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Backbase Middle East Awarded the Best User Experience Solution Provider Award

June 13, 2021:  Backbase, the Engagement Banking platform provider, has won the award for the ‘Best User Experience Solution Provider’ at the MEA Finance Banking Technology Summit and Awards 2021. The award recognizes Backbase’s customer-centric platform approach that leverages a single technology platform to orchestrate the entire customer journey across multiple devices and touchpoints. Recognizing that customers today have gone digital, expecting personalized, enhanced, and seamless experiences at every step of their journey, Backbase empowers banks and financial institutions to take full control of customer engagement across their entire financial lifecycle. Backbase’s Engagement Banking Platform delivers ready-to-go capabilities that instantly transform the digital experience for customers as well ......read more

“KPMG Private Enterprise” Launches Debut Competition for Saudi's Top Tech Innovators

1. Following the success of British edition, the competition has been expanded to 16 countries, including UAE, Saudi Arabia 2. Inaugural Saudi edition by KPMG Private Enterprise Tech Innovator competition will hunt Tech Innovators of Today; Titans of Tomorrow, in the Kingdom 3. KPMG Private Enterprise global network for Emerging Giants   Riyadh, Saudi Arabia – June 2, 2021:  KPMG is looking for Saudi Arabia’s top tech innovators who are poised and prepared to become tech titans with the launch of Saudi edition of the “KPMG Private Enterprise Tech Innovator Competition”, with the tagline – Tech Innovators of Today; Titans of Tomorrow.   Following the success of KPMG’s “Best British Tech Pioneer”, which has crowned innovators such as Echo Health and ......read more

EZVIZ Smart Home Sensor Kit Receives the Prestigious iF Design Award for Refreshing the Connected Smart-Life Style with Refined Product Design

EZVIZ thoughtfully designed its winning Smart Home Sensor Kit to empower intelligent homes through innovative and interoperable technologies. Saudi,  May 30, 2021:  EZVIZ, a global leading brand in smart home security, has reaffirmed its unparalleled innovation capacities by winning the iF Design Award 2021. The EZVIZ Smart Home Sensor Kit, which is among the very few sensor systems awarded this year, receives high recognition for integrating advanced technologies with effective product designs. An integrated security solution at its core, the Home Sensor Kit provides real-time detection against home invasion, gas and water leaks, and fire hazards, and blends in gracefully with any modern home environment. “The iF Award speaks to our dedication to original, user-centered design, which has formed the ......read more

New Cisco Research Reveals Collaboration, Cloud, and Security are IT's Top Challenges in EMEAR

IT leaders in the region are adapting to new challenges by prioritizing digitzation, with collaboration, cloud and security more crucial than ever before   News Summary:   • Report identifies core priorities essential to IT and digital transformation success including: focusing on security and collaboration for a hybrid workforce, delivering the best end-user experience, driving innovation and security in a cloud-first world, and leveraging technology to invest in employees and tackle societal issues. • To address these challenges, 50% of IT decision makers are investing network security, 49% in cloud applications, 44% in cloud security, and 40% in multi-cloud infrastructure in 2021-2022. • Read the full report.   Al Riyadh, Saudi Arabia, 24 May 2021 — According to Cisco’s ......read more

BinDawood Holding Reports 8.2% Sequential Increase in Net Profit in Q1 2021

Expecting Quarterly Sequential Growth throughout 2021   BinDawood announces a 10-store expansion in Riyadh province     Jeddah, Saudi Arabia - 10, May 2021  [TBD]– BinDawood Holding Co. (Tadawul: 4161 and the “Company”), one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia (‘KSA’), today reported its first quarter 2021 financial results.   Financial Highlights    (SAR M) Q1 2021 Q1 2020 % Up / (Down)   Q4 2020 % Up / (Down) Revenue ......read more

Shaker Reports SAR 4.5 Million Net Profit in Q1 2021; Year-on-Year Revenue Growth of 30.5%

• Q1 net profit of SAR 4.5 million compared to net loss of SAR 3.3 million in 2020 • Q1 revenue of SAR 288.3 million improved by 30.5% from 2020 • Earnings per share improved to SAR 0.10 • Shaker and LG have deployed robotics technology at Saudi manufacturing facility    Riyadh, Saudi Arabia, 6 May 2021: Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker” or the “Company”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the 3-month period ended 31 March 2021. Shaker achieved revenue of SAR 288.3 million, growing by 30.5% compared to Q1 2020, and by 46.7% compared to the previous quarter. Gross profit of SAR 57.6 million increased by 16.8% year-on-year. Shaker’s Q1 ......read more

