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

Banking, Investments, Money and Insurance

Deliverect Plays an Active Role in Empowering the F&B Industry in Saudi Arabia

● Deliverect announces its participation at Saudi Food Expo 2022 as an exhibitor to enhance and empower restaurants in the Kingdom. Riyadh, Saudi Arabia, 17 May 2022: Deliverect, a global scale-up that simplifies digital orders for more than 20,000 locations across 40 markets announces its participation at Saudi Food Expo ......Read More

Tuesday, May 17, 2022

Atlas Turf Arabia Receives ITGAP Certification for Production of Platinum Te Paspalum

Global accreditation cements facility’s credentials as the leading supplier of turfgrasses for golf courses, sports pitches and landscaping projects in Saudi Arabia and the Gulf region 10th May, 2022 – Riyadh, Saudi Arabia: Atlas Turf Arabia has become the first certified facility of its kind in the Gulf Region to receive ......Read More

Tuesday, May 10, 2022

Ogilvy EMEA Chairman Paul O'Donnell Announces Retirement, Ending Distinguished Four-Decade Career at ...

NEW YORK- MAY 5, 2022: Ogilvy today announced that Paul O’Donnell, Chairman of Ogilvy EMEA, will be retiring after 37 years with the agency. Throughout his tenure, O’Donnell has held a range of leadership positions spanning clients, geographies, and businesses. “It has been an honour to have worked with thousands of ......Read More

Thursday, May 5, 2022

LG Announces First-Quarter 2022 Financial Results

Highest Quarterly Revenue in Company’s History Reflect Strong Demand for Premium LG Home Appliances and Auto Parts Dubai, April 29, 2022 — LG Electronics Inc. (LG) today announced first-quarter 2022 consolidated sales of KRW 21.11 trillion (USD 17.53 billion) – the highest quarterly revenue in company history. Operating profit of KRW 1.88 trillion (USD 1.56 billion) was positively impacted by royalty income, partially offset by a one-time workforce restructuring cost. Compared with the first quarter a year ago, revenues grew by 18.5 percent and profitability soared by 6.4 percent, reflecting very strong demand for LG home appliances as consumers around ......Read More

Friday, April 29, 2022
Home Ownership Drive Spurs Growth of KSA Residential Sector in Q1 2022

JLL releases its Q1 2022 KSA Market Overview Year Report Riyadh, Saudi Arabia – 26 2022: Saudi Arabia’s residential sector saw an acceleration in the number of units completed in Q1 2022, helped by the government’s continued efforts to deliver housing which meets the needs and aspirations of its citizens. The ......Read More

Tuesday, April 26, 2022

[Earth Day with LG] LG Recognized as Environmental Leader

LG’s Strong Climate Action Efforts and Smart Home Technology Underscored by Dow Jones Sustainability Index and The Global 100 JEDDAH, 24 April 2022 – Thinking of going green in time for Earth Day this year? Smart home technology can make your sustainable journey that much easier, helping you to save electricity and water ......Read More

Tuesday, April 26, 2022

Samsung Partners with Zamil Air Conditioners at the Big 5 Saudi

Riyadh, KSA – 25 April 2022 – Samsung Electronics Saudi Co. Ltd., in partnership with Zamil Air Conditioners, participated in the Big 5 Saudi exhibition, inaugurated by H.E. Eng. Osama bin Abdulaziz Al-Zamil, Deputy Minister of Industry and Mineral Resources in the Kingdom of Saudi Arabia. (SAMSUNG | ZAMIL) has launched its ......Read More

Monday, April 25, 2022

YORK's District Cooling Solutions Provide Fresh Air to the Holy Mosque's Pilgrims

With crowds returning to normal in the Holy Mosque in Makkah during Ramadan after the lifting of the COVID-19 precautionary measures, and with soaring temperatures, it is essential that all areas of the Holy Mosque are equipped with fresh cool air and are well ventilated at all times to maintain the health and safety of the millions of pilgrims ......Read More

Monday, April 25, 2022
79% of People in Saudi Arabia Believe Bots Will Succeed Where Humans Have Failed with Corporate Sust ...

• Global study finds 97% of people believe society has not made enough progress on sustainability and social efforts • 85% of people in Saudi Arabia are frustrated and fed up with the lack of progress made by businesses • 97% of Saudi business leaders believe human bias and emotions hurt corporate sustainability ......Read More

Thursday, April 21, 2022

A Third of Saudi and UAE Employees think they have put Highly Sensitive Data at Risk in the Past 12 ...

