, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
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Philma Gomes-ellis Appointed Director of Sales and Marketing at Shangri-la Jeddah

Jeddah, 27 September 2023 – Shangri-La Jeddah announces the appointment of Philma Gomes-Ellis as Director of Sales and Marketing. With 28 years of progressive experience in luxury hospitality sales & marketing across South Africa, Kenya, Jordan and Kuwait, her appointment aligns seamlessly with Shangri-La Jeddah’s overarching vision of fostering an inclusive and diverse global community.  Philma Gomes-Ellis is a valued addition to the hotel's already distinguished team, which boasts a commitment to diversity and inclusivity, with over 25% of the current team members female, and this number is steadily growing. Philma's extensive expertise and leadership will undoubtedly play a pivotal role in maintaining and further enhancing the hotel's reputation for excellence. A seasoned and accomplished more

Saudi Arabia Eyes F&B Sector Top Table as 200+ Global Investors Prepare to Gather at Inaugural Inflavour

His Royal Highness Prince Khaled bin Alwaleed bin Talal Al Saud, Founder and CEO of KBW Ventures, will head an elite judging panel at InFlavour’s Five-Star Pitch Fest First in the food industry InFlavour Investor Programme to leverage bountiful import, export, and re-export opportunities in KSA’s growing food service sector at Riyadh mega event this October Invest & Indulge Stage explores global tech and trends driving sustainable food investment ecosystem; VC leaders from Big Idea Ventures, Brinc, and Blue Horizon set to attend Riyadh, Saudi Arabia | September 26 2023: More than 200 globally prominent investors and venture capitalists will gather in Saudi Arabia this October as part of the first edition of InFlavour – the new, Riyadh-based food sector showcase that aims to become one of the world’s more

Innovest Signs MOUs with Leading Industry Partners to Drive Homeowner Population in the Kingdom'

• The MOUs aim to support prospective homebuyers via the provision of financial solutions and access to government resources, such as the Sakani Programme. • The signings with key industry partners follow the recent launch of Innovest’s Jadan Communities.   The Kingdom of Saudi Arabia, 21 September 2023: Innovest, a premier investment and development company focussed on creating unique lifestyle communities throughout Saudi Arabia, signed several strategic Memoranda of Understanding (MOUs) at Cityscape Global in Riyadh last week. The signings are in collaboration with key industry partners – including notable financial institutions, construction companies, global project developers, and real estate investment firms. The agreements align with the Saudi Vision 2030 principle of boosting the local real more

Cisco Survey Finds 92% of Respondents in KSA Willing to Pay More for Sustainable Broadband

News Summary:  • Saudi Arabia records the highest percentage in EMEA (Europe, Middle East and Africa), with 91% of respondents in KSA seeing broadband as critical national infrastructure, like access to water or electricity.  • Sustainability is now a key driver of consumer choice with 65% concerned about the carbon footprint of their Internet, and 92% of respondents willing to pay more for sustainable broadband.   Riyadh, Saudi Arabia, September 19, 2023 – The latest Cisco Broadband Survey1 – which included 2,000 respondents from Saudi Arabia – has found that evolving consumer expectations will reshape the needs and economics of the Internet.    Consumers in Saudi Arabia are rethinking what they rely on the Internet for, balancing anticipated demands for speed and more

Saudi Exchange Launches Four New Indices

• The four new Tadawul indices are: The Tadawul Large Cap Index, Tadawul Medium Cap Index, Tadawul Small Cap Index, and the Tadawul IPO Index • The launch of the indices aligns with the Saudi Exchange's ongoing initiatives to provide investors with enhanced benchmark opportunities and stimulate growth in new products for investors.   Riyadh, Saudi Arabia – 18 September 2023 : The Saudi Exchange has launched four new indices, marking a significant step forward in the development of the Saudi capital market. These indices, based on company size and IPO performance, provide investors with a broad range of investment benchmarks while enabling institutions to offer new products to meet growing investor strategies.    The Size Indices introduced by the Saudi Exchange reflect the market's more

Innovest Signs MOUs with Leading Industry Partners to Drive Homeowner Population in the Kingdom

• The MOUs aim to support prospective homebuyers via the provision of financial solutions and access to government resources, such as the Sakani Programme.  • The signings with key industry partners follow the recent launch of Innovest’s Jadan Communities.      The Kingdom of Saudi Arabia, 14 September 2023: Innovest, a premier investment and development company focussed on creating unique lifestyle communities throughout Saudi Arabia, has signed several strategic Memoranda of Understanding (MOUs) at Cityscape Global in Riyadh. The signings are in collaboration with key industry partners – including notable financial institutions, construction companies, global project developers, and real estate investment firms.    The agreements align with the Saudi Vision 2030 more

VFS Global brings Passport and Attestation Services Closer to Home for Indian Citizens in KSA

• VFS Global will conduct consular camps in KSA till the end of the year • The Camps will offer Passport Renewal and Document Attestation services for Indian citizens residing in Saudi Arabia     To ease the passport renewal process for Indian citizens residing in the Kingdom of Saudi Arabia (KSA), the Embassy/ Consulate of India in KSA has unified efforts with VFS Global, the world’s largest visa outsourcing and technology services specialist for governments and diplomatic missions worldwide, to organise scattered tours to collect passport renewal applications & Documents Attestations for Indian communities residing in the remote locations of the central, eastern and western regions of the Kingdom.   VFS Global has been conducting these Consular Camps since 2009, covering Bisha, more

Mighty Buildings Raises $52 Million Co-led by Wa'ed Ventures and BOLD Capital to Accelerate Global Expansion

 Expansion round was co-led by Aramco’s Wa’ed Venture and BOLD Capital, with participation by Khosla Ventures and 15 other new and existing investors   New money brings the total funding raised since inception to $153 million  Funds to be used to build out Mighty Buildings’ factories in North America and expand operations to Saudi Arabia and the United Arab Emirates   September 12, 2023 – Mighty Buildings, the leader in 3D printing construction technology known for its prefabricated, environmentally friendly and climate-resilient homes, today announced that it has raised $52 million in funding. This latest round demonstrates strong investor confidence in Mighty Buildings' innovative offsite 3D printing construction technology.   The round was co-led by more

Bupa Arabia Becomes the “Exclusive Health Insurance Provider” for DOAM Loyalty Program

Riyadh:  In a significant development aimed at investing in and developing human capital, the Ministry of Human Resources and Social Development has partnered with Bupa Arabia for Cooperative Insurance as the exclusive provider of health insurance services for the newly launched "DOAM" job loyalty program, targeting over 1.2 million male and female public sector employees across Saudi Arabia.  The DOAM program, initiated under the guidance of the visionary leadership, aligns with the ambitious goals of Saudi Vision 2030 by bolstering the government sector and recognizing the dedicated contributions of public sector employees. It seeks to foster a dynamic and productive work environment through the implementation of performance standards that promote a culture of job excellence, elevate employee productivity, and more

New Report Unveils Initiatives for Digital Transformation of SMEs in Saudi Arabia

• Led by the Centre for the Fourth Industrial Revolution- in the Kingdom of Saudi Arabia (C4IR-KSA) as part of the Centre’s project (Accelerating the Impact of Industrial Internet of Things for Small & Medium Enterprises), Co-branded with the World Economic Forum (WEF), and Co-authored by the Saudi Ministry of Industry and Mineral Resources (MIM), the Saudi Authority for Industrial Cities and Technology Zones (MODON), and Arthur D. Little (ADL), the report highlights some of the leading efforts currently taking place in KSA to support the digital transformation and technological advancement in the industrial sector. • By unlocking the full potential of industrial SMEs and enabling their digital and technological transformation, the report reveals a roadmap to fuel economic growth and enhance global competitiveness more

APICORP Posts Highest-ever Half-year Net Comprehensive Income, Recording an Increase of 87% to USD 108.7mn

• Net comprehensive income recorded a significant 87% YoY growth to USD 108.7mn • Net operating income increased 32% YoY to USD 129mn YoY  • Total assets grew 10.3% from December 2022 to June 2023 • A new five-year corporate & business strategy has been finalized, which will usher in the next phase of growth.   Riyadh, Saudi Arabia, 5 September  2023 – The Arab Petroleum Investments Corporation (APICORP), a multilateral energy-focused financial institution, today announced its financial results for the period ending June 30, 2023.   APICORP reported strong results, recording its highest-ever half year net comprehensive income of USD 108.7mn, a significant 87% year-on-year (YoY) compared to June 2022. Net operating income increased 32% YoY to USD 129mn, capitalizing on more

