investment firm, and DSV, a global logistics leader, plans have been unveiled for the development of a cutting-edge, 30,000 square meter build-to-suit warehouse in Dubai’s Jebel Ali Free Zone ...

Layla Al-Khalifa

Business

Bank of Japan Surprises with Record Rate Increase!

Japan’s Central Bank Raises Borrowing Costs to Highest Level in 17 Years In a bold move, Japan’s central bank has increased the cost of borrowing to its highest level in 17 years as consumer price rises accelerated in December. The Bank of Japan (BOJ) raised its short-term policy rate to “around 0.5 percent” shortly after ...

Layla Al-Khalifa

Business

Unlocking Saudi Vision 2030: Technology Key to Growth

Saudi Arabia’s Vision 2030: Driving Innovation and Technology for Sustainable Development Saudi Arabia is on a mission to achieve the ambitious goals set out in Vision 2030, utilizing innovation and advanced technology to propel key sectors forward. This visionary plan is part of a comprehensive strategy aimed at boosting the national economy and expanding the ...