Saudi Arabia to Significantly Reform Kingdom's Education System through its Human Capital Development Vision Realisation Program

Education sector offers an abundance of opportunities for operators, developers and equity investors alike. 05, May 2021, Dubai, UAE:  Knight Frank has released its Saudi Arabia 2021 Education report which focuses on the four key segments of education: Pre-primary education, Primary and secondary education, Tertiary education and Technical and vocational training. The education sector in the Kingdom of Saudi Arabia is undergoing rapid transformation at all stages of education, especially as policies stemming from Saudi Vision 2030 are put into play. Incredibly, the Kingdom's schoolgoing population is almost three times that of the rest of the GCC and with the growing interest towards private education, as well as a higher acceptance of foreign curricula, it creates a compelling case to invest in the education space of ......read more

Saudi Arabia's Agricultural Development Fund Chooses Oracle Cloud Applications to Scale Operations in the Kingdom

Digitization initiative will enable Saudi credit provider to utilize real-time agricultural data to improve support for farmers and innovate new services Saudi — May 4, 2021:  Oracle today announced that the Agricultural Development Fund (ADF) of Saudi Arabia will automate its core finance, procurement and HR functions with Oracle Fusion Cloud Applications Suite. The implementation will help ADF drive data integration across the organization, reduce operational costs, and develop a secure, scalable IT infrastructure to help support the fund’s rapid expansion and innovation of new services. ADF is the Saudi government’s principal credit institution specialized in financing agricultural activities in Saudi Arabia. The fund also works to develop the country’s agricultural sector through scientific and ......read more

Cisco Ranks Number 1 on List of KSA's Greatest Workplaces



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Saudi Arabia's SISCO reports Q1 2021 net income growth of 21.4%

• Q1 revenues increased 51.6% y-o-y, excluding accounting construction revenue • Strong performance by ports and logistics segments drive top-line growth • Net income grew 21.4% y-o-y, with earnings per share improving to SAR 0.40     Jeddah, Saudi Arabia, 2 May 2021: Saudi Industrial Services Company (“SISCO”, the “Company” or the “Group”), Saudi Arabia’s leading strategic investor in ports and terminals, logistics parks and services, and water solutions, has announced its financial results for the 3-month period ended 31 March 2021. The following analysis and commentary on revenue growth and margins excludes accounting construction revenue, which has no impact on gross profit or net income.   First quarter revenue (excluding accounting ......read more

Virgin Mobile KSA Celebrates Earth Day and Removes 100% of Single-Use Plastic From Its Operations

• Achievement forms part of the brand’s commitment to eradicating single-use plastic from its MEA operations  • The mobile telecommunications leader also announced a review of its carbon footprint in Saudi Arabia by end of 2021Sustainability goals reflect the brand’s global commitment to be a responsible corporate citizen • Over 50 tonnes of single-use plastic have already been eliminated since 2017   22, April 2021:  In a major move towards realising its local and regional sustainability ambitions, Virgin Mobile Saudi Arabia has eliminated all single-use plastic from its operations across the Kingdom.    The achievement marks Virgin Mobile Saudi Arabia’s local efforts in support of Virgin Group’s wider aspirations to boost its sustainability ......read more

Saudi Payments Launches Instant Payments System ‘sarie' in Cooperation with IBM and Mastercard

The system aims to increase non-cash transactions in the Kingdom, supporting “Saudi Vision 2030” RIYADH, Saudi Arabia, April 21, 2021 – Saudi Payments, under the supervision of the Saudi Central Bank (SAMA) announced the launch of Saudi Arabia’s instant payments system ‘sarie’ in cooperation with IBM (NYSE: IBM) and Mastercard (NYSE: MA), the leading technology company in the global payments industry. This collaboration marks a key milestone for payments innovation in the region and is aligned with Saudi Payments’ aim to improve the Kingdom’s financial ecosystem, mainly through the adoption of faster payments and improvements to banking reconciliation. Today, ‘sarie’ supports all Saudi banks across the Kingdom and is available for use by their customers.   The ......read more

