Business & Money | Wednesday 27 October, 2021 12:08 am

Fashion, money, power and sustainability: Welcome to the new FII

The Future Investment Initiative Forum returned to Riyadh on Tuesday, two years after the city last hosted the event, at which powerful and affluent people from around the world traditionally gather to look for big contract opportunities. But this year, the fifth staging of the forum, is...

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Business & Money | Tuesday 26 October, 2021 9:50 am

Saudi EXIM Bank, Japan’s SMBC, Sign MoU

The Saudi Export-Import Bank and the Sumitomo Mitsui Banking Corporation (‘SMBC’) have signed a Memorandum of Understanding (‘MoU’) that would see the Japanese banking giant cooperating with Saudi EXIM with a view to providing more financial solutions to Saudi and Japanese...

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Business & Money | Monday 25 October, 2021 11:01 am

Almarai by 2025: Reducing waste to 50%..100% of cold stores will be CFC-free

Almarai's 2020 Sustainability Report revealed that by 2025, Almarai will achieve its strategic goal of reducing waste dumped in landfills across all its sectors by 50%. In addition to that, 100% of the cold stores in Almarai warehouses will be free of Chlorofluorocarbons (CFCs) to reduce global...

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Business & Money | Monday 25 October, 2021 9:20 am

Suez Canal Economic Zone is a gateway for trade between East and West

CAIRO — In line with Egypt Vision 2030, The General Authority for the Suez Canal Economic Zone is sparing no effort to contribute to driving Egypt’s economic growth by making the Suez Canal Economic Zone (SCZONE) a global investment hub and a dynamic export platform — with access to Africa,...

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Business & Money | Sunday 24 October, 2021 12:01 pm

Digital Innovations shaping the future of Kingdom’s Banking Landscape

With the rise of automation and digitization, established and reputable organizations find themselves  under great pressure, and we can see how this impacts the banking industry globally, for there has been a  great deal of change that has given banks the opportunity to reevaluate their...

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Business & Money | Thursday 21 October, 2021 12:29 pm

PIF-owned ACWA Power to become a net zero energy producer, CEO says

The head of ACWA Power, Saudi Arabia’s only listed company with ambitious renewable projects, plans to end investment in non-renewable schemes as part of the business’s commitment to reaching net zero by 2050. Speaking ahead of the Saudi Green Initiative forum that will be held in Riyadh...

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Business & Money | Thursday 21 October, 2021 12:18 pm

$250k Saudi-backed UN science award launched

A Saudi-backed global award to encourage young talents in the fields of science, technology, engineering, and mathematics has been launched at the UN.Al-Fozan Foundation, in cooperation with the UN Educational, Scientific, and Cultural Organization, and with the support of the Saudi permanent...

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Business & Money | Thursday 21 October, 2021 11:51 am

Almarai ranks fourth globally in achieving sustainability for the environment

Almarai ranked fourth globally in the list of Kantar Research Company in achieving sustainability for the environment for the year 2021. The list was issued as a joint initiative of three research companies (Kantar, Europanel, and GfK). More than 88,000 people were interviewed in 26 countries, ...

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Business & Money | Thursday 21 October, 2021 12:29 am

Saudi entrepreneur invests in Oivan, the rapidly expanding digital transformation and cybersecurity company behind NHC’s Sakani service

The digital transformation and cybersecurity consultancy Oivan announced a 9 million SAR growth funding round by the Saudi businessperson Mr. Bader Othman Alabduljabbar, Finnish tech investor TCG, and several Oivan employees participating.  Oivan expects its team to grow from 160 experts...

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Business & Money | Wednesday 20 October, 2021 1:49 pm

Hypermotion Dubai advisory member ranks UAE among world’s highest charging station-to-vehicle ratios

Dubai accounts for 80% of public charging stations underlying more awareness of EV infrastructure needed for fleet transitions The UAE is leading the Middle East and North Africa (MENA) in the adoption of electric vehicles with its charging station to vehicle ratio among the world’s highest, ...

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