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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Environment & Energy | Wednesday 19 May, 2021 8:40 am

Saudi Arabia’s Red Sea Development Co. rescues, rehabilitates 2 endangered turtles

Two of the world’s rarest turtles were returned to a natural habitat in Saudi Arabia after being rescued and nursed back to health. The hawksbill turtles named Amal and Hayaat — meaning “hope” and “life” — were discovered in two separate incidents by contractors for the Red Sea...

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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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Tourism & Hospitality | Tuesday 18 May, 2021 2:21 pm

Saudi Arabian tourism buoyed by domestic demand as it prepares to welcome foreign tourists

As Saudi Arabia forges ahead with Vision 2030, with tourism earmarked as a key economic driver, tourism and travel leaders from the Kingdom convened at the ATM 2021 Saudi Arabia Tourism Summit on the Global Stage yesterday to discuss the strategy’s positive repercussions for the country, its...

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Tourism & Hospitality | Tuesday 18 May, 2021 12:37 pm

R Hotels highlights Road To Recovery in this year’s ATM

R Hotels is taking part in Arabian Travel Market 2021, with a focus on Road To Recovery, highlighting its plans and strategies as the industry navigates the future of travel and tourism.   The group is showcasing its seven properties in Dubai and Ajman namely The Retreat Palm Dubai...

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Tourism & Hospitality | Tuesday 18 May, 2021 12:33 pm

San Marino ventures to the Arabian Travel Market for the first time

The Republic of San Marino for the first time ever will showcase the unique attractions and heritage in the UAE during the Arabian Travel Market (ATM) and will offer insights about the country's participation at the upcoming Dubai Expo later this year. Attending the ATM will be Republic of San...

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Tourism & Hospitality | Tuesday 18 May, 2021 12:20 pm

IHG® signs MDA with RIVA Development Company to open 7 new hotels across the Kingdom of Saudi Arabia

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a Master Development Agreement (MDA) with RIVA Development Company via its wholly owned subsidiary RIVA Hospitality for Hotel Services Company to open at least 7 hotels in the Kingdom of...

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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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