Deloitte Middle East's KSA Hospitality Market Report: An Overview of 2020

21 April, 2021 — Deloitte Middle East Financial Advisory launched the Kingdom of Saudi Arabia (KSA) Hospitality Market report which provides an overview of the hospitality market in 2020 and compares the performance on regional and global levels.     The COVID-19 crisis impacted the hospitality sector in an unprecedent manner resulting in falling performance metrics across all key cities in Saudi Arabia. Its recovery is dependent on the roll out of vaccines to restore traveler and guest confidence and will likely accelerate with the completion of some of the major announced leisure and entertainment projects.   Robin Williamson, Head of Real Estate, Deloitte Middle East, said, “The KSA hotel market has experienced a major shock and has had to adapt during a very difficult period, however the ......read more

Lilly Saudi Names New Additions to Board of Directors

Saudi Arabia,  April 15, 2021 – Eli Lilly Saudi Arabia, a leading pharmaceutical company, has announced the appointment of Dr. Mustafa Al Jawadi and Dr. Ahmed J. Al Buraidi to its Board of Directors in Saudi Arabia as of March 2021.  Dr. Ahmed J. Al Buraidi is a seasoned professional executive with over 24 years of experience in the pharmaceutical industry managing all aspects of corporate and government affairs in Saudi Arabia. Holding a Bachelor of Pharmacy from King Saudi University, Al Buraidi joined Lilly in 1997 as Regulatory Associate, before being promoted through the ranks to Director – Scientific Office and Governmental Affairs.  Joining Lilly in 2018, Dr. Mustafa Al Jawadi is a veteran of the pharmaceutical industry with almost two decades of professional experience working across numerous ......read more

Saudi Aramco's Profit Halved in Two Years, Market Cap $210B Below Apple's

April 14, 2021:   Even before the pandemic, the oil and gas industry was faced with slumping prices. However, with a record collapse in oil demand amid the lockdowns, the COVID-19 crisis has further shaken the market, causing massive revenue and market cap drops for even the largest oil companies. According to data presented by Finaria.it, the net income of the world's biggest oil producer and one of the largest publicly listed companies, Saudi Aramco, dropped to $49bn in 2020, a 55% plunge in two years. The COVID-19 Crisis and Oil Price War Cut Profits by Almost $40B in a Year In preparation for its IPO, which took place in December 2019, Saudi Aramco had published 2018 profits. With a net income of $111.1bn, Saudi Arabia's state-run oil giant ranked as the most profitable publicly listed company in the ......read more

Saudi Arabia Viewpoint: Taxing Dividends, Boosting Investments

Key takeaways    •        Incentives are key to support the US$2.7trn 10-year domestic investment program, but a funding gap constrains implementation. •        Past precedents suggest the Shareek program could be a highly beneficial scheme to banks if the terms are right. •        Saudi Aramco could maintain dividends for minority shareholders while limiting government dividends to support investments.     Macro - investment program puts focus on diversification   We estimate the overall investment program announced by the authorities aims to increase domestic non-central government investments from the SAR4trn (US$1.1trn) level realized over 2009-2018 to SAR10trn (US$2.7trn) over the next decade, an ambitious ......read more

The Journey Through Time Masterplan Marks a Major Step in Protecting and Sharing the AlUla Cultural and Heritage Site With the World

Saudi - April 08, 2021:  Five unique districts, connected by a 20km-long public realm called the Wadi of Hospitality, will protect 200,000 years of natural and human history across the 20km-long core historical area of AlUla, a unique cultural landscape located in north-west Arabia, encompassing a wadi (seasonal river valley) and culminating in the Nabataean city of Hegra, a UNESCO World Heritage Site.   The first masterplan in a series for AlUla is conceived as a Living Museum and includes 15 new cultural assets, a 9km rejuvenated Cultural Oasis, 10 million square meters of green and open spaces, and a 46km low-carbon tramway, while contributing to AlUla’s hospitality offer with 5,000 additional hotel keys. AlUla, Saudi Arabia, 7 April 2021: His Royal Highness the Crown Prince Mohammed bin Salman, Chairman ......read more

BinDawood Holding's FY2020 proves resilient as it reports 6.8% rise in net profit to SAR 447.7M

Jeddah, Saudi Arabia -  29 March 2021:  BinDawood Holding Co. (Tadawul: 4161 and the “Company”), one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia (‘KSA’), today reported its fourth quarter and full year 2020 financial results. Financial Highlights      FY2020 (SAR M) FY2019 (SAR M) % Up / (Down) Revenue 5,156.5 4,843.8 6.5% Gross Profit 1,671.9 1,644.5 1.7% Operating Profit 514.6 518.3 (0.7)% Net ......read more

