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Amlak International Allocation of Shares, Excess Money Refund, and Trading to Begin on Monday 22/11/1441h (13 July 2020G)

Riyadh, Saudi Arabia: 12 July 2020:  NCB Capital, the Financial Advisor, Lead Manager, Bookrunner and Underwriter of Amlak International’s IPO announced the completion of the allocation of shares for individual (retail) subscribers. NCB Capital said that after closing the subscription period for the retail tranche, all receiving banks completed the settlement and auditing process on Sunday evening, 14/11/1441H corresponding to 5 July 2020G, in accordance with the closing date of the subscription process. The coverage ratio for the retail offer was 26.90x of the total shares offered to individual subscribers, which amounted to 2,718,000 shares, representing 10% of the total shares offered. With a minimum of 10 shares allocated to each subscriber and each individual included in the subscription request, the remaining shares will ......read more

UTURN by Webedia Arabia Group Announces the Launch of “TAKKI” on NETFLIX

Dubai, United Arab Emirates, July 7, 2020:  Webedia Arabia Group, a leading media and technology company developing strategic, insight-driven, culturally-led and creative content for Arab Consumers, announces Netflix’s licensing of the popular Saudi drama series, Takki, which is now available for viewing on the platform.   Produced by UTURN which is part of Webedia Arabia Group, the dramatic series follows the story of a young Saudi film director following his dream of what was once a ban of cinemas in the Kingdom and several other social issues such as women not being able to drive at one point in time. It reflects facets of the Saudi society and the social challenges its youth faced, providing insights into the life of a generation caught between conservatism and modernism. The homegrown Saudi series was written ......read more

Amlak International Completes IPO Retail Coverage at 2,690%

• Total retail coverage at 2,690% • Institutional book build achieved coverage of 498% • Successful IPO demonstrates investor confidence in Company fundamentals and long-term attractiveness of Saudi capital market     Riyadh, Saudi Arabia: 7th July 2020:  NCB Capital, Financial Advisor, Lead Manager, Bookrunner, and Underwriter for the IPO of Amlak International has announced that the offering of the Company’s shares was completed on Sunday 14/11/1441H (5 July 2020G), after finalising the retail subscription tranche, with coverage by individuals at a ratio of 26.90x. The total number of retail subscribers was 266,821, subscribing to invest SAR 1,170 million at an offer price of SAR 16 per share. The institutional tranche of the IPO had previously achieved coverage of ......read more

Cisco Webex Helps Customers Stay Remotely Connected and Reimagine Work

Webex Adds More Capacity, Even More Security and Intelligent Insights and Simplifies Telehealth   News Summary:    • Webex platform sees unprecedented demand and more than triples its normal volume. • As the foremost trusted business continuity provider, Cisco invests in the resilience of Webex through continued expansion of global capacity.   • To ensure customers can easily and securely collaborate from anywhere, Cisco increases Webex security capabilities and adds new integration with Box. • Webex Control Hub’s intelligent and actionable insights help IT manage an enlarged remote workforce and a return to office.  • To help doctors meet with patients while maintaining physical distance, new integration with Epic gives patients secure care via ......read more

Amlak International's IPO Launches Retail Subscription With SAR 16 Share Price for the Offer

Riyadh, Saudi Arabia: 2 July 2020:  NCB Capital, Financial Advisor, Lead Manager, Bookrunner and Underwriter for Amlak International’s IPO, announced that the individuals (retail) subscription period for 2,718,000 shares offered for IPO at a price of SAR 16  per share will start today 11/11/1441H (2 July 2020G). The subscription period will last for four (4) days, including the last day for closing the subscription, which is Sunday 14/11/1441H (5 July 2020G).   The receiving agents (Saudi Investment Bank, National Commercial Bank, Al Rajhi Bank and Bank Al Jazira) will provide the platforms needed by investors within the receiving agents’ branches and electronic channels to receive subscription requests. The receiving agents’ platforms will include their websites, ATMs and telephone banking ......read more

Cisco Launches Portfolio of Solutions to Boost Business Resiliency for the Workforce and Workplace Technology and Expertise Combine to Support Customer's Journey to the “Next Norma

