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Dubai United Arab Emirates - November 13, 2019:    The Saudi Ports Authority (Mawani) recently announced the launch of its largest integrated logistics area, Al Khomra Logistics Zone, located on the Red Sea coast of Jeddah. The zone will include primary and secondary manufacturing facilities, storage and cooling facilities, as well as food distribution centres.   Commenting on the plans for the new development in the Kingdom, Dana Salbak, Research Director MENA said:    “This is a strategic move in line with Vision 2030, and Saudi Arabia’s efforts to continue diversifying its revenues away from oil.   “Not only does this provide opportunities for occupiers and businesses to set up and expand their operations in the Kingdom, but it also opens up opportunities for investors ......read more

Saudi Arabia pension system shows positive signs in Mercer's 2019 Global Pension Index

• Eleventh annual Melbourne Mercer Global Pension Index compares 37 retirement systems • Saudi Arabia received better ratings than Japan and Italy        Riyadh, 7 November 2019:   Mercer, a global consulting leader in health, wealth and career, released the results of its 2019 Melbourne Mercer Global Pension Index survey (MMGPI) that compares pension plans across the world. According to the survey, Saudi Arabia had an overall index value of 57.1 among the countries analysed, scoring better than countries like Japan and Italy.   This year’s index edition added three retirement systems; Philippines, Thailand and Turkey, to compare a total of 37 retirement systems across the globe and covering almost two-thirds of the world’s ......read more

Shaker Group reports Q3 revenue growth of 42.5%; losses narrow by 85.7% to SAR 6.7 million

• Material impact of Breakthrough Program turnaround strategy realised by results • Third-quarter gross profit of SAR 49.1 million improved by 79.7% year-on-year • Nine-month revenue of SAR 698.7 million improved by 16.2% from 2018 • Nine-month net loss narrowed by 55.1% from 2018     Riyadh, Saudi Arabia, 7 November 2019:   Shaker Group (“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 financial results for the period ended 30 September 2019. Third-quarter revenue of SAR 247.8 million grew by 42.5% year-on-year, and at SAR 698.7 million for the nine-month period improved by 16.2% from 2018. Gross ......read more

The ITC and SOFRECOM partnership to deploy fiber network in the Kingdom of Saudi Arabia: Main achievements and ambitions 2 years after.

November 5th, 2019:   Almost two years after the announcement of their partnership to pilot the implementation and management of Outside Plant (OSP) across Saudi Arabia's regions by 2020, the Integrated Telecom Company (ITC), leader in information and communication technologies in Saudi Arabia and Sofrecom, a subsidiary of the Orange Group, specialized in Consulting and engineering in the telecommunications sector, are proud to announce that they have connected more than 400,000 households to the FTTH network.   The partnership which started in 2017 between ITC and Sofrecom, leads to sharing the experience and technological expertise of the Orange Group in the FTTH network. The detailed design and supervision of this network rollout is handled by Sofrecom. The Design methods and tool optimization proposed by ......read more

Virgin Hyperloop One and Saudi Arabia's KAUST Partner to Spur Country's Technology and Transport Development

World’s leading hyperloop company and Saudi’s renowned King Abdullah University of Science and Technology (KAUST) sign agreement during Future Investment Initiative    NOVEMBER 02, 2019:  Virgin Hyperloop One (VHO), the world’s leading hyperloop company, today announced the signing of a Memorandum of Understanding with the Kingdom’s renowned King Abdullah University of Science and Technology (KAUST).   Signed at this year’s Future Investment Initiative, one of the most significant investment conferences globally, the California-based hyperloop company and the Kingdom’s leading private research institution have committed to working together on fostering the exchange of scientific and technological knowledge to further support the development of the country’s ......read more

'Davos in the desert' implication on KSA economy - By Steen Jakobsen, Chief Economist & CIO, Saxo Bank

Answers attributed to Steen Jakobsen, Chief Economist & CIO, Saxo Bank   1- How will the “Davos in the Desert” event impact Saudi’s economy? And in which fields/sectors will it impact the most?   Saudi Arabia is running an ambitious socio-economic plan to attract investors and social change. This is in order to reduce the dependence on oil over time. This includes a big privatization program and looser regulatory framework. To promote this and get investors to see for themselves on the ground is of course a major part of Davos in the desert. The main fields of interaction are very much reflected in the impressive guest lists which classically includes CEOs from mainly banking, asset management and the political world.  Saudi Arabia is in the midst of a big privatization process which ......read more

