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441 - 450 from 16533 . In "BUSINESS"
barraq signs agreement with MoneyGram
The financial technology app barraq has signed a strategic partnership agreement with MoneyGram leading global financial technology company that connects the world’s communities.Through this partnership, consumers in Saudi Arabia will be able to use their barraq app to send funds around the world. MoneyGram’s innovative cross-border platform will enable recipients to receive funds directly into bank accounts and mobile wallets, or cash out at over 450k retail locations across more than 200 countries and territories worldwide.Barraq CEO Ahmed Alenazi said: “We are pleased to sign this agreement With a giant money transfer operator like MoneyGram, and we look forward to more partnerships with major entities around the world to meet our customers' aspirations.”MoneyGram CEO Alex...
March 06, 2024

barraq signs agreement with MoneyGram

Adrian McDonald, President, Dell Technologies EMEA.
Dell: At the Forefront of Saudi’s Tech Evolution
For over two decades, Dell Technologies has been at the heart of Saudi Arabia's technology sector. As part of its ongoing commitment to driving transformation for its customers and partners in the Kingdom, Dell is showcasing its end-to-end portfolio of solutions at LEAP 2024. We spoke to Adrian McDonald, President, Dell Technologies EMEA, who shared insights on the big five unsolved challenges of technology, latest innovations, and the company’s role in helping Saudi businesses accomplish their digital transformation goals. Can you please share your insights on the current business growth drivers? The digital age is accelerating at pace, giving consumers more power and choice. For businesses, this is a great market environment to use digital tools to grow their brands....
March 06, 2024

Dell: At the Forefront of Saudi’s Tech Evolution

Arcapita closes SR1.8 billion Logistics Fund in Saudi Arabia
Arcapita Capital Company (“Arcapita”), a subsidiary of Arcapita Group Holdings Limited (“Arcapita Group”) announced on Wednesday the closing of KSA Logistics Fund III for SR1.8 billion ($500 million), with participation from a leading sovereign wealth fund from the GCC region and other major institutional investors.Arcapita has already deployed a substantial amount of the fund in a sizable portfolio of industrial real estate assets across the manufacturing and warehousing sectors. Over the coming months, the Firm expects to execute on a pipeline of further assets situated in strategic locations across Riyadh, Jeddah, and the Eastern Province. Arcapita will also take a built-to-suit approach, whereby properties will be developed with long-term off-take arrangements with...
March 06, 2024

Arcapita closes SR1.8 billion Logistics Fund in Saudi Arabia

Talaat Moustafa Group, Egypt’s most prominent urban developer, and its strategic partner, Al Muhaidib Group, announced the formation and launch of the Talaat Moustafa Group Saudi Company for Real Estate Development (TMG Saudi).
To develop a variety of urban projects in Saudi Arabia, Talaat Moustafa Group and Al Muhaidib Group launch strategic partnership
Talaat Moustafa Group, Egypt’s most prominent urban developer, and its strategic partner, Al Muhaidib Group, announced the formation and launch of the Talaat Moustafa Group Saudi Company for Real Estate Development (TMG Saudi).The strategic partnership will commence with the “Banan City” project in Riyadh, while various smart and sustainable urban projects will be developed in Saudi Arabia.The agreement was signed by Hisham Talaat Moustafa, CEO and managing director of Talaat Moustafa Holding Group, and Essam Abdulkadir Al Muhaidib, CEO of Al Muhaidib Group, in the presence of Sulaiman Abdulkadir Al Muhaidib, chairman of Al Muhaidib Group.On this occasion, Hisham Talaat Moustafa said: “We are pleased for the group’s new imprint in Saudi Arabia, which reflects our vision and...
March 06, 2024

To develop a variety of urban projects in Saudi Arabia, Talaat Moustafa Group and Al Muhaidib Group launch strategic partnership

RAFAL partners with HIVE to introduce first coLiving in Saudi Arabia
In a significant move that ushers in a new era of modern living, Rafal Real Estate Development Company, in collaboration with HIVE, the innovative Dubai-based living solution, announces their strategic partnership in the Saudi Arabian market. The announcement was coupled with a ground-breaking ceremony for the first project on King Salman Road in Riyadh, to be followed with a series of projects covering more than ten strategic locations across the Capital.Rafal embodies a cutting-edge approach to real estate development, while HIVE brings innovative living solutions tailored specifically for the dynamic lifestyle of young professionals. Designed to cater to the discerning needs of this demographic, HIVE offers more than just a residence – it delivers a comprehensive plug-and-play living...
March 05, 2024

