You are here

Economy

Special MAGRABi Retail Group acquires Kefan Optics, eyes potential IPO video

MAGRABi Retail Group acquires Kefan Optics, eyes potential IPO

  • Kefan Optics provides MAGRABi a strategic entry point in Kuwait’s competitive optical retail sector
  • MAGRABi CEO Yasser Taher told Arab News the deal would elevate the company’s market share in Kuwait to an estimated 30%
By Reina Takla - Miguel Hadchity ·
Saudi Arabia, China’s DHX Group to build first tinplate plant in Ras Al-Khair

Saudi Arabia, China’s DHX Group to build first tinplate plant in Ras Al-Khair

By MOHAMMED AL-KINANI ·
Saudi banks’ March profits jump 27% on lending boom

Saudi banks’ March profits jump 27% on lending boom

By Dayan Abou Tine ·
Oil Updates — crude retreats as US, China growth concerns weigh 

Oil Updates — crude retreats as US, China growth concerns weigh 

By REUTERS  ·
Saudi Arabia’s expat remittances hit near 9-year high at $4.13bn in March

Saudi Arabia’s expat remittances hit near 9-year high at $4.13bn in March

By Dayan Abou Tine ·
Saudi air passenger traffic up 15% to over 128m in 2024

Saudi air passenger traffic up 15% to over 128m in 2024

By Nadin Hassan ·
Argaam names top CEOs of 2024 in finance, tech, health and more

Argaam names top CEOs of 2024 in finance, tech, health and more

By Arab News ·
Startup Of the Week
Saudi startup Ejari plans to scale as demand grows
Saudi startup Ejari plans to scale as demand grows
Venture capital founders focus on scale and substance
Venture capital founders focus on scale and substance
MENA firms raise $180m in 7-day funding blitz
MENA firms raise $180m in 7-day funding blitz
Saudi Arabia opens three sports facilities to private investment

Saudi Arabia opens three sports facilities to private investment

By Nour El-Shaeri ·
PIF convenes 1,000 global executives in Riyadh to shape next phase of governance

PIF convenes 1,000 global executives in Riyadh to shape next phase of governance

By MOHAMMED AL-KINANI ·
Closing Bell: Saudi indices close in red at 11,405 

Closing Bell: Saudi indices close in red at 11,405 

By Nour El-Shaeri ·
Saudi Arabia’s PIF expands global footprint with new Paris office 

Saudi Arabia’s PIF expands global footprint with new Paris office 

By Miguel Hadchity ·
Egypt achieves 3.9% growth in first half of fiscal year, prime minister says

Egypt achieves 3.9% growth in first half of fiscal year, prime minister says

By Reem Walid ·
Aramco cuts methane emissions by 11.4%, sets 2030 target to reduce upstream carbon intensity

Aramco cuts methane emissions by 11.4%, sets 2030 target to reduce upstream carbon intensity

By Nadin Hassan ·

Insight

Yousef Al-Benyan
Vision 2030: Elevating human capability in a changing world
Author
Dr. Vaqar Ahmed
Following Trump’s tariffs, Pakistan is not prepared for the new trade order
Author
Princess Reema Bandar Al-Saud
Celebrating SGI Day: a journey of progress, unity, and bold ambition
Author
Abdullah bin Ibrahim Al-Abdulkarim
Shaping a new global roadmap for water security
Author
Adrian Monck
The death of money? Not quite, but close enough to cause concern
Author
More in Insight

Video

video

MAGRABi Retail Group acquires Kefan Optics, eyes potential IPO

video

Radisson doubles down on Saudi Arabia with aggressive hotel expansion

More in Videos

Latest updates

Saudi Arabia opens three sports facilities to private investment
Saudi Arabia opens three sports facilities to private investment
PIF convenes 1,000 global executives in Riyadh to shape next phase of governance
PIF convenes 1,000 global executives in Riyadh to shape next phase of governance
Closing Bell: Saudi indices close in red at 11,405 
Closing Bell: Saudi indices close in red at 11,405 
Saudi Arabia’s PIF expands global footprint with new Paris office 
Saudi Arabia’s PIF expands global footprint with new Paris office 
Egypt achieves 3.9% growth in first half of fiscal year, prime minister says
Egypt achieves 3.9% growth in first half of fiscal year, prime minister says

Recommended

World
Why Pope Leo XIV’s message of peace and unity resonates in the Middle East
Why Pope Leo XIV’s message of peace and unity resonates in the Middle East
Media
‘It’s a no-brainer to go where the progress is,’ Fortune editor-in-chief tells Arab News ahead of Riyadh summit on women in business
‘It’s a no-brainer to go where the progress is,’ Fortune editor-in-chief tells Arab News ahead of Riyadh summit on women in business
Middle-East
How Israel’s forced school closures are placing Palestinian students in limbo
How Israel’s forced school closures are placing Palestinian students in limbo

Search form

Print Edition
Read pdf version Subscribe now
© 2025 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.