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New research to boost global date fruit production

Today on World Food Day (16 October), a team of Plant Scientists from King Abdullah University for Science and Technology (KAUST) has begun a major project to improve global date palm production and protection. This project is the first time that the date palm genome has been studied so comprehensively. Dr. Ikram Blilou, Professor of Plant Science at King Abdullah University for Science and Technology (KAUST) and her research team in Saudi Arabia have collected samples from date palms by the Quba mosque in Madinah, some of the most ancient date palms in the world. “The date palm is one of the few fruit trees that, remarkably, can grow in the desert, a habitat with an arid climate where extreme temperature changes and drought conditions limit plant growth.  “Within KAUST’s Center for Desert ......read more

Saudi Arabia's new procurement law to significantly impact companies competing for government contracts, says GlobalData

October 14, 2019:   Saudi Arabia’s new public sector procurement law which will come into effect on 29 November, known as the Government Tenders & Procurement Law (GTPL), covers all government projects and aims to streamline procurement and promote the use of local companies on public sector works.  The new law centralises tendering and contracting across government ministries and agencies, and removes the need for a full public tender for particular works and services. It also includes a provision for prioritising local companies, small and medium-sized enterprises and Saudi-listed companies over foreign companies for government contracts. Richard Thompson, Editorial Director at GlobalData, comments: "The new government procurement law will have a significant impact on companies ......read more

Saudi Development and Reconstruction Program for Yemen Delegation Meets with International Agencies in Washington, D.C.

RIYADH, Saudi Arabia, Oct. 14, 2019:   A delegation from the Saudi Development and Reconstruction Program for Yemen (SDRPY) held meetings with development agencies, research institutions and educational organizations in Washington, D.C., to discuss several SDRPY projects being implemented in Yemen. Director of Projects and Studies in the Program, Eng. Hassan Al-Attas, led SDRPY's team in wide-ranging discussions of the development projects to several international agencies, highlighting potential areas of collaboration. The U.S. Agency for International Development (USAID) was represented by Rob Jenkins, Deputy Assistant Administrator for Democracy, Conflict and Humanitarian Assistance, and Jason Foley, Deputy Assistant Administrator for Middle East. The two sides discussed means of enhancing joint ......read more

Saudi Bugshan Barmaja Co. Ltd Partners with Infor for Success

Diversified Saudi Arabian business group to deploy Infor suite to aid expansion plans with a single integrated digital platform   Riyadh, Saudi Arabia – October 14, 2019:   Infor, a global leader in business cloud software specialized by industry, today announced that Saudi Bugshan Barmaja Co. Ltd, a major diversified business group in Saudi Arabia, is digitally transforming its businesses in its home market and overseas with a new suite of Infor solutions. Saudi Bugshan Barmaja Co. Ltd opted for Infor’s solutions following a rigorous selection process that included leading competing solutions providers.   Saudi Bugshan was formed in Makkah in the 1920s as a textile business, but quickly diversified into consumer brands. It now has 30 businesses spread across 10 countries and three continents, involved ......read more

ACCIONA lays the first stone for IWP Shuqaiq-3, one of the largest desalination plants in Saudi Arabia

October 06, 2019:  ACCIONA  a leading company in the development of water infrastructure, together with co-developers Marubeni Corporation, Almar Water Solutions through Abdul Latif Jameel CDC and Rawafid Alhadarah Holding Co, celebrated the cornerstone ceremony of the Shuqaiq-3 desalination plant last Thursday.  The event was held at the Shuqaiq-3 site, located on the Red Sea coast of Saudi Arabia and was attended by several top representatives and officials from Spain including the Councillor for Economic and Financial Affairs of the Spanish Embassy in Riyadh, Mr. José Ramón Ferrandis Muñoz. José Díaz Caneja, CEO of ACCIONA Agua business line; Jesús Sancho, ACCIONA ME Managing Director and Manuel Manjón, ACCIONA Business Development Director attended as well the event.  IWP ......read more

IHG signs agreement to debut voco® in Jeddah

Signing continues accelerated growth of the voco® brand across Saudi Arabia Dubai, United Arab Emirates, 30 September 2019:  IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has signed an agreement with Nouh Mohamad Nouh and Partners Limited. for voco® Jeddah Gate. The latest signing underpinning IHG’s commitment to expand its footprint across the Kingdom. This marks the third voco® signing in Saudi Arabia in a span of 9 months and follows the recent announcement of signing of world’s largest voco® in Makkah.  Expected to open in January 2021, voco® Jeddah Gate will be IHG’s sixth hotel in Jeddah and the fifth brand from the IHG family. The 681-key hotel will occupy a premium location in the Fayhaa area within Jeddah Gate, an integrated ......read more

