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331 - 340 from 16530 . In "BUSINESS"
Strategic partnership between Saudi Awwal Bank and UnionPay International fuels Saudi Vision 2030 tourism drive
In a strategic step towards enhancing the digital payment ecosystem in the Kingdom, Saudi Awwal Bank, a leading bank in the Kingdom of Saudi Arabia, announced its strategic partnership with UnionPay, a world-leading payment network.This partnership marks a major milestone in increasing merchant UnionPay coverage. It will empower “SAB” to enable digital acceptance of UPI payments across physical stores, ATMs, and e-commerce platforms.Acceptance of UPI cards in the Kingdom will ease international tourists' and pilgrims' transactions using their cards on “SAB” POS and ATMs, followed by e-commerce later this year. This initiative aligns with the nation’s goal of fostering a robust digital infrastructure and driving economic growth by accelerating the transition towards a...
July 16, 2024

Strategic partnership between Saudi Awwal Bank and UnionPay International fuels Saudi Vision 2030 tourism drive

OMODA Jaecoo Exhibiting Their EV & PHEV Technology at Riyadh Global EV & Mobility Technology Forum
The inaugural Global EV & Mobility Technology Forum, taking place from 10 to 11 July 2024 in Riyadh, is a premier event bringing together international policymakers, institutions, NGOs, corporations, companies, and startups with a focus on sustainable urban mobility solutions. The forum will delve into various critical topics, including sustainable transportation solutions, autonomous and internet-of-vehicle technologies, and infrastructure development such as charging stations. The forum aims to propel the industry towards smarter, more environmentally friendly, and convenient directions, promising profound implications for future transportation and mobility. Mr. Sheldon from OMODA Jaecoo participated in the public speaking forum on both days, discussing the potential use of technology in...
July 14, 2024

OMODA Jaecoo Exhibiting Their EV & PHEV Technology at Riyadh Global EV & Mobility Technology Forum

Amazon.sa reveals epic deals exclusive to Prime members during longest Prime Day ever in Saudi Arabia
Amazon.sa is gearing up to release thousands of incredible deals for its longest Prime Day sale event ever in Saudi Arabia from July 16 until July 21, offering exceptional value exclusively to Prime members. For the first time, Prime members will enjoy six full days of Prime Day deals and savings across over 30 product categories, including electronics, gaming, fashion, beauty, kitchen, home, health, sports, and Amazon Devices. It’s not too late to join Prime for only SAR 16/month or SAR 140/year at Amazon.sa Prime to access Prime Day and enjoy year-round benefits of membership, such as unlimited free and fast local and international delivery options and access to Prime Video and Prime Gaming. Prime members in Saudi Arabia will also be able to shop a wider selection of deals across...
July 12, 2024

Amazon.sa reveals epic deals exclusive to Prime members during longest Prime Day ever in Saudi Arabia

Aljomaih-led consortium achieves financial close for 3.96 GW Taiba-2 and Qassim-2 power projects in Saudi Arabia
Aljomaih Energy & Water Company, a leading Saudi investor, developer, and operator of utilities and infrastructure projects, along with its consortium members Ajlan & Bros Group, Buhur for Investment Company, and the EDF Group, are pleased to announce the achievement of the financial close of the Taiba-2 and Qassim-2 Combined Cycle Gas Turbine (CCGT) power projects with a total capacity of 3.96 GW, in the Kingdom of Saudi Arabia.The two projects have been financed through a combination of equity bridge financing and senior debt, secured by Riyad Bank, Saudi Awwal Bank, Abu Dhabi Commercial Bank, Banque Saudi Fransi, Arab Petroleum Investment Corporation (APICORP), Saudi Investment Bank, Bank Al Jazira, Commercial Bank of Dubai, and First Abu Dhabi Bank, for the approximate value of USD 3.9...
July 12, 2024

Aljomaih-led consortium achieves financial close for 3.96 GW Taiba-2 and Qassim-2 power projects in Saudi Arabia

The Saudi market receives the wonderful new Haval Jolion Pro
Automotive Distribution & Marketing Co. Ltd (ADMC), the authorized dealer for Great Wall Motor (GDM), officially launched the new Haval Jolion Pro model in the Saudi market during a ceremony held for this occasion at the company's main showroom on the Madinah Road in Jeddah. The event was attended by officials from GWM and ADMC Company and received widespread media coverage.The new Haval Jolion Pro is equipped with a 1.5-liter, four-cylinder engine with a turbocharger. This engine produces 148 horsepower and 220 Newton-meters of torque. The engine's power is transmitted to the front wheels through a 7-speed dual-clutch automatic transmission. The engine is characterized by smooth performance and fuel-efficient operation, with a fuel consumption rate of 13.7 km/liter.Julian Pro...
July 11, 2024