Wa'ed Ventures leads a SAR 100 million Series A round for Rewaa, with participation from STC's CIF, to become the largest Series A funding round for a SaaS Company in the Region

• With the size of the funding round, Rewaa’s Series A is the largest Series A SaaS in the MENA region. • The Series A investor cohort includes Aramco’s Wa’ed Ventures and STC’s Corporate Investment Fund (CIF), and Silicon Valley investor Graphene Ventures, along with five of the top venture capital firms in the region. • Since its founding, the company has provided solutions to more than 7,000 retailers in    the Kingdom and abroad and has created over 250 local jobs. • Rewaa was recently selected by Ministry of Communications and Information Technology (MCIT) among the first cohort of the Saudi Unicorns Program, a national program supporting high-growth tech companies on their way to achieving unicorn status.   Riyadh, Saudi Arabia - August 28, 2023 – more

Parsons Wins 5-Year Contract with King Abdullah Financial District Development and Management Company

Riyadh, Saudi Arabia (August 23, 2023) - Parsons Corporation (NYSE: PSN) announced today that the company was awarded a 5-year contract by the King Abdullah Financial District Development and Management Company (KAFD DMC) for project and construction management services in Saudi Arabia’s prime business and lifestyle destination, the King Abdullah Financial District (KAFD). The contract supports the expansion of KAFD in new, undeveloped land.  Located in the heart of Riyadh, the capital of Saudi Arabia, KAFD features 1.6 million square meters of state-of-the-art office space, world-class facilities, and iconic luxury residences designed to transform how urban communities live, work, and play. It is the first vertical city solution in Saudi Arabia, comprising a 5-asset class mixed use living district, a key driver of more

Hilton Brings First Internationally Branded Airport Hotel to Saudi Arabia with Signing of Hilton Dammam Airport

The property joins Hilton’s expanding portfolio in Saudi Arabia, serving the eastern region with direct access to King Fahd International Airport    Left to right: Mohammed Almusbahi, Director, Al Musbah Group, Eng. Mohammed Al Hassany, CEO, DACO, and Amir Lababedi, Managing Director, Development, Middle East & North Africa, Hilton   DAMMAM Saudi Arabia, 22 August 2023 – Hilton (NYSE: HLT) is continuing its expansion across Saudi Arabia with the signing of Hilton Dammam Airport, its first airport hotel in the country. The 273-key property will be completed in partnership with Al Musbah Group and Damman Airports Company (DACO).    Hilton Dammam Airport will offer guests spacious and contemporary accommodation with direct skywalk access to the terminal building at King Fahd International more

Hilton Brings First Internationally Branded Airport Hotel to Saudi Arabia with Signing of Hilton Dammam Airport

The property joins Hilton’s expanding portfolio in Saudi Arabia, serving the eastern region with direct access to King Fahd International Airport    eft to right: Mohammed Almusbahi, Director, Al Musbah Group, Eng. Mohammed Al Hassany, CEO, DACO, and Amir Lababedi, Managing Director, Development, Middle East & North Africa, Hilton   DAMMAM Saudi Arabia, 17 August 2023 – Hilton (NYSE: HLT) is continuing its expansion across Saudi Arabia with the signing of Hilton Dammam Airport, its first airport hotel in the country. The 273-key property will be completed in partnership with Al Musbah Group and Damman Airports Company (DACO).    Hilton Dammam Airport will offer guests spacious and contemporary accommodation with direct skywalk access to the terminal building at King Fahd International more

Moody's Reaffirms APICORP Rating at 'Aa2' with 'Stable' Outlook

• Moody’s Rating reaffirms APICORP’s high capital adequacy, supported by a track record of strong profitability and robust asset quality. • APICORP has a well-diversified funding structure and high shareholder support derived from large callable capital buffers and a robust enforcement mechanism.    Saudi Arabia, August 14 2023 - The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, announced that Moody's Investors Service (Moody's) had reaffirmed its credit rating as a Long-Term Issuer at 'Aa2' with a Stable outlook.    The ratings reflect APICORP’s ample liquidity to cover upcoming net cash due to its well-diversified funding structure and shareholder support from callable capital, and strong enforcement more

