Business & Money | Tuesday 25 May, 2021 6:43 am

Saudi tourism fund signs deal to boost investments

The Saudi Tourism Development Fund (STDF) on Monday signed two agreements with the Arab National Bank (ANB) to increase the financing of tourism projects in the Kingdom. One agreement includes the provision of joint financing mechanisms between the two parties to support tourism projects in...

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Business & Money | Tuesday 25 May, 2021 6:24 am

Mastercard welcomes NEC Payments as a Global Partner of Fintech Express

Mastercard has announced that the Bahrain-based NEC Payments is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The program supports digital payment innovators by making it simple to collaborate with the tech company and ...

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Business & Money | Monday 24 May, 2021 8:33 am

Almarai's ‘Appreciate the Blessings’ campaign hits record numbers

Almarai's awareness campaign "Appreciate the Blessings" that was launched during the holy month of Ramadan has achieved significant interactions with the target audience on social media platforms, TV channels, and websites. The campaign addressed a group of creative ideas that reflect the...

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Business & Money | Monday 24 May, 2021 8:30 am

‘Airbnb of Saudi’ raises $6m funding to expand across KSA

Gathern, a Riyadh-based startup similar to Airbnb, announced on Sunday the completion of a SR22 million ($6 million) Series A funding round headed by Saudi venture capital firm STV and supported by existing investors Vision Ventures, 500 Startups, Saudi businessman Naef Sultan AlAthel, and ARG...

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Business & Money | Monday 24 May, 2021 8:27 am

Saudization program Nitaqat gets overhaul with launch of 2nd version

The second version of Nitaqat, the Saudi Ministry of Human Resources and Social Development’s (MHRSD) Saudization program, has been launched with a goal to provide 340,000 jobs by 2024. The new Nitaqat program, one of the most important pillars of the MHRSD strategic transformation...

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Business & Money | Sunday 23 May, 2021 1:44 pm

Emirates NBD wins customer vote for Most Recommended Retail Bank in the UAE

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, was voted by consumers to win the award for the Most Recommended Retail Bank in the UAE in the Middle East at The Asian Banker's 2020 BankQualityTM Awards.   As part of its 2020...

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Business & Money | Sunday 23 May, 2021 6:28 am

GPCA to host virtual edition of 12th Supply Chain Conference

The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, will host the 12th GPCA Supply Chain Conference in a virtual format on May 26-27, 2021. The conference which will take place under the theme ‘Powering a resilient, responsive and ...

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Business & Money | Sunday 23 May, 2021 6:26 am

Al-Rajhi approves setting up ‘Science for All Society’

 Human Resources and Social Development (MHRSD) Minister Eng. Ahmed Al-Rajhi has approved the setting up of the “Science for All Society”, which is deemed the first Saudi private society of its kind. The founder and Chairman of the Board of the society Abdulrahman Al-Sultan said that...

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Business & Money | Sunday 23 May, 2021 6:24 am

Saudi-UAE Housing Council holds 4th meeting, review future projects

The Saudi-Emirati Housing Council, one of the initiatives of the Saudi-Emirati Coordination Council, held its fourth meeting in Dubai. The virtual meeting was attended by Prince Saud Bin Talal Bin Badr, under-secretary at the Ministry of Municipal and Rural Affairs and Housing for housing...

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Business & Money | Thursday 20 May, 2021 6:50 am

Sakani benefits 49,000 families under “ready units”, “under-construction” options

The number of beneficiary families from subsidized real estate loans options to buy “ready units” and “under-construction” residences exceeded 49,000 households between the beginning of the year and the end of April, 2021. This is as part of the program’s efforts to facilitate...

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