News

Joint Italian Arab Chamber of Commerce in partnership con il Sole 24 ore per promuovere “ItalyX”

La Joint Italian Arab Chamber of Commerce ed il Sole 24 ore, hanno sottoscritto un accordo di partnership per la promozione di “ItalyX”, la certificazione de Il Sole 24 Ore sviluppata in collaborazione con Confindustria, che ha l’obiettivo di attribuire valore e dare visibilità alle imprese del comparto manifatturiero che incarnano e rappresentano i valori […]

JIACC: Key event with Saudi Italian Business Council on May 9th in Rome

🇺🇸 On May 9th, we had the pleasure of hosting a significant event in Rome on the occasion of the visit of the Saudi Italian Business Council, led by Chairman Kamel Al-Munajjed. The event was organized by the Joint Italian Arab Chamber of Commerce together with Camera di Cooperazione Italo Araba (Italian Arab Chamber of […]

Islamic finance industry projected to grow in 2024-2025

The Islamic finance industry is projected to grow globally in 2024-2025 with total assets likely to witness single-digit growth driven by economic diversification efforts, a report said. It predicted that sukuk issuance globally would hover between $160 billion and $170 billion in 2024, representing a steady momentum from $168.4 billion in 2023 to $179.4 billion in […]

Saudi Arabia’s top five banks

Saudi banks experienced a muted year in 2023, with a slowdown in the country’s mortgage market affecting credit growth. Corporate and wholesale lending is set to boost lending in 2024, however, underpinned by the country’s Vision 2030 social development project. Link: https://www.thebanker.com/Saudi-Arabia-s-top-five-banks-1714137614

Saudi entertainment sector invests in next generation of talent

audi Arabia’s entertainment sector is expanding the country’s cultural landscape. This wider cultural shift is being driven by the ambitious Saudi Vision 2030, which aims to diversify the economy and open up access to the world. With the entertainment sector undergoing transformation, industry experts believe that investing in training, development and cultivating a dynamic workforce […]

Vision 2030 and the evolution of Saudi Arabia’s hospitality sector  

As Saudi Arabia embarks on its ambitious journey outlined in Vision 2030, the hospitality industry emerges as a pivotal player in the Kingdom’s economic diversification efforts.   The sector continues to evolve, with a focus on attracting international visitors and enhancing domestic tourism experiences.  In 2023, the Kingdom’s travel industry not only met but exceeded […]

How the hospitality industry in Saudi Arabia is embracing environmental sustainability

Saudi Arabia is emerging as a hotspot for international investment. Its latest hook? Sustainable hospitality. The Kingdom led the Middle East and Africa’s hotel-building activity in 2023, with 42,033 hotel rooms constructed. This accounted for 35.1 percent of the 119,505 built in the region over the year, according to data from hotel monitoring firm STR.  […]

Saudi’s Retal awards $64mln contract for 8 residential buildings in Riyadh

Retal Urban Development Company has awarded its subsidiary, Building Construction Company Limited, a 240 million Saudi riyal ($63.99 million) contract to develop eight residential buildings in the SEDRA housing project in Riyadh.  The contract duration is 26 months effective from the date of agreement, the company said in a statement to the Saudi stock exchange […]

Saudi’s biotechnology and genomics sector set for strong growth

Saudi Arabia’s biotechnology and genomics sector is set for an era of strong growth, according to a new report from Arthur D. Little. Fuelled by advances in emerging technologies such as precision medicine, ultra-targeted therapies, omics and many more, the global biotechnology and genomics sector is expected to expand at a double-digit growth rate going […]

Over 11,171 jobs created in occupational safety and health field in 3 years: Saudi minister

Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi said that more than 11,171 jobs have been generated in the field of occupational safety and health during the past three years. Inaugurating the Global Conference for Occupational Safety and Health in Riyadh on Sunday, he said that the ministry targets reaching the number of […]

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