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Author Archives: enterpriseam admin
Posted inEARNINGS WATCH
Aramco sees declines in 2Q on lower oil prices
The oil giant attributed the fallout in revenues to lower prices for crude oil
Posted inECONOMY
Non-oil business activity continues to expand, but loses momentum
While output expanded in July, the pace of growth was the slowest in three-and-a-half years
Posted inM&A WATCH
Ades Holding takes over Dubai-based Shelf Drilling in a SAR 1.4 bn merger
Ades will pay SAR 5 per share, representing a 62% premium to Shelf Drilling’s close on 4 August
Posted inEARNINGS WATCH
Bupa Arabia’s net income down in 2Q + Cenomi Retail is deeper in the red
Al-Futtaim’s acquisition of 49% in Cenomi will drive its recovery by a SAR 1.3 bn loan
Posted inON TALK SHOWS
Lucid’s market impact, and football clubs ramping up the competition
Riyal Deal hosted PIF-backed Lucid Motors Middle East President Faisal Sultan
Posted inSAUDI IN THE NEWS
The Kingdom bets on Aseer’s cool peaks to lure tourists
Projects include the Seven Legends Resort