Cesaro Relishing Mansoor Battle at Crown Jewel

Saudi - October 29, 2019:  Saudi Arabian WWE superstar Mansoor is in for the “shock of his life” when he returns to Riyadh this week – says the man who will take him on at the incredible Crown Jewel event.   Cesaro will battle Mansoor at the King Fahd International Stadium in one of the night’s biggest matches.    And as Cesaro prepares to fly into Saudi Arabia, he said: “Mansoor has come a long way in WWE and has really made a name for himself. It will be an emotional occasion for him with all his home town fans and family and friends in the audience.    “I don’t expect many cheers but that is just fine by me. I am the man that superstars like to test themselves against and Mansoor is in for the challenge of his career this Thursday. Has this come to early in ......read more

Infor Appoints Saudi Bugshan Barmaja as New Alliance Partner for Middle East & Africa

Saudi Arabian conglomerate to deploy Infor solutions to companies across the region    Riyadh, SAUDI ARABIA – Oct. 29, 2019 –  Infor, a global leader in business cloud software specialized by industry, today announced that Saudi Bugshan Barmaja Co.Ltd, the major diversified business group headquartered in Saudi Arabia, has been appointed an Infor alliance partner for the region.   As an alliance partner, Saudi Bugshan Barmaja will be deploying a range of Infor solutions including Infor LN, Infor CloudSuite Industrial, Infor CloudSuite Retail, Infor CloudSuite Healthcare, Infor CloudSuite HCM and Infor EAM (Enterprise Asset Management) solutions with an industry focus around automotive, manufacturing, distribution, retail, healthcare, education and real estate.    Saudi Bugshan was ......read more

GLOBAL AI SUMMIT set to become international focus for Artificial Intelligence

Global AI Summit will take place in Riyadh 30-31 March 2020, event is set to become the world’s leading forum for AI knowledge exchange   Riyadh, 29 October 2019:   Under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, Chairman of the Board of Directors of the Saudi Data and Artificial Intelligence Authority Saudi Arabia today officially announced the Global AI Summit, a new global-level platform to promote the development of artificial intelligence (AI) and related technologies. The Global AI Summit will take place in Riyadh on 30th-31st March 2020, and will be the leading international forum to advance AI and create knowledge sharing and interchange among global AI experts. The Summit will also highlight ......read more

Dentons boosts Middle East practice with Counsel and litigator hires in Saudi Arabia

Dentons boosts Middle East practice with Counsel and litigator hires in Saudi Arabia   Jeddah, 27 October 2019:   Dentons has expanded its practice in Saudi Arabia with the hire of experienced corporate practitioner Imtyaz Sattar who joins as Counsel and highly regarded Saudi litigator Salman Aloraifi who joins as Associate, both based in the Firm's Jeddah office. Imtyaz and Salman join Dentons from K&A in association with Allen & Overy.  Imtyaz has over ten years of experience advising on commercial and corporate, capital markets, government regulatory and joint venture matters for major international and local companies in Saudi Arabia with a particular focus on the oil and gas sector. Imtyaz is qualified in Ontario, Canada and had worked in Toronto for a number of years before moving to ......read more

CSO from US State Department and SDRPY Complete 2nd Stabilization Workshop

Workshop trained more than 80 professionals from a number of Saudi ministries and government agencies RIYADH, Saudi Arabia, Oct. 26, 2019:   A workshop focused on key challenges to stabilization operations and organized by the Saudi Development and Reconstruction Program for Yemen (SDRPY) in partnership with the U.S. Department of State's Bureau of Conflict and Stabilization Operations (CSO), and with the participation of the U.S. Embassy in Riyadh, U.S. Embassy Sana'a, USAID, and Department of Defense has concluded. Building on the activities of a workshop in April, participants discussed future stabilization programs and ways to improve international coordination of Yemen demining activities. The workshop included participants from Saudi ministries, including Defense, Foreign Affairs, Labor and Social ......read more

Embassy of Sweden in Saudi Arabia and VFS Global boost women empowerment through A Step Ahead Career Fair

