Business & Money | Monday 19 April, 2021 12:29 am

Mastercard Track™ Business Payment Service Welcomes HSBC UAE as Part of Mission to Help Modernize the Middle East and Africa’s B2B Payment Ecosystem

Technology leader Mastercard continues to deliver on its promise to modernize business payments worldwide and across the Middle East and Africa region, announcing a new partnership with HSBC that will provide the bank’s commercial customers in the UAE with an enhanced business-to-business payment ...

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Business & Money | Sunday 18 April, 2021 11:18 am

Saudi Aramco part of $50 million funding for US software firm

Saudi Aramco’s investment arm was among a group of investors who awarded SR187.5 million ($50 million) to a Seattle-based manufacturing and technology software company. Seeq Corp. said it had raised the new funds as part of a Series C funding round as the group of investors backing the...

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Business & Money | Sunday 18 April, 2021 10:28 am

Dar Al Arkan brings world’s first villas with Versace Home interiors at Shams Ar Riyadh

 Dar Al Arkan, the leading real estate company in Saudi Arabia, has announced a unique collaboration that will bring the world’s first ever villas with interiors by Versace Home to the Kingdom’s Shams Ar Riyadh project. Versace Home’s outstanding design and craftsmanship will...

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Business & Money | Saturday 17 April, 2021 12:31 pm

#Bupa_Arabia named Middle East’s most valuable insurance brand

Bupa Arabia for Cooperative Insurance has been named as the Middle East's most valuable insurance provider, in the annual report for 2021 by Brand Finance, the world's leading independent brand valuation consultancy headquartered in London. The report noted that Bupa Arabia's strong financial...

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Business & Money | Friday 16 April, 2021 3:41 pm

VAT specialists and accounting technicians get Hadaf support

The Human Resources Development Fund (HADAF) has extended its support to those who hold certificates of the Saudi Organization for Certified Public Accountants (SOCPA) to practice as VAT (value-added tax) specialists and accounting technicians. Under the support scheme, HADAF will extend...

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Business & Money | Thursday 15 April, 2021 1:55 pm

GoDaddy Launches 2021 Brand Campaign to Support Entrepreneurs and Small Businesses in Saudi Arabia

GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs around the world, announced today the launch of its 2021 Brand campaign to encourage and inspire entrepreneurs and small business owners to build an online presence for their venture.   The campaign also supports...

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Business & Money | Thursday 15 April, 2021 3:56 am

SABIC to distribute $1.2bn in H2 2020 dividends

The Saudi Basic Industries Corporation (SABIC) has approved cash dividends amounting to SR4.5 billion ($1.2 billion) to shareholders for the second half of 2020. Eligible shares will be entitled to a dividend of SR1.5 per share, representing 15 percent of the nominal share value, the company...

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Business & Money | Thursday 15 April, 2021 3:26 am

Mastercard Recovery Insights: eCommerce a Covid Lifeline for Retailers with Additional $900 Billion Spent Online Globally

As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900 billion being spent in retail online around the world in 2020. Put...

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Business & Money | Wednesday 14 April, 2021 2:24 am

Larsen & Toubro begins constructing 300MW solar plant in Saudi Arabia

The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured the go-ahead to begin constructing the 300MW Jeddah Solar PV Power plant. The turnkey EPC order has been received from the consortium of Masdar, EDF Renewables and Nesma...

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Business & Money | Wednesday 14 April, 2021 1:52 am

Space Commission chairman meets with UK minister for investment

Prince Sultan Bin Salman, chairman of the Board of Directors of Saudi Space Commission, met on Tuesday in Riyadh with United Kingdom Minister for Investment Lord Gerry Grimstone, who was accompanied by a delegation of companies specialized in the field of space. During the meeting, they...

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