SANS Institute to Bring Cyber Threat Knowledge and Ethical Hacking Skills to Saudi Arabia at SANS Riyadh

Riyadh, Saudi Arabia, 28 September 2019:   SANS Institute, the global leader in cyber security training and certifications, is hosting its autumn training event in Riyadh this October, providing cyber security professionals in the Kingdom with the hands-on skills and latest tools and techniques to defend their organisations against security breaches and prevent future attacks. SANS Riyadh October will be held from the 5th to the 10th October, 2019 at the Burj Rafal Hotel, Riyadh.  Ned Baltagi, Managing Director, Middle East and Africa at SANS Institute, said: “The recent cyber attacks in the Kingdom of Saudi Arabia have shown that organisations there remain vulnerable. SANS’ courses are designed to train cybersecurity professionals in the Kingdom to defend against all kinds of attack, from sophisticated ......read more

RED Events accelerates growth in MENA with the opening of its new Saudi office

Dubai, United Arab Emirates -  September 26, 2019:   RED Event Services LLC, an event agency offering turn-key event management solutions, announced its expansion into Saudi Arabia with the launch of RED CONNECT. The ISO 9001:2015 and ISO 14001:2015 certified company based in Dubai is the region’s hub for the origination of the best practices in the event industry, with over a decade of experience in the UAE.  "RED is well-poised for regional growth, and I am excited to lead their expansion efforts," said Red Event Services LLC Managing Director Arif Ebrahim. "The event industry is a growing category in the Kingdom, and we have a tremendous opportunity to engage the government, businesses and consumers in the country. We will look to maintain our leadership position in the event industry ......read more

KhalifaSat congratulated people of KSA with a capture of the skyscraper, Kingdom Centre, image from space

September 22, 2019:   KhalifaSat, an earth observation satellite, congratulated people of KSA with a capture of the skyscraper, Kingdom Centre, image from space.  The image is 70 cm in resolution and taken from 6 degrees roll tilt angle.   KhalifaSat was fully developed at MBRSC facilities by Emirati engineers and was launched to space in October 2018. It has 5 patents and seven space innovations making it the most advanced satellite of its category in the world. KhalifaSat provides images with specifications that meet the highest international standards in space images. These high-resolution detailed images help organisations in government and private sectors get accurate data which allow them to monitor environmental changes, detect the effects of global warming, ensure responsible urban planning and ......read more

Emirates Steel to participate in the first Saudi International Iron & Steel Conference

• Emirates Steel is a Rhodium sponsor of the event, held in Riyadh between 16 – 18 September • Steel production capacities in the GCC grew to around17Mt by 2018 and expected to add another 2Mt by the end of 2020.   16 September 2019:  Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), is participating in the First Saudi International Iron & Steel Conference, of which it is its Rhodium Sponsor. At the conference, held in the King Faisal International Conferences Hall at the Intercontinental Hotel in Riyadh from September 16-18, Emirates Steel will be showcasing its extensive range of products to customers from across the GCC.   The Saudi International Iron and Steel Conference will bring leaders of the iron and steel ......read more

Intersec Saudi Arabia relocates to Riyadh

Exhibitors support move to boost key decision-maker access Kingdom’s fire safety systems & equipment market forecast for annual 5.5% growth to 2025   Riyadh, Saudi Arabia - September 10, 2019:  The 4th Intersec Saudi Arabia – the Kingdom’s largest trade fair for security, safety, and fire protection – will next year relocate to Riyadh after three successful annual runs in the nation’s red sea port city of Jeddah.    Intersec Saudi Arabia 2020, which is organised by the Saudi-based ACE Exhibitions under licence from Messe Frankfurt Middle East, will run at the Riyadh International Convention & Exhibition Center (RICEC) from 23 - 25 March and feature more than 100 exhibitors from 20 countries.    The move comes as consultancy 6WResearch forecasts ......read more

