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3rd Edition of the Future Banks Summit - KSA

ICSFS is happy to share that it will be present as a Networking Partner at the 3rd Edition of the Future Banks Summit - KSA. The event will take place at the Marriott Riyadh Airport Hotel -Al Hamra Hall, 27th and 28th September, 2022, where ICSFS will be showcasing its latest digital innovations. 

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SADAFCO Releases First Sustainability Report Reporting its Progress in 2021

Jeddah, Saudi Arabia, September 6th, 2022: SADFCO announces releasing its first sustainability report disclosing the company’s sustainability performance for the period starting 1st April 2021 and ending 31st March 2022. Developed in accordance with Global Reporting Initiative (GRI) standards and gave due consideration to the guidelines issued by the Tadawul stock exchange. The company’s 2021 sustainability report highlights SADAFCO’s commitment to its people, the communities it operates within, the environment, and its shareholders. The report outlines the significant steps the company has taken to formalize its ESG efforts and put in place a vision for sustainability. The company also reported implementing a sustainability governance structure to improve transparency and accountability. The governance structure ......read more

Tribal Credit Witnesses Increase in International Business Transfers in the MENA Region

• MENA region saw a 10% increase from the first quarter to the second half of 2022   Riyadh, August 30, 2022: According to internal data from Tribal, a company that provides comprehensive digital financial solutions, international transfers of companies in MENA for the payment of suppliers, purchase of equipment and raw materials, and corporate services increased 10% from the first quarter to the second quarter of 2022.    The expansion of business across borders is one of the most attractive opportunities for expansion since it opens up commercial prospects in new markets.    The UAE's main export markets in 2020 were India, China, Saudi Arabia, Japan and Iraq, according to the OEC. In 2020, Saudi Arabia exported its products primarily to China, India, Japan, South Korea, and the UAE, ......read more

Catering to the Rising demand for Passports and Consular Services in Saudi Arabia

August 29, 2022:  A steady surge in expat population living overseas has resulted in rising demand for Passports & Consular services. According to the Diaspora Alliance, the diaspora population has tripled in just about five decades - from approximately 75 million to over 230 million. VFS Global offers passport and consular services, as well as Citizen and Identity Services in nine countries across the globe, including Saudi Arabia.  “As per United Nations’ data for international migration, over 280 million individuals live and work outside their home country and we are now working with 18 governments to provide this essential service in 36 countries” said Jiten Vyas, Chief Commercial Officer, VFS Global. In Saudi Arabia, VFS Global provides Passport and Consular services for India, the Philippines, ......read more

BinDawood Holding H1 2022 Results: Sales up 6.6%, Driven by BinDawood Stores

Jeddah, Saudi Arabia - 24, August 2022 – BinDawood Holding Co. (Tadawul: 4161 and the “Company”), one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia (‘KSA’), today reported its half-year 2022 financial results. Financial Highlights (SAR M) H1 2022 H1 2021 % Up / (Down)   H2 2021 % Up / (Down) Revenue 2,396.1 2,247.2 6.6% 2,134.9 12.2% Gross Profit 761.8 772.8 (1.4%) 666.1 14.4% Net ......read more

Dragons Spotted in the Ancient Desert City of AlUla! Ahead of the Global Premiere of HBO's House of the Dragon

AlUla, Kingdom of Saudi Arabia – 22, August 2022:   Fire-breathing dragons have been spotted squatting in the 2000-year-old Nabataean tombs of Hegra, a UNESCO World Heritage Site in AlUla, Saudi Arabia.   The highly anticipated epic fantasy drama, ‘House of the Dragon’, the prequel to HBO’s global phenomena series Game of Thrones, headed to the spectacular landscapes of AlUla as part of a promotional campaign to launch the series which airs today worldwide and in the region on OSN+.   The clip - released on social media - was shot on location at the archaeological and using CGI introduces Daemon Targaryen’s dragon, Vhagar, spreading carnage with his flames and formidable size.   The celebrations continued with the House of the Dragon’s sigil emblazoned on ......read more

