Latest from Banking, Investments, Money, Insurance, Futures, Stock in Saudi Arabia and Middle East

Banking, Investments, Money and Insurance

MoU between the Islamic Development Bank Group and the Chamber of Commerce and Industry in Medina to ...

Under the patronage of the Deputy Governor of Medina Region Medina, KSA – June 14, 2017: Under the Patronage of H.R.H. Prince Saud Bin Khalid Al-Faisal, Deputy Governor of Medina Region, the Chairman of the Islamic Development Bank (IsDB) Group, H.E Dr. Bandar bin Mohammed Hamza Hajjar and the Chairman of the Chamber of Commerce and ......Read More

Wednesday, June 14, 2017

ITFC Fuels Mali's Energy Sector With € 40 Million Agreement

Supporting access to energy through importing petroleum products and electricity are vital to economic growth and foster the socio-economic conditions in Mali. Jeddah, May 21 2017: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a € 40 million Agreement with the ......Read More

Sunday, May 21, 2017

Saudi Arabia and GE announce raft of MoUs and agreements worth $15 billion in industrial project dev ...

In support of Saudi Vision 2030: Agreements drive economic diversification in power, healthcare, oil and gas, mining and digital transformation of industry. Riyadh, Kingdom of Saudi Arabia. May 21, 2017: Building on its more than 80 years of partnership and experience in the Kingdom, GE [NYSE: GE] has taken significant steps in ......Read More

Sunday, May 21, 2017

The International Islamic Trade Finance Corporation (ITFC) Supports SMEs and Private Sector in Membe ...

Jeddah – May 16, 2017 (Hilton – Al Qasr Hall): ITFC has organized a side-event during the IDB Group Private Sector Forum, in conjunction with the IDB Group 42nd Annual Meeting held in Jeddah-Saudi Arabia. Given the importance of this forum and the high profile audience ......Read More

Tuesday, May 16, 2017
Alawwal bank wins 'Best Retail Bank' in Saudi Arabia at the Asian Banker awards

Riyadh, Kingdom of Saudi Arabia – 08 May 2017: Alawwal bank was named the 'Best Retail Bank' in Saudi Arabia 2017 at the Asian Bankers, International Finance Excellence Awards held at the Ritz Carlton in Dubai on 20 April. The award recognises Alawwal bank's customer centric approach and focus on innovation in ......Read More

Monday, May 8, 2017

QNB Group inaugurates its Riyadh branch in Saudi Arabia

QNB Group CEO: Entry into the Saudi market is due to QNB’s competitive edge Riyadh, 6th May 2017: QNB Group, the largest financial institution in the Middle East and Africa, has inaugurated its branch in Riyadh, Kingdom of Saudi Arabia (KSA). Senior bank officials and distinguished representatives from the banking and business ......Read More

Saturday, May 6, 2017

Huge growth opportunity in Saudi Arabia's USD 20-billion facilities management sector, says MEFMA

Kingdom biggest spender in GCC for FM services Saudi Arabia, May 03, 2017 The facilities management (FM) sector in the Kingdom of Saudi Arabia (KSA) remains a largely untapped market, an ‘emerging giant’ that offers huge growth opportunities for regional FM players looking to expand and innovate on their services in the Kingdom, ......Read More

Wednesday, May 3, 2017

Robust Middle East activity despite global dip: Baker McKenzie Report

Cross-border M&A made up 49% of all deal value and 35% of all deal volume in Q1 2017 North America was a safe haven for deals in Q1 2017 UAE dominates deal volume for cross-regional Middle East M&A KSA leads by deal value for cross-regional Middle East M&A Jeddah: Global cross-border M&A activity ......Read More

Wednesday, April 19, 2017
Wadi and Al Rajhi Bank announce new partnership

Wadi.com, KSA’s fastest growing e-commerce platform, announces its latest and first of its kind partnership with KSA’s leading bank Kingdom of Saudi Arabia, April 9, 2017 – Wadi.com, KSA’s home-grown online shopping marketplace, today announced a new strategic partnership with one of KSA’s most trusted banks, Al Rajhi Bank. This unique collaboration between the region’s fastest growing e-commerce platform and KSA’s largest islamic bank is a sign of the growing importance of e-commerce in the country. The long term strategic partnership will include a series of exclusive offers over the coming months and commences with a generous welcome ......Read More

Sunday, April 9, 2017

Xylem Opens New Office in Saudi Arabia

Dubai, UAE/Saudi Arabia, 9th April 2017 – Xylem Inc. (NYSE: XYL), a leading global water technology company, today announced the opening of a new office in Riyadh, Saudi Arabia. The new office is part of Xylem’s $35 million investment in the Middle East North Africa region, which includes additional resources to help provide localized products, services and capabilities in key markets throughout the region. “The opening of our Saudi Arabia office is an important milestone for our regional investment and supports our long-term strategy of providing sustainable water technology solutions to help solve the region’s water challenges. The new office enables us to be ......Read More

Sunday, April 9, 2017

Lives and Livelihoods Fund Approves $243 Million for Anti-poverty Projects in Support of Eight Count ...

