Business & Money | Thursday 20 May, 2021 6:41 am

SAUDIA AND ETIHAD AIRWAYS SOLIDIFY RELATIONSHIP WITH RECIPROCAL ‘EARN AND BURN’ PARTNERSHIP

SAUDIA, the national flag carrier of the Kingdom of Saudi Arabia, and the United Arab Emirates’ national airline, Etihad Airways, announced a new reciprocal loyalty agreement, expanding on the existing codeshare deal between the two airlines. Members of the ALFURSAN and Etihad Guest...

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Business & Money | Wednesday 19 May, 2021 11:25 am

ENOC Group to open 25 service stations across the UAE in 2021

ENOC Group today announced plans to open 25 new service stations across the UAE by the end of 2021. The Group plans to build 12 service stations in Sharjah, 11 in Dubai and two in the Northern Emirates. ENOC will also build one marine service station in Dubai.  Three of the 11 stations...

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Business & Money | Wednesday 19 May, 2021 8:43 am

HSBC Saudi Arabia to transfer three units to SABB-owned Alawwal Invest

HSBC Saudi Arabia said it had agreed to transfer its asset management, retail brokerage and retail margin lending businesses to Alawwal Invest, a unit of the Saudi British Bank (SABB). The deal allows HSBC Saudi Arabia to focus on its investment banking, institutional brokerage and custody...

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Business & Money | Wednesday 19 May, 2021 8:36 am

SAMI Restructures Board of Directors, Headed by H.E. Ahmed Al-Khateeb

Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced the outcome of its Extraordinary General Assembly Meeting held on Monday 28 Ramadan 1442 AH, corresponding to 10 May 2021, in the presence of SAMI’s Board representative and...

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Business & Money | Wednesday 19 May, 2021 3:29 am

HSBC sharpens focus of Saudi Arabia investment banking unit

HSBC Saudi Arabia is sharpening its focus on the investment banking, institutional brokerage and custody needs of its clients with an agreement to transfer its asset management, retail brokerage and retail margin lending businesses to Alawwal Invest, a wholly owned subsidiary of the Saudi British...

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Business & Money | Tuesday 18 May, 2021 7:53 am

Kingdom to launch ‘Made in Saudi’ international marketing campaign

Saudi Arabia plans to launch an international marketing campaign for the “Made in Saudi” program targeting global markets, Asharq Business reported. The ambitious program reflects the efforts of both public and private sector agencies to transform the Kingdom into a pioneering industrial...

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Business & Money | Tuesday 18 May, 2021 7:41 am

Over 26k Saudis get jobs through Hadaf in April

A total of 26,311 young Saudi men and women got jobs in 8,682 companies in the private sector during April through the placement services offered by the Human Resources Development Fund (Hadaf). The number of male beneficiaries of the program was 12,141 while 14,170 women found jobs in the...

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Business & Money | Tuesday 18 May, 2021 6:54 am

EY: 70% of MENA consumers believe brands have a responsibility to positively impact the world

A total of 70% of consumers in the MENA region believe brands have a responsibility to positively impact the world, with purpose mattering more than ever according to the EY Future Consumer Index.As MENA consumers look to the future beyond the COVID-19 pandemic, data from the index suggests that a...

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Business & Money | Tuesday 11 May, 2021 5:24 am

VOX Cinemas signs exclusive deal with ODEX to distribute Japanese anime titles across MENA region

VOX Cinemas, the dedicated cinema arm of Majid Al Futtaim, has signed an exclusive deal with ODEX, the leading Japanese animation film distributor in South East Asia, to distribute anime movies across the MENA region. Under the new agreement, six titles will be released theatrically across eight...

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Business & Money | Tuesday 11 May, 2021 5:15 am

SRSC becomes an authorized rotorcraft repair station facility in Saudi Arabia

Saudi Rotorcraft Support Company (SRSC), a subsidiary joint venture of Boeing, has been issued a certificate from the Saudi General Authority of Civil Aviation (GACA) authorizing SRSC to perform maintenance on rotorcraft platforms and their accessories.“The authorization of this new capability in ...

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