Three-day fair encourages KSA women to work in key industries and fields     Saudi - October 23, 2019:   VFS Global, the world’s largest outsourcing and technology services specialist for diplomatic missions worldwide, is building on its Saudization initiatives by co-participating with the Embassy of Sweden at the ‘A Step Ahead Career Fair 2019’. The three-day recruitment related conference was held in the capital city of Riyadh from 1 to 3 October, and was endorsed by The Ministry of Labor and the Human Resources Development Fund.    As the biggest event targeted towards empowering and employing Saudi women, entities from all industries participated to encourage women to explore how they can progress their careers and contribute to the KSA leaderships’ Saudization ......read more

CCAvenue, Infibeam Avenues' payments platform, in collaboration with Riyad Bank, makes inroads into Saudi Arabia to offer digital payments

In a move aimed at spurring the growth of the e-commerce sector in Saudi Arabia, CCAvenue, the digital payment platform of Infibeam Avenues announced its collaboration with Riyad Bank to offer digital payments solution to eCommerce businesses in the country. CCAvenue.com has already established itself as a leading digital payment facilitator in India and the U.A.E. One of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East, Riyad Bank offers advanced financing solutions through its wide network of more than 340 branches. Employing more than 5,600 employees, Riyad Bank has the highest national employment rate of 93% being among the Saudi organizations. Having strong corporate and retail franchise along with decades of rich expertise, Riyad Bank is at the forefront of financing and arranging syndicated ......read more

New research to boost global date fruit production

Today on World Food Day (16 October), a team of Plant Scientists from King Abdullah University for Science and Technology (KAUST) has begun a major project to improve global date palm production and protection. This project is the first time that the date palm genome has been studied so comprehensively. Dr. Ikram Blilou, Professor of Plant Science at King Abdullah University for Science and Technology (KAUST) and her research team in Saudi Arabia have collected samples from date palms by the Quba mosque in Madinah, some of the most ancient date palms in the world. “The date palm is one of the few fruit trees that, remarkably, can grow in the desert, a habitat with an arid climate where extreme temperature changes and drought conditions limit plant growth.  “Within KAUST’s Center for Desert ......read more

Saudi Arabia's new procurement law to significantly impact companies competing for government contracts, says GlobalData

October 14, 2019:   Saudi Arabia’s new public sector procurement law which will come into effect on 29 November, known as the Government Tenders & Procurement Law (GTPL), covers all government projects and aims to streamline procurement and promote the use of local companies on public sector works.  The new law centralises tendering and contracting across government ministries and agencies, and removes the need for a full public tender for particular works and services. It also includes a provision for prioritising local companies, small and medium-sized enterprises and Saudi-listed companies over foreign companies for government contracts. Richard Thompson, Editorial Director at GlobalData, comments: "The new government procurement law will have a significant impact on companies ......read more

Saudi Development and Reconstruction Program for Yemen Delegation Meets with International Agencies in Washington, D.C.

RIYADH, Saudi Arabia, Oct. 14, 2019:   A delegation from the Saudi Development and Reconstruction Program for Yemen (SDRPY) held meetings with development agencies, research institutions and educational organizations in Washington, D.C., to discuss several SDRPY projects being implemented in Yemen. Director of Projects and Studies in the Program, Eng. Hassan Al-Attas, led SDRPY's team in wide-ranging discussions of the development projects to several international agencies, highlighting potential areas of collaboration. The U.S. Agency for International Development (USAID) was represented by Rob Jenkins, Deputy Assistant Administrator for Democracy, Conflict and Humanitarian Assistance, and Jason Foley, Deputy Assistant Administrator for Middle East. The two sides discussed means of enhancing joint ......read more

Saudi Bugshan Barmaja Co. Ltd Partners with Infor for Success

Diversified Saudi Arabian business group to deploy Infor suite to aid expansion plans with a single integrated digital platform   Riyadh, Saudi Arabia – October 14, 2019:   Infor, a global leader in business cloud software specialized by industry, today announced that Saudi Bugshan Barmaja Co. Ltd, a major diversified business group in Saudi Arabia, is digitally transforming its businesses in its home market and overseas with a new suite of Infor solutions. Saudi Bugshan Barmaja Co. Ltd opted for Infor’s solutions following a rigorous selection process that included leading competing solutions providers.   Saudi Bugshan was formed in Makkah in the 1920s as a textile business, but quickly diversified into consumer brands. It now has 30 businesses spread across 10 countries and three continents, involved ......read more