JODC's H1 2022 Revenue Surges to Near Pre-Pandemic Levels on Recovery in Umrah Activity

• Government’s exceptional management of the pandemic and easing of the restrictions on pilgrimage activities led to a significant increase in the number of pilgrims  • Revenue in H1 was SAR 391 million, more than tripling year on year  • Sustained improvement in gross profit driven by Company’s transformation strategy • Company expects to bring in new sources of revenue from our recently opened malls and soon-to-be-opened hotels   Makkah, KSA - 22,  August 2022: Jabal Omar Development Company (“JODC” or the “Company”) (Tadawul: 4250), one of the largest real estate developers in Saudi Arabia and the master developer of the iconic mega mixed-used project in Makkah, Jabal Omar, today announced its financial results for the second quarter (Q2) ......read more

Lenovo Group: First Quarter Results 2022/23

Lenovo delivers ninth straight quarter of improved revenue and profitability and the largest market share in the Gulf at 27.6%    Dubai, August 18, 2022– Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced strong first quarter results for the Group, improving both revenue and profitability for the ninth consecutive quarter. First quarter net income grew 11% year-on-year to US$516 million and 35% year-on-year to $556 million on a non-HKFRS [1] basis. Revenue grew to US$17 billion, up 5% year-on-year in constant currency.    The Group saw revenue from non-PC businesses reach 37%, demonstrating its services-led transformation strategy and persistent investments in diversifying the business have paid off and are driving future growth opportunities. These new growth engines of solutions and services, ......read more

Saudi Infrastructure Expo to debut September, Unlocking Opportunities in Saudi Arabia's US$300bn Infrastructure Projects Market

• Saudi Infrastructure Expo to demo systems & infrastructure required to achieve rapid development in the Kingdom. Supporting Saudi Arabia’s Vision 2030 plans, the Leadership Summit aims to probe Vision 2030 delivery challenges & opportunities.   Dubai, UAE 15 August, 2022: A  new trade exhibition will debut in Riyadh this September to unlock opportunities in Saudi Arabia’s US$300 billion infrastructure projects plan.   Organised by dmg events, which has a decade of successful exhibitions in the Kingdom, the Saudi Infrastructure Expo (SIE) will run at the Riyadh International Convention & Exhibition Center from September 6th - 8th.  Big ticket multi-national names that are already in the exhibitor line-up include Egypt’s biggest contractor Hassan Allam, and the ......read more

Al Hassan Ghazi Ibrahim Shaker Co. Reports a Significant 72.3% Year-on-Year Increase in Net Profit Reaching SAR 26.4 million in H1 2022

• Total revenue of SAR 635.9 million, up by 10.1% compared to H1 2021 • Gross profit of SAR 143.2 million, an increase of 20.4% year-on-year (y-o-y) • Net profit 72.3% higher at SAR 26.4 million y-o-y • Operating profit 77.4% higher by SAR 12.4 million y-o-y • Successfully completed capital restructuring to eliminate accumulated losses     Riyadh, Saudi Arabia, 15 August 2022: Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker”, the “Group” or the “Company”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances announced its financial results for the first half of 2022.    Revenues for the first half of 2022 increased by 10.1% reaching SAR 635.9 million from SAR 577.8 million in H1 ......read more

Saudi Maritime Congress 2022 Reveals Power-Packed Lineup of Speakers

Leaders and industry experts from Saudi Arabia and the world over will share the latest updates from the Kingdom and beyond  Dammam, Saudi Arabia – 4th August 2022: The 3rd edition of Saudi Maritime Congress, one of the Kingdom’s largest gatherings of professionals from the maritime and logistics industry unveils speakers for the event scheduled to take place in Dammam on September 28-29 2022.  The two-day conference programme will take place alongside an exhibition that will comprise a show floor of 50+ exhibitors, including global leaders and niche suppliers from the regional and global maritime and oil and gas industries. Speakers will give macro updates on regional industry performance. They will also share insights on topics of significance including the fuel revolution and the role the region plays in ......read more