ACWA Power Reports Robust Results for the First Half of 2023

• Net profit attributed to equity holders at SAR 684 million, up 26% year-on-year  • Annual dividend of SAR 607 million (SAR 0.83 per share) for 2022 fully paid on 12 July   Riyadh, Saudi Arabia; 10 August, 2023: ACWA Power Company, a publicly listed company on the Saudi Arabian Tadawul stock exchange (ACWA Power: 2082), today announced financial results for the six-month period ending 30 June 2023.    Supported by higher operating income, the Company’s net profit—attributable to equity holders of the parent—has increased by 26% versus the first half of 2022 and reached SAR 684 million. Financial expenses were higher mainly on account of the new debt issuance for growth and the continuous increase in market rates. This was more than offset by increase in other income and more

Tanweer Jameel Program Rewards Exceptional Orphans with Educational Trips

Jeddah, Saudi Arabia, 9 August 2023: The Tanweer Jameel programme recently concluded its summer trips, which served as rewards for orphans with outstanding academic performance throughout the year 2023. Organised by Community Jameel Saudi Foundation, a philanthropic organization that was established by Shaikh Mohammed Jameel and offer many programmes and initiatives that aim to achieve economic, social, technological, and environmental prosperity in Saudi in accordance with Vision 2030, in collaboration with the Rehabilitation and Social Guidance Agency of the Ministry of Human Resources and Social Development. The summer trips took place in July and included two separate journeys, one to Japan for girls and another to Thailand for boys. A total of 40 students between the ages of 13 and 18, from various orphanages across the Kingdom, more

Saudi Arabia's Real Estate Sector Saw its Positive Momentum Continue in the Second Quarter of 2023, says CBRE

CBRE releases its Saudi Arabia Real Estate Market Review Q2 2023 Riyadh – August 3, 2023 – Saudi Arabia’s real estate market maintained its growth momentum in the second quarter of 2023, with most sectors recording high levels of activity across the Kingdom’s major cities.  Looking at Saudi Arabia’s office sector figures, occupier demand from international and government entities continued to be prevalent in Riyadh. Office rents in Riyadh maintained strong performance levels, with Grade A rents growing by 12.2% and Grade B rents rising by 14.4% year-on-year to Q2 2023. Average occupancy for both segments in the capital also rose, with Grade A occupancy reaching 99.9% and Grade B offices now standing at 99.4%. In Jeddah, the Grade A segment recorded the highest rate of growth in rents among more

Arabian Drilling Announces Ten New Land Rig Contract Awards for ARAMCO's Unconventional Program

Al-Khobar, KSA – July 31st, 2023: Arabian Drilling Company (“Arabian Drilling” or the “Company”) (Tadawul symbol: 2381), one of the largest national onshore and offshore drilling contractor in Saudi Arabia, announced today multiple contracts awards from Aramco for ten (10) additional Land Rigs. The contracts' firm terms durations (i.e., excluding options) are five (5) years with estimated aggregate contracts value representing over three (3) billion Saudi Riyals. These ten (10) contracts awards are for additional land rigs assigned to Aramco’s Unconventional Program. All ten (10) land rigs are new-builds to be added to the Company’s current land rig fleet of 38 units, representing a land rig fleet increase of 26%.  COMMENTS Ghassan Mirdad, Chief Executive Officer of Arabian more

First Milling Company Records SAR 470 Million H1 2023 Revenue amid Continued Execution of Growth Strategy

Jeddah, Saudi Arabia – 31 July 2023 - First Milling Company (the “Company”, or “First Mills”), a market-leading Saudi milling company, today announced its financial performance for the first half (H1) and second quarter (Q2) of 2023. TOPLINE GROWTH AND DOUBLE-DIGIT MARGINS DRIVEN BY CONSISTENT STRATEGY EXECUTION  First Mills achieved a 4.5% year-on-year (YoY) growth in sales in H1 2023, generating a total revenue of SAR 470 million. This topline growth is attributed to the successful execution of the Company’s growth strategy through its business to business and retail channels. In Q2 2023, revenue rose 3.4% YoY, reaching SAR 214 million, supported by the Company’s efforts to optimize efficiencies and enhance capacities. As a result, capacity utilization for Q2 2023 reached 99%, more