ACCIONA lays the first stone for IWP Shuqaiq-3, one of the largest desalination plants in Saudi Arabia

October 06, 2019:  ACCIONA  a leading company in the development of water infrastructure, together with co-developers Marubeni Corporation, Almar Water Solutions through Abdul Latif Jameel CDC and Rawafid Alhadarah Holding Co, celebrated the cornerstone ceremony of the Shuqaiq-3 desalination plant last Thursday.  The event was held at the Shuqaiq-3 site, located on the Red Sea coast of Saudi Arabia and was attended by several top representatives and officials from Spain including the Councillor for Economic and Financial Affairs of the Spanish Embassy in Riyadh, Mr. José Ramón Ferrandis Muñoz. José Díaz Caneja, CEO of ACCIONA Agua business line; Jesús Sancho, ACCIONA ME Managing Director and Manuel Manjón, ACCIONA Business Development Director attended as well the event.  IWP ......read more

IHG signs agreement to debut voco® in Jeddah

Signing continues accelerated growth of the voco® brand across Saudi Arabia Dubai, United Arab Emirates, 30 September 2019:  IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has signed an agreement with Nouh Mohamad Nouh and Partners Limited. for voco® Jeddah Gate. The latest signing underpinning IHG’s commitment to expand its footprint across the Kingdom. This marks the third voco® signing in Saudi Arabia in a span of 9 months and follows the recent announcement of signing of world’s largest voco® in Makkah.  Expected to open in January 2021, voco® Jeddah Gate will be IHG’s sixth hotel in Jeddah and the fifth brand from the IHG family. The 681-key hotel will occupy a premium location in the Fayhaa area within Jeddah Gate, an integrated ......read more

SANS Institute to Bring Cyber Threat Knowledge and Ethical Hacking Skills to Saudi Arabia at SANS Riyadh

Riyadh, Saudi Arabia, 28 September 2019:   SANS Institute, the global leader in cyber security training and certifications, is hosting its autumn training event in Riyadh this October, providing cyber security professionals in the Kingdom with the hands-on skills and latest tools and techniques to defend their organisations against security breaches and prevent future attacks. SANS Riyadh October will be held from the 5th to the 10th October, 2019 at the Burj Rafal Hotel, Riyadh.  Ned Baltagi, Managing Director, Middle East and Africa at SANS Institute, said: “The recent cyber attacks in the Kingdom of Saudi Arabia have shown that organisations there remain vulnerable. SANS’ courses are designed to train cybersecurity professionals in the Kingdom to defend against all kinds of attack, from sophisticated ......read more

RED Events accelerates growth in MENA with the opening of its new Saudi office

Dubai, United Arab Emirates -  September 26, 2019:   RED Event Services LLC, an event agency offering turn-key event management solutions, announced its expansion into Saudi Arabia with the launch of RED CONNECT. The ISO 9001:2015 and ISO 14001:2015 certified company based in Dubai is the region’s hub for the origination of the best practices in the event industry, with over a decade of experience in the UAE.  "RED is well-poised for regional growth, and I am excited to lead their expansion efforts," said Red Event Services LLC Managing Director Arif Ebrahim. "The event industry is a growing category in the Kingdom, and we have a tremendous opportunity to engage the government, businesses and consumers in the country. We will look to maintain our leadership position in the event industry ......read more

KhalifaSat congratulated people of KSA with a capture of the skyscraper, Kingdom Centre, image from space

September 22, 2019:   KhalifaSat, an earth observation satellite, congratulated people of KSA with a capture of the skyscraper, Kingdom Centre, image from space.  The image is 70 cm in resolution and taken from 6 degrees roll tilt angle.   KhalifaSat was fully developed at MBRSC facilities by Emirati engineers and was launched to space in October 2018. It has 5 patents and seven space innovations making it the most advanced satellite of its category in the world. KhalifaSat provides images with specifications that meet the highest international standards in space images. These high-resolution detailed images help organisations in government and private sectors get accurate data which allow them to monitor environmental changes, detect the effects of global warming, ensure responsible urban planning and ......read more

Emirates Steel to participate in the first Saudi International Iron & Steel Conference