SADAFCO Signs Strategic Agreement with Jeddah's Social Responsibility Association

Jeddah, Saudi Arabia, 01 August, 2022: SADAFCO has signed a strategic agreement with Social Responsibility Association, the first licensed association specialized in CSR in the Makkah Province. The two organizations having successfully worked together in the past, 2022 is the year when the relationship will take a broader and more strategic approach. As the parent organisations of Saudia, SADAFCO is an unmatched national brand. Today, it is a household name and part of the Saudi heritage close to people's hearts and minds across the region.  SADAFCO considers it an honor and uses its place in society to support thousands of less fortunate families. Speaking on the occasion, Patrick Stillhart, Chief Executive Officer of SADAFCO, said: “I am as honored to host this signing ceremony with the together endowment. The ......read more

LG Announces Second-Quarter 2022 Financial Results

Highest Second-Quarter Revenue in Company’s History Reflects Sales Growth for Premium LG Home Appliances and Auto Parts Jeddah, August  1, 2022 — LG Electronics Inc. (LG) announced its highest-ever second- quarter revenues, reflecting strong sales for LG home appliances in key regions and the profitable growth of LG’s vehicle components business as the global automotive industry rebounds.  LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 792.2 billion, 12 percent lower than the same quarter last year, largely due to supply chain challenges and higher logistics costs.  Given the business impact of the evolving state of the pandemic and economic conditions, LG is ......read more

The Next World Forum to Host Global Esports and Gaming Leaders in Riyadh

• Forum to be held at the Four Seasons Hotel Riyadh At Kingdom Center on Wednesday, September 7 and Thursday, September 8 • Showcasing new ideas, investment, and talent development, the inaugural Next World Forum is also an ideal setting to highlight Saudi Arabia’s thriving role in the gaming and esports industry   RIYADH, August 01, 2022: The Next World Forum, an esports and gaming forum that will bring together sector leaders and experts from around the world, is to be held on Wednesday, September 7 and Thursday, September 8 in Riyadh.    Hosted at the Four Seasons Hotel Riyadh At Kingdom Center, the inaugural Next World Forum is where the global gaming and esports community will gather to discuss the development of this vibrant, economically flourishing, and collaborative ......read more

Cisco Webex Offers Greater Flexibility for Hybrid Workers

• New Cisco Video Phone 8875 designed for hybrid work environments • New Webex integrations with Salesforce, Eloqua, and ThousandEyes • Webex can now be used with Apple CarPlay   Al Riyadh, Saudi Arabia, 27th July 2022:  According to the new Cisco Global Hybrid Work Index, 78 percent of leaders and 66 percent of workers say hybrid work does not negatively affect their productivity, provided they have the right technology at their disposal. In addition, 61 percent even report improvements in quality of work. To further increase efficiency and flexibility for hybrid workforces, Cisco is introducing numerous innovations for its Webex Suite of collaboration solutions.   New Cisco Video Phone     The Cisco Video Phone 8875 combines advanced calling and video meeting ......read more

Backbase and SITECH Sign a Strategic Partnership to Lead the Wave of Engagement Banking in the Kingdom

Riyadh, Saudi Arabia – 26 July, 2022 – Backbase, the leading global engagement banking platform provider, announced its partnership with fintech and banking digital transformation solutions provider, Sitech. The partnership will allow banks and financial service providers in the Saudi financial market to leverage the combined benefits of Backbase’s award-winning engagement banking platform and Sitech’s innovative design, development, and delivery of digital banking services. Saudi banks and financial institutions will have access to certified Backbase specialists with local market expertise and intimate knowledge of local customs and customer behavior, with 24/7 support availability due to shared time zones, among other benefits. Banks will also be able to launch digital banking products and services to the ......read more

LG Releases Preliminary Earnings for Second-Quarter 2022.

