Business & Money | Monday 24 July, 2023 9:51 am

Snap Inc. continues to demonstrate the power of immersive retail with 33%+ increase in shoppers to the 2023 AR Ramadan Mall

Snap Inc. is proud to unveil a 33% increase in visitors to the second edition of its pioneering Snap AR Ramadan Mall, demonstrating the appetite for immersive retail experiences across the region. The 2023 activation, which saw collaborations with leading brands such as American Eagle, Ounass and...

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Business & Money | Monday 24 July, 2023 9:21 am

Ruwad approves funding for three projects in Q2'23

The Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), affiliated to the Sharjah Economic Development Department, has approved the financing of three projects after studying the feasibility of 15 requests for funding in various sectors between April and June.Sultan Abdullah bin Hadda...

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Business & Money | Monday 24 July, 2023 8:45 am

Bena signs SAR 75 mln credit facility with SNB

Bena Steel Industries Co. signed, on July 23, a Sharia-compliant credit facility agreement worth SAR 75 million with Saudi National Bank (SNB), the company said in a statement to Tadawul today, July 24.    ...

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Business & Money | Monday 24 July, 2023 8:42 am

Leejam co-establishes Padel X Sports firm with World Wide Padel

Leejam Sports Co. (Fitness Time) established Padel X Sports Co. (a limited liability company) with SAR 50,000 capital, in partnership with World Wide Padel.   Leejam aims to invest in Padel sports in Saudi Arabia by building and operating Padel courts. The incorporation of the new...

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Business & Money | Monday 24 July, 2023 8:40 am

Naseej Tech awards Elm SAR 4.8 mln contract

Naseej for Technology Co.  awarded on July 20 a SAR 4.77 million worth project (VAT inclusive) to Elm Co. for supplying, indexing and storing information resources in public libraries.   In a statement to Tadawul today, July 24, Naseej Tech pointed out that the project relevant...

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Business & Money | Sunday 23 July, 2023 12:55 pm

Saudi Arabia leads region in venture capital in H1 2023 at nearly about $446 mln

Saudi Arabia recorded a decline of 27% year-on-year (YoY) in venture capital (VC) to $446 million during the first six months of 2023, according to a recent report by MAGNiTT. The number of deals was also on a decline with a 44% annual retreat in H1 2023 to 54 deals. With the government...

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Business & Money | Sunday 23 July, 2023 12:38 pm

PIF Establishes Al Madinah Heritage Company to Develop and Enhance Production of Saudi Ajwa Dates

The Public Investment Fund (PIF) has announced the establishment of Al Madinah Heritage Company (“MHC” or “the Company”). The new company will play a key role in improving the quality and production capacity of Ajwa dates in the Madinah region. The launch of the Company will help further...

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Business & Money | Sunday 23 July, 2023 11:37 am

Riyadh Development Company signs sponsorship agreement with Jahez International Company

Riyadh Development Company (ARDCO) announces the signing of a sponsorship agreement with Jahez International Company for IT Services as the official Strategic Digital Sponsor of Otaiqah Dates Season. The announcement is in line with the launch of the 2nd edition of Otaiqah Dates Season, one of the...

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Business & Money | Sunday 23 July, 2023 11:03 am

NHC delivers 18,000 residential units across Kingdom YTD

National Housing Co. (NHC) have delivered more than 17,700 residential units across the Kingdom year to date.   The company maintains its strategies and plans to speed up the delivery of housing units. It recently announced the handover of more than 25,000 residential units across...

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Business & Money | Sunday 23 July, 2023 9:48 am

BT Group Transforms its Business Approach with a Cloud Core Network from Juniper Networks to Enable New Services at Exceptional Scale and Quality Globally

Juniper Networks (NYSE:JNPR), a leader in secure, AI-driven networks, today announced it is supporting BT Group’s ongoing transformation journey towards a highly scalable, automated and robust cloud core infrastructure for business and consumer customers. BT Network Cloud supports...

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