• Business leaders looking to IT to meet today’s social distancing requirements in the workplace • New solutions to maintain seamless and secure productivity for a remote workforce  • New offerings to support Healthcare and Education as they transform to new business models    Al Riyadh, Saudi Arabia, 1 July 1, 2020 –  At CiscoLive! Digital, the virtual event attended by over 100,000 customers, partners and members of the public, Cisco announced a new portfolio of solutions focused on business resiliency. In this uncertain world, keeping businesses up and running has become a major focus for business leaders. According to CFO’s surveyed in the fifth PwC COVID-19 CFO Pulse Survey,  organizations’ highest focus is on changing workplace safety measures and ......read more

Cisco Expands Simple and Secure Portfolio to Help Small Businesses Thrive

New Cloud-Driven Solutions from Cisco Make Buying, Installation & Maintenance Easy   • New dedicated online destination for small businesses on Cisco.com.  • New “Buy Now” button on Cisco.com, providing faster access to Cisco & partner expertise  • New technology and offers in the Cisco ‘Designed for Business’ portfolio built for simplicity and security    Riyadh, KSA– June 27, 2020 – Today, Cisco is accelerating its focus on serving small businesses by announcing new offers tailored to the small business buyer. In November 2019, Cisco introduced the new Cisco ‘Designed for Business’ portfolio at Partner Summit. Now the portfolio is growing with the addition of Cisco technology that originally powered Fortune 100 ......read more

Saxo Bank Launches Loyalty Program for MENA Region Clients

Saxo Rewards is a transparent, highly personalized scheme powered by AI and big data   June 23, 2020:   Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, has introduced Saxo Rewards, a new, highly personalized loyalty program that offers traders and investors the opportunity to qualify for account upgrades by collecting reward points.  The scheme, now available to clients across the MENA region, is an interactive and progressive program across all major asset classes including CFDs, FX, Stocks and Bonds. Clients earn reward points for every qualifying trade made, as well as a variety of other activities. Accumulated points for trading activity will qualify clients for account upgrades and access to better levels of pricing and service. Steve Weller, CEO ......read more

SEDCO Capital Achieves 30% IRR from Office Property Sale in Germany

Jeddah, Saudi Arabia, June 22, 2020:  SEDCO Capital, a global Shariah compliant asset manager, has successfully exited German-based ABC West, a multi-let office property, realizing an Internal Rate of Return (IRR) of 30% for its investors.  SEDCO Capital sold the property for €52.9 million compared to a purchase price of €29.4 million in 2017. ABC West is a 13,723 sqm of office space located in Frankfurt and was managed by GLL Real Estate Partners GmbH, a European real estate asset manager.  With more than €485 million of investments made in European real estate, SEDCO Capital’s International Real Estate team actively manages a diverse portfolio of properties that consists of industrial, healthcare, retail, and office buildings, spanning across the United Kingdom, Germany, France, and ......read more

Shaker Group Narrows Q1 Losses; Improved Sales and Cost Optimization Reduce Net Loss by 88.5%

Riyadh, Saudi Arabia, 21st June 2020:   Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the 3-month period ended 31 March 2020.  Revenue of SAR 221 million improved by 12% from Q1 2019 and 20% from Q4 2019. The Group recorded a first quarter net loss of SAR 3.3 million, decreasing by 88.5% year-on-year. The Group’s operating loss for the quarter was SAR 3.9 million, improving by 80.1% compared to a loss of SAR 19.6 million in Q1 2019.    Operational efficiencies continued to be introduced across the business, in line with the Breakthrough Program strategy that was launched in Q1 2019. ......read more

Investments in Telecoms and Health System Pay Dividends as Saudi Arabia Eyes Economic Turnaround

Oxford Business Group launches new Covid-19 Response Report  Riyadh, 21 June 2020:   The key part that sustained investments in Saudi Arabia’s digital infrastructure have played in helping to successfully contain the spread of the coronavirus and keep the Kingdom’s economic diversification plans on track is analysed in a new ICT-focused Covid-19 Response Report (CRR) by Oxford Business Group.   The global research and advisory company’s report gives details of the measures implemented by the country’s telecoms sector, led by stc, which ensured business continuity throughout lockdown, facilitating the implementation of seamless work-from-home and remote education practices, alongside the implementation of digital health initiatives.    With its focus on the telecoms sector, the ......read more