Jeddah, July 21, 2022 — LG Electronics Inc. (LG) announced its preliminary earnings results for the second quarter of 2022. LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 791.7 billion, expected to be 12 percent lower than the same quarter of the previous year. LG Electronics terminated production and sales of solar panel at the end of June this year and is treating the performance of solar business as a discontinued operating loss from the second quarter 2022 earnings announcement. Applying the same standards from the second quarter of 2022 to the same period last year, LG would have recorded a revenue of KRW 16.9 trillion with an operating profit of KRW 900.1 billion. These figures are the ......read more

LG Releases Preliminary Earnings for Second-Quarter 2022

July 15, 2022 — LG Electronics Inc. (LG) announced its preliminary earnings results for the second quarter of 2022. LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 791.7 billion, expected to be 12 percent lower than the same quarter of the previous year. LG Electronics terminated production and sales of solar panel at the end of June this year and is treating the performance of solar business as a discontinued operating loss from the second quarter 2022 earnings announcement. Applying the same standards from the second quarter of 2022 to the same period last year, LG would have recorded a revenue of KRW 16.9 trillion with an operating profit of KRW 900.1 billion. These figures are the ......read more

Airbus Helps Secure Hajj Via Mission-Critical Communication Solutions

Dubai, UAE - 14 July 2022: Airbus Secure Land Communication (SLC) is proud to have helped securing the Hajj holy pilgrimage in Mecca, Saudi Arabia, through its mission-critical communication technologies. After two years of pandemic, hundreds of thousands of Muslims went to the pilgrimage in Mecca, Saudi Arabia which required particularly demanding security arrangements. Airbus SLC has been securing the Hajj since 2017 and once again was able to bring its state-of-the-art communication solutions for security and emergency personnel to the event. The solutions enabled better coordination between field officers deployed in different key locations, leading to faster response time and greater confidence in incident management. The Hajj required the construction of a large, powerful, comprehensive and modern radio communication ......read more

MENA ISC 2022 in Riyadh to Discuss Network Infrastructure Protection Amid a Rise in Cyberattacks

Riyadh:  This September, Riyadh will host one of the most important cybersecurity conferences in the Middle East and North Africa – MENA ISC 2022 – under one of  the most relevant themes "Cyber Fusion: Converging Cyber Intel: Critical Network Infrastructure IT, OT, and IoT." The conference’s diverse sessions will focus on the rising cyber attacks on network infrastructure in countries around the world, posing a significant threat to the economies of these countries. Eng. Samir Omar, CEO of VirtuPort, said the 10th edition of the conference aims to generate an effective dialogue between C-Level executives, directors, and global cybersecurity experts with rich experiences in developing strategies and cybersecurity techniques for the benefit of digital transformation and technological advancements. ......read more

Schneider Electric's Innovation Day in Saudi Arabia Highlights Solutions to Drive Sustainability and Energy Efficiency across the Country

• Innovation Day event showcases energy efficiency across Energy Generation, Power Distribution, and IoT solutions.  • Empowering partners to deliver digital transformation, sustainability, and efficiency in the new electric world   Riyadh, Saudi Arabia, June 28th, 2022 – Schneider Electric, the leader in the digital transformation of energy management and automation, concluded an action-packed two-day Innovation Day event in Riyadh under the theme of Partnerships of The Future. The aim of the event was to empower Saudi-based partners, end-users and distributors to move toward a more sustainable future with the help of ‘green’ products and solutions that reduce carbon footprint and save energy.     The event - which took place from May 26th to May 27th – put the ......read more

The First Neo Financial Institution in KSA opts for ICS BANKS Digital Platform from ICSFS

