Business & Money | Tuesday 2 March, 2021 5:22 am

Jadwa Investment Launches Mezzanine Financing Fund

 Jadwa Investment, Saudi Arabia’s leading investment management and advisory firm, announced today the launch of its first closed-ended mezzanine financing fund. The new Shariah-compliant offering is part of Jadwa’s ongoing commitment to expanding clients’ access to new asset...

More Details

Business & Money | Monday 1 March, 2021 11:37 am

Azizi Developments’ Berton in Al Furjan reaches 52% construction completion

 Azizi Developments, a leading private real estate developer in the UAE, has announced the 52 per cent completion of Berton, an exceptionally well-connected residential development in the heart of Dubai’s emerging growth corridor, Al Furjan. In line with its commitment to timely...

More Details

Business & Money | Monday 1 March, 2021 11:05 am

AMAALA SIGNS MOU WITH THE SAUDI FEDERATION FOR CYBER SECURITY, PROGRAMMING AND DRONES

 AMAALA, the ultra-luxury development located along Saudi Arabia’s north western coast, has signed a Memorandum of Understanding (MoU) with the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP). The signing will pave the way for the adoption of innovative and emerging...

More Details

Business & Money | Monday 1 March, 2021 9:00 am

Saudia Cargo & Cainiao Network Agreement Connecting China with Europe Through Cargo Operation from Hong Kong

Saudia Cargo has announced the signing of cargo agreement with one of the leading IT and logistics operator, Cainiao Network– the logistic arm of Alibaba Group – to support e-commerce operations between China and Europe by operating five weekly flights from Hong Kong to Liege in Belgium with...

More Details

Business & Money | Friday 26 February, 2021 3:04 pm

Zain KSA reduces 96.6% of its accumulated losses

Zain KSA has revealed its quarterly fiscal results which showcase a steady growth in its operating revenues of about 7% in Q4 2020 compared to the previous quarter, where, revenues achieved are SAR 2,061 million compared to SAR 1,928 million for Q3 of 2020. The company announced in a statement ...

More Details

Business & Money | Friday 26 February, 2021 2:59 pm

SAMI concludes IDEX 2021 participation with key strategic partnerships

Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), today announced that it concluded its successful participation in the International Defense Exhibition and Conference (IDEX) 2021 in Abu Dhabi, UAE, as part of the Saudi Pavilion. SAMI’s...

More Details

Business & Money | Wednesday 24 February, 2021 9:25 pm

HRH Crown Prince Announces Soudah Development Company (SDC)

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), has announced the launch of Soudah Development Company (SDC) in the Asir region. The new entity, fully owned by the Public Investment Fund...

More Details

Business & Money | Wednesday 24 February, 2021 12:56 pm

NCB and Mastercard Launch Best-in-Class Credit Card for Corporates in Saudi Arabia

Mastercard, the global technology leader, and the National Commercial Bank (NCB), a leading financial institution in the region, have launched a new corporate credit card offering NCB corporate and MSMEs clients a wide range of financial solutions. The Mastercard Corporate World card allows...

More Details

Business & Money | Wednesday 24 February, 2021 8:55 am

Mohamed Ali Al Shorafa: “IDEX” promotes the Emirate of Abu Dhabi’s position on the global defense industries map

H.E. Mohamed Ali Al Shorafa, Chairman of Abu Dhabi Department of Economic Development, stressed that International Defence Conference (IDEX) reflects the wise leadership’s vision towards promoting the position of Abu Dhabi on the global defense industries map. As well as creating more economic...

More Details

Business & Money | Tuesday 23 February, 2021 1:55 pm

Finastra Universe 2021 to explore digital transformation in the financial sector

 Finastra Universe 2021 is a unique virtual event that brings together banks, fintechs and developers to explore the impact of technology on financial services. It will open on March 2, with hundreds of sessions available on demand via the Finastra Universe platform throughout the rest of the...

More Details