RAFAL partners with HIVE to introduce first coLiving in Saudi Arabia

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For the third year running, Bank Albilad sponsors the Saudi Arabian Grand Prix 2024
Bank Albilad is proud to announce its strategic sponsorship for the third consecutive year of the Saudi Arabian Grand Prix 2024 Formula 1 Race. This prestigious event is scheduled to unfold from March 7th to 9th at the iconic Jeddah Corniche Circuit, nestled along the picturesque Red Sea coast. Renowned as the fastest and longest racing circuit globally, it remains a beacon of challenge and prowess, consistently earning its place as one of the most formidable tracks on the Formula 1 calendar, witnessing distinguished races brimming with excitement and enthusiasm over the previous seasons. In a statement issued by Bank Albilad, it was expressed, "This sponsorship aligns with the pivotal role played by the bank in bolstering initiatives that amplify the Kingdom of Saudi Arabia's...
March 05, 2024

For the third year running, Bank Albilad sponsors the Saudi Arabian Grand Prix 2024

Premier Li Qiang spoke at the opening of the annual National People's Congress (NPC) on Tuesday
China sets ambitious 2024 economic target
BEIJING — China has set an ambitious growth target of around 5% for this year, as it outlined a series of measures aimed at boosting its flagging economy.Premier Li Qiang made the announcement at the opening of the annual National People's Congress (NPC) on Tuesday.Li acknowledged that China's economic performance had faced "difficulties", adding that many of these had "yet to be resolved".It comes as China struggles to reinvigorate its once-booming economy."Risks and potential dangers in real estate, local government debt, and small and medium financial institutions were acute in some areas," he said. "Under these circumstances, we faced considerably more dilemmas in making policy decisions and doing our work."A series of other measures to...
March 05, 2024

China sets ambitious 2024 economic target

Saudi Re announces the sale of its shareholding in Probitas for GBP 120 million to focus on other growth opportunities
Saudi Re announced an agreement with UK-headquartered insurance company Aviva Insurance Limited or the sale of Saudi Re’s entire 49.9% stake in Probitas Holdings (Bermuda) Limited including its subsidiaries, for a consideration of GBP 120 million subject to final closing adjustments.Commenting on the transaction, Fahad Al-Hesni, Managing Director and CEO of Saudi Re, said “We believe the transaction will enable Saudi Re to strengthen its competitive position and reorient our financial resources towards new growth opportunities domestically and internationally.” Al-Hesni further noted that the transaction was agreed on terms very attractive to Saudi Re and creates a substantial shareholder value, generating nearly five times return on the initial investment. As Saudi Re embarks on an...
March 05, 2024

Saudi Re announces the sale of its shareholding in Probitas for GBP 120 million to focus on other growth opportunities

Toshiba strengthens its alliance with Arabian Business Machines Co. Saudi to add barcode and label printer offerings in Saudi Arabia
In a significant development that marks the continuation of a four-decade-long partnership, Toshiba - Workplace Solutions Business Division (WSBD) has inked a new deal with Arabian Business Machines Co. Saudi (ABM-S), focusing on the latest innovations in barcode printing technology. This collaboration will be highlighted at the upcoming LEAP event, scheduled from March 4 to March 7, 2024, at the Riyadh Exhibition and Convention Center in Malham, Saudi Arabia.Under this strategic partnership, Toshiba will introduce an advanced range of Barcode Printers known for their precision, reliability, and efficiency. These printers are designed to cater to modern businesses' dynamic needs, setting new industry benchmarks.A Testament to Enduring Partnership:Reflecting on the extended...
March 04, 2024

Toshiba strengthens its alliance with Arabian Business Machines Co. Saudi to add barcode and label printer offerings in Saudi Arabia

AWS announces $5.3 billion investment to launch infrastructure region in Saudi Arabia by 2026
RIYADH — Amazon Web Services (AWS) has announced plans to launch an infrastructure region in Saudi Arabia by 2026, with an investment exceeding $5.3 billion (approximately SR19.88 billion). This strategic move aims to provide developers, startups, entrepreneurs, enterprises, and organizations in healthcare, education, gaming, and the nonprofit sector with enhanced choices for running their applications and serving end-users directly from the Kingdom, ensuring data residency preferences are met.The announcement, made during the LEAP conference in Riyadh, marks a significant milestone in supporting the Kingdom's digital transformation efforts, aligning with Saudi Vision 2030's objectives to attract foreign university branches and increase private sector involvement in higher...
March 04, 2024

AWS announces $5.3 billion investment to launch infrastructure region in Saudi Arabia by 2026

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