Today, Western Digital, a leader in data infrastructure, releases data exploring the attitudes and behaviours of over 634 employees (data users) and employers (data managers) around highly sensitive data in the Middle East. Research found that 77 per cent of data managers believe employee behaviour is a bigger threat to their highly sensitive data than external hackers and that almost a third (32 per cent) of data security incidents originates with employees. In summer 2021, Western Digital spoke to 210 managers and 424 data users in Saudi Arabia and the UAE. Respondents work in media and entertainment, the public sector, legal professional services, healthcare and ......Read More

Wednesday, April 20, 2022

Jeddah Marriott Hotel Madinah Road appoint Muntaser Allaf as GM

The new premium Jeddah hotel welcomes Muntaser Allaf, with 26 years of hospitality experience April 12, 2022 – Jeddah, KSA: Muntaser Allaf has been appointed General Manager of the recently opened Jeddah Marriott Hotel Madinah Road in Saudi Arabia. The highly respected hospitality professional will head up the team with more than 26 ......Read More

Wednesday, April 13, 2022

Ykone Continues Its Expansion in the Middle East with the Opening of Two New Offices in Riyad and Ab ...

Founder's Memorial YKONE, the leading international influencer marketing agency in the fields of luxury and beauty, continues to expand in the Middle East. Present in Dubai since 2016, the agency announces the opening of two new offices in the region’s most dynamic cities, Riyad and Abu Dhabi. Already established in Dubai for the past ......Read More

Monday, April 11, 2022
Webex by Cisco Reimagines Hybrid Work Experiences

• New innovations help personalize the hybrid work experience for employees and customers • Industry-first partnership with Ford to create the ultimate mobile office • Extending Webex’s Embedded App Framework to Webex devices, mobile phones, and tablets Al Riyadh, Saudi Arabia, April 6, 2022 ......Read More

Wednesday, April 6, 2022

JAGGAER Opens Office in Riyadh to Support Saudi 2030 Vision

• JAGGAER has officially opened its new office in Riyadh to support businesses in the country with the challenges surrounding supply chain disruptions, material scarcity and the global talent shortage • The company to capitalise on the appetite in Saudi for new IT and technology, with the market estimated to be worth more than US$33 billion in 2021 JAGGAER has today announced the expansion of its regional foot-print with the opening of the company’s new office in Riyadh. Hany Mosbeh, General Manager, JAGGAER Arabia As part of JAGGAER’s growth within the Middle East, the new office in the Saudi Arabian capital will ......Read More

Thursday, March 31, 2022

BinDawood Holding reports Q4 and FY 2021 Financial Results

Jeddah, Saudi Arabia; 30 March 2022 – BinDawood Holding Co. (Tadawul: 4161 and the “Company”), one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia (‘KSA’), today reported its fourth quarter and full year 2021 financial results. Financial Highlights (SAR ......Read More

Wednesday, March 30, 2022

Cisco Celebrates 25 Years of Innovation in Saudi Arabia

Riyadh, Saudi Arabia – 29 March 2022: Global technology leader Cisco is celebrating the 25th anniversary of its establishment in the Kingdom of Saudi Arabia this month. During this time, Cisco has become a key contributor to the Kingdom’s innovation journey, through initiatives such as the Country Digital Acceleration (CDA) ......Read More

Tuesday, March 29, 2022
Saudi Tadawul Group Announces its Intention to Launch a Bundle of Enhancements to Develop the Post T ...

• The bundle of enhancements across Saudi Tadawul Group’s subsidiaries will support the continuous development of the Saudi capital market into a technologically advanced, diverse, and integrated capital market • The enhancements are the largest in the history of the Saudi capital market and intend to provide investors with increased investment opportunities and access to a diverse range of financial instruments and new products • The introduction of these enhancements come as part of Saudi Tadawul Group subsidiaries’ ongoing efforts to reduce systemic risks and enhance market efficiency that in turn reinforce its position as a globally attractive ......Read More

Friday, March 25, 2022

The First Saudi Capital Market Forum Concludes in Riyadh

• Forum was held under the patronage of HE. Mohammed El-Kuwaiz, Chairman of the Capital Market Authority and saw over 1500 attendees • The Saudi Tadawul Group and its subsidiaries make key announcements • The winners of the Saudi Capital Market Awards 2021 are announced • Five workshops were held on topics related to the capital markets industry Riyadh - 24, March 2022: The Saudi Tadawul Group concludes the inaugural Saudi Capital Market Forum 2022, held under the patronage of HE. Mohammed El-Kuwaiz, the Chairman of the Capital Market Authority. During the forum, the Saudi Tadawul Group announced its intention to launch a bundle of enhancements ......Read More