Amlak International Announces Intention to List on Saudi Stock Exchange

June 14, 2020:   Amlak International for Real Estate Finance (“Amlak”, “Amlak International” or “the Company”), Saudi Arabia’s leading non-bank real estate finance company, announces its intention to proceed with an Initial Public Offering (the “IPO” or the “Offering”) on the Main Market of the Saudi Stock Exchange (“Tadawul”). The Offering will comprise 27,180,000 Ordinary Shares. The Offer Shares represent 30% of the Company’s Share Capital, and the Net Proceeds of the Offering will be paid to the Selling Shareholders on a pro-rata basis. The Capital Market Authority (“CMA”) issued its resolution on 25 December 2019, approving the application for the offering. The Company has appointed NCB Capital Company as Sole Financial Advisor, ......read more

UL Issues Safety Certification To KSB Pumps Arabia For Use Of Fire Pump Assemblies

• KSB Pumps Arabia becomes first organization in the Middle East to receive the ‘Fire Pump, Driver and Assemblies Certified as to Rating Compatibility’ UL certification   Dubai, United Arab Emirates, June 10, 2020:   UL, a global independent safety science company, has awarded the first ‘Fire Pump, Driver and Assemblies Certified as to Rating Compatibility’ certification in the region to KSB Pumps Arabia Limited in recognition for complying with the safety standards of its fire pump assemblies.   KSB Pumps Arabia, based in Riyadh, becomes the first organization in the Middle East and UL customer to receive this unique certification. The two models of KSB Pumps Arabia’s fire pumps, drivers and controllers have been certified by UL’s team of engineers after it met the ......read more

AMAALA's Youth Empowerment Programme Welcomes Next Generation of Saudi Talent

 AMAALA Corporate Internship Programme, in partnership with MiSK, kicked off earlier this year to identify and nurture future industry leaders The first group of interns from the MiSK/AMAALA Corporate Internship Programme with Chief Shared Services Officer & Chief of Staff Pete Wu.     RIYADH – 01 JUNE 2020 ¬– AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coast, launched its youth empowerment programme to develop young Saudi talent by providing on-the-job training to boost skills and expertise. The initiative reflects Saudi Arabia’s ongoing drive to nurture and prepare local talent to step into leadership roles in established and new economic sectors.    The programme kicked off with the MiSK/AMAALA Corporate Internship ......read more

KSA-based Seismic Solutions Company ARGAS Targets Global Expansion'

23 May 2020; Saudi Arabia, Al Khobar:  KSA-founded Arabian Geophysical & Surveying Company (ARGAS), the largest seismic acquisition company in MENA, is to expand its business internationally, further building on a strong track record which has made it a leading regional success story in the oil and gas field services industry.  Industrialization and Energy Services Company (TAQA) and Paris-based CGG have today jointly announced the signing of a new agreement that will allow the company to expand its offering in integrated marine and land seismic solutions to Oil & Gas industry customers all over the world, giving ARGAS the ability to access potential multi-billion dollar markets.  The agreement waives all territorial, technical, commercial exclusivities and any other restrictions previously in ......read more

Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of Saudi Arabia

Counterfeits of door hinges are found in the KSA Concesio, Italy - (EMAILWIRE.COM) - The following is a notification from ICSA Serrature Srl that the door hinge identified below bears a counterfeit UL Certification Mark.  The door hinge has not been evaluated by UL to the appropriate Standards for Safety and it is unknown if they comply with any safety requirements.   Although the door hinges are marked ICSASRL, the door hinges were not manufactured or labeled by ICSA Serrature Srl.   Name of Product: Ball Bearing Hinge   Remedy: ICSA Serrature Srl recommends that these products be immediately removed from service and be replaced with UL Certified door hinges.   Identification on the Product: The product is marked with a counterfeit UL Listing Mark and the ......read more

KSA-Based Seismic Solutions Company ARGAS Targets Global Expansion

21 May 2020 - Saudi Arabia, Al Khobar:  KSA-founded Arabian Geophysical & Surveying Company (ARGAS), the largest seismic acquisition company in MENA, is to expand its business internationally, further building on a strong track record which has made it a leading regional success story in the oil and gas field services industry.  Industrialization and Energy Services Company (TAQA) and Paris-based CGG have today jointly announced the signing of a new agreement that will allow the company to expand its offering in integrated marine and land seismic solutions to Oil & Gas industry customers all over the world, giving ARGAS the ability to access potential multi-billion dollar markets.  The agreement waives all territorial, technical, commercial exclusivities and any other restrictions previously in place, as ......read more

