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351 - 360 from 16530 . In "BUSINESS"
Saudi Arabia embraces fitness: GymNation sees record 12,000 sign-ups in 3 days ahead of KSA openings
GymNation, the homegrown GCC fitness brand, has today announced record-breaking demand from KSA residents, ahead of the official opening of its first six gym locations in Saudi Arabia in August 2024.Over 120,000 people initially registered their interest in the four Jeddah and two Al Khobar locations, with the first phase of 12,000 memberships selling out in under 72 hours, breaking all previous pre-opening sales records for a gym brand in the Middle East.Already the UAE’s largest gym brand, GymNation’s launch into Saudi Arabia aligns directly with the ambitions of Vision 2030 and building a strong, happy, and fulfilling society as the foundation for economic prosperity. With physical, psychological, and social well-being at the heart, Vision 2030 aims to promote a society where...
June 10, 2024

Saudi Arabia embraces fitness: GymNation sees record 12,000 sign-ups in 3 days ahead of KSA openings

OMODA and JAECOO solidify expansion in Saudi market with opening of cutting-edge spare parts in Dammam
OMODA and JAECOO, the two International automotive brands under the Chery Group, one of the leading automobile manufacturers in China, announced the opening of their new 6,000-square-meter spare parts warehouse in Dammam, Saudi Arabia.This marks a significant milestone as #JAECOO and #OMODA becomes the first automotive brands from China to enter the Saudi market directly, bypassing the need for a local agent and have established their international head office here in Riyadh.The new warehouse in Dammam is stocked with more than 3,000 SKUs, covering 100% of the parts needed for the company's new vehicle models - the OMODA C5 and the JAECOO J7 - which are currently being showcased at POP-UP stores across different malls in the Kingdom. For Jeddah, the POP-UP store will be in Yasmin Mall....
June 09, 2024

OMODA and JAECOO solidify expansion in Saudi market with opening of cutting-edge spare parts in Dammam

Changan Almajdouie partners with Yelo to expand car rental fleet in Saudi Arabia
Changan Almajdouie, a leading automotive brand in Saudi Arabia, the authorized distributor for Changan cars in the Kingdom of Saudi Arabia has continued its significant partnership with Yelo, a premier car rental service in the Kingdom.This strategic collaboration will see Yelo integrate additional 2,000 units of Alsvin into their rental fleet, additional to the 15,500 units sold across the years from various models which ensures further solidifying Changan’s presence in the Saudi market.Changan Almajdouie has a strong foothold in Saudi Arabia with over 150,000 cars currently on the road paralleled with its track record of customer experience of service, part supply availability, and technical support on fleet companies levels. This impressive market penetration underscores the brand’s...
June 09, 2024

Changan Almajdouie partners with Yelo to expand car rental fleet in Saudi Arabia

Successful family businesses harness tradition, experience, and innovation to achieve a new dynamic form of legacy
The Global Family Business report from KPMG Private Enterprise and the STEP Project Global Consortium reveals how some successful business families adopt a future-centric view of legacy that binds generations together, creating dynamic legacies that adhere with tradition while simultaneously embracing innovation.The report provides insights that reveal many business families are overcoming the ‘legacy paradox’ — the trade-off between being a source of identity and inspiration versus a liability if so entrenched in tradition it stands in the way of innovation and change.The report brings together personal insights from the experiences of top family business leaders combined with data on the impact of family legacies on their business performance gathered from 2,683 family businesses...
June 05, 2024

Successful family businesses harness tradition, experience, and innovation to achieve a new dynamic form of legacy

Brazilian Vice President presides over LuLu-apexBrasil MoU signing
LuLu Saudi Hypermarket will play a lead role in the upgrading of bilateral commercial ties between the Kingdom of Saudi Arabia and the Federative Republic of Brazil. This was announced during a visit of the Vice-President of Brazil to the Kingdom of Saudi Arabia.During the visit, an MOU was signed between ApexBrasil, the Brazilian Trade and Investment Promotion Agency and LuLu Hypermarket, KSA to enhance the market’s awareness on Brazilian produce and boost consumption of Brazilian products in Saudi Arabia. The MoU will use LuLu’s vast retail platform to achieve these objectives.The MoU was signed by Jorge Ney Viana Macedo Neves, the President of ApexBrasil and Shehim Mohammed, Director of Lulu Hypermarkets in the presence of Geraldo Alckmin – Honorable Vice President and Minister of...
June 04, 2024