The Saudi market receives the wonderful new Haval Jolion Pro

Rapid digital transformation spurs need for technology-driven internal audit in Saudi Arabia
A new study by KPMG highlights the profound impact of rapid digital transformation and technological advancements, particularly in artificial intelligence (AI), on internal audit practices within the Kingdom.The report identifies several key technology risks that internal auditors must address. Data privacy concerns are paramount as organizations increasingly rely on big data, cloud computing, and AI, necessitating vigilant protection of corporate and personal data from cyber threats. Additionally, regulatory compliance is crucial, with new laws requiring Saudi-owned data to be stored within the Kingdom. Internal auditors play a critical role in ensuring adherence to these regulations.The rise of AI and open data platforms also poses significant risks to data privacy, requiring auditors to...
July 11, 2024

Rapid digital transformation spurs need for technology-driven internal audit in Saudi Arabia

OMODA JAECOO revolutionize the automotive market in Saudi Arabia by opening first mother company spare parts warehouse in Dammam
In a historic first for the automotive industry in the Kingdom, and in alignment with the Kingdom’s Vision 2030 and its dynamic commercial strategy, OMODA JAECOO brands have inaugurated their first premier spare parts warehouse in the city of Dammam. This strategic initiative marks a significant milestone in the brand’s commitment to providing unparalleled customer service and operational excellence.OMODA & JAECOO are driven by a vision to deliver the highest quality products and customer experiences. Recognizing the ongoing challenges faced by customers in Saudi Arabia regarding after-sales services and spare parts availability, the brands have established 5,200 square meters of state-of-the-art warehouse facilities. Managed directly by their head office in Riyadh, this new facility...
July 10, 2024

OMODA JAECOO revolutionize the automotive market in Saudi Arabia by opening first mother company spare parts warehouse in Dammam

Sanadak: Revolutionizing real estate in Saudi Arabia
In the realm of real estate, innovation is key to unlocking new possibilities and simplifying transactions for all parties involved.Sanadak, a groundbreaking prop-tech platform in the Kingdom of Saudi Arabia, is poised to transform the landscape. Not just another player, Sanadak stands out as the second prop-tech platform to secure an FAL license from REGA in Saudi Arabia, emphasizing its commitment to leveraging technology for user benefit. What sets Sanadak apart is its unique focus on creating a sociable interface and community hub for real estate enthusiasts, not just a tool for deals.Since its launch, Sanadak has been on a mission to redefine how real estate transactions are conducted. The platform has made significant strides by participating in key summits and exhibitions like...
July 09, 2024

Sanadak: Revolutionizing real estate in Saudi Arabia

Lulu Hypermarket now open at Laban Square in Riyadh
RIYADH — Retail major LuLu Group further expanded its presence in the Kingdom of Saudi Arabia by unveiling its latest retail destination at Laban Square, Dhahrath Laban, Riyadh.Hassan Muejab Al-Huwaizi, Chairman of the Federation of Saudi Chambers and Mohammed Abdulrahman Aba Hussain Deputy of Integrated Investors Services – Ministry of Investment officially, inaugurated the 61st hypermarket in the presence of Yusuff Ali M.A., Chairman and Managing Director of LuLu Group and other dignitaries.The hypermarket, spread over 69,000 square feet in the popular Laban Square, features all the favourite shopping amenities that have made LuLu the fastest-growing retail chain across KSA. There will be a well-stocked supermarket with the choicest selection of ingredients from across the world,...
July 08, 2024

Lulu Hypermarket now open at Laban Square in Riyadh

Martijn Blanken.
Neo Space Group appoints Martijn Blanken as new CEO
RIYADH — Neo Space Group (NSG), Saudi Arabia’s leading commercial communications and technology space company, has announced the appointment of international telecoms industry veteran Martijn Blanken as its new group Chief Executive Officer (CEO).NSG, a new Public Investment Fund (PIF) company, focuses on pursuing strategic and commercially attractive space opportunities with a broad portfolio of communications services. It aims to unlock the potential of space from Saudi Arabia to the world by delivering advanced satellite communication services through different orbits. Additionally, NSG will invest in innovative start-ups, partner with world-class space companies, and localize key activities to the Kingdom.The Board of Directors of NSG, chaired by Abdullah Al Swaha, Minister of...
July 08, 2024

Neo Space Group appoints Martijn Blanken as new CEO

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