UAE Banks Among Top Performing in GCC, KPMG Report Finds

21 May 2020: KPMG recently released its fifth edition of the ‘GCC listed banks’ results’ report, which analyzes the published results of listed commercial banks across the region for the year ended 31 December 2019. The report, titled ‘New Age Banking’, demonstrates that the UAE’s top ten banks reported positive results in 2019, with an average 13.9 percent growth in net profit, the highest among GCC countries, driven by an increase in the overall loan book and inorganic growth.  The local banking sector continues to show strength and resilience as top UAE banks reported the region’s highest growth in their asset base of 19.5 percent. UAE-based Emirates NBD reported the highest net profit across the GCC, at USD 3.94 million, and the highest return on equity at 21.8 ......read more

COVID-19 Triggers Marked Decline in Global Trade: UNCTAD

• Global trade values fell 3% in the first quarter of 2020 • An estimated quarter-on-quarter decline of 27% is expected in the second quarter • Commodity prices fell by a record 20% in March, driven by steep drops in oil prices    13 May 2020:  The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organizations.   The downturn is expected to accelerate in the second quarter, with global trade projected to record a quarter-on-quarter decline of 27%, according to the report by the Committee for the Coordination of Statistical Activities (CCSA).   The report is a product of cooperation between the international statistics community and national statistical ......read more

Deloitte Launches BrightStart, an Innovative Apprenticeship Program in Riyadh

Dubai, United Arab Emirates, April 25, 2020:    Deloitte has launched its innovative BrightStart apprenticeship program in Riyadh, Saudi Arabia, offering a unique opportunity for growth to recent Saudi national high school graduates in their first year in university.  BrightStart allows students to continue their university education while simultaneously launching their training and professional careers at the Deloitte Digital Center in Saudi Arabia. The program provides an excellent opportunity to serve the KSA Vision 2030 by meaningfully driving the development of a digitally skilled workforce. The Deloitte BrightStart program is an open invitation to ambitious young people to explore the professional world, and accelerate their career across 4 years. It offers an earn-while-you-learn experience and learnings, ......read more

Inaugural Aramco Saudi Ladies International Presented by Public Investment Fund Re-Scheduled for October 2020

Historic Ladies European Tour event, the first-ever professional women’s golf tournament in the Kingdom, finds new date from 8-11 October    14 April 2020, Jeddah, Saudi Arabia:  The inaugural Aramco Saudi Ladies International presented by Public Investment Fund, the first female professional golf tournament to be played in Saudi Arabia, has been rearranged for 8-11 October, 2020, following its postponement last month due to the ongoing coronavirus pandemic.   A new date for the $1 million event at Royal Greens Golf & Country Club was agreed by tournament promoters and owners, Golf Saudi, and the Ladies European Tour (LET), which will see some of the world’s finest golfing talent arrive on Saudi shores for the historic occasion.    His Excellency Yasir O. Al-Rumayyan, Chairman of ......read more

Shaker Group Reports Full-Year Revenue Growth of 14.1%; Net Loss Narrows by 74.8%

• Material impact of Breakthrough Program turnaround strategy demonstrated by results • 12-month gross profit of SAR 165.6 million improved by 65.8% year-on-year • 12-month revenue of SAR 882.8 million improved by 14.1% from 2018 • 12-month net loss narrowed by 74.8% to SAR 49.8 million • Earnings per share improved to loss of SAR 0.79, from SAR 3.12 in 2018     Riyadh, Saudi Arabia, 30 March 2020:   Shaker Group (“Al Hassan Ghazi Ibrahim Shaker Co.”, the “Company” or the “Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced its financial results for the year ended 31 December 2019. Full-year revenue of SAR 882.8 million grew by 14.1% as compared to 2018. ......read more

AMAALA Appoints HKS Architects Master Planner of Triple Bay and the Coastal Development

HKS appointed Master Planner for AMAALA’s Triple Bay and The Coastal Development   RIYADH – 18 MARCH 2020:     AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of international design firm HKS Architects as Master Planner for Triple Bay and The Coastal Development. Set in the Prince Mohammed bin Salman Nature Reserve, AMAALA will bring to life the desires and ambitions of a community passionate about shaping, and living, transformative moments.  Commenting on the appointment Chief Executive Officer of AMAALA, Nicholas Naples, said: “AMAALA will be a globally recognised destination for arts and culture, as well as one of the most comprehensive, integrative health, wellness, and sports offerings in ......read more

