Business & Money | Sunday 9 July, 2023 12:47 pm

Beban TV Show Expands to Saudi Arabia in Partnership with GFH Capital Saudi Arabia

Entrepreneurship-themed reality television show ‘Beban’ announces the expansion of its third season to the Kingdom of Saudi Arabia, as Hope Ventures, the investment arm of Hope Fund and producer of Beban, partners with Saudi-based GFH Capital S.A. Saudi-based businesses can apply for...

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Business & Money | Sunday 9 July, 2023 12:09 pm

GHL Systems Berhad Selects Arab Financial Services to Process its Thai Merchant Transactions

GHL Systems Berhad (GHL), ASEAN’s leading payment solutions provider has selected Arab Financial Services (AFS), the Middle East and Africa region’s foremost digital payment solutions provider and fintech enabler, to process its merchant transactions in Thailand. The strategic...

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Business & Money | Sunday 9 July, 2023 9:12 am

HRSD Ministry to start job localization in Madinah, Jazan

The Ministry of Human Resources and Social Development (HRSD) will start localizing many professions and activities at certain ratios in Madinah and Jazan starting July 8.   The localization ratios of restaurant activities in Madinah will reach 40%. It will include restaurants with...

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Business & Money | Sunday 9 July, 2023 9:02 am

Monsha'at says 1,041 SMEs benefit from Tomoh, 3 go public on Nomu in 2023

The Small & Medium Enterprises General Authority (Monsha'at) said 1,041 small and medium-sized enterprises (SMEs) leveraged the Fast-Growing SMEs Services Program (Tomoh), which provides 30 services under four high-growth programs.   Tomoh has supported the offering of three ...

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Business & Money | Sunday 9 July, 2023 8:56 am

Emirates NBD to transform business operations and enhance productivity with generative AI

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region has announced a transformation focused on harnessing the power of generative AI to change Emirates NBD’s operations and enhance productivity across various business functions supported by Microsoft. ...

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Business & Money | Sunday 9 July, 2023 8:53 am

Sharakah and Muscat Finance collaborate to drive SME growth and support Green initiatives

To empower SME growth and foster impact investment in Oman, Sharakah and Muscat Finance have joined forces through a Memorandum of Understanding (MOU). Ali bin Ahmed Muqaibal, CEO of Sharakah, and Hussain Al Lawati, CEO of Muscat Finance, signed the MOU in a ceremony. By harnessing...

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Business & Money | Saturday 8 July, 2023 8:19 am

UAE Banks Federation hosts seminar on future of open banking and finance

UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, organised a virtual seminar on the prospects of open banking and finance on the 22nd of June, 2023. Several experts from the financial technology and banking sectors and senior executives of member banks of the...

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Business & Money | Saturday 8 July, 2023 6:41 am

SAMA issues executive regulations for payments law

The Saudi Central Bank (SAMA) issued the executive regulations of the payments and payment services law to help enhance soundness and efficiency of the payment systems infrastructure in the Kingdom.   In its statement, SAMA said the relevant regulatory and supervisory frameworks...

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Business & Money | Saturday 8 July, 2023 12:44 am

Electrical Industries' subsidiary inks SAR 153 mln supply contract with Saudi Aramco

Electrical Industries Co.'s subsidiary Saudi Power Transformers Co. signed a contract with Saudi Aramco for the supply of transformers to the latter, according to a statement to Tadawul.   The SAR 153 million deal has a supply term of 20 months, said the...

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Business & Money | Friday 7 July, 2023 1:54 am

Farnek awarded FM contracts worth AED 356 million in H1 2023

Leading UAE-based smart and green facilities management (FM) company Farnek has secured a host of new and retained contracts, valued at more than AED 356 million during the first six months of 2023.    In total Farnek has been awarded 69 contracts, an average of eleven every...

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