SolarWinds Head Geeks to Discuss Next Normal Network Improvements Needed at Cisco Live! 2021

Company to showcase IT monitoring tools NetPath, PerfStack, and Orion Maps    March 24, 2021:  SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced its participation at the Cisco Live!® global digital event, March 30 – April 1, 2021. The company will showcase three key IT monitoring tools—NetPath™, PerfStack™, and Orion® Maps—beneficial to monitoring newly implemented technologies as part of the IT response to support distributed and remote workforces precipitated by COVID-19 and provide recommendations and guidance on how to best leverage their usage moving forward.     "The events of last year brought unprecedented changes across the globe in 2020, especially to how business and IT teams ......read more

Abdullah Al-Othman Founder and Chairman, geidea

Saudi - March 22, 2021:   Abdullah Al-Othman is the founder and chairman of geidea, a leading and fully licensed payment service provider offering digital payments solutions. In his role, Abdullah is highly committed to achieving geidea’s vision of providing accessible, affordable and customer-centric payment solutions for everyone. As one of Saudi Arabia’s prominent and promising young business leaders, Abdullah’s career began in the world of real estate in 2008. Driven a long-running passion for all things digital, Abdullah’s initial success in the kingdom’s real estate sector enabled him to invest in a new fintech venture, geidea, in 2011.  Initially launched with the goal of increasing the efficiency and availability of digital payment channels in the Saudi market, geidea began by ......read more

News Direct and Media OutReach Form Distribution Partnership for Asia Pacific and America*

Two Industry Disruptors Share Their Strong Distribution to Benefit Global Clients March 22, 2021:   News Direct and Media OutReach - two newswires that are revolutionizing the news distribution industry with advances in technology, analytics, security and workflow - have entered into a reciprocal press release distribution arrangement covering the United States and Asia Pacific region. Media OutReach clients will benefit from News Direct's full-fledged access to The Associated Press distribution network in the US, which includes the nation's leading newspapers, magazines, radio and television stations, and online sites. Additionally, releases are posted to AP's popular app and apnews.com, the news agency's heavily trafficked consumer-facing site. News Direct's geographic distribution ......read more

Shaker Reports SAR 10.1 Million Net Profit in first Profitable Year Since 2016; Annual Revenue Growth of 5.6%

• Breakthrough Program, completed in 2020, had significant impact on top- and bottom-line results   • 12M net profit of SAR 10.1 million compared to net loss of SAR 50.9 million in 2019 • 12M revenue of SAR 932.7 million improved by 5.6% from 2019 • Earnings per share improved to SAR 0.15 • Agile response to Covid-19 and economic recovery drove growth    Riyadh, Saudi Arabia, Sunday 22 March 2021: Shaker (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its first profitable year since 2016. Financial results for the 12-month period ended 31 December 2020 showed full-year revenue of SAR 932.7 ......read more

KSA Leads by Example in CSR Adoption and Integration

Cicero & Bernay Public Relations and YouGov publish the first regional CSR survey report, ranking KSA second in adoption and integration of CSR in businesses   March 22, 2021:  The Kingdom of Saudi Arabia (KSA) has emerged as one of the foremost countries in adoption and integration of corporate social responsibility (CSR) practices, as per the findings of the first annual MENA CSR Survey Report 2020, conducted by Cicero & Bernay Public Relations (C&B), a leading regional communication agency, in partnership with YouGov, an international research and data analytics group. The C&B YouGov report identified the use and implementation of CSR across select countries in the GCC, Levant, and North Africa. UAE, KSA, and Egypt took the lead, with Saudi Arabia proving to be a frontrunner in adopting CSR as a ......read more

Bybit Adds ADA, DOT and UNI to Its USDT Margined Offerings

SINGAPORE - Media OutReach - 18 March 2021 - Cryptocurrency derivatives exchange Bybit has announced today the arrival of three new USDT trading pairs with Cardano's ADA, Polkadot's DOT and Uniswap's UNI.   The introduction of these new trading pairs is the second expansion of Bybit's markets in as many weeks, following the arrival of BTCUSD0625 futures contract on March 11. ADA/USDT, DOT/USDT and UNI/USDT join the existing linear perpetual trading pairs of BTC/USDT, ETH/USDT, LINK/USDT, LTC/USDT, XTZ/USDT and BCH/USDT, as well as Bybit's inverse perpetual and futures markets.   Traders will be able to select between 1-25x leverage on these new contracts. USDT-margined linear contracts allow traders to use the stablecoin Tether (USDT) as collateral, so they can profit from the volatility while limiting ......read more

