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

Banking, Investments, Money and Insurance

ITFC Supports Investment in the Agriculture Sector in Kazakhstan

The International Islamic Trade Finance Corporation (ITFC) participates in the “Agroinvest” Forum Astana 2017 in Kazakhstan Dubai, UAE, August 27, 2017: The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group participated in “Agroinvest” Forum Astana 2017 ......Read More

Sunday, August 27, 2017

Intercoil Commences Operations at its New 20 Million SAR Manufacturing Facility in Saudi Arabia

Expansion into the Kingdom Strengthens Two Decade Long Relationship with Home Centre 27 August, Dammam – KSA: Intercoil International, UAE’s leading manufacturer, distributor and retailer of total sleep solutions across the MENA region, recently commenced operations at its new manufacturing facility in Dammam, Saudi Arabia. ......Read More

Sunday, August 27, 2017

Credit FAQ Discusses Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns

LONDON (S&P Global Ratings) Aug. 9, 2017: In a Credit FAQ titled "Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns," published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council (GCC) sovereigns. S&P Global Ratings believes that the impact of a group of states cutting diplomatic ties, as well as trade and transport links, with Qatar on June 5, 2017, may not be confined to within Qatar's borders. We expect that political tensions within the GCC will persist over the ......Read More

Wednesday, August 9, 2017

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
Emerson's new Middle East training program welcomes Saudi graduates

DAMMAM, Saudi Arabia, July 31, 2017 – Emerson Automation Solutions has started their Beginners Integration Training (BIT) Program this month, recruiting 15 Saudi nationals who have recently graduated from top universities and institutes in the Kingdom of Saudi Arabia and the United States. The recruitment and training program, which is consistent with Emerson’s global commitment to invest in local resourcing and communities where its customers are, is planned to be conducted annually with a minimum of 15 graduates who will be hired to full-time positions with the company each year. The newly recruited graduates will occupy technical (electronics, instrumentation, computer ......Read More

Monday, July 31, 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

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ITFC Supports Investment in the Agriculture Sector in Kazakhstan

Intercoil Commences Operations at its New 20 Million SAR Manufacturing Facility in Saudi Arabia

Credit FAQ Discusses Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns

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

Emerson's new Middle East training program welcomes Saudi graduates

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 ...