June, 2022  Riyadh, KSA:  The First Neo Financial Institution in KSA; Loan Financing Company (LFC), a newly-established microfinance company in the Kingdom of Saudi Arabia, has selected ICS BANKS Digital Platform, a worldwide digital Shari’a compliant software solution, from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions. The LFC has received a no-objection letter from the Saudi Central Bank (SAMA), which regulates and oversees the operations of banks and financial institutions across the country.    The LFC also received a preliminary approval from SAMA to incorporate a consumer microfinance company, delivering financing solutions compliant with the Islamic Shari’a. The company will provide innovatively, end-to-end ......read more

Mena CSR Report 2021: UAE, KSA Retain Regional CSR Leadership

• Cicero & Bernay Communication Consultancy and 3Gem Research and Insights launch the second edition of the annual regional corporate social responsibility survey report. • The UAE and Saudi Arabia lead the way in adopting, understanding, and working towards making CSR a way of life for businesses   Dubai, UAE, 17 June 2022: The UAE and KSA have emerged as regional leaders in the awareness and adoption of corporate social responsibility (CSR) practices based on the findings of the second edition of the MENA CSR Survey Report. The survey was conducted by Cicero & Bernay Communication Consultancy (C&B), a leading MENA agency headquartered in Dubai, in partnership with 3Gem Research and Insights, a global research partner.  The annually conducted survey studies the understanding and impact of CSR ......read more

Arabian Centres Furthers Progress of Pioneering Retail Projects Jawharat Al-Riyadh and Jawharat Jeddah Malls with Riyadh Capital

• Arabian Centres will work with Riyadh Capital to establish two funds worth SAR6.2 billion to secure funding for projects  • The malls will offer unique lifestyle destinations bringing together luxury retail, dining and extensive entertainment offerings in brand new concept for the Kingdom • The 235.6 thousand sqm of GLA boosts the company’s ambitious expansion strategy     Dubai, United Arab Emirates - June 16, 2022: Arabian Centres, the largest owner, developer and operator of contemporary lifestyle centres in Saudi Arabia, has launched its next-generation retail experience, brought to life through two new locations Jawharat Al-Riyadh and Jawharat Jeddah malls, collectively bringing more than 235.6 thousand square metres (sqm) of GLA.    The company has signed two ......read more

Ogilvy Promotes Elaine Grell to Chief People Officer across EMEA

June 14, 2022 – Ogilvy has promoted renowned People leader Elaine Grell to the position of Chief People Officer across EMEA. While now responsible for the EMEA region,  Elaine will continue to work closely with Fiona Gordon, CEO Ogilvy UK, to strategically drive the UK People agenda. Elaine will lead the agency network’s People teams and drive its "people first" strategy, ensuring Ogilvy continues to be  the best place for people to grow their careers.  Before coming to Ogilvy, Elaine worked in the hospitality, leisure and real-estate industries in the UK and US for IHG, British Airways and The Collective. She is a fellow of the Chartered Institute of Personnel Development and holds an MBA from the Open University.  Elaine has also been a trustee of The Springboard Charity for the last ......read more

MENA ISC 2022 to Spotlight Risks of Cyberattacks on Critical Network Infrastructure: IT, OT, and IoT

Riyadh:  The Middle East and North Africa Information Security Conference #MENAISC2022 by VirtuPort, themed “Cyber Fusion - Converging Cyber Intel: Critical Network Infrastructure IT, OT, and IoT,” will be convened in-person this year – after being successfully held virtually for the past two years due to the COVID-19 pandemic. Mr. Samir Omar, CEO of VirtuPort in Saudi Arabia, United Arab Emirates, and USA said the 10th edition of the MENAISC2022 addresses important topics aligned with Vision 2030 including enabling secure digital transformation and a focus on the human capital development of nationals as well as the women empowerment in Cybersecurity.  It will focus on supporting companies and government agencies tasked with the protection of critical network infrastructure to reduce the risks of ......read more

