Business & Money | Monday 1 March, 2021 11:05 am

AMAALA SIGNS MOU WITH THE SAUDI FEDERATION FOR CYBER SECURITY, PROGRAMMING AND DRONES

 AMAALA, the ultra-luxury development located along Saudi Arabia’s north western coast, has signed a Memorandum of Understanding (MoU) with the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP). The signing will pave the way for the adoption of innovative and emerging...

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Business & Money | Monday 1 March, 2021 9:00 am

Saudia Cargo & Cainiao Network Agreement Connecting China with Europe Through Cargo Operation from Hong Kong

Saudia Cargo has announced the signing of cargo agreement with one of the leading IT and logistics operator, Cainiao Network– the logistic arm of Alibaba Group – to support e-commerce operations between China and Europe by operating five weekly flights from Hong Kong to Liege in Belgium with...

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Business & Money | Friday 26 February, 2021 3:04 pm

Zain KSA reduces 96.6% of its accumulated losses

Zain KSA has revealed its quarterly fiscal results which showcase a steady growth in its operating revenues of about 7% in Q4 2020 compared to the previous quarter, where, revenues achieved are SAR 2,061 million compared to SAR 1,928 million for Q3 of 2020. The company announced in a statement ...

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Business & Money | Friday 26 February, 2021 2:59 pm

SAMI concludes IDEX 2021 participation with key strategic partnerships

Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), today announced that it concluded its successful participation in the International Defense Exhibition and Conference (IDEX) 2021 in Abu Dhabi, UAE, as part of the Saudi Pavilion. SAMI’s...

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Business & Money | Wednesday 24 February, 2021 9:25 pm

HRH Crown Prince Announces Soudah Development Company (SDC)

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), has announced the launch of Soudah Development Company (SDC) in the Asir region. The new entity, fully owned by the Public Investment Fund...

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Business & Money | Wednesday 24 February, 2021 12:56 pm

NCB and Mastercard Launch Best-in-Class Credit Card for Corporates in Saudi Arabia

Mastercard, the global technology leader, and the National Commercial Bank (NCB), a leading financial institution in the region, have launched a new corporate credit card offering NCB corporate and MSMEs clients a wide range of financial solutions. The Mastercard Corporate World card allows...

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Business & Money | Wednesday 24 February, 2021 8:55 am

Mohamed Ali Al Shorafa: “IDEX” promotes the Emirate of Abu Dhabi’s position on the global defense industries map

H.E. Mohamed Ali Al Shorafa, Chairman of Abu Dhabi Department of Economic Development, stressed that International Defence Conference (IDEX) reflects the wise leadership’s vision towards promoting the position of Abu Dhabi on the global defense industries map. As well as creating more economic...

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Business & Money | Tuesday 23 February, 2021 1:55 pm

Finastra Universe 2021 to explore digital transformation in the financial sector

 Finastra Universe 2021 is a unique virtual event that brings together banks, fintechs and developers to explore the impact of technology on financial services. It will open on March 2, with hundreds of sessions available on demand via the Finastra Universe platform throughout the rest of the...

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Business & Money | Tuesday 23 February, 2021 10:15 am

500 Startups Announces Partnership with Sanabil Investments

 500 Startups (500), one of the most active global early stage venture capital firms, has partnered with Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth and small buyout, to launch the Sanabil 500 MENA Seed Accelerator...

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Business & Money | Tuesday 23 February, 2021 10:02 am

Bahri Showcases Maritime Capabilities and Innovative Solutions at NAVDEX 2021

In line with its commitment to transforming and empowering the maritime logistics sector in the region, Bahri, a global leader in logistics and transportation, is participating in the fourth edition of the Naval Defense and Maritime Security Exhibition (NAVDEX 2021), which is being held in Abu...

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