Business & Money | Monday 19 June, 2023 8:59 am

Saudi Payments Awarded ISO 17065 Certification for Excellence in Product, Process, and Service Certification

Saudi Payments has obtained the international standard IEC/ISO 17065, provided through the Saudi Accreditation Center, making it the first financial entity in the Kingdom to obtain this accreditation. By fulfilling all requirements of this certification, which encompasses products, processes and...

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Business & Money | Monday 19 June, 2023 8:52 am

PIF Makes Major Health Sector Investment with the Establishment of “Lifera”, a Pharmaceutical Manufacturing Company

The Public Investment Fund (PIF) today announced the establishment of the Pharmaceutical Investment Company (Lifera), a commercial-scale contract development and manufacturing organization, to enable the growth of the local biopharmaceutical industry, strengthen national...

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Business & Money | Monday 19 June, 2023 8:49 am

Saudi Export-Import Bank participates in TXF Foundation’s annual conference in Portugal

Reinforcing its crucial role in establishing international partnerships and empowering Saudi non-oil exports, Saudi EXIM Bank participated in the annual TXF conference recently held in Lisbon, Portugal, from June 15-16, 2023.The TXF conference is a global event, attracting numerous experts and...

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Business & Money | Sunday 18 June, 2023 9:05 am

HRSD says documented flexible work contracts exceed 358,440

The Ministry of Human Resources and Social Development (HRSD) said the number of flexible work contracts documented through the platform amounted to 358,440, Al Eqtisadiah newspaper reported.The ministry indicated that these professions include general salesman, groceries seller, technical services ...

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Business & Money | Sunday 18 June, 2023 8:49 am

Mastercard partners with Bankiom to issue virtual prepaid cards across GCC region

Mastercard is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks a significant stride in Mastercard's ongoing commitment to advancing digitalization in the payments landscape...

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Business & Money | Sunday 18 June, 2023 8:34 am

ADDED and Valeo to develop mobility sector in Abu Dhabi

The Abu Dhabi Department of Economic Development (ADDED) and Valeo have reached a strategic agreement to develop the industrial sector and avail the opportunity to Valeo to design and manufacture electric and autonomous driving car components in the emirate of Abu Dhabi. The partnership aims...

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Business & Money | Sunday 18 June, 2023 8:23 am

Private sector must take further action to retain Emirati talent, finds latest survey from PwC Middle East

PwC Middle East has issued its first-ever 2023 Emiratisation Survey, The Retention Riddle: How to keep Emirati talent in the private sector, that explores how the UAE is actualising the country’s national vision mandate of boosting Emirati representation in the private-sector...

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Business & Money | Sunday 18 June, 2023 8:04 am

Emarat Unveils 'Emarat Millionaire' Campaign through EmCan loyalty app

Emirates General Petroleum Corporation unveiled the 'Emarat Millionaire' campaign, powered by EmCan, Emarat's loyalty app, offering customers a chance to win AED 1 million.Customers who spend AED 35 or more on non-fuel products at Emarat stations can enter a digital raffle. Scanning the QR code on...

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Business & Money | Sunday 18 June, 2023 8:00 am

RAKEZ showcases lucrative business prospects for Indian investors looking to expand to the UAE

Ras Al Khaimah Economic Zone (RAKEZ) recently concluded a successful business roadshow across key Indian cities, including Mumbai, Hyderabad and Ahmedabad. The roadshow aimed to provide Indian business owners with an overview of the potential of expanding their operations in the Middle East through ...

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Business & Money | Saturday 17 June, 2023 2:46 am

MAWANI opens new logistics zone at Jeddah Islamic Port

The Saudi Ports Authority (MAWANI), in partnership with LogiPoint, a subsidiary of Saudi Industrial Services Co., opened a new 72,000 square meter-logistics development at Jeddah Islamic Port with an investment of SAR 150 million.   In a statement, MAWANI said the new zone provides...

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