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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

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 array of anti-counterfeiting solutions that help safeguard customers from counterfeit products.    UL's Global Security and Brand Protection team hosted training sessions for customs officials from King Abdulaziz Airport and Jeddah Islamic Sea Port who were briefed on the registered Marks owned by UL.   During the training programme, which took place in Jeddah, the officials were also shown counterfeit products which ......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 challenging in 2019 due to market competition, but new business from female drivers, a clamp down on uninsured motorists, and the extension of mandatory medical insurance cover could provide a boost to companies," said S&P Global Ratings' credit analyst Emir Mujkic.

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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 and United Arab Emirates. With Apple Pay, Visa cardholders and iPhone users can make instant payments using their phone via app or on web.  As part of Visa’s partnership with Starbucks, the world leading coffee chain and Hardee’s, one of the world’s most popular food and beverage service chains, Visa cardholders will get free upsize/upgrades on their orders when paying with Apple Pay.  The promotion with Starbucks ......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 contactless payments. Visa cardholders can also make payments with Apple Pay in-app or on the web. Apple Pay will allow Visa cardholders across the Kingdom to make payments using their Apple devices while ensuring that their financial details are private and secure. Security and privacy are at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, ......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 Seasons.     With face-to-face input from over 100 CIOs in KSA, the survey’s corresponding white paper examines the evolution of the intelligent workspace and IDC's "Future of Work" concept. It further highlights the role of intelligent workplace technologies in Saudi Arabia, and covers their drivers, benefits, security implications, and challenges.   With a key concern being security, the survey also found that over ......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 Tariq in his new capacity.   Elyas Algaseer, Head of Corporate Banking for MUFG in MENA said: “Appointing Tariq to his new position is an important step in the development of our business in Saudi Arabia.”    MUFG obtained a full commercial license from the Saudi Arabian Monetary Authority (SAMA) in January 2017 and commenced operations in October 2018.

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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

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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 recognizing and awarding of great finance leadership and initiatives supporting the vision and innovation of the finance leaders in the Kingdom for fulfilling key strategies in line with Saudi Vision 2030. The event highlighted, honored and celebrated path breaking achievements of public & private sector organizations and individuals who have contributed significantly to achieving the Kingdom’s Vision through sustainable ......read more

Marafiq Powers the Growth of Saudi Arabia's Largest Industrial Cities and Initiatives with Utilities Digitization

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 digital transformation to optimize its operations, modernize its infrastructure, and reshape offerings, all aligned with Saudi Vision 2030, Saudi Arabian utilities provider, Marafiq, has embarked on enhancing its digital intelligence with SAP.   Marafiq provides power and utility infrastructure to industrial cities within Saudi Arabia, which hosts some of the world’s largest hydrocarbon conglomerates in Yanbu and Jubail. Digital ......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 Proof-of-Concept (PoC) for experimenting with Blockchain technology to facilitate cross-border payments between the two countries.  The PoC is still at an early stage and will help CBUAE gain a deeper understanding of the feasibility of distributed ledger technology in this field and explore the potential opportunities and benefits of a digital currency. CBUAE and SAMA have selected a tech company to support the implementation of this PoC, which ......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 2018, we can see major shifts that will impact Saudi Arabia’s future.  One of the major business reforms this year was the introduction of VAT. We also saw other GCC countries undergo the shift with Saudi Arabia. The tax was set at a standard rate of five percent however, there were some exemptions. The exemptions are basic necessities and medical, cultural and educational products, financial and insurance services. The tax helped ......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 over 12 award categories before their peers and a panel of high-profile judges.    Held under the patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, the event will welcome over 180 attendees from INJAZ teams, volunteers and chaperons. The competition will conclude with a glittering award ceremony to be held on November 28, welcoming over 400 guests, including high-school and university ......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 providing insights and practical skills for HR leaders within the context of leveraging the human network in an organization to adapt to changing business conditions and achieve sustainable business success.  The programme will be held from 4 to 8 November 2018 in Ashridge campus Dubai. Ashridge can also conduct the programme on location for Saudi companies that prefer to host it at their premises.  According to Rory Hendrikz, Managing ......read more

Thomson Reuters & The Institute of Finance Inaugurate 10th Compliance and Anti-Money Laundering Seminar in Saudi Arabia

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 the opening ceremony, Dr. Fahad AL Shathri, Deputy Governor for Supervision, SAMA, said: “Saudi Arabia have been instrumental in directing all financial institutions to abide by the policies that meet the compliance standards including reporting and uncovering financial crime. In the past few years, we have seen more deployment of state-of-the-art technologies by financial institutions as they continue to roll out strict anti-money ......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 Arabiya, a new multi-platform Arabic-language business and financial news service, Bloomberg and SRMG today announced that the news service has been renamed to Bloomberg Asharq. Peter Grauer, Chairman of Bloomberg L.P., and Dr. Ghassan Alshibl, Chairman, SRMG, met yesterday in Dubai to officially announce Bloomberg Asharq. They also unveiled the platform’s logo, which incorporates Arabic characters with Bloomberg’s global brand ......read more

Other Top Stories from Banking and Investments
 
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

Knight Frank Saudi Arabia releases Saudi Arabia Real Estate Investment Trusts Q1 2018 Review.…

Saudi Arabia, April 29, 2018:   The REIT market in Saudi Arabia continues to expand and now surpasses a market capitalisation of USD 2 billion. The number of listed REITs doubled in the last two quarters; with 12 REITs listed on the Tadawul at the end of Q1 2018. Raya Majdalani Knight Frank Saudi Arabian Research Manager, commented, “REITs initially traded at a significant ......read more

