FIPCO posts 22.45% increase in net profit during 2023

RIYADH: Filing and Packing Materials Manufacturing Co. (FIPCO) has released its annual consolidated financial statements for the fiscal year ended December 31, 2023. The company reported a decrease in sales/revenue…

NNR March 17, 2024

MENA

Allianz Saudi Fransi reports robust financial performance for 2023

RIYADH: Allianz Saudi Fransi Cooperative Insurance Co. has announced its annual financial results for the year ending December 31, 2023, showcasing significant growth in key financial metrics. The company's insurance…

NNR March 17, 2024

MENA

KSA’s First Mills forms First Food Supplies Company

JEDDAH, KSA: The First Milling Company, a leading agro-industrial enterprise, has announced the launch of its fully-owned subsidiary, the First Food Supplies Company. The new venture is set to bolster…

NNR March 17, 2024

MENA

NADEC signs partnership with United Feed company to boost local meat production

RIYADH: The National Agricultural Development Company (NADEC) has announced a new partnership with the United Feed Company, part of Al Muhaidib Group to enhance food security and support the agricultural…

NNR March 17, 2024

MENA

Money transfers to Egypt experience notable surge

DUBAI: Al Ansari Exchange, the largest remittance and foreign exchange company in the United Arab Emirates, and a subsidiary of Al Ansari Financial Services Group, announced today witnessing a remarkable…

NNR March 12, 2024

MENA

TerraPay and Alfardan Exchange join hands to offer innovative cross-border payments

TerraPay, a global cross-border payments network, has entered into a strategic partnership with Alfardan Exchange, one of the leading remittance service providers in the region. The collaboration aims to leverage…

NNR March 11, 2024

MENA

Investrade buys 53% of Areen Park Hotel and The Land of Paradise Waterpark

BAHRAIN: Investrade, a prominent investment firm, has secured a 53% ownership of the Areen Park Hotel and The Land of Paradise Waterpark. This acquisition is part of the expansive Areen…

NNR March 10, 2024

MENA

TECOM Group announces record-breaking results and dividend payout

DUBAI: TECOM Group, the creator of specialised business districts and vibrant communities in Dubai, has announced its best-ever financial and operational performance for the year 2023, along with a cash…

NNR March 5, 2024

MENA

Zain KSA reports record revenues of SAR 9.9 billion in 2023

RIYADH: Mobile Telecommunication Company Saudi Arabia (Zain KSA) announced its annual consolidated financial results for the year ending on 2023-12-31, revealing the highest revenues in its history, amounting to SAR…

NNR March 3, 2024

MENA

Qatar launches $1 billion fund to boost venture capital and start-ups in the region

Qatar's sovereign wealth fund, Qatar Investment Authority (QIA), has announced a new initiative to invest over $1 billion in venture capital funds that focus on the region's emerging start-up ecosystem.…

NNR February 27, 2024

MENA

ADNOC Distribution unveils new growth strategy to become multi-energy leader

ABU DHABI, UAE: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, announced its new five-year growth strategy at an Investor Day in Abu Dhabi on Monday, 26 February. The…

NNR February 27, 2024