News Direct and Media OutReach Form Distribution Partnership for Asia Pacific and America

Two Industry Disruptors Share Their Strong Distribution to Benefit Global Clients 18 March 2021:  News Direct and Media OutReach - two newswires that are revolutionizing the news distribution industry with advances in technology, analytics, security and workflow - have entered into a reciprocal press release distribution arrangement covering the United States and Asia Pacific region.   Media OutReach clients will benefit from News Direct's full-fledged access to The Associated Press distribution network in the US, which includes the nation's leading newspapers, magazines, radio and television stations, and online sites. Additionally, releases are posted to AP's popular app and apnews.com, the news agency's heavily trafficked consumer-facing site.   News Direct's geographic distribution ......read more

Shaza Makkah Announces the Appointment of Bassam Khanfar as General Manager

Saudi - March 10, 2021:    Shaza Makkah, the 5-Star hotel among the first in line hotels in Jabal AlKa’bah to Al Masjid Al Haram, announced the appointment of Bassam Khanfar as the new General Manager. Bringing a wealth of skills and multi-dimensional expertise with decades of experience, Bassam Khanfar joined Shaza Makkah holds a degree in Banking and Finance, as well as a Masters Certificate in Hospitality Management from Cornell University. Khanfar has extensive experience within the GCC region having worked with several leading brands most recently Rotana Hotels. He also enjoys extensive relevant experience where he worked in the hospitality sector of the Holy City of Makkah since 2009. Shaza Hotels know Bassam from his days in Kempinski Hotels in Jordan where he worked as a Director of ......read more

Henkel Delivers Overall Robust Performance in Fiscal 2020 Despite Substantial Impact From Covid-19 Pandemic

 Balanced portfolio, strong innovations, financial strength, and dedicated team as key enablers for robust business performance in a global crisis  2020 results at upper end of full-year guidance: - Group sales reach 19.3 billion euros, organic: -0.7 percent - EBIT margin* at 13.4 percent, -260 basis points, corresponding to an operating profit* of 2.6 billion euros - Earnings per preferred share (EPS)*: 4.26 euros, -17.9 percent at constant exchange rates   Very strong free cash flow of 2.3 billion euros, net financial position significantly improved  Proposed dividend on prior-year level: 1.85 euros per preferred share  Implementation of agenda for purposeful growth on track, clear roadmap for further execution in 2021 and beyond   Outlook for ......read more

KPMG Survey: Saudi Female Business Leaders Poised for Growth

News Highlights:  • International Women’s Day  • Survey covered 675 female leaders from 52 countries • 47% of Saudi female leaders do not expect Covid-19 to slow down progress on diversity and inclusion • 92% of global and 80% of Saudi female leaders say we are still a long way from gender diverse boards and management teams    March 07, 2021:    KPMG’s Female Leaders Outlook 2020 is being published in Saudi Arabia for the first time. The survey, conducted in 2020, covers 675 female leaders from 52 countries, including 25 from Saudi Arabia.   The initial results of the survey were released in October 2020 at the Women 20 Summit (W20) — the official G20 engagement group on women which took place in Saudi Arabia. The W20 communique that was ......read more

Fahad Alanazi named General Manager, IBM Saudi Arabia

RIYADH, Saudi Arabia/March 3, 2021/ --IBM (NYSE: IBM) announced today that Fahad Alanazi has joined IBM as General Manager of IBM Saudi Arabia.  “I am privileged to join IBM and lead its business in Saudi Arabia,” says Alanazi. “Technology is a core component of the Kingdom's Vision 2030. By leveraging IBM's hybrid cloud and AI solutions, services and our ecosystem partners, IBM is positioned to accelerate our clients’ digital transformation journeys and support Saudi Arabia’s Vision.” “Alanazi is a highly respected transformational leader and brings strong knowledge and expertise of the Saudi market. I am confident that his perspective and experience will be an asset to IBM and our clients,” said Hossam Seif El-Din, General Manager, IBM Middle East and Pakistan. ......read more

