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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

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 of eleven of the most influential global executives from technology, finance and business, that will support the ongoing development of the program for the 2018 Future Investment Initiative (FII).   The second  edition of FII is taking place in Riyadh from October 23rd-25th 2018 and will explore how investment can be used to drive growth opportunities, fuel innovation and shape future economies.    With a wealth of ......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 succeed within the dynamic and fast moving Saudi banking sector. With over 20 years of experience in developing regional business leaders, Ashridge delivered a highly customized program, designed not only to address the specific challenges facing the Bank’s leaders today, but also to unlock the emerging opportunities in the future. Mr. Haitham Al-Medainy, General Manager of Bank Al Bilad, said: “Banking executives must constantly ......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 high-profile clients, announced its plans to launch a new jewelry business in the Kingdom of Saudi Arabia (KSA) in line with its expansion plans in the region. Albairaq for Diamonds and Jewelry will form part of the growing Al Basel Group led by the founder and CEO Basel Al Kasem, with his younger brother Omar Al Kasem at the helm of operations.  The company is set to be operational by the end of 2018, giving rise to a range of job opportunities 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 their network.    Launched in February 2018, the Qimam Fellowship Program attracted more than 13,000 applications. Of these, 150 applicants were invited to Riyadh for two in-person interviews conducted by more than 50 senior leaders from the public and private sector. Based on the interview outcomes, an admissions committee comprising members of Qimam’s partner companies selected 50 students as Qimam ......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 of the US$ 100 million Framework Agreement, signed between the Republic of Uzbekistan and ITFC on the 6th March 2018. “The purpose of the Framework Agreement is to find ways and means to ensure close cooperation and coordination of efforts between ITFC and the Government of Uzbekistan, and to pave the way for a strategic partnership between the Parties” commented Eng. Hani Salem Sonbol, CEO ITFC. The main area of cooperation ......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 “Trade Finance as a Key Factor in Trade Promotion” .  “ITFC is aspiring to play a pivotal role in the development of Islamic Trade Finance in Uzbekistan. ITFC and the Government of Uzbekistan signed USD 100mln Framework Agreement to finance pre-export and import activities in the country. ITFC is gearing itself to work with its partners –namely, UNDP and Turk Eximbank to promote Islamic Trade Finance among the Uzbek banks and ......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 countries Riyadh, 8 May 2018:   Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, and the leadership of HRH Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince, Deputy Prime Minister, Chairman of the Council of Economic and Development Affairs and Chairman of the Public Investment Fund (PIF), PIF has announced the second Future Investment Initiative (FII), which will take place from ......read more

Al-Jazeera Paints Concludes A Program Under Its Sponsorship to Introduce Parents to Registration Mechanism in Noor System

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 sponsorship of Al -Jazeera Paints in two famous commercial complexes in the region. The Assistant General Manager of Education for Educational Affairs Mr. Saad Al-GOOni has viewed the start of the program in the presence of Testing and Admission Manager Department, Mr. Issa Al-Hilali, while some of the citizens praised  the efforts of the team to provide services and help to end registering  their sons and daughters and overcoming technically ......read more

Other Top Stories from Banking and Investments
 
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

Credit FAQ Discusses Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns…

LONDON (S&P Global Ratings) Aug. 9, 2017:  In a Credit FAQ titled "Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns," published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council ......read more

Emerson's new Middle East training program welcomes Saudi graduates…

DAMMAM, Saudi Arabia, July 31, 2017 – Emerson Automation Solutions has started their Beginners Integration Training (BIT) Program this month, recruiting 15 Saudi nationals who have recently graduated from top universities and institutes in the Kingdom of Saudi Arabia and the United States. The recruitment and training program, which is consistent with Emerson’s global commitment to ......read more

MoU between the Islamic Development Bank Group and the Chamber of Commerce and Industry in Medina ...…

Under the patronage of the Deputy Governor of Medina Region Medina, KSA – June 14, 2017:  Under the Patronage of H.R.H. Prince Saud Bin Khalid Al-Faisal, Deputy Governor of Medina Region, the Chairman of the Islamic Development Bank (IsDB) Group, H.E Dr. Bandar bin Mohammed Hamza Hajjar and the Chairman of the Chamber of Commerce and Industry of Madinah H.E Mr. Munir Mohammed Nasser ......read more

ITFC Fuels Mali's Energy Sector With € 40 Million Agreement…

Supporting access to energy through importing petroleum products and electricity are vital to economic growth and foster the socio-economic conditions in Mali. Jeddah, May 21 2017:  The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a € 40 million Agreement with the Government of Mali, which was signed by Dr. ......read more

Saudi Arabia and GE announce raft of MoUs and agreements worth $15 billion in industrial project ...…

In support of Saudi Vision 2030: Agreements drive economic diversification in power, healthcare, oil and gas, mining and digital transformation of industry. Riyadh, Kingdom of Saudi Arabia. May 21, 2017:  Building on its more than 80 years of partnership and experience in the Kingdom, GE [NYSE: GE] has taken significant steps in supporting the delivery of Saudi Vision 2030, today ......read more

The International Islamic Trade Finance Corporation (ITFC) Supports SMEs and Private Sector in ...…

Jeddah – May 16, 2017 (Hilton – Al Qasr Hall):  ITFC  has  organized a  side-event  during  the  IDB  Group  Private  Sector  Forum, in conjunction with the IDB Group 42nd Annual Meeting held in Jeddah-Saudi Arabia. Given the importance of this forum and the high profile audience that   this  event  has attracted, ......read more

Dhofar Global to strengthen its presence in KSA, Kuwait & Bahrain by 2020…

May 09, 2017- Dhofar Global, a leading supplier of hygiene products in the Middle East, has marked its 10th anniversary with a celebration of its decade-long accomplishments and the unveiling of a more ambitious expansion plan to fully cement its market footprint across the region. The company recently hosted an event for their suppliers, clients and employees at the Westin Dubai Mina Seyahi ......read more

Alawwal bank wins 'Best Retail Bank' in Saudi Arabia at the Asian Banker awards…

Riyadh, Kingdom of Saudi Arabia – 08 May 2017:  Alawwal bank was named the 'Best Retail Bank' in Saudi Arabia 2017 at the Asian Bankers, International Finance Excellence Awards held at the Ritz Carlton in Dubai on 20 April.  The award recognises Alawwal bank's customer centric approach and focus on innovation in products, services and its digital ......read more

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