Intersec Saudi Arabia 2018 Opens for Business Featuring 150 Exhibitors from 20 Countries…

World’s leading security, fire protection, safety companies target Kingdom’s US$6.02 billion market  Dubai, UAE - April 24, 2018: Intersec Saudi Arabia 2018 opened today (24 April) in Jeddah, with 150 exhibitors from 20 countries looking to network and generate fresh business opportunities in the Kingdom’s US$6.02 billion security, safety and fire protection ......read more

Ashridge to help Saudi leaders explore and implement strategies for growth…

KSA; 19 April 2018:   Ashridge Executive Education, with over 20 years of experience in training regional business leaders, is focusing on helping Saudi businesses to effectively execute their strategy for growth. As companies in Saudi Arabia face the challenges of digital disruption, a relatively young workforce, and changing customer demands, it is imperative to turn strategies into ......read more

Avaya Signs MoU with Jeddah's University of Business and Technology to Drive Education Initiatives…

Jeddah, Kingdom of Saudi Arabia – February 21, 2018:   Avaya, a leading global business communications company, announced today that it has signed a Memorandum of Understanding (MoU) with Jeddah’s University of Business and Technology (UBT) to explore education initiatives in the Kingdom of Saudi Arabia.   The MoU was signed at the 7th Gulf Education Conference ......read more

Over 5000 Professionals Attend Co-Located Saudi Expos…

Event organisers announce 5000+ visitors attended HVACR Expo Saudi, and co-located FM EXPO Saudi & Saudi Clean Expo last week in Jeddah.  For the first time, the 2019 co-located events will take place in the Saudi capital at the Riyadh International Convention & Exhibition Centre from 14-16 January. Saudi, January 24, 2018:  More than 5000 visitors who attended last ......read more

MEPCO and WASCO Attend 15th International Saudi PPPP 2018 Exhibition in Riyadh…

MEPCO showcases its latest product innovations to regional and international audiences at Saudi Arabia’s largest industrial gathering Wholly-owned subsidiary WASCO exhibits its core operations alongside MEPCO   Riyadh, Saudi Arabia; 24 January 2018:  The Middle East and Africa’s leading vertically-integrated paper manufacturer, the Middle East Paper Co. (MEPCO), ......read more

CBRE Group, Inc. Named a World's Most Admired Company by Fortune Magazine for Sixth Consecutive Year…

Dubai, UAE, January 23, 2018:  CBRE Group, Inc. (NYSE:CBG) today announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.  Fortune rates companies on nine attributes related to corporate performance. In 2018, CBRE was ranked second overall in the real estate sector (behind only Host Hotels ......read more

Ratings On Saudi Arabia Affirmed At 'A-/A-2'; Outlook Stable…

Overview In our view, recent shifts in Saudi Arabia's political power • structures and societal norms, alongside various regional stresses, could increase the risk of policy mistakes that could result in increased domestic and geopolitical tensions. However, we also consider that these structural reforms could empower Saudi citizens and make Saudi Arabia more attractive to ......read more

EFS Facilities Services Wins Integrated Facilities Management Contract With King Abdullah Economic ...…

DUBAI November 09, 2017:   EFS Facilities Services, a regional leader in facilities management services across the Middle East, Africa, South Asia and Turkey, has been awarded a contract to launch an integrated facility management venture at King Abdullah Economic City (KAEC). Under the terms of the agreement, EFS will provide integrated facilities management services across the ......read more

Riyad Bank participate as Platinum sponsor of Saudi Trade Finance Summit…

Two-day summit to cover financial regulation and strategy as Kingdom invests for a future without oil Al Khobar, 7th November 2017:   Riyad Bank will, once again this year, be one of the Platinum Sponsors of the 5th Annual Saudi Trade Finance Summit, taking place 14th to 15th November at the Mövenpick Hotel Al Khobar, Saudi Arabia. This exclusive Trade Finance event in Saudi ......read more

Ashridge offers coaching for Saudi HR leaders to become strategic partners in organizations…

KSA; 17 October 2017:  Today’s organizations are awash in a sea of continuous change and new skills are needed for business leaders to succeed; and this applies to HR leaders too. Based on their experience of working with HR leaders in Saudi Arabia and other GCC countries, Ashridge Executive Education has customized its five days programme on ‘Advanced HR Strategy and ......read more

MEFMA-commissioned report says KSA's FM market to reach USD 49.82 billion by 2030…

October 11, 2017: The Middle East Facility Management Association (MEFMA) has forecasted that the value of Saudi Arabia’s flourishing facilities management (FM) market is expected to reach USD 49.82 billion by the end of 2030. The statement is part of a report commissioned by MEFMA, also showing that the expected growth can be attributed to key drivers that include steadily booming real ......read more

Saudi Arabia's Vision 2030 to transform businesses with tech investments worth SAR8.3 billion…

Business leaders highlight key opportunities posed by government investments to advance the adoption of HR technology systems, ahead of the HR Tech Saudi Summit  Dubai, October 11,  2017:  Delegates at the HR Tech Saudi Summit taking place on November 20 – 21, in Riyadh, Saudi Arabia, will enjoy a unique opportunity to discuss how government investments worth SAR 8.3 ......read more

ITFC Supports Investment in the Agriculture Sector in Kazakhstan…

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

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

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

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