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KUNA : Gulfood Expo 24 kicks off in Dubai with Kuwaiti participation - Economics

KUNA : Gulfood Expo 24 kicks off in Dubai with Kuwaiti participation - Economics
kuna.net.kw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuna.net.kw Daily Mail and Mail on Sunday newspapers.

$266mln Jadwa Investment fund aims to build 1,500 homes in Riyadh

$266m Jadwa Investment fund aims to build 1,500 homes in Riyadh

DUBAI: Riyadh-based investment management and advisory firm Jadwa Investment has launched a SR1 billion ($266 million) Shariah-compliant real estate fund to develop more than 1,500 homes in the Saudi capital. The Aldar Investment Fund has been set up in partnership with Almajdiah Group and Riyad Bank and will have a term of three years plus two one-year extensions. The fund aims to develop more than 1,500 residential units at sites throughout Riyadh, targeting mid- to high-income Saudi households, and forms part of the government’s wider Vision 2030 ambition to increase home ownership in the Kingdom to 70 percent, up from 50 percent in 2018. Haitham Al-Ghannam, managing director and head of real estate at Jadwa Investment, said: “The record demand shown during the fund’s offering period demonstrates the attractiveness of the local residential real estate market today, particularly in Riyadh, where we intend to expand further.”

Paintings depicting Qatar s heritage to adorn HMC facilities

Paintings depicting Qatar’s heritage to adorn HMC facilities  11 Jan 2021 - 9:52 Some of the 30 paintings donated to HMC in recognition of its efforts to contain COVID-19 pandemic. The Peninsula Doha: In an initiative to express appreciation of the efforts by the medical staff of Hamad Medical Corporation (HMC) in confronting the COVID-19 pandemic, Al Housh Art Gallery of the Qatar Artistic Movement has donated 30 paintings which will be displayed at HMC facilities.  Chief Communications Officer at HMC, Ali Al Khater, received the donated paintings, while welcoming the owner of Al Housh Art Gallery, Ghanem AlGhanem, who was accompanied by a number of Al Housh Gallery members.

How a Riyadh investment firm defied the pandemic

JEDDAH: The year 2020 has been challenging for many Saudi sectors. In late February, as the full implications of the coronavirus pandemic became evident, $6 trillion were wiped off global markets in six days. But as we come to the end of the year, the picture is far from the apocalyptic scenes observed in the first quarter of 2020.  Saudi Arabia’s benchmark Tadawul All Share Index (TASI) made a strong rebound and remained well above the 8,000-point level for most of the final quarter. Globally, the S&P 500 Index in the US is up 15 percent this year, the Dow Jones Industrial Average made a 6 percent gain, and the technology-focused Nasdaq Composite Index defied the odds and surged 43 percent.

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