• Emirates Steel is a Rhodium sponsor of the event, held in Riyadh between 16 – 18 September • Steel production capacities in the GCC grew to around17Mt by 2018 and expected to add another 2Mt by the end of 2020.   16 September 2019:  Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), is participating in the First Saudi International Iron & Steel Conference, of which it is its Rhodium Sponsor. At the conference, held in the King Faisal International Conferences Hall at the Intercontinental Hotel in Riyadh from September 16-18, Emirates Steel will be showcasing its extensive range of products to customers from across the GCC.   The Saudi International Iron and Steel Conference will bring leaders of the iron and steel ......read more

Intersec Saudi Arabia relocates to Riyadh

Exhibitors support move to boost key decision-maker access Kingdom’s fire safety systems & equipment market forecast for annual 5.5% growth to 2025   Riyadh, Saudi Arabia - September 10, 2019:  The 4th Intersec Saudi Arabia – the Kingdom’s largest trade fair for security, safety, and fire protection – will next year relocate to Riyadh after three successful annual runs in the nation’s red sea port city of Jeddah.    Intersec Saudi Arabia 2020, which is organised by the Saudi-based ACE Exhibitions under licence from Messe Frankfurt Middle East, will run at the Riyadh International Convention & Exhibition Center (RICEC) from 23 - 25 March and feature more than 100 exhibitors from 20 countries.    The move comes as consultancy 6WResearch forecasts ......read more

VFS Global' s Saudization Initiative Surpasses 50%; Aims to Exceed 60% by 2020

• The company’s internship initiative promotes career opportunities for Tourism majors in KSA   Riyadh, 03 September 2019:  VFS Global, the world’s largest outsourcing and technology services specialist for diplomatic missions worldwide, is welcoming Saudi talent to consider a future in the tourism sector as the country accelerates its efforts towards becoming a world-class tourist hub.    Building on its Saudization initiative, which has achieved 51% and a Platinum status under the Saudi Nitaqat program since being launched across Riyadh, Jeddah and Al Khobar in 2018, VFS Global is encouraging Saudi students to opt for career paths within the organisation as it eyes exceeding 60% Saudization by 2020.   To date, the company’s efforts have been devoted to hiring over 60 ......read more

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‘Visions for the future of Saudi Retail' to be held in Riyadh, KSA…

MECS +R Spring networking reception in Riyadh will be held on 15th of September 2019   Dubai, September 3rd 2019: The Middle East Council of Shopping Centres & Retailers (MECS+R) will be hosting ‘Visions for the future of Saudi Retail’ at the Hilton Riyadh Hotel and Residences on Sunday, 15th of September from 5:30 pm till 9:00 pm; it invites everyone who is linked ......read more

IHG invites Saudi talent to establish new brand in Saudi Arabia…

Open career day to recruit for 200 positions across two upcoming voco® hotels in KSA   Saudi Arabia, 02 September, 2019:  IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, is hosting an open career day for voco® Makkah, world’s largest voco® hotel and voco® Al Khobar on Thursday, 5th September 2019. Being organized ......read more

ThreatQuotient Set to Make its Debut at MENA ISC 2019…

ThreatQuotient to Make Threat Intelligence More Accessible to Cybersecurity Community in Saudi Arabia   Riyadh, Kingdom of Saudi Arabia – September 2, 2019:  ThreatQuotient™, a leading security operations platform innovator, today announced they will be making their first appearance at the MENA Information Security Conference (ISC) in Riyadh this year. ......read more

Blueair Strengthens its Presence in Saudi Arabia…

Appoints new distributor to promote Blueair’s best-in-class air purifiers across the Kingdom Riyadh, Kingdom of Saudi Arabia, August 6, 2019:   Blueair, a world leader in air purification solutions, today announced that it has signed on Nikai as its distributor in Saudi Arabia further expanding its reach and sales network across the Kingdom. TR Ganesh, General Manager - Middle ......read more

Silah Gulf is Official Customer Experience Partner of the Saudi Emerging Technologies Forum…

August 01, 2019:   Bahrain, Riyadh- Silah Gulf a leading, multi award winning Customer Experience solutions provider becomes the official customer experience partner of the  Saudi Emerging Technologies Forum to be held in Riyadh, KSA from 11-13th of November, later this year.   Billed as the largest R&D event in the region focused on the disruptive technologies of ......read more

Emirates NBD plans further expansion in KSA…

Bank granted SAMA approval to open 20 new branches in the Kingdom Riyadh, 21 July, 2019:   Emirates NBD, a leading banking group in the region, today announced plans for further expansion in The Kingdom of Saudi Arabia (KSA), following approval from SAMA (The Saudi Arabian Monetary Authority) to open 20 additional branches in the Kingdom. The announcement reflects KSA’s ......read more

