Business & Money | Tuesday 6 July, 2021 12:31 am

Saudi issues new customs rules to boost local, GCC production

Saudi Arabia has approved the national rules of origin which aim to promote local content, Finance Minister Mohamed Al-Jadaan said on Twitter. It means that products which are not made in a GCC country will be considered foreign goods by customs. The decision was approved after...

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Business & Money | Tuesday 6 July, 2021 12:12 am

Search, Book, Go! Huawei’s Petal Search and Wego collaborate on a one-app travel experience

Huawei’s Petal Search, the easy-to-use application and search engine pre-installed on Huawei smartphones, has inked a partnership on 01 July 2021 with Wego, a leading travel marketplace in the MENA and APAC regions. With this, Huawei device users will see best deals and instant booking...

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Business & Money | Monday 5 July, 2021 3:40 am

SAMI Achieves AS9100 Certification for Excellence in Quality Management

In recognition of its compliance with the quality management systems requirements for aviation, space, and defense, Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), has been awarded the prestigious AS9100 certification. With this...

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Business & Money | Monday 5 July, 2021 3:32 am

Green finance surges in MENA region in first half of 2021, exceeding global growth rates

Green and sustainability-linked debt issuance in the MENA region reached $6.4 billion in the first half of 2021, already exceeding the total for the whole of last year, according to Bloomberg’s H1 2021 Capital Markets League Tables. H1 2021 green and sustainability-linked debt issuances in...

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Business & Money | Sunday 4 July, 2021 1:09 am

Foundation stone laid for $880m Chinese LED project in Saudi Arabia's Jubail

Chairman of the Royal Commission for Jubail and Yanbu, Abdullah Al-Saadan, laid the foundation stone for a SR3.3 billion ($879.8 million) factory to produce LED lighting lamps in the in Blaskim area in Jubail 2. The factory for China’s Shengkong International Company for Industry is expected ...

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Business & Money | Sunday 4 July, 2021 12:47 am

The Saudi Investment Bank: First bank in the Kingdom to adopt Cisco Innovative Technologies

Cisco has today announced that The Saudi Investment Bank (SAIB) has become the first financial institution in the Kingdom to adopt the entire Cisco SDN Architecture.  This enables SAIB to automate its network to quickly respond to changing business needs while improving customers...

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Business & Money | Sunday 4 July, 2021 12:42 am

BinDawood Holding appoints Mohammed Belkhayatte as Chief Transformation Officer

BinDawood Holding Co. (Tadawul: 4161 and the “Company”), one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia (‘KSA’), today announced it has appointed Mohammed Belhkayatte as Chief Transformation Officer. In his new role, Mohammed ...

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Business & Money | Sunday 4 July, 2021 12:35 am

stc Group CEO: There is a great deal the telecom industry can do together to contribute to a low carbon economy

stc Group CEO stc Eng. Olayan M. Alwetaid confirmed stc’s commitment to providing a service, which is as environmentally friendly, and to adopt integrated sustainable practices into every aspect of our business. “We understand that as a MENA digital enabler we have a duty to our country in...

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Business & Money | Thursday 1 July, 2021 8:41 am

TAWAL signs partnership agreement with three leading local IBS providers to expand next-generation In-Building Solutions

TAWAL, the leading integrated ICT infrastructure provider in the Kingdom, has signed partnership agreements with three leading local IBS solutions providers, including AL Babtain LeBlanc, BAZY, and MBUZZ. Those partnerships come in line with TAWAL's leading role in empowering national companies and ...

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Business & Money | Wednesday 30 June, 2021 9:26 am

Samsung partners with VEDA Holding to open innovative Experience Stores in KSA

Samsung today announced a partnership with Veda Holding, a business incubator based in Riyadh, Saudi Arabia. Veda Holding was founded in 2017 to support startups in a variety of sectors, including technology. Veda will serve as Samsung's official sponsor in Saudi Arabia, co-opening Al Nakheel Mall...

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