Business & Money | Thursday 29 July, 2021 9:57 am

Wa’ed Selects HES FinTech as Software Vendor

Wa’ed, the entrepreneurship arm of Aramco, has signed a contract with HES FinTech lending software provider to automate financial operations at the company.About the projectWa’ed is an entrepreneurial support center, providing end-to-end assistance to boost Saudi-based start-ups, including...

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Business & Money | Thursday 29 July, 2021 2:30 am

KPMG: ‘Digital Blended Learning’ to Transform Education Method

KPMG’s latest publication on education presents a digital blended learning approach as a model to transform the learning ecosystem. The study identifies the technologically integrated education as an opportunity to take a large step forward and shape the future that our children, society and the...

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Business & Money | Wednesday 28 July, 2021 1:39 am

Red Hat Extends Red Hat Enterprise Linux 8 as a Foundation for More Secure Computing with Second FIPS 140-2 Validation

Red Hat, Inc., the world's leading provider of open source solutions, today announced the renewal of the Federal Information Processing Standard 140-2 (FIPS 140-2) security validation for Red Hat Enterprise Linux 8.2. The second FIPS certification for the Red Hat Enterprise Linux 8 platform, this...

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Business & Money | Tuesday 27 July, 2021 5:33 am

Tabuk companies go green in search of business with NEOM

Saudi Arabia in recent years has made major shifts to transform its economy into one focused on green energy. The government itself is leading the charge, setting a goal to generate 50 percent of the Kingdom’s power needs using renewable energy by 2030. NEOM, a sustainable region under...

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Business & Money | Tuesday 27 July, 2021 4:13 am

ABB to present sustainable solutions at Dubai EXPO 2020

 ABB will participate in the Dubai EXPO 2020 as an official partner of the Swedish Pavilion and showcase its leading technology in a digital and interactive way partnering with more than 100 companies and institutions. With a history of more than 130 years and Sweden as one of the birthplaces...

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Business & Money | Tuesday 27 July, 2021 1:24 am

PIF-backed Lucid Motors makes trading debut on Nasdaq

 Lucid Motors, the Californian electric vehicle (EV) carmaker majority-owned by Saudi Arabia’s Public Investment Fund (PIF), will make its trading debut on New York’s Nasdaq Global Select Market on Monday. Listed under the new ticker symbol “LCID”, the listing came about following ...

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Business & Money | Monday 26 July, 2021 9:22 am

LuLu expands presence in Eastern Province with new outlet in Dammam

Leading retailer LuLu further strengthened its presence in the Eastern Province of Saudi Arabia with the grand opening of its new express store in the heart of Dammam, located at Jalawiya Plaza. With the launch of a new outlet, LuLu's branches in the Kingdom have risen to 22 and 211...

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Business & Money | Sunday 25 July, 2021 12:57 pm

4th edition of Intersec Saudi Arabia rescheduled to return in 2022

Month of September confirmed for Kingdom’s premier security, safety and fire protection trade fair Riyadh, Saudi Arabia: Intersec Saudi Arabia, the Kingdom’s largest trade fair for security, safety, and fire protection, has been rescheduled to take place in September 2022, the show’s...

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Business & Money | Sunday 25 July, 2021 2:34 am

Fintechs to drive M&A in Saudi banking sector — KPMG

 The rise of financial technology companies in Saudi Arabia will stimulate merger and acquisition activity in the coming years, according to global management consultancy KPMG. The fintech boom in the Kingdom has the potential to put pressure on traditional banks as the new companies...

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Business & Money | Sunday 18 July, 2021 12:08 pm

Sharjah Islamic Bank's net operating profit increased 26%, net profit 15%

  Sharjah, 17th July 2021: Sharjah Islamic Bank announced an increase in its operating profit before provisions by 25.6%, amounting to AED 417.3 million for the first six months, compared to AED 332.3 million for the same period of the previous year. Net profit amounts to AED 289.5...

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