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In "BUSINESS"
August 18, 2024
THIQAH, KAUST present research paper at the ArabicNLP 2024 conference
Retail giant LuLu Group has further strengthened its presence in the Kingdom of Saudi Arabia by opening a new LuLu Express store in Al Rawdah, Dammam.This 10,000 sq.ft. store offers the convenience of LuLu's signature product range, quality, and affordability in a compact format.The store was officially inaugurated by Mohammed Al Otaibi, Chairman of Mayadin Al Khalij Company for Real Estate Development and Investment, alongside Shehim Muhammed, Director of LuLu Saudi Hypermarkets KSA, and other senior officials.The LuLu Express - Al Rawdah store is designed to enhance the shopping experience for residents by providing a well-curated selection of high-quality products across various categories, including grocery food, non-food items, health & beauty, fruits & vegetables, bakery, meat,...
August 17, 2024
LuLu expands in Saudi Arabia with new express store in Dammam
Chery, a leading Chinese independent automobile brand, found its place on the 2024 Fortune Global 500 list, which was unveiled on Aug. 5. Chery made its debut at 385th with an operating revenue of US dollar 39.0917 billion. This significant milestone highlights Chery Group's global competitiveness.OMODA & JAECOO, Chery's new personalized brand targeting the global market, plays a crucial role in Chery's globalization strategy. In this year, OMODA & JAECOO has consistently surpassed 20,000 units in monthly sales over a three-month period, contributing 20.8 percent to the group’s total export volume. Since the brand’s launch 15 months ago, cumulative sales have exceeded 280,000 units. This remarkable performance has positioned OMODA & JAECOO as the fastest-growing automotive...
August 15, 2024
In a milestone achievement, OMODA & JAECOO's parent company Chery joins Fortune Global 500
Universal Inspection Co. Ltd (UIC), established in 2010 in the Kingdom's largest industrial city of Jubail, has rapidly emerged as one of the world's top service providers for calibration, testing, inspection, and training services. With a presence in multiple cities across Saudi Arabia, including Riyadh, Dammam, Jeddah, NEOM, and others, UIC offers comprehensive industrial support services through a team of highly qualified engineers and technicians.Leadership and VisionThe company is led by Hamdan Atiah Mohamed Najmi, the Sole Proprietor and President, alongside Abdul Majeed Bathurudeen, who serves as the CEO and Managing Director. Under their leadership, UIC has built a reputation for delivering excellence in industrial support services.Global Accreditation and...
August 15, 2024
Universal Inspection Co. Ltd (UIC): A leading provider of quality services in Saudi Arabia and beyond
August 13, 2024
Al Jomaih and Shell Lubricating Oil Company renews its partnership with ISUZU MOTORS INTERNATIONAL FZE for a continued successful collaboration
August 13, 2024
Lucid opens studio and service center in Jeddah
August 07, 2024
Aramco acquires additional stake in Petro Rabigh
August 06, 2024
HP introduces Gaming Garage Lab at Saudi Electronic University to boost Saudi Arabia's gaming and esports industry
Saudi Awwal Bank (SAB) announced on Monday the Bank’s financial results for the period ending on June 30, 2024.In the first half of 2024, SAB demonstrated robust financial performance, with a net profit of SR4,061 million after Zakat and Income Tax, marking a 23% year-on-year increase. The bank's total operating income also grew year-on-year by 10%, reaching SR6,939 million. Lubna Olayan, Chair of SAB, commented: "I am delighted to report another period of strong financial performance for SAB. Our H1 2024 results demonstrate the success of our transformation strategy and our ability to deliver sustainable growth."She further added: “Our loan growth has been remarkable, outpacing the market with substantial increases in our corporate and retail sectors. Our corporate...
August 05, 2024
Saudi Awwal Bank records SR4.1 billion net profit after zakat and income tax for 1H24, marking a 23% increase from 1H23
August 04, 2024
World-class falcon auction on Monday in Riyadh: Top breeds from across the globe