LG's Journey Towards ‘Better Life for All'

• Open share list   Jeddah, Saudi Arabia, June 9, 2022: The 5th of June marks the annual celebration of World Environment Day, an occasion to focus on what each of us can do to preserve the natural world for future generations. Fully dedicated to the cause, LG strives to foster a better environment for all lives to thrive by means of combating climate change, facilitating circular economies and achieving energy efficiency.   An Inspiring Message About Climate Change LG’s iconic ultra-high-definition digital billboard in New York City’s Times Square is one of the few screens in the world seen by hundreds of thousands of passersby each day.   Making use of these impactful channels for this year’s World Environment Day, LG presented a poignant short film calling on united ......read more

Cisco Launches New Webex Devices and Features to Empower Hybrid Work

• Cisco Desk Camera 1080p – featuring omni-directional microphones and face-detection to deliver best in class auto-exposure, auto-focus, and white balance. • Webex Room Bar - a powerful room device that turns huddle spaces and small-to-medium sized meeting rooms into a hub for engaging collaboration. • New features added to the Desk Series portfolio to allow users a more inclusive experience.   Riyadh, KSA June 2, 2022 – Cisco expanded its line-up of collaboration devices and introduced new updates designed to empower hybrid working. The three new updates joining the Webex device portfolio include the launch of the Cisco Desk Camera 1080p, Webex Room Bar and new features added to the Desk Series portfolio. As hybrid work becomes more prevalent, and employees become less physically ......read more

E3 Customer Experience Conference to Reconnect Global and Regional CX Community

Riyadh:  The E3 Customer Experience conference has announced dates for the 2nd edition in-person at the InterContinental Riyadh from 7-9 June set to explore winning CX strategies, new technologies and tools designed to empower Saudi Arabia’s CX transformation agenda. Under the theme, ‘Making customer centricity your game changer’, the thought leadership CX programme organised by Ejtemaat KSA (Gulf Meetings) is designed to support CX reforms in alignments with Saudi Arabia’s Vision 2030 agenda, advocating the boom of customer-centric businesses as it calls upon a diversified smart economy for the future. The event will offer the 300+ CX leaders a content-rich conference format of 2 days conference and 1 day workshops, where the full spectrum of smart CX applications into KSA businesses and MENA ......read more

Cisco Study Explores Connection between Hybrid Work and Wellbeing among EMEA Employees

Al Riyadh, 1 June 2022: Employees in Europe, Middle East and Africa who practice hybrid working models as part of their digitizing workplaces, have experienced better overall wellness in areas such as mental, physical and financial wellbeing, according to the new Cisco Global Hybrid Work Report. The study polled over 10 thousand employees across the EMEA (Europe, Middle East and Africa) countries. Overall, 76 percent said hybrid and remote working has improved all aspects of their wellbeing. In addition, just over 75 percent reported their work-life balance has improved, mainly due to more flexible work schedules. Close to 60 percent said they saved at least four hours per week thanks to reduced commuting times, while 22 percent saved eight or more hours a week. The findings are part of the Cisco Hybrid Work Report, an extensive ......read more

OKX Partners with Everdome Metaverse Ahead of its Land Auction

OKX is entering the metaverse with Everdome. Al Riyadh, June 01, 2022:  World-leading cryptocurrency app OKX today announced that it has acquired a substantial land holding in Everdome, the hyper-realistic metaverse, marking its first foray into the metaverse. As one of Everdome’s premier partners, OKX joins a global partnership that is leading innovation in the metaverse space.  OKX will work with the Everdome team to bring their partners and others into the metaverse to design unique cultural programming and innovative experiences that surprise and delight. OKX will also design interactive experiences that will help Everdome participants deepen their education and understanding of crypto and the overall web3 ecosystem. To celebrate its foray into the metaverse, OKX will also be giving five plots of land in ......read more