VFS Global' s Saudization Initiative Surpasses 50%; Aims to Exceed 60% by 2020

• The company’s internship initiative promotes career opportunities for Tourism majors in KSA   Riyadh, 03 September 2019:  VFS Global, the world’s largest outsourcing and technology services specialist for diplomatic missions worldwide, is welcoming Saudi talent to consider a future in the tourism sector as the country accelerates its efforts towards becoming a world-class tourist hub.    Building on its Saudization initiative, which has achieved 51% and a Platinum status under the Saudi Nitaqat program since being launched across Riyadh, Jeddah and Al Khobar in 2018, VFS Global is encouraging Saudi students to opt for career paths within the organisation as it eyes exceeding 60% Saudization by 2020.   To date, the company’s efforts have been devoted to hiring over 60 ......read more

‘Visions for the future of Saudi Retail' to be held in Riyadh, KSA

MECS +R Spring networking reception in Riyadh will be held on 15th of September 2019   Dubai, September 3rd 2019: The Middle East Council of Shopping Centres & Retailers (MECS+R) will be hosting ‘Visions for the future of Saudi Retail’ at the Hilton Riyadh Hotel and Residences on Sunday, 15th of September from 5:30 pm till 9:00 pm; it invites everyone who is linked to the retail and shopping centre industry. The event will include panel discussions, refreshments and offer ample networking opportunities to the visitors to connect with the key movers and shakers of the Saudi retail space. David Macadam, CEO, MECS+R says “We are planning a power-packed event for the retail professionals in Saudi this month; with panel discussions highlighting the vision for the future of Saudi Retail and inviting some ......read more

IHG invites Saudi talent to establish new brand in Saudi Arabia

Open career day to recruit for 200 positions across two upcoming voco® hotels in KSA   Saudi Arabia, 02 September, 2019:  IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, is hosting an open career day for voco® Makkah, world’s largest voco® hotel and voco® Al Khobar on Thursday, 5th September 2019. Being organized at three locations; Crowne Plaza® Al Khobar, Crowne Plaza® Jeddah and Dar Al Tawhid InterContinental® Makkah between 9am and 5pm, the open day aims to bring together the best talent within the hospitality industry in Saudi Arabia and highlight multiple roles, across profiles, available at voco® hotels in the country.  The newest addition to IHG’s global portfolio of brands, voco® combines the informality and ......read more

ThreatQuotient Set to Make its Debut at MENA ISC 2019

ThreatQuotient to Make Threat Intelligence More Accessible to Cybersecurity Community in Saudi Arabia   Riyadh, Kingdom of Saudi Arabia – September 2, 2019:  ThreatQuotient™, a leading security operations platform innovator, today announced they will be making their first appearance at the MENA Information Security Conference (ISC) in Riyadh this year. ThreatQuotient believes that threat intelligence is the glue that binds together disparate systems and teams, and that a threat-centric security operations platform is foundational to overall security posture. In line with this, ThreatQuotient will use the MENA ISC 2019 platform to promote the ThreatQ platform, to customers and partners. “As the security landscape grows and expands in terms of sophistication and complexity, the Kingdom is ......read more

Blueair Strengthens its Presence in Saudi Arabia

Appoints new distributor to promote Blueair’s best-in-class air purifiers across the Kingdom Riyadh, Kingdom of Saudi Arabia, August 6, 2019:   Blueair, a world leader in air purification solutions, today announced that it has signed on Nikai as its distributor in Saudi Arabia further expanding its reach and sales network across the Kingdom. TR Ganesh, General Manager - Middle East and Africa, Blueair and Sanjeev Jain, CEO of Nikai unveiled Blueair’s full range of Classic, Sense+ and Cabin Air range of indoor and car air purifiers at the launch event, which was held at the Holiday Inn Olaya in Riyadh. “Cities like Riyadh feature high on the list of most air polluted cities in the world and this can be attributed to the country’s hot and humid weather with frequent sand storms. Hence, it is ......read more

Silah Gulf is Official Customer Experience Partner of the Saudi Emerging Technologies Forum

August 01, 2019:   Bahrain, Riyadh- Silah Gulf a leading, multi award winning Customer Experience solutions provider becomes the official customer experience partner of the  Saudi Emerging Technologies Forum to be held in Riyadh, KSA from 11-13th of November, later this year.   Billed as the largest R&D event in the region focused on the disruptive technologies of what has been labelled the Fourth Industrial Revolution, the Saudi Emerging Technologies Forum will welcome over 50 government officials and senior-level executives, more than 50 speakers, leading 12 panel discussions with the participation of 500 attendees, 60 exhibitors, 12 Certified Technical Workshops, 30 Proof of Concepts & Live Demo Sessions, and a dedicated focus day for IIOT. Furthermore, 10 Pioneers in innovation will be celebrated ......read more

