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PwC ME opens new HQ in Riyadh

RIYADH: PwC Middle East, a leading professional services firm in the region, officially inaugurated its regional headquarters in Riyadh on Wednesday. This move demonstrates the company’s commitment to the region, including creating 6,000 new jobs and continued investments in digital technology, environmental, social, and governance capabilities. PwC Middle East obtained its regional headquarters license from Saudi Arabia's investment and commerce ministries.
Business

PIF acquires 30% stake in top grocery chain in Saudi Arabia

  RIYADH: In a bid to expand its existing portfolio and strengthen the private sector, Saudi Arabia’s sovereign wealth fund has inked a deal to invest in Tamimi Markets Co., one of the leading grocery chains in the Kingdom.  According to the agreement, the Public Investment Fund will become a shareholder with 30 percent ownership of Tamimi Markets by way of a capital increase and subscription of new shares. 
Business

“Red Sea Global of Saudi Arabia explores partnership opportunities in Egypt”

RIYADH: The Saudi-based Red Sea Global company held its second promotional procurement exhibition in Cairo, in cooperation with its media partner, MEED Network, and in the presence of representatives from more than 100 Egyptian companies from the private sector, the Saudi Press Agency reported on Monday. The exhibition is the second of its kind in a series of local, regional and international introductory meetings conducted by the company, which is wholly owned by the Kingdom’s Public Investment Fund.
Business

Report: Saudi Arabia and UAE to Lead $6 Billion Gaming Industry in the Region

RIYADH: Led by a young and digital-savvy population, Saudi Arabia and the UAE are set to spearhead the Middle East and North Africa’s gaming sector, positioning it for a $6 billion valuation by 2027, according to the Dubai Multi Commodities Centre’s latest study.    The DMCC report titled “Future of Trade 2023 Gaming in the MENA: Geared for Growth” revealed that the region’s gaming industry is reaping substantial returns.   
Business

Cargoz, a UAE-based logistics startup, receives funding from Nama Ventures and RAZ Group

CAIRO: Saudi venture capital firms are bolstering the regional startup funding landscape, with Nama Ventures and RAZ Group leading the investment round to support the expansion of the UAE-based logistics startup Cargoz in the Kingdom.  Cargoz, often called the Airbnb for commercial warehousing, has secured an undisclosed amount in bridge funding from Nama Ventures, RAZ Group and a select few angel investors from the UAE and Saudi Arabia who are key players in the logistics industry. 
sport

Greek Cup Final: Police Ban Traveling Fans Due to Violence Concerns

ATHENS: Police have issued a ban on traveling fans ahead of the Greek Cup final later on Wednesday because of fears of violence, despite an order for the match to be played without supporters in the stadium. League champion AEK Athens face PAOK in the central city of Volos after the authorities took several months to find a venue. Regional police chief Giorgis Dizes thanked the two clubs for publicly requesting that fans respect the ban.
Business

NEOM Green Hydrogen Company in Saudi Arabia seals $8.4bn plant deals

RIYADH: Saudi Arabia’s NEOM Green Hydrogen Company (NGHC) signed financial documents with 23 local, regional and international banks and investment firms on a green hydrogen production facility at a total investment value of $8.4 billion on Monday. The plant is currently being built at Oxagon, in Saudi Arabia’s region of NEOM.
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The post Can a U.S. Ally Actually Be Held Accountable for War Crimes in the ICC? appeared first on The Intercept.

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