Cisco Small Business Partner Summit to Explore Growth Opportunities Across MEA

Changing Market Conditions and Strategic Priorities for the Sector to be Showcased During Regional Event Riyadh, KSA, 2 March 2021 – Cisco’s Small Business Partner Summit is taking place virtually this week, outlining the importance and growth potential of the small business sector across the Middle East and Africa. Small businesses account for 44% of all IT spending and continue to outpace traditional enterprise growth. On Tuesday 2nd March, summit attendees will be provided with insights into Cisco Designed – a tailor-made portfolio which delivers simple, secure and flexible products, available at competitive price points to help small businesses to thrive.  Participants will also learn about Cisco’s Partner Programs, incentives and rewards to expand their own business offerings, while ......read more

AMAALA Signs MoU With the Saudi Federation for Cyber Security, Programming and Drones

AMAALA and Saudi Federation for Cyber Security, Programming and Drones to work on joint initiatives related to drones, programming, and artificial intelligence   Chief Executive Officer at AMAALA, John Pagano                        Chief Executive Officer of The Saudi Federation for Cybersecurity, Programming and Drones, Muteb Alqany   March 01, 2021:   AMAALA, the ultra-luxury development located along Saudi Arabia’s north western coast, has signed a Memorandum of Understanding (MoU) with the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP). The signing will pave the way for the adoption of innovative and emerging technologies within the fields of drones, programming, and artificial Intelligence at AMAALA and marks a ......read more

#TogetherForOurPlanet: British Embassy Riyadh Launches Social Media Campaign to Encourage Action Against Climate Change

Following Saudi Arabia’s G20 Presidency last year, and ahead of COP26, the UN’s Climate Change Conference in Glasgow in November, the British Embassy in Riyadh is asking all of society to make a change #TogetherForOurPlanet Saudi Arabia, Riyadh - 27 February 2021:   As we recover from COVID-19, it is critical that we build back greener and more resilient, protecting the environment for future generations. Our world continues to get hotter, and climate change is a challenge for all. It is crucial that all countries and people take action to safeguard our planet. Today, the British Embassy in Riyadh launched the #TogetherForOurPlanet ćŚĒš_įĆĢį_ßęßČäĒ# campaign, calling on all of society to pledge one climate action to stop climate change.  The campaign drives awareness about the impact of human actions ......read more

Cisco Reveals Top Cybersecurity Threats of 2020*

Defending Against Critical Threats Report identifies migration to remote working and evolution of ransomware as key contributors towards diverse criminal activity Riyadh, KSA, 17 February 2021 – Cisco has revealed the findings of its Defending Against Critical Threats Report, noting changes in criminal activity during 2020 and new methods of exploitation, arising as a result of the pandemic. During a year in which transitioning to digital infrastructures became essential for all, Cisco explores the ongoing complexity and evolution of cyber threats, to inform organizations and empower stronger decision-making.  Increased Vulnerabilities with Remote Working Cisco Umbrella – a cloud-driven Secure Internet Gateway – examined traffic running through its DNS servers, identifying mid-March 2020 as a peak ......read more

Saudi Arabia Set to Become the Next Cloud Computing Hub as Major Leaders Share Their Vision at World Cloud Show – KSA

Endorsed by Saudi Cloud Computing Association, World Cloud Show is gearing up to virtually connect the most influential voices in the Saudi's cloud space this March. Notable speakers include the likes of Fahad A Alhamed, Dr Fatmah Ba Othman, Badar Khan & more. Saudi Arabia, Feb 14, 2021:   Having hosted multiple high-level conferences across the globe, World Cloud Show (WCS) has established itself as the one of the world's biggest and elite cloud show series. While it has proven itself as the quintessential cloud event, World Cloud Show has a reputation of getting global experts, investors, and cloud entrepreneurs all under one roof consistently, edition after edition. Taking place on 29 March 2020, World Cloud Show - KSA is endorsed by Saudi Cloud Computing Association. With Oracle as the headline ......read more

Saudi Arabia's Public Investment Fund Anchors NBK Capital Partners' Private Lending Fund

 Targeted US$ 300 Million Shari’ah Credit Opportunities Fund to Invest in Saudi Arabia, UAE and Select MENA Countries    Riyadh, KSA – 10 February 2021:  NBK Capital Partners has announced the successful first closing of a targeted US$ 300 million Shari’ah credit fund anchored by Saudi Arabia’s Public Investment Fund and other institutional investors.    NBK Capital Partners employs a pioneering strategy for flexible, long-term direct lending launched in the wake of the global financial crisis to meet the financing needs of mid-sized firms unable to secure attractive financing terms. The new fund will provide flexible capital solutions to mid-market companies in the Middle East and build on the impressive track-record of credit investments achieved since ......read more