Emirates NBD plans further expansion in KSA

Bank granted SAMA approval to open 20 new branches in the Kingdom Riyadh, 21 July, 2019:   Emirates NBD, a leading banking group in the region, today announced plans for further expansion in The Kingdom of Saudi Arabia (KSA), following approval from SAMA (The Saudi Arabian Monetary Authority) to open 20 additional branches in the Kingdom. The announcement reflects KSA’s growing importance to Dubai’s biggest bank by assets as the United Arab Emirates (UAE) continues to strengthen long-standing strategic and economic ties with the Kingdom.  Emirates NBD currently operates four full-fledged branches across the Kingdom’s key regions with two branches in Riyadh, a branch in Jeddah and in the Eastern province in Khobar, providing a full offering to Saudi-based individual and businesses, including ......read more

SANS Institute to Enhance Critical and Strategic Cybersecurity Skills in Saudi Arabia

Saudi -  02 July  2019:    Geopolitical tensions and aggressive external cybersecurity environment are driving the need for highly skilled professionals inside the Kingdom. Riyadh, Saudi Arabia, July 2, 2019: SANS Institute, the global leader in cyber security training, announced SANS Riyadh 2019, a training event for cyber security professionals in Saudi Arabia. The event, which will be held at Burj Rafal Hotel Kempinski, Riyadh from July 28 to August 1, 2019, will focus on developing skills in critical security and strategic security planning.  SANS Riyadh 2019 will include two courses - Implementing and Auditing the Critical Security Controls; and Security Strategic Planning, Policy, and Leadership, conducted by global cybersecurity experts, Brian Ventura and Mark Williams respectively. "Nation ......read more

Redtag's Ramadan Bonanza Winners

Dubai, United Arab Emirates - 29 June 2019:  We had reached out to you pre Ramadan Bonanza campaign announcing REDTAG’s giveaway prizes for Ramadan. 14 people across the GCC have won the mega draw AED/SAR 100,000 each and the details are as below.   We would like you to cover this mega giveaway done by REDTAG.   "REDTAG’s Ramadan Bonanza brought joy to 14 families all over the GCC with a mega prize of AED/SAR 1.4 Million cash! Over the course of five weeks, more than 50 REDTAG customers won AED/SAR 1,000 each every week.   In the last week of Ramadan Bonanza, the grand mega prize draw was held, and 14 winners across GCC were selected.     Below is the list of REDTAG’s lucky winners that took AED/SAR 100,000 home!  REDTAG would like to extend a big ......read more

Oracle Collaborates with Saudi Arabia's OceanX To Support Startup Growth in the Kingdom

Riyadh, Kingdom of Saudi Arabia, 25 June 2019:  Oracle and Saudi Arabia’s leading start up consultancy firm, OceanX today signed a Memorandum of Understanding (MoU) to help Saudi entrepreneurs set up their startups and drive growth with latest digital technologies.  “Entrepreneur success is a key cornerstone of Saudi Arabia’s Vision 2030 framework and vital for the creation of a thriving digital economy. At Oracle, we are focused on supporting the development of Saudi Arabia’s startup community with unique cloud solutions that will allow entrepreneurs to benefit from a virtuous cycle of innovation and achieve desired goals” said Fahad Al Turief, Country Leader, Oracle Saudi Arabia. “As a technology partner for OceanX, we will work directly with the startups and offer expert insights, ......read more

Tenaris rebrands Saudi Steel Pipe

Dammam, Saudi Arabia, June 25, 2019:   Tenaris, a leading supplier of tubes and related services for the world’s energy industry and other industrial applications, has announced that it will rebrand Saudi Steel Pipes (SSP), a welded pipe producer in the Kingdom of Saudi Arabia (KSA), to TenarisSaudiSteelPipes.  The decision follows the integration of SSP into the global commercial and industrial network of Tenaris, after the latter announced the closing of its acquisition of 47.79% of the shares in SSP on January 21, 2019. “The rebranding symbolizes the official integration of Saudi Steel Pipe with Tenaris, marking an important step in our commitment to further expand our footprint and capabilities in the Kingdom of Saudi Arabia,” commented Mariano Armengol, Managing Director and Chief Executive ......read more

Global Cinema Chain, Cinépolis, Announces Six New Cinema Locations in the Kingdom of Saudi Arabia

