Business & Money | Thursday 28 December, 2023 9:26 am

solutions EGM OKs SAR 308.8M reserve transfer to retained earnings

Arabian Internet and Communications Services Co.’s (solutions) shareholders approved transferring its statutory reserve, amounting to SAR 308.76 million as shown in the financial statements of 2022, to retained earnings, during the extraordinary general meeting (EGM) held on Dec....

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Business & Money | Thursday 28 December, 2023 9:25 am

Bupa Arabia wins SAR 337.3M contract to provide health insurance to SNB employees

Saudi National Bank (SNB) appointed Bupa Arabia for Cooperative Insurance Co. to provide health insurance services to the bank’s employees and their families, for one year effective Jan. 1, 2024, the insurer said in a statement to Tadawul.   The contract value is SAR 337.3 million, ...

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Business & Money | Thursday 28 December, 2023 8:01 am

Cisco Exceeds Goal to Positively Impact One Billion People

One year ahead of schedule, Cisco has surpassed its goal to make a real, tangible difference in the lives of one billion people, leveraging a powerful combination of technology and people, backed by its purpose to power an inclusive future for all. To achieve its goal of positively impacting...

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Business & Money | Wednesday 27 December, 2023 1:03 pm

SAMA seeks public feedback on financial governance amendments

The Saudi Central Bank (SAMA) invited interested parties and specialists concerned with “Key Principles of Governance in Financial Institutions” to send their feedback via Istitlaa platform, according to a statement today, Dec. 27.   The amended rules align with changes in the...

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Business & Money | Wednesday 27 December, 2023 1:01 pm

Dubai Customs bags Global Customs Innovation Award 2023

Dubai Customs has solidified its position as the world's leading customs organization in innovation by clinching the prestigious Global Customs Innovation Award 2023. The organization secured the first place in the "Customs Innovation Award" under Track #1, recognizing innovative solutions that...

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Business & Money | Wednesday 27 December, 2023 11:45 am

HONOR Showcases the Future of Technology to Saudi Media & Influencers in China

As part of HONOR vision to introduce its breakthrough technologies and best-in-class innovations to experts in tech and media, the global technology brand, recently curated an exclusive visit for media professionals and technical influencers in Saudi Arabic to its Head Office, Smart Manufacturing...

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Business & Money | Wednesday 27 December, 2023 10:17 am

Sure, Investment Ministry sign SAR 100M framework agreement

Sure Global Tech Co. signed, on Dec. 26, an open framework agreement with the Ministry of Investment to develop the services and applications of technical investment systems, including maintaining current systems and providing consulting expertise to create new...

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Business & Money | Wednesday 27 December, 2023 10:04 am

Fintech Saudi Signs MoU with Kyndryl to Become an Enablement Partner in the Kingdom

Fintech Saudi and Kyndryl (NYSE: KD), the world’s largest IT infrastructure services company, have signed a memorandum of understanding (MoU) to help accelerate the adoption of advanced innovation among Saudi Arabia’s home-grown and locally...

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Business & Money | Wednesday 27 December, 2023 9:34 am

Commerce chambers should capitalize on promising sectors in each region: Al-Kassabi

Chambers of Commerce should seize the investment opportunities available in promising sectors based on the competitive advantages of each region, Saudi Press Agency reported, citing Minister of Commerce Majid Al-Kassabi. He added that the chambers should empower small and medium-sized...

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Business & Money | Wednesday 27 December, 2023 9:31 am

Mawani lays cornerstone for integrated logistics zone in Dammam at over SAR 150M

Jeddah – The Saudi Ports Authority (Mawani) and MEDLOG laid the cornerstone for the integrated logistics zone at King Abdulaziz Port in Dammam at a total investment value of over SAR 150 million.   The new zone is distinguished by its location, which gives it a...

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