Government's Focus on Balancing growth and stability to buoy KSA property market, says JLL

JLL releases KSA 2020 Year in Review Report Riyadh, KSA, 27 January 2021 – While much of 2020 was prioritizing the response to COVID-19, Saudi Arabia remained focused on growth and stability, long-term economic sustainability, diversification and an enhanced quality of life for its people, according to JLL’s KSA 2020 Year in Review report released today.  This was especially evident in the SAR 990 billion (USD 264 billion) budget for 2021, which emphasized health and social development, as well as education spending, with each allocated SAR 186 billion and SAR 175 billion respectively “Even though there are sectors in KSA’s property market which remain challenged as a result of COVID-19, the government is looking beyond the implications of the pandemic by continuing to support a number of ......read more

Arab Megastar Hussain Al Jassmi and Pepsi® Pay Tribute to Saudi Arabia in New Ode to Kingdom

Saudi -  January 24, 2021:   As a long supporter of creative talent and artistic expression, Pepsi® is proud to collaborate with the Arab world’s renowned singer, Hussain Al Jassmi. The partnership will see the launch of a new song called ‘Hay Hal Sot’ composed by the talented singer himself and written by Saudi Arabia’s leading poet and literary icon, Prince Badr Bin Abdul Mohsin.    Music has always been a powerful cultural indicator, the song called ‘Hay Hal Sot’ is an ode to the Kingdom – its beauty, bountiful nature, traditions and the unconditional love of its people. “Hay Hal Sot” is a celebration of the region’s diverse talent and rich culture, bringing people together to experience the musical canvas of Saudi – the old and new beat ......read more

Latest PGA Tour Winner Kevin Na Joins Strong American Contingent vying for 2021 Saudi International powered by SoftBank Investment Advisers Title

Strong list of partners gather in support of third edition; SoftBank Investment Advisers, Ministry of Sport, Public Investment Fund, Aramco, King Abdullah Economic City (KAEC),  SAMBA,  Saudia,  Invest Saudi, Sky Prime, GIB, STC, Rolex, Saudi Cargo, Saddik & Mohamed Attar, UMA Premium,  Mix FM,  Nova, Adidas, Al Laith, Luxury Carts, Reza Hygiene and Royal Greens Golf & Country Club. 19 January 2021:  Five-time PGA Tour winner Kevin Na, who won the PGA Tour’s Sony Open in Hawaii on Sunday, is the latest American star to enter the 2021 Saudi International powered by Softbank Investment Advisers, Royal Greens Golf & Country Club, 4 – 7 February 2021. The third edition of the Saudi International powered by Softbank Investment Advisers sees the strongest field gathered in ......read more

Golf Saudi CEO Hails Neom & the Line as a Future Global Golf Destination

Majed Al Sorour, CEO of Golf Saudi also confirmed preparations for February’s Saudi International powered by SoftBank Investment Advisers are now complete Saudi - January 18, 2021:   Ahead of the third edition of the Saudi International powered by SoftBank Investment Advisers, Golf Saudi CEO Majed Al Sorour has hailed the revolutionary launch of The Line — a 170-kilometer, zero-carbon, urban-development project, which will see several hyper-connected communities incorporated into one city, becoming the Kingdom’s most ambitious project to date. Commenting on the project Al Sorour said: “His Royal Highness, the Crown Prince, Mohammed Bin Salman’s announcement of The Line, as well as other great projects that have preceded it, including NEOM, will be a blessing for world tourism and ......read more

IHG® Signs Agreement for Holiday Inn Jeddah Corniche

Signing continues accelerated growth of the Holiday Inn brand across Saudi Arabia  Al Riyadh, Saudi Arabia, January, 17, 2021:  IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a Management Agreement with Saleh Alsalamah and Partner Companies, to open Holiday Inn Jeddah Corniche. Having signed Holiday Inn Riyadh Al Malaz last year with the same partner, this latest development is part of IHG’s dedicated efforts to increase its midscale portfolio in the region. Once completed, Holiday Inn Jeddah Corniche will be IHG’s third Holiday Inn hotel in Jeddah, joining Holiday Inn Jeddah Gateway and Holiday Inn Jeddah – Al Salam. Expected to open in January 2022, the 156-room property will be strategically located behind the corniche road, near Jeddah Waterfront, ......read more

