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In "BUSINESS"
October 26, 2025
Prince Sultan University, King Fahad Medical City sign MoU to provide medical students with practical AI experience
Global AI device ecosystem company HONOR unveiled on Thursday the HONOR X9d 5G, a smartphone that redefines durability, endurance, and user experience. Designed for explorers, professionals, and anyone who lives without limits, the HONOR X9d 5G combines breakthrough toughness, a massive battery, and bold innovation to empower every journey.The fall that made historyIt’s not every day a smartphone makes gravity flinch. The HONOR X9d did exactly that, earning a Guinness World Record for the Highest Smartphone Drop and surviving a fall from 6.133 meters without a crack in sight. It wasn’t a stunt; it was a statement. For an industry that long treated durability as the enemy of design, HONOR proved both can coexist beautifully. The drop was not about spectacle but purpose, showing that...
October 23, 2025
HONOR launches the unbreakable AI Smartphone HONOR X9d 5G, delivering toughness, power, and innovation in One Sleek Package
Summary of results for the first nine months of 2025:Net profit after zakat and income tax: SR6,405 million reflecting an 8% year-on-year increase from SR 5,944 millionTotal operating income: SR10,990 million, reflecting a 5% year-on-year increase from SR10,467 millionNet loans and advances: SR293 billion, reflecting a 16% year-on-year increase from SR252 billion in the same period of the previous yearCustomer deposits: SR 315 billion, up 14% from SR 276 billion in Q3 2024Total equity: SR 78 billion, representing a 19% year-on-year increase from SR 65 billion Lubna S. Olayan, Chair of the Board of Directors of the Saudi Awwal Bank (SAB), announced on Thursday the bank’s financial results for the nine-month period ended 30 September 2025.SAB recorded a net profit after zakat and income...
October 23, 2025
Saudi Awwal Bank records SR6.4 billion net profit after zakat and income tax for first 9 months of 2025; an increase of 8% compared to 2024
October 22, 2025
OMODA 4 Media Preview: Shaping the future of mobility with media and users
October 22, 2025
Yapı Merkezi reaffirms its commitment to Saudi Arabia with the opening of its regional headquarters in Riyadh
October 21, 2025
HP expands in Saudi Arabia with new manufacturing facility and AI R&D Center to support Vision 2030
October 21, 2025
Amazon to launch Online Grocery Delivery in Saudi Arabia with Al-Othaim Markets
October 21, 2025
ROX launches new flagship ADAMAS SUV in Abu Dhabi
Lulu Retail has expanded its footprint in Saudi Arabia by opening a new hypermarket in the Asal Center Tuwaiq in Riyadh. This move aligns with the Kingdom’s Vision 2030, aimed at boosting the economy and creating more job opportunities.The new store was officially inaugurated by Mohammed A. AlAhamri, Assistant Deputy Minister of Integrated Investors Services at the Ministry of Investment. During the inaugural ceremony, AlAhamri was accompanied by Turki AlAjlan, Board Member of Riyadh Chamber, Matar Salem Ali Marran AlDhaheri, Ambassador of UAE to Saudi Arabia, Dr. Suhel Ajaz Khan, Ambassador of India to Saudi Arabia, Yusuffali M.A, Chairman of Lulu Group, and other dignitaries.“We’re proud to continue our expansion in Saudi Arabia. This hypermarket reflects our commitment to Vision...
October 20, 2025
Lulu opens new hypermarket in Tuwaiq, Riyadh
Mozn, a regional leader in enterprise AI technologies, has entered into a strategic agreement with AlRajhi Bank, aimed at supporting the bank’s efforts in combating financial fraud through Mozn’s AI-driven financial crime prevention platform, FOCAL. Saudi Arabia’s economic transformation is accelerating, and digital finance now stands as a key driver of the Kingdom’s pursuit of economic excellence. In 2024, electronic payments made up 79% of all retail transactions, up from 70% in 2023, with 12.6 billion non-cash payments processed across Saudi Arabia. This strategic pivot, underpinned by advanced digital infrastructure, highlights the Kingdom’s commitment to building a strong digital economy.Amid this rapid digital shift, FOCAL by Mozn offers capabilities that are essential in...
October 19, 2025
AlRajhi Bank partners with Mozn to harness AI in the fight against fraud