Refinitiv Media Report: Saudi Arabia Sets the Stage for a High Stake Market Share Battle

March 11, 2020:   Refinitiv today released a report on the latest development in the Oil market. According to Ranjith Raja, Oil Research Manager, Middle East and North Africa, Refinitiv, the Benchmark crude prices went into a tailspin on Monday morning trade following OPEC and its allies including Russia failing to agree on extending and deepening the output cut which expires at the end of this month. Oil prices closed on Friday with Brent down by 10.4% and WTI down by 7.8% w-o-w. As of 07:30 GMT this morning, Brent crude was at $33.93/MT, down by 25%, the largest single day drop since the Gulf War in 1991, while WTI was down by 26.8% at $30.22/MT. On market opening, prices dropped to an intra-day low of $31.29/MT for Brent and $27.37/MT for WTI. Raja noted that Saudi Arabia, Russia and USA together contribute more than 30% ......read more

Trade Bank of Iraq Showcases Investment Opportunities in Iraq at Global Trade Review MENA 2020 Summit

Dubai, February 26, 2020:   Trade Bank of Iraq (TBI) promoted investment opportunities in Iraq at the Global Trade Review (GTR) MENA 2020 summit held in Dubai and highlighted their commitment towards reconstruction of Iraq through its activities in the trade finance sector. Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector. It’s assessed that the real GDP growth of Iraq is expected to grow up by an average of 3.1% by 2023 with non-oil GDP expected to grow tremendously on the back of the reconstruction efforts.  TBI representatives present at the GTR MENA summit highlighted the potential opportunities to invest in the fledgling economy as the country continues to ......read more

Other Top Stories from Banking and Investments
 
Revenue of start-up firm ITCAN set to hit AED 100 million in 2020…

GCC’s growing e-commerce sector estimated to reach USD 20 billion by 2020 March 3, 2020: Start-up company ITCAN, a full-service Technology and Digital Marketing company that brings insights, information, and expertise to create exponential growth, has announced that it is close to earning AED 100 million this year since its launch in Dubai. The milestone is about to be reached against ......read more

Honeywell, Saudia Aerospace Engineering Industries Lead the Way in Middle East Aircraft Maintenance…

Honeywell demonstrates continued commitment to Saudi Vision 2030   February 25, 2020:   Saudia Aerospace Engineering Industries (SAEI), a Honeywell (NYSE: HON) certified service centre, has completed more than 100 auxiliary power unit (APU) repairs from its Jet Propulsion Center in Jeddah, Saudi Arabia. SAEI is the only Honeywell certified service centre in the Middle East ......read more

Ericsson Received Awards at the Stc Partner Day for Saudization and International Operational ...…

February 18, 2020:   Ericsson (NASDAQ: ERIC) is titled the Operational Excellence Winner in the international category and the winner of Rawafed Award for Saudization at the 9th Partner Day ceremony held by stc group in the presence of stc executives in addition to more than 175 suppliers and partners of the group.     Launched in early 2018, Ericsson established an ......read more

Bahri Renews Support to Saudi Maritime Congress to Drive Local and Global Maritime Sector Growth…

Partnership highlights commitment to industry development in line with Saudi Vision 2030   16 February 2020 -   Furthering its commitment to contributing to the advancement of the maritime sector, Bahri, a global leader in logistics and transportation, reiterated its support to Saudi Maritime Congress. In its capacity as Founding Strategic Partner of the event, the company ......read more

Start of Construction at the Dammam West ISTP Project Site Marks the Next Stage of Development for ...…

• Today marks the start of construction at the first Independent Sewage Treatment Plant Project in the Kingdom of Saudi Arabia in Dammam  • Key project documents including the finance documents have been executed   • Notice to Proceed has been issued allowing contractors to mobilise and commence construction activities at the Dammam West project ......read more

Kingdom of Saudi Arabia Leads with World's First National Hyperloop Study, in Partnership with ...…

