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In "BUSINESS"
July 13, 2025
PIF launches Tasama to boost Saudi business services sector
Lulu Retail has opened a new hypermarket in Jeddah’s Al-Baghdadiyah Al-Gharbiyah district.Located along the Al Andalus Road, the new outlet offers a comprehensive and modern shopping experience that combines convenience, variety, and innovative retail design.The store was officially inaugurated by Eng. Nasar Salem Almoteb, Deputy Mayor of Jeddah Municipality in the presence of Ihsan Bafakih, Executive vice chairman of Al Nahla group, Nasser Huwaiden Thaiban Ali Alketbi, Consul General of UAE in Jeddah, Fahad Ahmed Khan Suri, Consul General of India in Jeddah, and Yusuffali M.A, Chairman of LuLu Group, along with other dignitaries.Yusuffali said: “We are proud to further strengthen our footprint in Jeddah with the launch of this hypermarket in Al-Baghdadiyah Al-Gharbiyah. This expansion...
July 09, 2025
Lulu launches new hypermarket in Jeddah
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has been named “Best Bank in Saudi Arabia for 2025” by Euromoney, recognizing the bank’s strong financial performance, continued digital advancement, and commitment to social responsibility over the past year.In 2024, SAB reported a net profit of SR8.07 billion, a 15% increase over the previous year. Operating income reached SR14 'million, supported by a 16% return on tangible equity, reflecting consistent performance and effective capital deployment.Lending remained a key area of growth, with net loans and advances rising by 20% to reach SR259 billion, in line with SAB’s strategy to support the financing needs of individuals and businesses across the Kingdom.SAB continued to strengthen its digital...
July 09, 2025
Saudi Awwal Bank named best bank in Saudi Arabia for 2025 by Euromoney for financial performance and innovation
July 08, 2025
XDS Datacentres signs 15-year deal to host 10MW of AI workloads in Saudi’s Desert Dragons facilities
July 07, 2025
Moyasar unveils MPG: A landmark in Saudi Arabia’s digital payment evolution
July 07, 2025
HONOR returns to Esports World Cup as Official Smartphone Partner for 2025
July 07, 2025
Saudi Awwal Bank signs on as mentor in the MEP Sustainability Champions Program
Morgan Stanley Capital International (MSCI), an investment research firm and a leading global Environmental, Social, and Governance (ESG) index provider, has upgraded stc group from “BBB” in 2024 to “A” in 2025 in its latest ESG ratings, marking a significant leap for the leading digital enabler from the 2024 rankings.stc group is now among the top 31% of telecom companies worldwide to receive an “A” rating, out of a total of 62 telecom companies ranked by MSCI. This ranking reflects the group’s consistent progress in embedding sustainability, governance, and transparency across its operations.In the MSCI report, findings on stc group’s improvements highlighted strengths in data privacy and cybersecurity. This included a comprehensive framework for external IT audits,...
July 07, 2025
stc group advances to “A” in MSCI ESG ratings, strengthening global sustainability position
July 03, 2025
Alkhorayef Commercial Company partners with XSQUARE Technologies to elevate logistics automation in Saudi Arabia
July 02, 2025
Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector
