JEDDAH — In an exhilarating match at King Abdullah Sports City in Jeddah, Al Ettifaq handed Al Ittihad a significant 5-0 defeat in Round 31 of the Saudi Professional League on Friday. This victory temporarily propelled Al Ettifaq to sixth place in the standings, raising their points total to 44, while Al Ittihad's struggles intensified, leaving them stagnant at 50 points and extending their winless streak with a third consecutive loss. Al Ittihad faced significant challenges due to a substantial...
DUBAI - Saudi Arabian water and wastewater infrastructure company Miahona's initial public offering (IPO) was priced at the top of the targeted valuation range, according to an adviser on Thursday. The public-private partnership company is raising $148 million by selling a 30% stake - amounting to 48,277,663 shares - at 11.5 riyals ($3.07) a piece, according to a filing by adviser Saudi Fransi Capital. The IPO offer price implies a market capitalisation of $493.3 million, according to Reuters...
MUSCAT, Sultanate of Oman, and MANAMA, Bahrain - Bahwan Travel Agencies, one of the largest travel companies in the Sultanate of Oman, and Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, announce the renewal of their strategic technology agreement at the Arabian Travel Market in Dubai earlier today. This renewal marks a significant milestone in the continued collaboration between the two companies, further solidifying their...
Jeddah, Saudi Arabia: – teamLab Borderless Jeddah, a collaborative initiative between the Saudi Ministry of Culture and art collective teamLab, is set to open in Jeddah Historic District in the summer of 2024. Spanning approximately 10,000 sqm of gross floor area, teamLab Borderless Jeddah, the first-ever teamLab Borderless museum to launch in the Middle East, will be permanently established on the shores of Alarbaeen Lagoon overlooking the panoramic views of Jeddah Historic District, a UNESCO...
South African private sector activity rose marginally in April as an improvement in business confidence encouraged companies to expand purchasing activity and staffing levels, a survey showed on Monday. The S&P Global South Africa Purchasing Managers' Index (PMI) rose to 50.3 in April from 48.4 in March, its highest reading since February. A reading above 50 shows growth. Business sentiment was boosted by a drop in rolling power cuts in April and a softer reduction in new orders. "Some of the...
Egypt and Saudi Arabia have maintained an almost uninterrupted #1 and #2 reign since Wego started tracking in 2014 Biggest climbers among top 25 is Azerbaijan (#23, +6) and outside top 25, Russia (#26, +9) and Bosnia & Herzegovina (#39, +7) The United Kingdom has been the top European destination for twenty-four months in a row Italy saw a rapid surge in travel activity becoming the #2 European destination and cracking the top three for the first time on record Dubai, UAE: Wego, the largest...
DUBAI, UAE: Marriott Hotels, part of Marriott Bonvoy’s portfolio of over 30 extraordinary hotel brands, evolves its partnership with Manchester United by bringing the club’s iconic Old Trafford experience to the UAE with the introduction of the Marriott Hotels “Twinned Suite of Dreams'' at the Marriott Resort Palm Jumeirah – the brand’s first resort in the country. Available from May 2024, the curated, themed suite will give fans an exclusive experience to celebrate the history and legacy of...
THE Cabinet recognised the efforts of the national workforce across sectors and thanked them for their contributions to the kingdom’s achievements, emphasising their role in driving excellence, on International Workers’ Day (Labour Day).His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, yesterday chaired the weekly Cabinet meeting at Gudaibiya Palace.The Cabinet affirmed the importance of His Majesty King Hamad’s visit to the UAE, where he and UAE President...