Saudi Minister of Transport, H.E. Eng. Saleh bin Nasser Al-Jasser, commissions study to propel the Kingdom on the forefront of transport innovation globally    February 8, 2020:   The Ministry of Transport (MoT) in the Kingdom of Saudi Arabia, today announced a contract agreement with Virgin Hyperloop One (VHO), the world’s leading hyperloop company. ......read more

‘Living Golf' Returns to CNN With Golf Saudi as Sponsor…

Globally popular golf and lifestyle show set for revamped return in conjunction with golf’s fastest emerging market 05 February, 2020, King Abdullah Economic City, Saudi Arabia:   One of golf’s best-loved entertainment shows, Living Golf, is returning to CNN with an exclusive title sponsorship from the sport’s fastest growing market.  CNN’s Living ......read more

Data the Key to Improved Transparency in the Kingdom of Saudi Arabia…

JLL’s 2019 Year in Review report says the government will continue to work towards improving market transparency   Riyadh, KSA - February 4, 2020:   As the Kingdom of Saudi Arabia (KSA) continues to open its doors to the world, data will play a critical role in improving market transparency in the country, according to JLL’s 2019 Year in Review report ......read more

Ul Gets Saudi Quality Marking Accreditation From Saso to Test and Certify Products…

Dubai, 27 January 2020:   UL, a global independent safety science company, has been authorized by the Saudi Standards, Metrology and Quality Organization (SASO) to test and certify products to comply with the internationally recognized Saudi Quality Marking (SQM) safety standards. Awarded with a three-year SQM accreditation, UL is offering its expertise and knowledge to companies in ......read more

Global Polo Star Ignacio “nacho” Figueras Unveiled as Brand Ambassador for Saudi Arabia's Amaala ...…

Argentinian polo legend to help develop world-class equestrian facilities at AMAALA          AMAALA Chief Executive Officer Nicholas Naples            signs Polo Legend Ignacio ‘Nacho’ Figueras as first AMAALA Brand Ambassador. AMALAA is delighted to partner with the Saudi Polo Federation, pictured (l-r) Polo ......read more

Mysk by Shaza Delivers Captivating Pitch for Owners at Saudi Arabia Hotel Investment Conference…

Riyadh - January 23, 2020:   Mysk by Shaza took part in the ‘Three Minute Pitch’ at the Saudi Arabia Hospitality Investment Conference (SHIC) in Riyadh on 21 January. Noelle Homsy, Development Manager of Shaza Hotels, delivered a highly-acclaimed presentation, showcasing Mysk’s enriching transformational experiences infused with cultural connections. Elaborating on ......read more

Gary Player Commits to Inaugural Golf Saudi Summit…

Golf’s international ambassador and icon of the game joins gathering of leading industry figureheads to discuss the development of Saudi’s vision for golf in the kingdom 16 January, 2020, King Abdullah Economic City, Saudi Arabia:   Nine-time Major Champion, Gary Player, will join a host of golf’s most influential figures at the Golf Saudi Summit, taking place in ......read more

International Maritime Industries to play key role at upcoming Saudi Maritime Congress 2020…

Mega shipyard to hold workshop to showcase growth opportunities in its facility     January 13, 2020 - In an exciting initiative announced today (date), maritime suppliers keen to develop a relationship with International Maritime Industries (IMI) are invited to a ‘Mega Yard, Mega Opportunity: IMI Supplier Workshop’ on the first day of Saudi Maritime ......read more

Saudi Arabia Hotel Investment Conference to Put the Spotlight on Mysk by Shaza's Unique Proposition ...…

Riyadh: Shaza Hotels, will make a special presentation to Saudi Arabia’s hotel owners and investors at the Saudi Arabia Hotel Investment Conference (SHIC) in Riyadh on 21-22 January 2020 about Mysk by Shaza’s compelling brand proposition in the area of Transformational Lodging. Shaza will also compete in the Three-Minute Pitch to Owners, to highlight some of the main characteristics ......read more

VFS Global launches Greece Visa Application Centre in Jeddah…

• After Al Khobar and Riyadh, the new Visa Application Centre for Greece opens in Jeddah • Optional Visa At Your Doorstep service available to customers across the country     Dubai, United Arab Emirates, December 23, 2019:   Residents of Jeddah travelling to Greece can now apply for their visas from a Visa Application Centre within the city. VFS Global ......read more

