Business & Money | Thursday 28 January, 2021 9:44 am

Investment Minister: Saudi Arabia dealt with COVID-19 pandemic with high resilience, gained investors' confidence

The Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, affirmed that the Kingdom of Saudi Arabia has dealt with the repercussions of COVID-19 pandemic in a manner that surpassed many countries, through the leadership that demonstrated the Kingdom's resilience and its superior ability to...

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Business & Money | Thursday 28 January, 2021 4:03 am

Newly launched Quara Finance set to provide advanced financial technology solutions for consumers and SMEs

Quara Finance, a leading Saudi company providing Sharia-compliant financial services, has announced the appointment of Mr. Ehab bin Mahmoud Hassoubah as its new Chief Executive. Mr. Hassoubah will lead on Quara Finance’s new business strategy aimed at further developing its innovative...

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Business & Money | Wednesday 27 January, 2021 2:08 pm

OPEC Fund Supports Post-COVID-19 African Infrastructure With $50m Loan to Africa Finance Corporation

VIENNA--(BUSINESS WIRE/AETOSWire)-- The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct...

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Business & Money | Wednesday 27 January, 2021 12:53 pm

U.S.-U.A.E. Business Council Names Dr. Tomislav Mihaljevic, CEO and President of Cleveland Clinic, Co-Chairman of Board of Directors

Today, the U.S.-U.A.E. Business Council named Dr. Tomislav Mihaljevic, Chief Executive Officer and President of Cleveland Clinic, as Co- Chairman of its Board of Directors. Dr. Mihaljevic joins H.E. Waleed al Mokarrab Al Muhairi, Deputy Group CEO of Mubadala Investment Company, who serves ...

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Business & Money | Wednesday 27 January, 2021 4:38 am

Al-Rumayyan: PIF to invest SR1 trillion in next 5 years

Yasir Al-Rumayyan, governor of Public Investment Fund (PIF), announced that the fund will invest SR1 trillion over the next five years in new projects, and added that the PIF, the sovereign Saudi wealth fund, has become a fundamental pillar for the Saudi economy’s sustainability. Addressing...

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Business & Money | Wednesday 27 January, 2021 2:12 am

Mastercard Evolves Contactless Technology for Quantum World

 Mastercard today announced that it is applying the latest quantum-resistant technologies to develop the next generation of contactless payments. The new Enhanced Contactless (Ecos) specifications are an industry-first and will help ensure that as our dynamic digital landscape evolves, and new ...

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Business & Money | Tuesday 26 January, 2021 3:54 pm

GRADIANT Posts Robust 2020 Global Performance With 30 Project Wins

GRADIANT, a technology-driven end-to-end wastewater treatment solution provider, today announced that it has secured 18 new project wins in the second half of 2020 across its Asia Pacific (APAC), Middle East and US offices. 14 projects were secured with APAC based organisations following 12...

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Business & Money | Monday 25 January, 2021 2:18 pm

SNC-Lavalin awarded Compliance Leader Verification from The Ethisphere Institute

SNC-Lavalin is pleased to announce that it has earned the coveted Compliance Leader Verification for 2021-2022, extending an earlier 2019-2020 verification, from The Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. This recognition...

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Business & Money | Monday 25 January, 2021 1:42 pm

SAUDI ARABIAS INDUSTRIAL SECTOR TO PLAY A MAJOR PART IN DRIVING POST-PANDEMIC ECONOMIC RECOVERY

 A new Covid Response Report (CRR) produced by Oxford Business Group (OBG), in partnership with Sherbiny, shines a spotlight on Saudi Arabia’s industrial sector, examining its emerging role as a key engine of growth, in line with the country’s efforts to diversify the economy away from a...

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Business & Money | Monday 25 January, 2021 11:34 am

During 2020, Red Sea Mall adds Premier international brands to its list of successful partners

During the past year 2020, the Red Sea Mall continued its expansion plans, as it succeeded in embracing a new cluster of the most prominent and famous local and international brands. With this in hand, the mall could add to its offerings as part of its development and contribution to the retail...

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