2nd meeting of the LLF Impact Committee in Riyadh approves major pipeline of $242.6 million in development projects for 2017 Representatives from Saudi Arabia, Qatar, UAE, the Bill & Melinda Gates Foundation, the Islamic Solidarity Fund for Development, and the Islamic Development Bank agree on project pipeline to lift poorest OIC countries out of poverty Projects approved in Tajikistan, Sudan, Djibouti, Niger, Mauritania, Cameroon, Uganda, and Guinea LLF is the largest multilateral development initiative in the Middle East and North Africa – releasing $2.5 billion in finance over five years Riyadh, 02 April 2017: Representatives from the Kingdom of Saudi Arabia, the ......Read More

Sunday, April 2, 2017

Saudi Arabia to host TOP CEO Conference and Awards for the First Time

Event will gather together CEOs, CMOs, Presidents and VPs from across the region and beyond Riyadh KSA, April 1 2017: For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on ......Read More

Saturday, April 1, 2017
Accenture Launches Upgraded Banking Technology Platform at National Commercial Bank

Next-generation technology allows customers to benefit from faster, more advanced services Dubai, UAE, March 30, 2017: Accenture (NYSE: ACN), the global professional services company, has successfully completed the core system replacement of the retail banking operations at the National Commercial Bank (NCB). The highly complex project ......Read More

Thursday, March 30, 2017

Amazon to Acquire SOUQ.com

Dubai, UAE, March 29, 2017: Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide. “Amazon’s entry ......Read More

Wednesday, March 29, 2017

ITFC and ATTIJARIWAFA BANK (AWB) to strengthen partnership by signing a letter of intent

ITFC and ATTIJARIWAFA BANK (AWB) to strengthen partnership by signing a letter of intent for supporting trade between Arab and African countries ITFC and ATTIJARIWAFA BANK (AWB) sign a Letter of Intent within the Framework of the Arab Africa Trade Bridges (AATB) Program for supporting trade between Arab and African countries during ......Read More

Sunday, March 19, 2017

The Euromoney Saudi Arabia Conference Set to Examine Saudi Vision 2030

Government Leaders and Senior Bankers will Review Progress of National Transformation Programme and Opportunities for Businesses Riyadh, Kingdom of Saudi Arabia, March 14, 2017: One year on from the official announcement of the “Saudi Vision 2030” to diversify the economy and reduce the Kingdom’s reliance on oil, The Euromoney Saudi Arabia Conference is set to return to Riyadh to analyse progress made to date. The major conference will bring senior government representatives and leading financiers together to discuss a broad range of strategic issues, including the economic outlook for 2017, the progress of a number of mega-projects and the challenges ......Read More

Tuesday, March 14, 2017
PROVEN SA: Providing Foreign Business Support Services in KSA

The leading business support service provider for corporate entities in Saudi Arabia Providing turn key solutions for companies working within or looking to set up in the Kingdom of Saudi Arabia Specialising in range of services from corporate immigration to company representation and employee outsourcing Dubai, 14 February ......Read More

Tuesday, February 14, 2017

Consortium buys billion dollar stake in Arab Bank Group

Jeddah, KSA, February 13, 2017: Baker McKenzie advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab Bank Group from Oger Middle East Holdings. A consortium of investors bought a 20 percent stake in Arab Bank Group for $1.12 billion. These were led by Arab Bank Chairman Sabih al Masri, a businessman with stakes in other banks and the hotel industry, and owner of ASTRA, a diversified group of companies he founded with investments in a wide range of sectors that has 6,000 employees in 11 countries. Arab Bank, headquartered in Jordan, is one of the Arab world's largest privately owned banks and operates in 30 countries. The bank ......Read More

Monday, February 13, 2017

Cognizant to Enable McDonald's to Transform Customer Experience and Service Agility in the Kingdom o ...

February 06, 2017 - Cognizant (NASDAQ: CTSH) announced that it has been selected by Riyadh International Catering Corporation (RICC) as a strategic partner to enable McDonald’s restaurant chain in the Kingdom of Saudi Arabia (KSA) to become a digital enterprise, transforming customer experience and service agility. RICC owns and operates McDonald’s in the Central, Eastern and Northern regions of the Kingdom under developmental license from McDonald’s Corporation of Delaware, US. RICC has 154 quick-service restaurants and plans to expand its footprint to more than 200 outlets by 2020. To help RICC meet the demands of rapid business growth, Cognizant will leverage ......Read More

Monday, February 6, 2017

Middle East Companies Secure Slots In Most Valuable Brand Report Alongside Global Players

STC moves up the ranks to assume the position of most valuable brand in The Middle East Emirates retains most valuable brand position in the UAE Etisalat rises 113 places with 45% increase in brand value Qatar National Bank enters the list for the first time with 56% increase in brand value Apple falls from world’s most valuable brand after 5 years at the summit Dubai, UAE, February 2, 2017: Saudi Telecom Co. (STC), the kingdom’s biggest operator, is the Arab world’s most valuable brand, while Emirates, the world’s largest airline, continues to be most valuable brand in the United Arab Emirates (UAE), according to Brand Finance’s Global ......Read More

