Month: September 2021

Alwaleed bin Talal sells half his stake in Four Seasons Hotels to Bill Gates. Here are the details of the deal

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Reading time: < 1 MinuteA wholly-owned subsidiary of Kingdom Holding Company has signed a definitive and binding agreement to sell a 23.751% stake in Four Seasons Hotels & Resorts to a subsidiary of its strategic partner, Cascade Investments, owned by billionaire Bill Gates. Four Seasons Hotels & Resorts was valued at approximately 37.5 billion Saudi riyals, equivalent to $10 billion, bringing the total value of the transaction to approximately 8.3 billion Saudi riyals … Read more

America's most expensive home is on sale for this reason!

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Reading time: 2 MinutesAmerica’s most expensive home has been placed under court receivership in preparation for its sale; it was expected to be listed for $500 million after the owner defaulted on more than $165 million in loans and debts, according to court records. The Los Angeles Superior Court issued a receivership order for the famous Bel Air home known as “The One,” located on … Read more

Ghadeer Rashwan writes: How to invest in solar energy?

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Reading time: 3 MinutesNow is the perfect time to consider investments in solar and wind energy. Renewable energy companies will eventually replace the coal and oil giants. Looking for a straightforward way to invest? You can buy solar panels for your home. The entire planet has now agreed to stop its polluting emissions and make changes. Driven by my passion for capital growth and wealth creation through investment, I focus on… Read more

“Trade”: More than 42,000 articles of incorporation and partners' decisions documented. 78% of them electronically

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Reading time: < 1 MinuteThe Ministry of Commerce announced that it had notarized 42,639 partnership agreements and articles of incorporation for companies, of which 33,095 were notarized electronically, representing 78.1% of the total partnership resolutions and articles of incorporation notarized during the period from July 1, 2020, to July 31, 2021. The Riyadh region topped the list of regions in the electronic notarization of articles of incorporation and partners’ resolutions with … Read more

Local Content Authority partners with 6 government entities to localize O&M contracts in public entities

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Reading time: 2 MinutesThe Local Content and Government Procurement Authority works in coordination and collaboration with its partners in the initiative to localize operation and maintenance contracts in the public sector to develop local content in the operation and maintenance sector and increase the sector’s local impact, The Authority is working to implement the local content requirements and mechanisms included in the new government tenders and procurement system. The application of local content mechanisms has been limited to… Read more

Ministry of Transportation and Logistics completes the dualization of 233 kilometers of the Kharma-Rania-Bisha road

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Reading time: < 1 MinuteThe Ministry of Transport and Logistics continues to work on completing the Al-Khurma – Rania – Bisha, which is being implemented with two lanes in each direction and a total length of 360 kilometers, of which 233 kilometers have been completed. The project consists of nine different phases, of which the first and second have been completed, with the remainder to be completed… Read more

Here are tips to revamp your home decor in an eco-friendly way

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Reading time: 2 MinutesArchitect and interior designer Jane O’Connor, of the firm Reba, says that renovating a home in an eco-friendly way is not at odds with modern standards of interior design. With this in mind, she shared the following tips for renovating your home in an eco-friendly way in an interview with the “Metro” website: Buy new sustainable furniture. Jane recommends buying new furniture … Read more

For the second week ... consumer spending via POS is above the SAR 10 billion mark

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Reading time: 2 MinutesConsumer spending at points of sale in Saudi Arabia during the week ending September 4 reached approximately 10.2 billion riyals, compared to about 10.54 billion riyals for the previous week, a difference of 343.2 million riyals.According to data from the Saudi Central Bank (SAMA), spending remained above the 10-billion-riyal mark for the second consecutive week, a trend not seen since … Read more

“KFH: 3.67 billion dollars in real estate transactions in Kuwait in 3 months

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Reading time: 2 MinutesThe value of real estate transactions in Kuwait rose by 151% on a quarterly basis and was nine times higher than in the second quarter of last year. A report issued by Kuwait Finance House (KFH) stated that the value of real estate transactions reached approximately 1.1 billion dinars (3.67 billion dollars) in the second quarter of 2021, compared to transactions worth 929 million (3.1 billion dollars) in the quarter … Read more

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