Thursday, March 24, 2022

Cisco Study Reveals 88 Percent of Respondents in Saudi Arabia Consider Privacy a Business Imperative

News Summary: • Cisco’s 2022 Data Privacy Benchmark Study surveyed more than 4,900 professionals across 27 geographies. It finds that 88 percent of respondents in KSA consider privacy a business imperative. • Organizations continue to invest in privacy and estimate return on investment at nearly 1.8 times spending on ......Read More

Tuesday, March 22, 2022

Bank AlJazira and JCB Partner to Enable JCB Acceptance in KSA

March 12, 2022: Bank AlJazira has partnered with JCB International Co., Ltd. to launch JCB acceptance throughout its POS and ATM network in the Kingdom of Saudi Arabia (KSA). The partnership complements the role of Saudi Payments to enhance the financial landscape in the kingdom and enable international payment schemes to operate in the KSA ......Read More

Saturday, March 12, 2022
Amlak Finance Announces 2021 Full-Year Financial Results

• Amlak FY21 net group profit stands at AED 1.06 billion and total assets stand at AED 4 billion • The Company successfully concluded the settlement of the arbitration with a net value of approximately AED 875 million • Debt settlement arrangements yielded AED 465 million gain and contributed in total debt reduction of AED 1,139 million (including Mudaraba Instrument of AED 235 million). Dubai, UAE: 12 March 2022: Amlak Finance PJSC today announced its full-year financial results for the year ended December 31, 2021. The company focused on prudently managing its UAE operations and balance sheet. Amlak reported a net profit of ......Read More

Saturday, March 12, 2022

Bank AlJazira and JCB agree to enable JCB Aceptance in the Kingdom of Saudi Arabia

Kingdom of Saudi Arabia - Mar 10, 2022: Bank AlJazira has partnered with JCB International Co., Ltd. to launch JCB acceptance through its POS and ATM network devices deployed in the Kingdom of Saudi Arabia (KSA). A partnership that complements the role played by Saudi Payments role to enhance the payments landscape in the kingdom through the enablement of international payment schemes to operate in KSA market. JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards are used by more than 140 million cardholders and accepted at about 37 million locations globally. This partnership will enable Bank AlJazira to accept JCB Cards across ......Read More

Thursday, March 10, 2022

Cisco and Sultan Bin Abdulaziz Humanitarian City Collaborate to Accelerate Digital Transformation in ...

Riyadh, Saudi Arabia, 09 March 2022: Cisco Saudi Arabia Limited (Cisco) and Sultan Bin Abdulaziz Humanitarian City (SBAHC) signed a Memorandum of Understanding (MoU). The aim of the MoU is to develop a cooperation in field of digital transformation and explore ways to accelerate digital health services to patients, as part of SBAHC’s ......Read More

Wednesday, March 9, 2022

Wipro Appoints Turki Bin Nader as General Manager and Country Head, Kingdom of Saudi Arabia

Riyadh, Saudi Arabia – March 8, 2022: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the appointment of Turki Bin Nader as General Manager and Country Head for the Kingdom of Saudi Arabia (KSA), one of Wipro’s key focus ......Read More

Tuesday, March 8, 2022
GulfCoin Cryptocurrency to Provide Digital Services and Financial Inclusion to the Masses

*The Countdown to Presale Started and The Initial Coin Offering is Scheduled for March 15 GulfCoin Cryptocurrency to Provide Digital Services and Financial Inclusion to the Masses* A new crypto project "GULF" is rising to empower the public to become part of the digital transformation and adopt digital services. The GULF project is ......Read More

Saturday, February 26, 2022

$500bn NEOM Tops Wish-List for Saudi Home buyers

• 41% find it the most attractive Giga project in the Kingdom to buy a home • Those in Damam (44%) find NEOM the most appealing Giga project • 36% of first time-buyers saving to buy believe NEOM is the best location for their first home Riyadh/Jeddah | 23rd February 2022: NEOM, Saudi Arabia’s US$ ......Read More

Wednesday, February 23, 2022

Samsung and Zamil Enter Into a Strategic Partnership to Create a New Era of Climate Solutions in Sau ...