SANS Institute to Enhance Critical and Strategic Cybersecurity Skills in Saudi Arabia…

Saudi -  02 July  2019:    Geopolitical tensions and aggressive external cybersecurity environment are driving the need for highly skilled professionals inside the Kingdom. Riyadh, Saudi Arabia, July 2, 2019: SANS Institute, the global leader in cyber security training, announced SANS Riyadh 2019, a training event for cyber security professionals in Saudi Arabia. The event, ......read more

Redtag's Ramadan Bonanza Winners…

Dubai, United Arab Emirates - 29 June 2019:  We had reached out to you pre Ramadan Bonanza campaign announcing REDTAG’s giveaway prizes for Ramadan. 14 people across the GCC have won the mega draw AED/SAR 100,000 each and the details are as below.   We would like you to cover this mega giveaway done by REDTAG.   "REDTAG’s Ramadan Bonanza brought joy to ......read more

Oracle Collaborates with Saudi Arabia's OceanX To Support Startup Growth in the Kingdom…

Riyadh, Kingdom of Saudi Arabia, 25 June 2019:  Oracle and Saudi Arabia’s leading start up consultancy firm, OceanX today signed a Memorandum of Understanding (MoU) to help Saudi entrepreneurs set up their startups and drive growth with latest digital technologies.  “Entrepreneur success is a key cornerstone of Saudi Arabia’s Vision 2030 framework and vital for the ......read more

Tenaris rebrands Saudi Steel Pipe…

Dammam, Saudi Arabia, June 25, 2019:   Tenaris, a leading supplier of tubes and related services for the world’s energy industry and other industrial applications, has announced that it will rebrand Saudi Steel Pipes (SSP), a welded pipe producer in the Kingdom of Saudi Arabia (KSA), to TenarisSaudiSteelPipes.  The decision follows the integration of SSP into the global ......read more

Global Cinema Chain, Cinépolis, Announces Six New Cinema Locations in the Kingdom of Saudi Arabia…

Cinépolis has announced that it will open 63 screens in six new cinemas across the Kingdom of Saudi Arabia The Cinemas will open in the cites of Riyadh, Jeddah, Dammam, Jazan and Najran The first of the six cinemas will open in Lulu Mall, Dammam in early 2020 Cinépolis will invest USD 300million+ in the Kingdom of Saudi Arabia over the next 3 years   Dubai, United Arab ......read more

Roman Reigns will take on Shane McMahon at WWE Super ShowDown in Jeddah…

Saudi - May 21, 2019:   What happens when your yard falls smack dab in the middle of someone else’s Universe? You dig in and fight to hold your ground, much like Roman Reigns will look to do when he takes on Shane McMahon at WWE Super ShowDown in Jeddah. Reigns made a jarring first impression during his first night on SmackDown LIVE when he straight up Superman Punched Mr. ......read more

Saudi Arabia's TAQA Drilling Subsidiary Agrees to Acquire Schlumberger's Middle East Drilling Rigs ...…

Will create a diversified, pan-regional drilling powerhouse with 58 onshore and 9 offshore rigs and decades of experience across Saudi Arabia, Kuwait, Oman, Iraq and Pakistan. Fully aligned with Saudi Arabia’s Vision 2030, the transaction expected to demonstrate TAQA’s delivery on its transformation strategies to unlock value and drive growth. Dammam, April 29, 2019 -  ......read more

UL Delivers Training to KSA Customs Officials to Fight Counterfeiting…

 UL runs full day training sessions with the customs officers at King Abdulaziz Airport and Jeddah Islamic Sea Port   Customs officers briefed on the registered Marks owned by UL  Officials were also shown counterfeit products previously seized in the region   Jeddah, 25 April 2019:  Global safety science company, UL, is helping KSA implement an ......read more

Saudi Insurance Market Sees Another Profit Decline In 2018…

Saudi Arabia, April 10, 2019:   Profitability in the Saudi Arabian insurance sector continued to weaken in 2018. The "Saudi Insurance Market Sees Another Profit Decline In 2018" report, published April 10, 2019, on RatingsDirect, details how the 33 listed re-insurance companies saw pre-tax income fall 28% last year and 55% in 2017. "We expect conditions to remain ......read more