Thursday, February 2, 2017
Dhofar Global to strengthen its presence in KSA, Kuwait & Bahrain by 2020

May 09, 2017- Dhofar Global, a leading supplier of hygiene products in the Middle East, has marked its 10th anniversary with a celebration of its decade-long accomplishments and the unveiling of a more ambitious expansion plan to fully cement its market footprint across the region. The company recently hosted an event for their suppliers, clients and employees at the Westin Dubai Mina Seyahi Beach Resort & Marina to show its appreciation and gratitude for their tireless support. After recording a substantial 40 per cent business growth in the UAE in 2016, Dhofar Global kicked off 2017 with a major announcement of its plan to firmly establish its presence in at least one additional ......Read More

Tuesday, May 9, 2017

Department of Land & Real Estate Regulation in Ajman concludes successful participation at Restatex ...

Ajman, April 27, 2017- In line with its commitment to promote the competitiveness of Ajman's real estate segment, the Department of Land and Real Estate Regulation in Ajman has concluded its successful participation at this year's edition of the Riyadh Real Estate & Urban Development Exhibition 2017 (Restatex Riyadh 2017), the largest annual Real Estate event of its kind in the Kingdom of Saudi Arabia (KSA), which was held recently at the Riyadh International Convention & Exhibition Center. The pavilion hosted by the Department of Land and Real Estate Regulation in Ajman received a huge turn out from participants and visitors during the event, which was highly ......Read More

Thursday, April 27, 2017

Genetec to address the dynamic nature of cyber threats and hazards at Intersec Saudi Arabia 2017

April 27, 2017– Genetec Inc. (“Genetec”), a leading provider of open architecture security and public safety solutions, will be highlighting solutions that can help address the challenges presented by the changing nature of cyber threats and hazards in the Middle East region during its participation at the first Intersec KSA, the Saudi edition of the biggest trade fair for safety, security and fire protection, which will be held from May 2 to May 4, 2017 at the Jeddah Centre for Forums & Events. Taking strategic and timely moves to expand its market leading presence in the Middle East, Genetec recognizes the significance of the Saudi Arabian market. At Stand A27, ......Read More

Thursday, April 27, 2017

3i Infotech successfully implements Kastle ULS for Gulf Lifting and Finance Leasing Company in recor ...

Damman, KSA –April 06, 2017: Gulf Lifting Financial Leasing Company (GLFL), a subsidiary of Kanoo Group of Companies, recently implemented 3i Infotech's Kastle® Universal Lending Solution (Kastle® ULS) and integrated financial suite to streamline its business processes as well as automate the end to end operations right from origination to collection. The application tackled a key challenge of GLFL, which was to get into the market and be Saudi Arabian Monetary Authority (SAMA) compliant before March 2017 to launch their new business within a short span of time. The project was completed in a record time of 11 days, delivering an environment conducive for better ......Read More

Thursday, April 6, 2017

load more posts

MoU between the Islamic Development Bank Group and the Chamber of Commerce and Industry in Medina to ...

ITFC Fuels Mali's Energy Sector With € 40 Million Agreement

Saudi Arabia and GE announce raft of MoUs and agreements worth $15 billion in industrial project dev ...

The International Islamic Trade Finance Corporation (ITFC) Supports SMEs and Private Sector in Membe ...

Alawwal bank wins 'Best Retail Bank' in Saudi Arabia at the Asian Banker awards

QNB Group inaugurates its Riyadh branch in Saudi Arabia

Huge growth opportunity in Saudi Arabia's USD 20-billion facilities management sector, says MEFMA

Robust Middle East activity despite global dip: Baker McKenzie Report

Wadi and Al Rajhi Bank announce new partnership

Xylem Opens New Office in Saudi Arabia

Lives and Livelihoods Fund Approves $243 Million for Anti-poverty Projects in Support of Eight Count ...

Saudi Arabia to host TOP CEO Conference and Awards for the First Time

Accenture Launches Upgraded Banking Technology Platform at National Commercial Bank

Amazon to Acquire SOUQ.com

ITFC and ATTIJARIWAFA BANK (AWB) to strengthen partnership by signing a letter of intent

The Euromoney Saudi Arabia Conference Set to Examine Saudi Vision 2030

PROVEN SA: Providing Foreign Business Support Services in KSA

Consortium buys billion dollar stake in Arab Bank Group

Cognizant to Enable McDonald's to Transform Customer Experience and Service Agility in the Kingdom o ...

Middle East Companies Secure Slots In Most Valuable Brand Report Alongside Global Players

Dhofar Global to strengthen its presence in KSA, Kuwait & Bahrain by 2020

Department of Land & Real Estate Regulation in Ajman concludes successful participation at Restatex ...

Genetec to address the dynamic nature of cyber threats and hazards at Intersec Saudi Arabia 2017

3i Infotech successfully implements Kastle ULS for Gulf Lifting and Finance Leasing Company in recor ...