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Ogilvy Names James Kinney as Global Chief Diversity, Equity & Inclusion Officer and Chief People ...…

January 17, 2021:   Ogilvy announced today that James Nicholas Kinney has been appointed Global Chief Diversity, Equity & Inclusion Officer and Chief People Officer for North America.  In North America, James will oversee all aspects of talent management, recruitment, learning & development, and wellbeing working with Jag Dhanji, who was recently appointed Global Chief ......read more

World Gold Council ETF 2020 Report and Gold Outlook 2021…

The World Gold Council has released its Gold Outlook 2021 as well as its ETF Flows report for December (and the full year 2020).   The 2021 Outlook envisages another well supported year for gold investment (after finishing 2020 up 24%), while consumption should benefit from the nascent economic recovery, especially in emerging markets.    The report includes analysis ......read more

Samsung Introduces Latest Innovations for a Better Normal at CES 2021…

Samsung enhances the home experience with products like Samsung Bespoke 4-Door Flex,  110-inch MICRO LED, and JetBot 90 AI+. Continuing sustainability efforts, Samsung announces Galaxy Upcycling at Home  and expansion of eco-packaging for TV products in 2021   January 12, 2021:  Samsung Electronics Co., Ltd. shared its vision for the future at the 2021 ......read more

Cisco Reveals the Top 6 Tech Trends for 2021 and Beyond…

From a greater adoption of sensors to a password-less future and closing the digital divide, 2021 will accelerate technologies that allow for more agility, resilience, and innovation 06  January 2021:  Cisco has revealed the top tech trends for 2021 and beyond with technologies that enable businesses to be more agile, resilient, and better prepared for unexpected challenges coming to ......read more

Cisco's Duo Security Report Shows Shift to Remote Work is Accelerating Digitisation…

• Analysis of millions of corporate users, devices and applications details security consequences of massive change in how we work • Influx of Bring-Your-Own-Device (BYOD) causes 90% spike in out-of-date devices attempting to access business apps • Cloud adoption to surpass use of on-premises applications by 2021   KSA, Riyadh, 24 December 2020: A new report ......read more

Viktor Hovland and Tony Finau, join stellar 2021 Saudi International powered by SoftBank Investment ...…

Europeans Martin Kaymer, Matt Wallace, Bernd Wiesberger and Danny Willett join burgeoning European contingent at 2021 Saudi International powered by SoftBank Investment Advisers set to be one of the strongest events on the 2021 European Tour schedule Jeddah, Kingdom of Saudi Arabia – 23 December, 2020:    Viktor Hovland and Tony Finau are the latest top ranked international ......read more

HP Seizes Thousands of Counterfeit Products in Saudi Arabia…

HP’s Anti-Counterfeiting and Fraud Team partnered with Saudi authorities to identify and confiscate counterfeit HP toner cartridges Riyadh, Saudi Arabia, December 10, 2020 – HP’s Anti-Counterfeit and Fraud teams in the Middle East have continued to see successes in identifying and seizing counterfeit print supplies. In August 2020, the Saudi customs tackled an illicit ......read more

Middle East Records Some of the Highest Global SO2 Emissions…

● Saudi Arabia records the highest levels of emissions in the region followed by Kuwait, UAE, Iraq and Morocco ● Emission hotspots’ proximity to population centers increase public health risks   December 08, 2020:    The Centre for Research on Energy and Clean Air- CREA and Greenpeace India released their report about Ranking the World’s Sulphur ......read more

Refinitiv & Saudi Central Bank Inaugurates 12th Compliance & Anti Money Laundry Seminar in KSA…

SAUDI ARABIA - December 03, 2020:    Refinitiv and The Saudi Central Bank inaugurated today the 12th edition of the Compliance and Anti Money Laundry Seminar in Saudi Arabia.   His Excellency Dr. Ahmed bin Abdul Karim Al-Kholifey, Governor, Saudi Central Bank, and Chairman of the Anti-Money Laundering Permanent Committee, delivered a keynote speech at the opening ceremony ......read more

Golf Saudi Strikes Partnership With The Club Managers Association of Europe To Discover Future ...…

Unique educational programme tailored to support Saudi Nationals career pathway in, and through golf Riyadh, Kingdom of Saudi Arabia, 29 November 2020:  Golf Saudi and the Club Managers Association of Europe (CMAE) have signed an ambitious new partnership which will see both organisations work together to roll out a multi-level, certified Arabic language educational programme, the first ......read more

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