Visa partners with Starbucks & Hardee's to help promote the use of Apple Pay in KSA and UAE…

Visa’s partnership with Starbucks and Hardee’s entitles Visa cardholders in KSA and UAE to upsize their orders for free when paying with Apple Pay  17 March 2019:   Visa (NYSE:V), the world’s leader in digital payments, today announced partnerships with Starbucks and Hardee’s to accelerate the use and adoption of Apple Pay in the Kingdom of Saudi Arabia ......read more

Apple Pay now available to Visa cardholders in Saudi Arabia…

Transforming mobile payments with an easy, secure, and private way to pay Riyadh, Saudi Arabia; 19 February 2019:  Visa (NYSE:V), the world’s leader in digital payments, today brings Apple Pay to its Saudi-based cardholders. Apple Pay allows prepaid, debit and credit cardholders to make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept ......read more

KSA survey identifies security as top concern in adopting effective intelligent workspace strategies…

IDC Survey commissioned by Citrix analyzes the Kingdom’s readiness to build the future workplace   Riyadh, Saudi Arabia – 19 February 2019: An IDC survey commissioned by Citrix (NASDAQ:CTXS) found security and data leaks to be a key concern in adopting intelligent workplace strategies. The survey results were presented at an event at the Riyadh Four ......read more

MUFG appoints Head of Corporate Banking in Riyadh…

7 February 2019, Saudi – MUFG Bank announces the appointment of Tariq Al Ghaziri as Head of Corporate Banking for MUFG’s Riyadh branch. Prior to joining MUFG in Riyadh, Tariq has held various positions at Riyad Bank for the past 15 years, most recently as Head of Corporate Finance.  Various functions, including Trade Finance, Treasury and Credit Analysis, will report into ......read more

Saudi Finance Minister to Bloomberg: 2.6% GDP Growth In 2019…

January 24, 2019:   Speaking to Bloomberg Television’s Francine Lacqua and Haslinda Amin, Saudi Arabia Finance Minister Mohammed Al-Jadaan said he expects 2.6% GDP growth in 2019.    Other highlights include: • Saudi may issue non-USD bonds this year • Looking at Euro or other currencies for bond ...read more

The Best Finance Leaders in Saudi Arabia honored at Saudi CFO Awards…

Saudi Railway Company, Fawaz A. Alhokair & Co, Saudi Telecom Company and SADAFCO among others awarded for their outstanding performance and exceptional leadership   Riyadh, Saudi Arabia, December 17, 2018:   Held alongside the 6th Annual Saudi Trade Finance Summit, organized by QNA International, at the Al Faisaliah Hotel in Riyadh, the second day witnessed the ......read more

Marafiq Powers the Growth of Saudi Arabia's Largest Industrial Cities and Initiatives with ...…

Marafiq, a utility business in Saudi Arabia, is embarking on a journey to enhance its intelligent, digital-utility enterprise using SAP SAP’s intelligent enterprise enables customer centricity, growth agility, holistic visibility, and differentiate innovation to digitize utility businesses in the Kingdom  December 17, 2018:  As the Saudi Arabian utility sector undergoes ......read more

UAE, Saudi Arabia using fintech for cross-border settlements…

December 15, 2018:  Some media have reported incorrectly that UAE and Saudi Arabia have started using digital currency for cross-border settlements which will be backed by fiat currencies of the 2 nations.  The Central Bank of the UAE (CBUAE) would like to clarify that CBUAE is working with the Saudi Arabian Monetary Authority (SAMA) on a joint project which constitutes a ......read more

2018 Business Review of Saudi Arabia…

December 10, 2018:   Saudi Arabia has experienced tremendous transformation in 2018, bouncing back from low oil prices with the largest expansionary budget and history-making reforms. King Salman’s Vision 2030 was a guiding principle for many of the country’s reforms along with Crown Prince Mohammed’s leadership has lead Saudi Arabia to modernise the Kingdom. Reviewing ......read more

INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait…

Held Under the Patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah 25 November 2018:   INJAZ Al-Arab – member of Junior Achievement Worldwide – is hosting their 12th Annual Young Arab Entrepreneurs Competition in Kuwait between November 26 and 29, 2018. The competition will see 80 students from 11 countries across MENA compete ......read more

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