Business & Money | Tuesday 24 August, 2021 2:59 am

SINAAD joins Mastercard Fintech Express program to boost innovation in Bahrain’s fintech sector

 SINAAD,  a fully owned subsidiary of The BENEFIT Company (National Switch of Bahrain) has joined Mastercard’s Fintech Express accelerator program in Bahrain in a partnership designed to unlock Fintech opportunities and expedite market entry for Fintech players in the Kingdom....

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Business & Money | Tuesday 24 August, 2021 12:56 am

Majid Al Futtaim H1 2021 Financial Results: Path to Recovery Fuelled by Diversified Portfolio and Resilient Business Model

Majid Al Futtaim, the leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa, and Central Asia, today announced its audit reviewed operational and financial results for the first six months of the year. The Group has remained resilient and focused on adapting ...

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Business & Money | Monday 23 August, 2021 12:51 am

Over 900 companies join ‘Made in Saudi’ program with more than 2,000 products

The Saudi Export Development Authority (SEDA) revealed that the number of companies that joined the “Made in Saudi” program has reached more than 900, with over 2,000 registered products so far, since its launching in March this year. There are 16 diverse sectors that give priority for the ...

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Business & Money | Monday 23 August, 2021 12:46 am

Deal signed to empower Saudi Arabia’s Diriyah community

The Diriyah Gate Development Authority has signed a memorandum of understanding with the Social Development Bank to achieve social development and community services for the people of Diriyah, as well as promote cooperation in charity work. Diriyah Gate CEO Jerry Inzerillo said that the...

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Business & Money | Sunday 22 August, 2021 1:34 pm

Uber Reserve launches in Saudi Arabia, allowing riders to book rides on the Uber App upto 30 days in advance

Uber has introduced a new App feature in Saudi Arabia which offers riders the opportunity to book a ride on the Uber App up to 30 days in advance, along with the option for extended pick up windows. Uber Reserve unlocks even more certainty for riders, and gives drivers additional predictability...

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Business & Money | Sunday 22 August, 2021 1:57 am

74% of SMEs in Construction and Manufacturing across Middle East and Africa optimistic about future growth guided by potential for upskilling staff, access to credit and better data: Mastercard MEA SME Confidence Index

 Although different sectors were exposed to and impacted in diverging ways to the extensive changes of the COVID-19 pandemic, Small and Medium Enterprise (SME) confidence across most sectors is on the rise, according to the latest research by Mastercard. The inaugural Mastercard Middle...

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Business & Money | Sunday 22 August, 2021 1:14 am

Horacio Pagani S.p.A. announces a strategic partnership with the Public Investment Fund

Horacio Pagani S.p.A. ("Pagani" or the “Company"), as part of the ongoing growth strategy started over recent years, today announces a long-term strategic plan aimed at continuing its innovation path in the hypercars market and, at the same time, exploring new growth opportunities within the...

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Business & Money | Thursday 19 August, 2021 1:15 am

Latest Cisco AppDynamics App Attention Index Reveals Brands Have Only One Shot to Win Over Customers

Cisco AppDynamics has released the latest report in its App Attention Index research series, revealing consumer reliance on applications and digital solutions has soared since the start of the COVID-19 pandemic. The global study, which examined the digital behaviors of more than 13,000 global...

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Business & Money | Wednesday 18 August, 2021 3:41 am

SAMI and Bahri Ink Agreement to Support Defense Logistics Localization

 In line with its commitment to develop the capabilities and support the localization of Saudi Arabia’s military industries sector, Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), signed a logistics services agreement with Bahri, a...

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Business & Money | Wednesday 18 August, 2021 12:04 am

Mabaat Successfully Closes SAR 9 million funding round lead by Deryah Ventures fund

Mabaat, an innovative tech operator platform focused on disrupting the short-term rental market, has secured SAR 9 million in a seed funding round led by Deryah Ventures with participation from SEEDRA Ventures. Founded in October 2019 by Talal Al Sorayai, Mabaat has rapidly grown into a...

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