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  • Back in business, Saudi’s film scene is set to take off

    By 2030, the General Commission for Audiovisual Media (GCAM) – a governing authority regulating and operating cinemas – expects there will be around 350 cinemas and 2,500 movie screens in the country. To reach this goal, the Kingdom has to open at least 32 new cinemas every year.

  • Saudi Downtown Company Created to Catalyze Central Business Development in Smaller Saudi Cities

    In early October, Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) revealed the creation of the Saudi Downtown Company (SDC), which is part of the Public Investment Fund. The Saudi Downtown Company (SDC) aims to build and develop downtown areas and mixed-use destinations in 12 cities throughout Saudi Arabia. The 12 cities include: Al-Madinah, Al-Khobar, Al-Ahsa, Buraidah, Najran, Jizan, Hail, Al-Baha, Arar, Taif, Dumat Al-Jandal, and Tabuk.

  • Russian firms eye stronger business ties with Saudi Arabia amid western sanctions 

    Stanislav Yankovitz, the commercial representative at the Russian Embassy, noted that the trade relationship between Saudi Arabia and Russia has leapfrogged in recent years, with commercial exchange volume in 2021 witnessing an increase to $1.7 billion, and is expected to reach $5 billion by the end of 2024.

  • What are the best business hotels in the Middle East: Dubai, Abu Dhabi

    This is the first ranking of its kind between CNBC and Statista, which also jointly released hotel rankings in Europe today. Asia-Pacific rankings were published in September. In total, we analyzed more than 10,000 four- and five-star hotels in 117 locations to produce lists corporate travelers can trust.

  • What are the best business hotels in the Middle East: Dubai, Abu Dhabi

    This is the first ranking of its kind between CNBC and Statista, which also jointly released hotel rankings in Europe today. Asia-Pacific rankings were published in September. In total, we analyzed more than 10,000 four- and five-star hotels in 117 locations to produce lists corporate travelers can trust.

  • New laws in Saudi Arabia support women in business, and society is catching up quickly

    “Thinking about the situation when I first started my career in 2010, and then seeing how everything is right now, it’s extremely surreal I cannot believe it. It’s like a cultural shock while I’m living it. Thank God, its going in the right direction”, AlZouman reflected on her 10+ years career in Saudi Arabia. She explained how when Saudi companies first started implementing new work reforms, it was a challenge. However, due to the persistence of women like her, employees are starting to adjust to these social changes.

  • New laws in Saudi Arabia support women in business, and society is catching up quickly

    On September 28, the Atlantic Council’s empowerME initiative held a discussion on regulations and laws that impact women in business in Saudi Arabia. The event was moderated by The Cohen Group Associate Vice President Jaime Stansbury and featured Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) Women Entrepreneurship Department Director Afnan Ababtain, Albright Stonebridge Group GCC Regional Manager Imad Al-Abdulqader, and PepsiCo General Counsel for Saudi Arabia Yara AlZouman.

  • Business leaders bracing themselves for more ‘disruptive forces’ in wake of COVID-19

    Business executives in Saudi Arabia are preparing for an increasing number of “disruptive forces” hitting their firms in the wake of the COVID-19 pandemic, according to a study. The 2022 Middle East Disruption Index, produced by financial advisory and global consulting firm  AlixPartners, surveyed CEOs and executive leaders in the Kingdom, as well as the UAE, to gauge their top concerns and the impact of disruption on their organizations.

  • European business group warns of loss of confidence in China

    A top European industry group warned on Wednesday that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID policy as a key factor. The European Chamber of Commerce published the warnings in a paper it said had input from 1,800 member companies, which also contained 967 recommendations for China, the European Union and European companies related to doing business in the country.

  • Revealed: The real businesses of The Real Housewives of Dubai

    The Real Housewives of Dubai, a part of The Real Housewives franchise, follows the lives of six women residing in Dubai, but all of these women are behind businesses in addition to their role as a housewife on the show.