Retail Industry Leaders to Convene in Riyadh For the 6th Retail Leaders Circle Mena Summit…

Exclusive event taking place on the 10 – 11 February 2020 is expected to welcome more than 1,500 Retail CEOs Founders, Directors and policy-makers    23 December 2019 - Riyadh, Saudi Arabia:   Retail Leaders Circle, the prominent international organization that convenes powerful industry leaders, innovators and influential decision-makers, has announced that the ......read more

Millennium Taiba Hotel interacts with the initiative of Madinah Emir…

Under the sponsorship of the Emirate of Al Madinah, the hotel organized an informative workshop   Al Madinah, Kingdom of Saudi Arabia (December 19, 2019) – Millennium Taiba, the 5-star hotel located at the heart of Madinah, has organized an informative workshop for hospitality professionals in the region of Madinah. This influential event comes in line with the initiative of ......read more

AWJ Investments Continues Expansion In Saudi Arabia With Five Openings In The First Half Of 2020…

19 December 2019, UAE:  - Following the successful launch of three of its brands – Operation: Falafel, Catch 22 and Awani – in Riyadh and Operation: Falafel in Dammam and Dhahran, AWJ Investments is continuing its impressive expansion into the Saudi market with five restaurants set to open in H1 of 2020.  The company behind famous F&B brands Operation: Falafel, ......read more

ICAEW: KSA financial landscape is evolving, but must maintain fiscal reforms to meet privatisation ...…

Dubai, United Arab Emirates, December 17, 2019:   Achieving Saudi Arabia’s Delivery Plan 2020, as part of its wider Saudi Vision 2030 Realisation Program, requires consolidation of the Kingdom’s regulatory laws, investment listing rules, and corporate governance. This was the view during ICAEW’s Corporate Finance Faculty (CFF) roundtable on corporate fundraising and ......read more

Oliver Wyman Forum Ranks Which Cities Will Lead the Mobility Revolution…

• New Index ranks Singapore, Amsterdam, London, Shanghai, and New York as the top five cities • Dubai and Riyadh feature in the top-ranking cities representing the Middle East region • Global cities in Europe, North America, Asia Pacific, Latin America, and Middle East and Africa ranked on mobility ecosystem development     Dubai, December 15, ......read more

Saudi Ambassador to Yemen Mohammed Al Jabir Meets MSF Delegation…

RIYADH, Saudi Arabia, Dec. 12, 2019:   Saudi Development and Reconstruction Program for Yemen (SDRPY) Supervisor-General Ambassador Mohammed bin Saeed Al Jabir welcomed a delegation from Médecins Sans Frontières (MSF) at program headquarters in Riyadh on Wednesday. The guests were briefed on Saudi development efforts in Yemen. The MSF delegation included International ......read more

Gulf Electrical Power Laboratories is now operational to optimize power assets in the Middle East…

• Signed agreements with key customers and stakeholders in the GCC • Much-awaited laboratory poised to be the first in the region and largest in the world to begin construction     December 12, 2019:    Gulf Electrical Power Laboratories (CESI | GEPL), a state-of-the-art electromechanical testing facility, announced the commencement of their operations as ......read more

Amaala Announces Incorporation…

Ultra-high-end Public Investment Fund (PIF) hotel and residential project, AMAALA, is set to become an exclusive, sustainable destination for well-heeled adventurers through transformational wellness, arts and the purity of the Red Sea.                              RIYADH – 9 DECEMBER 2019:  ......read more

Saudi Arabia Assumes 2020 G20 Presidency…

• The Kingdom of    Saudi Arabia   assumes the 2020 G20 Presidency today, 1 December, 2019. • The Saudi G20 Presidency will focus on "Realizing Opportunities of the 21st Century for All." • The Kingdom of  Saudi Arabia  commends the work of the Japanese G20 Presidency in 2019 and will continue to support its efforts to forge global ......read more

HP and Saudi Authorities Disrupt Two Local Criminal Operations…

Criminals had manufactured and traded large volumes of counterfeit print cartridges   SAUDIA ARABIA, November 28, 2019 – HP and Saudi Arabian authorities conducted a number of highly successful operations in the summer of 2019, to disrupt the trade of counterfeit HP branded cartridges across Saudi Arabia.   In July 2019, Saudi officials, supported by HP, raided several ......read more

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