PIF Announces the Establishment of the Saudi Tourism Investment Company “Asfar”

• Asfar will focus on investing in tourism projects and destinations in cities across Saudi Arabia • The company will enable the private sector through co-investment, creating opportunities for local suppliers, contractors, and SMEs  • Asfar will support the national target of attracting 100 million domestic and international visitors per year by 2030   RIYADH – 27 July, 2023: The Public Investment Fund (PIF) announced today the establishment of the Saudi Tourism Investment Company (Asfar or the Company) to support the growth of the country’s tourism sector. The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist attractions, retail, and food and beverage offerings in cities across Saudi Arabia, in addition to investing in the local more

Saudi Arabia Strongly Positioned to become a Global Biotech Hub Following USD3.9 billion R&D Funding

• Saudi Arabia has invested USD3.9 billion in research and development since 2021 and established state-of-the-art biotech clusters • The Kingdom’s biotech industry can contribute to economic diversification and support many critical ambitions of Saudi Vision 2030 • Globally, the biotech industry continues to grow rapidly, touching areas as varied as human health, agriculture, resource recovery, and recycling   Riyadh, KSA – 26 July 2023: Saudi Arabia has the potential to become a world-leading hub for biotech research, development, and pharmaceutical manufacturing driving economic diversity and addressing national healthcare and food security issues, according to the latest report by Strategy& Middle East, part of the PwC network, titled "Accelerating Saudi Arabia’s more

Tanmiah Secures SAR 200mn Investment in Saudi Arabia, Enhancing Expansion through Partnerships with Dutch Companies

Riyadh, 25 July 2023 – Tanmiah Food Company has been implementing its strategic growth plans since early 2020, by expanding its operations and investing in modern equipment and technologies from renowned Dutch companies such as Marel BV, Mavitec BV, Ottevanger Milling Engineers, Van Aarsen International, Prinzen BV, Colubris Cleantech BV, GEA Netherlands, JBTC Netherlands, Viscon Group and Meyn Food Processing, for delivering high-quality products. These investments totaling SAR 200m, are expected to support the Company's growth plans. Recently, the Company signed agreements with several Dutch companies valued at nearly EUR 48mn through Sharia-compliant financing from Rabobank, a Dutch multinational banking and financial services company. The agreement strengthens the partnership, knowledge sharing, innovation, investment, more

W7Worldwide Report: PR key to Sustainability and Ease Climate Impact

Saudi Arabia’s leading award-winning marketing consultancy releases an insight report on the role of the PR sector in combatting the climate crisis Jeddah:  Amid the growing threat of climate change, W7Worldwide — Saudi Arabia’s leading homegrown marketing consulting agency — recently published an insight report titled “The PR Role in Climate Crisis” to press home the urgency of the situation.  According the report, the world is grappling with an imminent crisis of climate change.  “We are already witnessing increased floods, droughts, intense rains, and a visible surge in frequent and severe heat waves,” it says.  The consequences are colossal and the climate change crisis stands as one of the most threatening and severe challenges plaguing the more

Saudi Residential Transactions Decline by 32% in H1 2023

Saudi Arabia | 25th July 2023: Global real estate consultancy Knight Frank has released its Saudi Residential Market Review – Summer 2023. According to the report, the residential sector experienced a significant decline in transactions during the first half of 2023, with a 32% decrease compared to the previous year.  The report reveals that approximately 70,000 transactions were recorded between January and June, marking a notable drop from the 103,000 transactions observed during the same period last year.  The total value of transactions experienced a slower decline of 28% during the same period, indicating a continued rise in unit prices across the Kingdom. The declining trend in the number of mortgages issued also reflects the market's challenges, with a 34.9% decrease compared to the previous year, more

Kyndryl and Monstarlab Partner to Fuel Customer Innovation

Collaborative co-creation to empower customers to solve challenges, transform systems and accelerate outcomes   RIYADH & DUBAI, July 24 2023 – Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, and Monstarlab, a global leader in digital transformation and innovation consulting, today announced a strategic collaboration to support customers in the Middle East to achieve their digital strategy goals and accelerate the region’s transformation into a leading digital economy. According to an IDC report, digital transformation investments in the Middle East, Turkey, and Africa are set to more than double from 2021–2026. By 2026, those investments will top $74 billion and account for 43.2% of all investments in information and communications technology (ICT). Businesses more

