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In "BUSINESS"
After the Fortune Global 500 list was announced on August 5, showing that Chery Group, the parent company of OMODA&JAECOO, entered the list for the first time and ranked 385th, Chery Automobile received another great news.On September 5, J.D. Power, a global authoritative consumer insight and market research institution, released the 2024 China Initial Quality Study (IQS) report. Chery, the parent company of OMODA&JAECOO, has ranked first in new car quality satisfaction of domestic brands for the second consecutive year.According to the report, Chery Automobile's ranking in the mainstream car market has risen to 6th place. It ranks first in the medium-sized economy SUV market segment and new car quality satisfaction of domestic high-end brands, demonstrating the high-quality...
September 26, 2024
OMODA&JAECOO ranks first in new car quality satisfaction of domestic brands for two consecutive years
Lulu has officially secured the Guinness World Record for the World’s Largest Flower Pot Mosaic. This floral masterpiece, spanning an impressive 94 square meters, was unveiled in celebration of Saudi Arabia’s 94th National Day, crafted with an incredible 125,000 fresh flowers.This world record event was under the patronage of Jeddah Municipality, and the Ministry of Environment, Water and Agriculture (MEWA), and the Lenobadir, in partnership with Comfort.The achievement was recognized during a ceremony held at the Roshn Waterfront Jeddah, where Guinness World Records adjudicator Mbali Masechaba Nkos presented the certificate to LuLu western province team. The event was graced by the presence of Eng. Ahmed Alqarni – Director general of Ministry of Environment, Water , and agriculture...
September 24, 2024
Lulu bags Guinness Record with the World’s Largest Flower Pot Mosaic
Arcapita Group Holdings Limited ("Arcapita"), the global alternative investment firm, and Dgpays, a leading financial infrastructure technology provider in the EMEA region, (together in equal partnership, the “Consortium”) and Mashreq, one of the UAE’s leading financial institutions, jointly announced today the Consortium’s agreement to acquire a majority stake in NEOPAY, the UAE’s fast-growing payment solutions provider, while Mashreq retains a significant minority interest. The transaction implies an approximate enterprise value for NEOPAY of $385 million, and the closing is subject to necessary regulatory approvals.The acquisition represents a significant milestone for NEOPAY as it aims to expand its presence in the rapidly growing digital payments sector in the...
September 23, 2024
Arcapita and Dgpays Consortium acquires majority stake in NEOPAY from Mashreq
September 23, 2024
Rahim Pattarkadavan: Vision 2030 accomplishments are an excellent epitome of realizing visionary roadmap for a shining Saudi Arabia
Juffali Automotive, the general distributor for Mercedes-Benz vehicles, continues to offer exceptional financing deals on Mercedes-Benz cars during the 94th National Day celebrations. This is in collaboration with major financing institutions.The offer includes the CLA Coupe with a monthly installment of just SR3,700. Additionally, the stunning GLE Coupe is available through the 50/50 program, which allows for payment of half the value upon delivery and the remaining amount after two years. The first installment for this vehicle is SR299,600. Similarly, the C-Class can be obtained under the 50/50 program with a first payment of SR149,500.Basim Wali, Head of Marketing and Development at Juffali Automotive, extended his congratulations to the nation and its people on the 94th National Day....
September 22, 2024
Juffali Automotive announces Mercedes-Benz National Day Offers
RIYADH: 18 September 2024 — Ajdan Real Estate Development has announced the signing of an agreement with Aljazira Capital to establish a project amounting to about SR2 billion to build mixed-use towers as well as to launch the Aljazira Ajdan Real Estate Fund. This was part of a new strategic partnership and an extension of previous partnerships between the two entities.The project, which spreads over an area exceeding 21000 square meters, is located in the heart of Riyadh, in a prime geographical location in Al-Rahmaniyah district, at the intersection of two key roads, King Fahd Road and King Abdullah Road. It is also close to major landmarks, including the Ministry of Municipalities and Housing, King Abdullah Financial District (KAFD), King Saud University, King Salman Park, Kingdom...
September 18, 2024
Ajdan Real Estate Development and Aljazira Capital to establish SR2 billion mixed-use real estate project in the heart of Riyadh
September 18, 2024
Google scores rare legal win as 1.49bn euro fine scrapped
IKEA Alsulaiman, a leading home furniture brand and a subsidiary of Alsulaiman Group, announced opening two new stores within just one week, bringing them closer to their customers in the southern region. Located in one of the most popular shopping destinations in Jazan and in the heart of Al Rashid Mall in Abha, IKEA Alsulaiman remains committed to its vision of creating a better everyday life for the many people.Samer Sayegh, CEO of IKEA Alsulaiman, commented that IKEA's ongoing expansion in the Kingdom illustrates the company's dedication to reaching more customers throughout the region.This commitment is evident through various meeting points, including large stores, small stores, and e-commerce, which together serve over 40 million customers annually. Samer added, "The...
September 17, 2024
IKEA Alsulaiman opens new stores in Jazan and Abha, aims for 30 locations in Saudi Arabia
September 17, 2024
ICS Arabia and Lumaotong Group, in partnership with China Mobile International, commence construction of 187 megawatts (MW) Desert Dragon Data Centers
September 16, 2024
OMODA & JAECOO launch attractive offers to mark celebration of 94th Saudi National Day