• Under the theme “a new horizon for an innovative world”, Zamil will be Samsung’s exclusive distributer of DVM (VRF Solutions) in the Kingdom of Saudi Arabia Riyadh, Saudi Arabia – February 18, 2022 - Samsung Electronics Saudi Co. Ltd. announced a strategic partnership with Zamil Air-Conditioners Co. ......Read More

Friday, February 18, 2022

The Cultural Development Fund Signs Memorandum of Understanding with Tadawul

February 15, 2022: The Cultural Development Fund has signed a memorandum of understanding (MoU) with Saudi Exchange with the aim of advancing the cultural sector, promoting local art and content, bolstering innovation and production, and fostering national talent. These goals fall under the Kingdom’s commitment to enable the growth of cultural entities and projects. His Excellency Mr. Mohammed bin Abdulrahman Bin Dayel, Chief Executive Officer of the Cultural Development Fund and Mr. Mohammad Al Rumaih, Chief Executive Officer of the Saudi Exchange signed the MoU. The partnership focuses on raising awareness on the importance of sustainability and reinvigorates the ......Read More

Tuesday, February 15, 2022
VFS Global Launches Passport Renewal Services for Sri Lankan Residents in the Kingdom of Saudi Arabi ...

• Service offered from 13 locations across the Kingdom • First Sri Lanka Passport Application Centre inaugurated on 06 February 2022 in Riyadh • Customer can submit passport renewal application and/or collect renewed passports The Embassy of Sri Lanka in the Kingdom of Saudi Arabia (KSA) has partnered with ......Read More

Thursday, February 10, 2022

100,000 Registered Attendees see LEAP22 Leapfrog into First Place in International Technology Events

• 7 start-ups share US$1 million prize at the Rocket Fuel Start-up Competition • Regional start-ups and funds attract US$266 million in new investment Friday 5 February 2022 – Riyadh, Saudi Arabia: The inaugural edition of LEAP has set new records for a debut technology event, attracting over 100,000 registered ......Read More

Saturday, February 5, 2022

Ericsson Launches KSA 5G Together Apart Hackathon to boost innovation in line with Saudi Vision 2030

In collaboration with the Ministry of Communications and Information Technology, Ericsson launches KSA 5G Together Apart Hackathon to boost innovation in line with Saudi Vision 2030 • The KSA 5G Together Apart hackathon comprises a competition and thought-leadership panels to inspire participants and wider Saudi ......Read More

Thursday, February 3, 2022

‘Ignite' to Uplift Saudi Digital Content Creation and Media Production with US$1.1 Billion of Invest ...

• US$1.1 billion Ignite plan will make Saudi Arabia a center of digital content creation and production • Saudi Arabia launches WiFi 6E, ranks first worldwide in WiFi spectrum availability • Trend Micro announces local data lake and opens its Riyadh HQ Wednesday 2 February 2022 – Riyadh, Saudi Arabia: Saudi ......Read More

Thursday, February 3, 2022
Saudi Arabia Unveils more than US$6.4 Billion in Technology and Startup Investment at LEAP22

• Saudi Aramco Ventures launches US$1 billion Prosperity7 fund for transformative start-ups • STC to invest US$1 billion in MENA HUB to create regional center for cloud and digital services • NEOM Tech & Digital Co. launches groundbreaking XVRS cognitive metaverse and M3LD data management platform as part of a US$1 billion investment • J&T, eWTP Arabia and its partners invest up to US$2 billion into smart logistics hub in the Kingdom over the next 10 years • The Garage – KACST unveils Start-up District to grow local, regional and international disruptors • US$1.4 billion to be announced in entrepreneurship, start-ups VCs and ......Read More

Wednesday, February 2, 2022

Wa'ed Increases Ticket Size to SAR 75 Million, Expands Sector Focus

● Aramco’s entrepreneurship arm has provided SAR 409 million ($109.9 million) in funding since 2011 ● Focus for 2022 will be on Sustainability, Manufacturing, Social, Digital, and Industrial sectors February 02, 2022: Wa’ed, the entrepreneurship arm of Aramco, has increased its ticket size ......Read More

Wednesday, February 2, 2022

Logitech to Highlight Transformative Power of Video Collaboration at LEAP

Logitech will demonstrate the power of video collaboration to transform sectors including education and medicine in Saudi Arabia at LEAP Riyadh, Saudi Arabia - 27 January 2022: Logitech is set to showcase a range of high calibre video collaboration solutions at LEAP, the major technology show ......Read More

Thursday, January 27, 2022

Mastercard Installments BNPL Program gives Consumers in the UAE and Saudi Arabia more Payment Choice ...