APICORP's ‘AA' Credit Rating Affirmed by Fitch

• Rating testifies to APICORP’s strong liquidity and risk profiles • APICORP bolsters position as one of the highest rated financial institutions in MENA   Saudi Arabia, July 18, 2023 - The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, announces that Fitch Ratings has affirmed its credit rating as a Long-Term Issuer Default Rating (IDR) at 'AA' with a Positive Outlook.   Fitch also affirmed the ‘AA’ long-term ratings on APICORP's Global Medium-Term Note program, debt issues and its Sukuk program.   The ratings are driven by APICORP’s strong credit profile based on the lower of its solvency and improved liquidity assessment, coupled with a 'medium risk' business environment and more

National Housing Company Launches "Sadayem" Suburb, the Innovative Integrated Living Project in Jeddah

Jeddah, July 18th, 2023: The National Housing Company (NHC) launched its latest uber luxury housing project, the “Sadayem” Suburb, in North Obhur in Jeddah. The launch ceremony, organized under the patronage of H.R.H. Prince Badr bin Sultan bin Abdulaziz, Deputy Governor of Makkah Region, the Suburb was officially inaugurated by H.H. Prince Saud bin Abdullah bin Jalawi, Governor of Jeddah. Also present on the occasion were H.E. Abdullah AlBudair, Vice Minister of Municipal and Rural Affairs and Housing, and Mr. Yazid bin Ibrahim Al-Nafisa, Deputy Executive President of the National Housing Company. The "Sadayem" suburb covers a total area exceeding 3.8 million square meters and houses over 8,000 residential units, including villas, apartments, and townhouses. The integrated structures boast architectural designs more

ACWA Power Extends Cooperation with Desalination Membrane Solutions Provider Toray

• ACWA Power and Toray Industries to jointly research energy-saving technologies for seawater reverse osmosis (SWRO) desalination plants • Toray to analyse ACWA Power’s operational plants to provide commercially viable solutions to improve energy efficiency   Riyadh, Saudi Arabia – 16 July 2023: ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, today signed a memorandum of understanding (MoU) with Japanese technology provider Toray Industries, to explore energy-saving technologies for seawater reverse osmosis (SWRO) desalination plants.   Signed on the sidelines of the Saudi-Japan Investment Roundtable organised by the Ministry of Investment, the MoU will see the two more

In a New Report, the Ministry of Economy and Planning Sheds Light on the State of the Saudi Economy 2022

The Ministry of Economy and Planning (MEP) has issued the State of the Saudi Economy Report 2022, which provides a comprehensive overview of the economy across eight categories: real gross domestic product, monetary policy, financial measures, economic diversification, financial markets, households, investment and trade, as well as job markets. The report shows how the Kingdom's economy has overcome many difficult global challenges during the past three years, from the COVID-19 pandemic to the Russia-Ukrainian crisis, and the accompanying global wave of inflation. In 2022, the Saudi economy outpaced that of other G20 countries, with its face value exceeding $1 trillion for the first time in history. The report also sheds light on the Kingdom's overall approach to economic growth, including financial resilience, more

ESG Emerging As A Key Driver as Riyadh's Grade A Office Space Hits 98% Occupancy

Saudi Arabia, 12th July 2023 - Sustainability is a fundamental aspect of Vision 2030, and Saudi Arabia is committed to achieving its net-zero target by 2060; however, the adoption of sustainability considerations remains its initial stages in Saudi Arabia.  As the concept of Environmental, Social, and Governance (ESG) gains momentum in the region, Saudi Arabia has implemented various initiatives to promote sustainable practices. These efforts are outlined in Knight Frank’s recently published report,"Sustainable Saudi: Exploring the ESG Vision.”  Faisal Durrani, Head of Middle East Research, says, "As we witness the transformative power of sustainable initiatives in Saudi Arabia, it is evident that the Kingdom is embracing the path to a greener and more responsible future. With an ambitious target to more

