Saudi Arabia in recent years has made major shifts to transform its economy into one focused on green energy. The government itself is leading the charge, setting a goal to generate 50 percent of the Kingdom’s power needs using renewable energy by 2030. NEOM, a sustainable region under...
ABB will participate in the Dubai EXPO 2020 as an official partner of the Swedish Pavilion and showcase its leading technology in a digital and interactive way partnering with more than 100 companies and institutions. With a history of more than 130 years and Sweden as one of the birthplaces...
Lucid Motors, the Californian electric vehicle (EV) carmaker majority-owned by Saudi Arabia’s Public Investment Fund (PIF), will make its trading debut on New York’s Nasdaq Global Select Market on Monday. Listed under the new ticker symbol “LCID”, the listing came about following ...
Leading retailer LuLu further strengthened its presence in the Eastern Province of Saudi Arabia with the grand opening of its new express store in the heart of Dammam, located at Jalawiya Plaza. With the launch of a new outlet, LuLu's branches in the Kingdom have risen to 22 and 211...
Month of September confirmed for Kingdom’s premier security, safety and fire protection trade fair Riyadh, Saudi Arabia: Intersec Saudi Arabia, the Kingdom’s largest trade fair for security, safety, and fire protection, has been rescheduled to take place in September 2022, the show’s...
The rise of financial technology companies in Saudi Arabia will stimulate merger and acquisition activity in the coming years, according to global management consultancy KPMG. The fintech boom in the Kingdom has the potential to put pressure on traditional banks as the new companies...
Sharjah, 17th July 2021: Sharjah Islamic Bank announced an increase in its operating profit before provisions by 25.6%, amounting to AED 417.3 million for the first six months, compared to AED 332.3 million for the same period of the previous year. Net profit amounts to AED 289.5...
Spinneys and Starbucks unveiled with more facilities coming soon Nakheel, the world-leading master developer, is expanding its retail portfolio with Nad Al Sheba Pavilion, a new shopping and leisure destination at the Nad Al Sheba Villas community. Spanning more than...
To support its strategy of becoming a global competitor in the film industry, Manga Productions, a subsidiary under MiSK foundation, announced the signing of a cooperation agreement with Koch Media, a leading film distribution company, to distribute the movie ‘The Journey’ in Germany and five...
New research by Mastercard has highlighted the important role of government support in helping small and medium enterprises (SMEs) across the Middle East and Africa (MEA) to recover, position for growth, and contribute to economic prosperity. In the inaugural Mastercard MEA SME...