Cinépolis has announced that it will open 63 screens in six new cinemas across the Kingdom of Saudi Arabia The Cinemas will open in the cites of Riyadh, Jeddah, Dammam, Jazan and Najran The first of the six cinemas will open in Lulu Mall, Dammam in early 2020 Cinépolis will invest USD 300million+ in the Kingdom of Saudi Arabia over the next 3 years   Dubai, United Arab Emirates - 20 June 2019:  Middle East, 20 June 2019: Cinépolis, the largest cinema exhibitor in Latin America and fourth largest exhibition circuit in the world, has announced the locations of six new movie theatres in the Kingdom of Saudi Arabia.    The six cinemas will be rolled out across the Kingdom over the next two years, with the first due to open in Lulu Mall, Dammam, at the end of this year, four scheduled for 2020 ......read more

Roman Reigns will take on Shane McMahon at WWE Super ShowDown in Jeddah

Saudi - May 21, 2019:   What happens when your yard falls smack dab in the middle of someone else’s Universe? You dig in and fight to hold your ground, much like Roman Reigns will look to do when he takes on Shane McMahon at WWE Super ShowDown in Jeddah. Reigns made a jarring first impression during his first night on SmackDown LIVE when he straight up Superman Punched Mr. McMahon. The shocking act caught the attention of not just the WWE Universe, but also The Chairman’s son Shane. Not pleased with The Big Dog’s blatant disrespect for his father, Shane-O-Mac immediately put Roman in his crosshairs, targeting him at every chance for weeks, with some assistance from his new running buddy and the Mr. McMahon-anointed “biggest acquisition in SmackDown LIVE history,” Elias. However, after ......read more

Saudi Arabia's TAQA Drilling Subsidiary Agrees to Acquire Schlumberger's Middle East Drilling Rigs Business for $415 Million

Will create a diversified, pan-regional drilling powerhouse with 58 onshore and 9 offshore rigs and decades of experience across Saudi Arabia, Kuwait, Oman, Iraq and Pakistan. Fully aligned with Saudi Arabia’s Vision 2030, the transaction expected to demonstrate TAQA’s delivery on its transformation strategies to unlock value and drive growth. Dammam, April 29, 2019 -   Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced today that its drilling subsidiary, Arabian Drilling Company (ADC), has agreed to acquire Schlumberger’s Middle East onshore drilling rigs business in Kuwait, Oman, Iraq and Pakistan for $415 million (SAR 1.56 billion). The transaction transforms ADC into a regional drilling leader with one of the largest rig fleets, client portfolios and geographic ......read more

Other Top Stories from Banking and Investments
 
UL Delivers Training to KSA Customs Officials to Fight Counterfeiting…

 UL runs full day training sessions with the customs officers at King Abdulaziz Airport and Jeddah Islamic Sea Port   Customs officers briefed on the registered Marks owned by UL  Officials were also shown counterfeit products previously seized in the region   Jeddah, 25 April 2019:  Global safety science company, UL, is helping KSA implement an ......read more

Saudi Insurance Market Sees Another Profit Decline In 2018…

Saudi Arabia, April 10, 2019:   Profitability in the Saudi Arabian insurance sector continued to weaken in 2018. The "Saudi Insurance Market Sees Another Profit Decline In 2018" report, published April 10, 2019, on RatingsDirect, details how the 33 listed re-insurance companies saw pre-tax income fall 28% last year and 55% in 2017. "We expect conditions to remain ......read more

Visa partners with Starbucks & Hardee's to help promote the use of Apple Pay in KSA and UAE…

Visa’s partnership with Starbucks and Hardee’s entitles Visa cardholders in KSA and UAE to upsize their orders for free when paying with Apple Pay  17 March 2019:   Visa (NYSE:V), the world’s leader in digital payments, today announced partnerships with Starbucks and Hardee’s to accelerate the use and adoption of Apple Pay in the Kingdom of Saudi Arabia ......read more

Apple Pay now available to Visa cardholders in Saudi Arabia…

Transforming mobile payments with an easy, secure, and private way to pay Riyadh, Saudi Arabia; 19 February 2019:  Visa (NYSE:V), the world’s leader in digital payments, today brings Apple Pay to its Saudi-based cardholders. Apple Pay allows prepaid, debit and credit cardholders to make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept ......read more

KSA survey identifies security as top concern in adopting effective intelligent workspace strategies…