Opensignal: Saudi Arabia Among Top Countries with Best 5G Experience

- The Opensignal report sheds light on 5G’s performance in the GCC countries - 5G speeds continue to be impressive in the GCC region     Jeddah:  In Opensignal’s June report, the Kingdom of Saudi Arabia does astonishingly well as the Kingdom along with Kuwait registered the biggest jump in video experience in the region using 5G. (You can view the full report here: Benchmarking the GCC 5G Experience — June 2023 | Opensignal )   According to the report, 5G users in three GCC markets spend more than one-fifth of their time with an active 5G connection. Kuwait tops with a 5G Availability of 39.4%.  However, the GCC market with the largest land area — Saudi Arabia with 23.5% 5G Availability — is part of this leading group, an impressive achievement for such a sizable more

Dragos' New Global Partner Program will Transfer Knowledge to Partners

Dragos Global Partner Program develops resellers into ICS/OT cybersecurity experts and advisors with the full spectrum of OT cybersecurity offerings in their portfolios     Riyadh:     Dragos Inc., the global leader in cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments, has recently launched the Dragos Global Partner Program, the only channel program to comprise OT cybersecurity technology, services, and threat intelligence.   The Partner Program of Dragos — a global cybersecurity leader for ICS/OT environments — also offers training to partners to enable them to offer their customers services based on Dragos’s proven assessment methodology; resell the Dragos Platform including asset discovery, threat detection, and vulnerability management; more

Red Sea Global and North Sails bring Regenerative Tourism and Sustainable Sailing and Water Sports Together

Unveiled at the Genoa leg of The Ocean Race, the collaboration extends to sustainability initiatives, including education for young people and growing water sports on the Red Sea.   Riyadh, 3 July, 2023: Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourist destinations, The Red Sea and Amaala, has today announced a strategic partnership with North Sails, the world’s leading sailmaker and apparel company.   The partnership will first see North Sails Apparel provide RSG’s water sports brand, WAMA, with Performance Apparel for all sailing and water sports staff. The collaboration will expand to retail, merchandise and working with the wider North Sails Group across tech, innovation and delivering kite, foil, sails and apparel, footwear and accessories, more

Commvault Selects AlJammaz Technologies to become a Key Distributor in the Kingdom of Saudi Arabia

Riyadh, Saudi Arabia – 03 July, 2023 – Commvault®, an enterprise data protection leader for today's global businesses and one of the first data protection vendors to introduce cyber deception, has partnered with AlJammaz Technologies in the Kingdom of Saudi Arabia (KSA). AlJammaz Technologies will now become an official Commvault Value Added distributor in KSA following the agreement, which will help drive digital transformation, improve data protection and increase cyber security for a wide range of businesses.   Organizations in Saudi Arabia fell victim to some of the highest number of ransomware attacks out of all GCC countries between mid-2021 and mid-2022[1]. Many businesses in Saudi Arabia are continuing to invest heavily in digital transformation, with cloud infrastructure remaining the most more

Hajj Reflects the Power of Communication

Communication is as old as mankind. Conversation or communication is central to human relationships — in social life, business, education, governance, or any other means of human activity. It involves the exchange of ideas, messages, or information by speech, signals, or writing. We need different ways of communication to share views and opinions with others, understand each other, resolve conflicts, and build warm and trusted relationships. Any ruptures in communications and we are rendered dysfunctional. In Islam, communication has been an instrumental and integral part since its inception. Inherent in Islamic teachings are basic rights of communication, including the rights to know, read, write and speak. The whole Islamic premise was always based on communication involving the sending of prophets and books with the more

Jasara Taps SAP Cloud Solutions to Accelerate Digital Transformation

• Strategic partnership with SAP enables Jasara's cloud-first approach, driving operational excellence and innovation   RIYADH, KSA — 19 June 2023 — Jasara, a leading project management company and joint venture between Saudi Aramco, Public Investment Fund (PIF), and Jacobs, has announced a strategic partnership with SAP, a global leader in enterprise application software, to accelerate its digital transformation journey. As part of this transformation, Jasara is adopting a cloud-first strategy, deploying a suite of advanced SAP solutions on the public cloud, with RISE with SAP at its core.   RISE with SAP, SAP's flagship cloud ERP solution, will serve as the foundation of this digital transformation. RISE with SAP simplifies the move to the cloud by providing a comprehensive offering that more

Cisco Announces Plan to Establish Edge Data Center in Saudi Arabia for Cloud Security Services