Delivering Saudi Arabia's Golden Age for Hospitality to Cost US$ 110 bn

Riyadh | 23rd May 2022: Plans to transform Saudi Arabia’s hospitality market through Vision 2030 are expected to see the completion of 310,000 hotel rooms in the Kingdom by 2030, according to research carried out by global property consultancy, Knight Frank.  The delivery of the planned hotel room supply is forecast to cost approximately US$ 110bn, according to Knight Frank’s analysis.  Opportunities for the Kingdom Turab Saleem, Partner – Head of Hospitality, Tourism & Leisure at Knight Frank, explained: “Delivering the vast number of rooms the Kingdom has planned is going to bring with it a number of opportunities. However, given this is the biggest hotel supply pipeline ever seen in the region, it will usher in a golden age of hospitality for Saudi Arabia. “We expect to see the ......read more

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

● Deliverect announces its participation at Saudi Food Expo 2022 as an exhibitor to enhance and empower restaurants in the Kingdom.   Riyadh, Saudi Arabia, 17 May 2022:  Deliverect, a global scale-up that simplifies digital orders for more than 20,000 locations across 40 markets announces its participation at Saudi Food Expo 2022, the biggest food & beverage and hospitality trade fair in Saudi Arabia, to empower the industry to excel and meet consumer demands. The exhibition takes place between the 16th to the 19th of May in Riyadh Front Exhibition & Conference Center, Riyadh.   Deliverect’s recently published survey results on consumer perspectives on sustainability trends and expectations related to food delivery, findings have shown that now more than ever, consumers make purchases based ......read more

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

Global accreditation cements facility’s credentials as the leading supplier of turfgrasses for golf courses, sports pitches and landscaping projects in Saudi Arabia and the Gulf region 10th May, 2022 – Riyadh, Saudi Arabia:  Atlas Turf Arabia has become the first certified facility of its kind in the Gulf Region to receive International Turfgrass Genetic Assurance Program (ITGAP) certification for its production of Platinum TE™ Paspalum. ITGAP certification confirms that Atlas Turf Arabia is producing Platinum TE to a rigorous set of global guidelines, which protects against contamination during production. The turfgrass will be a valuable part of the supply chain required to meet the development goals of the Kingdom of Saudi Arabia’s Vision 2030, as well as for projects across the wider Gulf ......read more

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

NEW YORK- MAY 5, 2022:  Ogilvy today announced that Paul O’Donnell, Chairman of Ogilvy EMEA, will be retiring after 37 years with the agency. Throughout his tenure, O’Donnell has held a range of leadership positions spanning clients, geographies, and businesses. “It has been an honour to have worked with thousands of Ogilvy colleagues and clients across the globe during my career. It has been a rich and fulfilling experience in which I have travelled the world and helped grow brands and businesses in just about every market you can imagine,” O’Donnell said. “The longevity of my career was due to two things: working with great people and managing to bring enough variety to my roles. Now, I’m proud to leave behind a highly skilled and experienced team that is driving the business ......read more

LG Announces First-Quarter 2022 Financial Results

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

Home Ownership Drive Spurs Growth of KSA Residential Sector in Q1 2022

JLL releases its Q1 2022 KSA Market Overview Year Report Riyadh, Saudi Arabia – 26 2022: Saudi Arabia’s residential sector saw an acceleration in the number of units completed in Q1 2022, helped by the government’s continued efforts to deliver housing which meets the needs and aspirations of its citizens.  The first quarter of the year saw the completion of 4,000 and 2,000 units in Riyadh and Jeddah respectively, partly driven by the Ministry of Housing’s various initiatives to increase home ownership in the Kingdom to 70% by 2030. Year-on-year, rents rose 5% in Jeddah and by 3% in Riyadh in Q1. On the same basis, sale prices in Riyadh rose by 5% and by 2% in Jeddah. “KSA’s real estate sector continued to show promising signs that it has turned a corner in the first quarter of 2022, ......read more

