Business & Money | Monday 24 July, 2023 10:46 am

Report: ‘Global scam economy’ thriving in 2023

The COVID-19 pandemic catalyzed a digital payments revolution, forever reshaping expectations. Today’s consumers demand flexible, real-time payment options throughout their digital journeys. As banks, fintechs, retailers and other businesses modernize and add apps and offerings to keep pace,...

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Business & Money | Monday 24 July, 2023 10:41 am

Alshaya Group launches new campaign to attract local talent in Saudi Arabia

With an aim to attract and retain Saudi talented women and men  to the world of retail, Alshaya Group launched a new recruitment initiative in cooperation with the Human Resources Development Fund (HRDF) in the Kingdom. This project comes as an affirmation of the company's commitment to...

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Business & Money | Monday 24 July, 2023 9:51 am

Snap Inc. continues to demonstrate the power of immersive retail with 33%+ increase in shoppers to the 2023 AR Ramadan Mall

Snap Inc. is proud to unveil a 33% increase in visitors to the second edition of its pioneering Snap AR Ramadan Mall, demonstrating the appetite for immersive retail experiences across the region. The 2023 activation, which saw collaborations with leading brands such as American Eagle, Ounass and...

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Business & Money | Monday 24 July, 2023 9:21 am

Ruwad approves funding for three projects in Q2'23

The Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), affiliated to the Sharjah Economic Development Department, has approved the financing of three projects after studying the feasibility of 15 requests for funding in various sectors between April and June.Sultan Abdullah bin Hadda...

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Business & Money | Monday 24 July, 2023 8:45 am

Bena signs SAR 75 mln credit facility with SNB

Bena Steel Industries Co. signed, on July 23, a Sharia-compliant credit facility agreement worth SAR 75 million with Saudi National Bank (SNB), the company said in a statement to Tadawul today, July 24.    ...

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Business & Money | Monday 24 July, 2023 8:42 am

Leejam co-establishes Padel X Sports firm with World Wide Padel

Leejam Sports Co. (Fitness Time) established Padel X Sports Co. (a limited liability company) with SAR 50,000 capital, in partnership with World Wide Padel.   Leejam aims to invest in Padel sports in Saudi Arabia by building and operating Padel courts. The incorporation of the new...

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Business & Money | Monday 24 July, 2023 8:40 am

Naseej Tech awards Elm SAR 4.8 mln contract

Naseej for Technology Co.  awarded on July 20 a SAR 4.77 million worth project (VAT inclusive) to Elm Co. for supplying, indexing and storing information resources in public libraries.   In a statement to Tadawul today, July 24, Naseej Tech pointed out that the project relevant...

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Business & Money | Sunday 23 July, 2023 12:55 pm

Saudi Arabia leads region in venture capital in H1 2023 at nearly about $446 mln

Saudi Arabia recorded a decline of 27% year-on-year (YoY) in venture capital (VC) to $446 million during the first six months of 2023, according to a recent report by MAGNiTT. The number of deals was also on a decline with a 44% annual retreat in H1 2023 to 54 deals. With the government...

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Business & Money | Sunday 23 July, 2023 12:38 pm

PIF Establishes Al Madinah Heritage Company to Develop and Enhance Production of Saudi Ajwa Dates

The Public Investment Fund (PIF) has announced the establishment of Al Madinah Heritage Company (“MHC” or “the Company”). The new company will play a key role in improving the quality and production capacity of Ajwa dates in the Madinah region. The launch of the Company will help further...

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Business & Money | Sunday 23 July, 2023 11:37 am

Riyadh Development Company signs sponsorship agreement with Jahez International Company

Riyadh Development Company (ARDCO) announces the signing of a sponsorship agreement with Jahez International Company for IT Services as the official Strategic Digital Sponsor of Otaiqah Dates Season. The announcement is in line with the launch of the 2nd edition of Otaiqah Dates Season, one of the...

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