IDC Survey commissioned by Citrix analyzes the Kingdom’s readiness to build the future workplace   Riyadh, Saudi Arabia – 19 February 2019: An IDC survey commissioned by Citrix (NASDAQ:CTXS) found security and data leaks to be a key concern in adopting intelligent workplace strategies. The survey results were presented at an event at the Riyadh Four ......read more

MUFG appoints Head of Corporate Banking in Riyadh…

7 February 2019, Saudi – MUFG Bank announces the appointment of Tariq Al Ghaziri as Head of Corporate Banking for MUFG’s Riyadh branch. Prior to joining MUFG in Riyadh, Tariq has held various positions at Riyad Bank for the past 15 years, most recently as Head of Corporate Finance.  Various functions, including Trade Finance, Treasury and Credit Analysis, will report into ......read more

Saudi Finance Minister to Bloomberg: 2.6% GDP Growth In 2019…

January 24, 2019:   Speaking to Bloomberg Television’s Francine Lacqua and Haslinda Amin, Saudi Arabia Finance Minister Mohammed Al-Jadaan said he expects 2.6% GDP growth in 2019.    Other highlights include: • Saudi may issue non-USD bonds this year • Looking at Euro or other currencies for bond ...read more

The Best Finance Leaders in Saudi Arabia honored at Saudi CFO Awards…

Saudi Railway Company, Fawaz A. Alhokair & Co, Saudi Telecom Company and SADAFCO among others awarded for their outstanding performance and exceptional leadership   Riyadh, Saudi Arabia, December 17, 2018:   Held alongside the 6th Annual Saudi Trade Finance Summit, organized by QNA International, at the Al Faisaliah Hotel in Riyadh, the second day witnessed the ......read more

Marafiq Powers the Growth of Saudi Arabia's Largest Industrial Cities and Initiatives with ...…

Marafiq, a utility business in Saudi Arabia, is embarking on a journey to enhance its intelligent, digital-utility enterprise using SAP SAP’s intelligent enterprise enables customer centricity, growth agility, holistic visibility, and differentiate innovation to digitize utility businesses in the Kingdom  December 17, 2018:  As the Saudi Arabian utility sector undergoes ......read more

UAE, Saudi Arabia using fintech for cross-border settlements…

December 15, 2018:  Some media have reported incorrectly that UAE and Saudi Arabia have started using digital currency for cross-border settlements which will be backed by fiat currencies of the 2 nations.  The Central Bank of the UAE (CBUAE) would like to clarify that CBUAE is working with the Saudi Arabian Monetary Authority (SAMA) on a joint project which constitutes a ......read more

2018 Business Review of Saudi Arabia…

December 10, 2018:   Saudi Arabia has experienced tremendous transformation in 2018, bouncing back from low oil prices with the largest expansionary budget and history-making reforms. King Salman’s Vision 2030 was a guiding principle for many of the country’s reforms along with Crown Prince Mohammed’s leadership has lead Saudi Arabia to modernise the Kingdom. Reviewing ......read more

INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait…

Held Under the Patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah 25 November 2018:   INJAZ Al-Arab – member of Junior Achievement Worldwide – is hosting their 12th Annual Young Arab Entrepreneurs Competition in Kuwait between November 26 and 29, 2018. The competition will see 80 students from 11 countries across MENA compete ......read more

Saudi HR leaders to explore macro trends in human development…

Ashridge to coach HR Leaders on maximizing company business value and their strategic impact October 23, 2018:   Saudi Arabia’s Vision 2030 challenges HR leaders in Saudi to take progressive steps to bring about organizational changes aimed at ensuring greater business success.  Ashridge Executive Education has launched a five-day transformational programme aimed at ......read more

Thomson Reuters & The Institute of Finance Inaugurate 10th Compliance and Anti-Money Laundering ...…

RIYADH, SAUDI ARABIA - September 26, 2018:   Thomson Reuters inaugurated the 10th Compliance and Anti-Money Laundering Seminar in association with the Institute of Finance and under the patronage of His Excellency Dr. Ahmed Abdulkarim Akholifey, Governor of the Saudi Arabian Monetary Authority (SAMA) and Chairman of Anti-Money Laundering Permanent Committee (AMLPC)  Speaking at ......read more

Bloomberg and Saudi Research and Marketing Group (SRMG) Unveil New Details of Partnership…