[Earth Day with LG] LG Recognized as Environmental Leader

LG’s Strong Climate Action Efforts and Smart Home Technology Underscored by Dow Jones Sustainability Index and The Global 100 JEDDAH, 24 April 2022 – Thinking of going green in time for Earth Day this year? Smart home technology can make your sustainable journey that much easier, helping you to save electricity and water consumption and shrinking your household’s energy footprint. LG Electronics (LG) has just recently been named to the Dow Jones Sustainability World Index, which comprises global sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment. LG also has been recognized by the Corporate Knights as one of the 100 most sustainable corporations in the world. As LG celebrates on Earth Day, you are invited to also help leave a green mark. Which is why, going ......read more

Samsung Partners with Zamil Air Conditioners at the Big 5 Saudi

Riyadh, KSA – 25 April 2022 – Samsung Electronics Saudi Co. Ltd., in partnership with Zamil Air Conditioners, participated in the Big 5 Saudi exhibition, inaugurated by H.E. Eng. Osama bin Abdulaziz Al-Zamil, Deputy Minister of Industry and Mineral Resources in the Kingdom of Saudi Arabia. (SAMSUNG | ZAMIL) has launched its latest edition of Variable Flow Conditioning (VRF) (DVM S2), thanks to its advanced technology, with a wide range of sizes and efficient cooling capabilities. Suitable for high-rise apartment complexes and small commercial buildings, the (VRF) (DVM S2) system is a unique solution for buildings that require high cooling efficiency, total control and installation flexibility. Moreover, the new systems are characterized by their flexible design, maximum comfort, and superior performance that helps ......read more

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

With crowds returning to normal in the Holy Mosque in Makkah during Ramadan after the lifting of the COVID-19 precautionary measures, and with soaring temperatures, it is essential that all areas of the Holy Mosque are equipped with fresh cool air and are well ventilated at all times to maintain the health and safety of the millions of pilgrims that are coming from all over the Kingdom and the world. For this purpose, Al Salem Johnson Controls (YORK), a leading provider of integrated solutions that incorporate HVAC equipment, fire and security systems, building management systems and controls, is implementing its district cooling solutions — one of the most efficient cooling solutions — for the Holy Mosque, perfectly suitable for a range of operating conditions. District cooling is one of the most cost-effective and ......read more

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

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Jeddah Marriott Hotel Madinah Road appoint Muntaser Allaf as GM…

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

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

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

Webex by Cisco Reimagines Hybrid Work Experiences…

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

JAGGAER Opens Office in Riyadh to Support Saudi 2030 Vision…

• JAGGAER has officially opened its new office in Riyadh to support businesses in the country with the challenges surrounding supply chain disruptions, material scarcity and the global talent shortage • The company to capitalise on the appetite in Saudi for new IT and technology, with the market estimated to be worth more than US$33 billion in 2021   JAGGAER has today ......read more

BinDawood Holding reports Q4 and FY 2021 Financial Results…

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

Cisco Celebrates 25 Years of Innovation in Saudi Arabia…

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

Saudi Tadawul Group Announces its Intention to Launch a Bundle of Enhancements to Develop the Post ...…

• The bundle of enhancements across Saudi Tadawul Group’s subsidiaries will support the continuous development of the Saudi capital market into a technologically advanced, diverse, and integrated capital market  • The enhancements are the largest in the history of the Saudi capital market and intend to provide investors with increased investment opportunities and access to ......read more

The First Saudi Capital Market Forum Concludes in Riyadh…

• Forum was held under the patronage of HE. Mohammed El-Kuwaiz, Chairman of the Capital Market Authority and saw over 1500 attendees • The Saudi Tadawul Group and its subsidiaries make key announcements • The winners of the Saudi Capital Market Awards 2021 are announced • Five workshops were held on topics related to the capital markets industry   Riyadh - ......read more

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