News Summary:    • New data center for cloud-delivered security will help customers to protect users, infrastructure, and investments. • The data center will support Cisco’s cloud security services including its new Secure Service Edge (SSE) solution, Cisco Secure Access. • Customers will experience the benefits of Cisco’s co-located edge data center with the scalability of public cloud.     RIYADH, Saudi Arabia, June 18, 2023 — Cisco announced plans to establish a data center for cloud-delivered security in the Kingdom of Saudi Arabia (KSA) to help customers protect their users, infrastructure, and investments against threat actors. The announcement is part of Cisco’s continued effort to empower organizations locally and in the region with flexible security more

ACWA Power and Huawei to Spur Innovation in Local Renewable Energy and Storage Development

- MOU agreement to enable joint development of innovative technologies and solutions to significantly enhance renewable energy efficiency and optimize the implementation costs - Partnership to also foster technology transfer and support socio-economic growth in Saudi Arabia by investing in renewable energy initiatives.   Riyadh, Saudi Arabia - June 16 2023 - ACWA Power, a developer, investor and operator of power generation, water desalination, and green hydrogen plants, has announced a significant milestone in its pursuit of renewable energy excellence. The company has signed a memorandum of understanding (MoU) with Huawei Digital Power, a leading global provider of digital power products and solutions, to establish a joint-innovation program, to drive the growth of local industries and expedite decarbonization targets in more

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The Group consolidates its global presence with a specialist office in KSA   Riyadh, KSA, 14th June 2023: PRCO Group, the leading independent luxury hospitality, lifestyle and real estate communications agency, today announced the launch of PRCO KSA and the opening of the company's first office in Riyadh. The new Riyadh office consolidates PRCO’s presence in KSA and joins more

Misk Foundation Graduates 20 Startups in the Fourth Cohort of Misk Accelerator…

• The fourth cohort comes as part of Misk Foundation's efforts and initiatives to support the entrepreneurial ecosystem in the Kingdom and promote the growth of a new generation of tech startups   Riyadh, Saudi Arabia: 14 June 2022 – The Mohammed bin Salman Foundation “Misk” has announced the graduation of 20 tech startups from the fourth cohort of the more

#Red_Sea_International Completes 51% Stake Acquisition in First Fix…

Riyadh: Red Sea International (RSI) announced the acquisition of 51% of the share capital of The Fundamental Installation for Electric Work Company Ltd, First Fix, by means of cash consideration. The agreement was executed on Tuesday in Riyadh. The acquisition closure will be subject to satisfaction of certain regulatory and corporate conditions, as well as RSI’s due diligence. RSI is more

Unveiling the Future of Learning: Saudi Arabia Ministry of Communications and Information ...…

Riyadh, Kingdom of Saudi Arabia, June 2023: InnoXera Global EdTech Summit, the largest EdTech summit in the region, is set to host its Saudi edition in Riyadh on the 19th and 20th of June at the King Abdullah Financial District. Sponsored by Saudi Arabia Ministry of Communications and Information Technology and organised by  leading eLearning company, Classera, InnoXera is designed to more

First Milling Company Completion of Retail Offering Period…

Jeddah, Saudi Arabia – 12 June 2023 – First Milling Company (the “Company” or “First Mills”), a market-leading Saudi milling company, along with financial advisor SNB Capital, announces the successful completion of the Final Allotment of Shares in relation to its Initial Public Offering (the “IPO” or the “Offering”). Following the more

The Petal Ads Roadshow 2023 Unveiled the New Era of Mobile Advertising in Saudi Arabia…

Riyadh, Kingdom of Saudi Arabia – 09 June 2023: Petal Ads, a leading advertising platform by Huawei Mobile Services, introduced a whole new world of advertising opportunities and unrivaled targeting capabilities to the Kingdom of Saudi Arabia. The Petal Ads Roadshow 2023, an exclusive event hosted at the luxurious Park Hyatt Jeddah on 8th June 2023 in partnership with Social Clinic, a Petal more

Building Leisure Buildings Launched in Saudi Arabia…

Showcasing the Future of Leisure Construction   Riyadh, Saudi Arabia - June 8, 2023 - Building Leisure Buildings, the premier invitation-only business community for global investors, architects, consultants, contractors, and operators, announced its official launch in Saudi Arabia. The private VIP event, hosted at the iconic Hilton Riyadh Hotel & Residences, brought together industry more

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