E-COMMERCE-

Keeta launches in Riyadh, eyes SAR 1 bn investment in the Kingdom: Chinese on-demand food delivery platform Keeta plans to invest SAR 1 bn in the Saudi market, following its launch in Riyadh yesterday, the Saudi Gazette reports. No details were provided on the timeframe of the investment. Keeta made its debut in Saudi Arabia last month by launching in Al Kharj.

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SUSTAINABILITY-

Rawabi acquires stake in World Wide Generation, launches JV: Local industrial conglomerate Rawabi Holding partnered with UK-based sustainability fintech firm WorldWide Generation (WWG) to establish a JV for standardizing sustainability reporting across its businesses, especially those in the Mena region, according to a press release. Rawabi also acquired an undisclosed stake in WWG after a GBP multi-mn investment into the firm.

INFRASTRUCTURE-

Iraq’s tie-up to the GCC interconnection power grid is set to be operational in December, Zawya reports, citing a statement from the Gulf Cooperation Council Interconnection Authority’s CEO Ahmed Al-Ebrahim. The announcement came after the authority signed an agreement with Iraq at the authority’s headquarters in Dammam yesterday to add it to the grid.

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