• New Buy Now, Pay Later (BNPL) program gives consumers a flexible, ubiquitous way to pay online and in-store through equal, interest-free installments – an additional choice to debit, credit or prepaid cards • Mastercard Installments – set to go live this year – will give banks, lenders, fintech companies and ......Read More

Wednesday, January 26, 2022
New Financial Regulations in Formula E will Underpin Long Term Development of the Sport

• New financial regulations approved yesterday by the FIA World Motor Sport Council come into force on 1 October 2022 for Season 9 of the ABB FIA Formula E World Championship • Ahead of the 2022 double-header season opener in Diriyah, KSA next month, two sets of financial regulations announced by the FIA to monitor and control spending levels of competitors: one for Teams and one for Manufacturers • New regulatory framework will enhance long term financial sustainability of Formula E, supporting retention of current participants and attracting investment in the Championship ......Read More

Sunday, December 19, 2021

Saudi Medical Student to Receive LG Electronics' Righteous Person Award

The Award Recognizes The Student for Providing Life Saving Medical Treatment in a Hit and run incident Riyadh, 14 December, 2021 – A medical student has been praised for his heroism after saving another man’s life, following a near fatal incident. Saudi national, Faisal Abdullah Mohammed Al-Ghamdi, is being recognized for his ......Read More

Tuesday, December 14, 2021

Saudi Arabia Ministry of Finance (National Center for Government Resource Systems) and Basamh Tradin ...

• IDC: MENA IT Spend Rebounds to Top USD 77 Billion in 2021 RIYADH, Kingdom of Saudi Arabia — 9 December 2021: Saudi Arabia’s leading innovators, the Ministry of Finance (National Center for Government Resource Systems) and Basamh Trading and Industries Group, are supporting the Middle East ......Read More

Thursday, December 9, 2021

W7Worldwide Becomes First Homegrown Saudi Agency to Win Three Prestigious MEPRA Awards

Jeddah - December 06, 2021: Leading independent communications agency W7Worldwide is the only homegrown Saudi agency to enter and win 3 Middle East Public Relations Association (MEPRA) Awards, competing with the region’s leading agencies. W7Worldwide succeeded in being shortlisted in 13 of the 56 categories, with more than 88 ......Read More

Monday, December 6, 2021
Riyadh Lifestyle Retail Landscape Blooms with 288,000 sqm of New Developments

Riyadh, 6th December: Riyadh’s food and beverage scene is really thriving with 288,000 sqm of restaurant-led lifestyle retail developments, which include 273 new restaurants, spread across 16 lifestyle retail developments, coming to market, since the National Transformation Plan was announced in 2016, according to new research by global real ......Read More

Monday, December 6, 2021

@HACK, The Region's Biggest ever Cybersecurity Event, makes Saudi Arabia The Centre of ICT Security

• 24,872 attendees participate in three-days of @HACK in Riyadh • 200 top-level cybersecurity expert speakers • 600 hours of knowledge sharing and training • SAR 1 million hacking competition reaches its finale Riyadh, Saudi Arabia, 2nd December 2021: @HACK, the largest ever dedicated cybersecurity event ......Read More

Saturday, December 4, 2021

Smart Technologies Signs Partnership Accord With Saudi Arabia's TETCO to Drive Kingdom's EdTech Digi ...

November 27, 2021: Canada-based education software leader eyes further regional expansion in UAE and beyond as modern telecommunications infrastructure powers EdTech potential SMART Technologies (SMART), a global educational software leader specialising in collaboration touch and interactive technology solutions, has amplified expansion ......Read More

Saturday, November 27, 2021

Emerson Signs Agreement with Saudi Aramco Reinforcing Support for IKTVA and Saudi Vision 2030

Memorandum of understanding was signed at the iktva 2022 Forum & Exhibition January 27, 2022 – Emerson (NYSE: EMR) signed a memorandum of understanding with Saudi Arabian Oil Co. at the iktva 2022 Forum & Exhibition recently. The agreement reinforces Emerson and Saudi Aramco’s partnership in advancing localization initiatives in the Kingdom of Saudi Arabia. The signing ceremony was attended by Vidya Ramnath, Emerson’s Middle East and Africa president, and Saudi Aramco Chief Engineer Dr. Khalid Al-Qahtani. “We are grateful for the continued partnership with Saudi Aramco in supporting critical national initiatives such as the In-Kingdom Total Value Add ......Read More

Thursday, January 27, 2022

load more posts