Multi-platform Arabic-language business and financial news service renamed and headquartered in the U.A.E. Saudi Arabia, 17 September, 2018:  Following the announcement made last September by Bloomberg, the global business and financial information and news leader, and Saudi Research and Marketing Group (SRMG), the Middle East's biggest publishing group to launch Bloomberg Al ......read more

PIF Announces Fii 2018 Advisory Board…

FII 2018 advisory board comprised of eleven global executives with diverse insights and expertise Advisory board provides strategic guidance on the development of FII as a platform to help shape the future of global investment   Riyadh, 29 August 2018:  The Public Investment Fund (PIF) of Saudi Arabia has today announced the formation of an advisory board, comprised ......read more

Bank Al Bilad invests in leaders through Ashridge flagship program…

July 18, 2018:   More than 20 senior leaders from Bank Al Bilad recently participated in an Ashridge Executive Education Leadership Development Program in Riyadh. With a focus on building 21st Century Leadership capabilities, this highly experiential and practical learning approach helped leaders communicate their strategic vision, set direction and develop high performing teams to ......read more

Al Basel Group's new jewelry business in KSA to boost localization efforts…

Opening of Albairaq for Diamonds and Jewelry in late 2018 to provide more than 50 per cent job opportunities to Saudi nationals Group eyes investments in KSA’s thriving education sector in line with Saudi Vision 2030  Saudi Arabia, July 12, 2018:  Al Basel Group, one of the leading groups of companies in the UAE that offers a range of specialized services for ......read more

Inaugural class of 50 distinguished Qimam Fellows graduates in Riyadh…

Riyadh, 5th July 2018:   More than 100 senior industry leaders from the private and public sectors as well as noted KSA academia attended the graduation ceremony of the inaugural class of 50 Qimam Fellows yesterday. They commended the quality of Saudi talent represented by Qimam’s inaugural fellowship and the rigorous program that helped develop their leadership skills and build ......read more

ITFC Provides the First Islamic Trade Finance Transaction in the Republic of Uzbekistan…

Saudia Arabia, June 12, 2018:  The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group, and Asia Alliance Bank, a Joint-Stock Commercial Bank in the Republic of Uzbekistan signed today a line of Murabaha Trade Financing Agreement. This is the first operation of ITFC in the Republic of Uzbekistan, and it marks the start of the implementation ......read more

First Ever “Islamic Trade Finance Workshop” Held in Uzbekistan…

Organized by ITFC & UNDP - Uzbekistan Saudi Arabia, May 22, 2018:   The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group, Ministry for Foreign Trade of the Republic of Uzbekistan and United Nations Development Program (UNDP) in Uzbekistan have collaborated together to hold the first Trade Finance workshop titled ......read more

PIF Announces the Future Investment Initiative 2018…

FII 2018 taking place from October 23rd to 25th 2018 in Riyadh, Saudi Arabia Hosted by the Public Investment Fund, the 2018 program will continue to explore the trends, opportunities and challenges shaping the global investment landscape 2018 edition will build on the success of last year’s inaugural event, which brought together over 3,800 participants from more than 90 ......read more

Al-Jazeera Paints Concludes A Program Under Its Sponsorship to Introduce Parents to Registration ...…

May 07, 2018 : The General Directorate of Education in Asir Region concluded its program to introduce parents and educate them about the regulations for admission of new male and female students and the registration mechanism in "Noor" system for joining the first grade, which was organized by the Department of Testing and Acceptance of Asir Education for 6 days under the ......read more

Trend Micro Highlights the Need to Bolster Digital Security with KSA's Smart City Transformation…

Saudi Arabia’s ICT spend to reach US$ 40 billion this year Trend Micro participates in Smart Transformation Summit as strategic partner May 2, 2018 - Dubai, UAE   Saudi Arabia’s digital transformation continues to burgeon with reports showing that the Kingdom’s ICT spend grew 6 per cent in 2017 to over US$36 billion and is predicted to expand further this ......read more

Corporate Finance Advisory Firm LUMINA Expands to Saudi Arabia…

Move enables LUMINA to link the UK, UAE and KSA markets for capital flows and M&A deals Ex-PwC Corporate Finance head for Saudi Arabia, Andrew Nichol, joins the specialist corporate finance firm as Partner to lead KSA coverage Follows recent announcement of Ex-Emirates NBD CEO Rick Pudner as Executive Chairman to lead the firm’s expansion across the UK and Middle East Endorses ......read more

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