Brazilian Vice President presides over LuLu-apexBrasil MoU signing

UAE’s Burjeel Holdings, Colombia’s Keralty announce landmark joint venture for cost-efficient healthcare solutions in KSA and wider region
Burjeel Holdings, a leading super-specialty healthcare services provider with a growing presence in Saudi Arabia, today announced the signing of a joint venture with Keralty, a multinational health organization based in Colombia.The joint venture, AL KALMA, will make its debut in the Kingdom, leveraging the shift in the Saudi healthcare market towards a primary healthcare model. The alliance aims to enhance well-being throughout the value chain by promoting access to high-quality healthcare at an affordable cost.AL KALMA, a name that signifies 'united for health and well-being', will consolidate a unique value-based healthcare model with specialized primary care centers, health risk management, and a new range of integrated mental health services, expecting to reach nearly 30...
June 04, 2024

UAE’s Burjeel Holdings, Colombia’s Keralty announce landmark joint venture for cost-efficient healthcare solutions in KSA and wider region

JAECOO launches groundbreaking Torque Vectoring Four-Wheel drive technology reshaping extreme off-road experiences
Adhering to the design philosophy of "From Classic, Beyond Classic," the #JAECOO #J7 masterfully integrates the joys of off-roading with luxury, intelligence, and safety. The ARDIS All Road Drive Intelligent System, a smart technology uniquely developed by JAECOO to meet off-road demands, has evolved technologically once again, introducing an industry-unique Torque Vectoring Four-Wheel Drive system.JAECOO's Torque Vectoring Four-Wheel Drive system surpasses traditional off-road AWD technologies. It not only breaks through the performance limitations of conventional AWD but also enhances the off-road lifestyle of users with a strong and reliable performance value advantage.The Torque Vectoring Four-Wheel Drive technology in the J7 which is unique among competitors and based on...
June 03, 2024

JAECOO launches groundbreaking Torque Vectoring Four-Wheel drive technology reshaping extreme off-road experiences

Ali Bailoun, Visa’s Regional General Manager for Saudi Arabia, Bahrain, and Oman.
Unleashing the Full Potential of Fintech: Challenges, Opportunities, and a Way Forward
By Ali Bailoun, Visa’s Regional General Manager for Saudi Arabia, Bahrain, and OmanThe GCC has been experiencing rapid growth in its digital economy, spurred by a combination of government initiatives, regulatory support, and the increasing adoption of digital payments.Fintech is also driving this transformation with innovative technologies that extend the benefits of digital commerce to consumers and businesses. Through fintech, more consumers enjoy seamless and personalized financial experiences, businesses access a broader range of financial services, and the economy benefits from increased financial inclusion and innovation.Governments have been in the driver’s seat of this transformation. The Saudi Central Bank (SAMA), Central Bank of Bahrain, and Central Bank of Oman, for...
June 02, 2024

Unleashing the Full Potential of Fintech: Challenges, Opportunities, and a Way Forward

OPEC+ extends production cuts until end of 2025
Saudi Gazette reportRIYADH — The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have agreed to extend voluntary production cuts amounting to 2.2 million barrels per day until the end of 2025.OPEC announced in a press release on Sunday that the next ministerial meeting of OPEC+ is scheduled for December 1. Additionally, the Joint Ministerial Monitoring Committee (JMMC) will meet every two months to monitor production.The coalition, which includes OPEC and allies led by Russia, has implemented significant production cuts since late 2022. Currently, the total cuts by OPEC+ members amount to 5.86 million barrels per day, roughly 5.7% of global demand.These cuts include 3.66 million barrels per day from OPEC+ members until the end of...
June 02, 2024

OPEC+ extends production cuts until end of 2025

Unstoppable OMODA & JAECOO global export sales volume surpassed 220,000! Now joining the KSA market with their pre-sales campaign
The long wait for OMODA & JAECOO is finally over for the Saudi market, as starting next week, the pre-sales for OMODA & JAECOO will begin. Saudi customers can now book OMODA or JAECOO vehicles directly from their websites. In fact, the soft launch of the brand will also take place early next month at the beginning of June.To make it more attractive and honor the first batch of customers of OMODA or JAECOO vehicles, the Riyadh Head Office of OMODA & JAECOO has decided to offer several exciting sales and service offers, which will be limited to only the first batch customers. The first batch customers will be eligible to get a 7-year or 250,000 KM warranty (whichever comes first) instead of 6 years. They will also enjoy free maintenance service for up to 60,000 KM for up to 3 years....
May 31, 2024

Unstoppable OMODA & JAECOO global export sales volume surpassed 220,000! Now joining the KSA market with their pre-sales campaign

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