IBM announced today that Fahad Alanazi has joined IBM as General Manager of IBM Saudi Arabia. “I am privileged to join IBM and lead its business in Saudi Arabia,” says Alanazi. “Technology is a core component of the Kingdom's Vision 2030. By leveraging IBM's hybrid cloud and AI...
Research from Finastra, unveiled at its flagship (virtual) industry event – Finastra Universe – shows changing priorities for corporate banks and their customers over the next five years. It reveals that corporate banks are moving away from the traditional ‘relationship builder’ approach of ...
Fawaz Abdulaziz Alhokair Co. (“Alhokair”), the leading franchise retailer in Saudi Arabia, and Arabian Centres Company (“ACC”), the leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, (together “the buyers”) have announced that they will acquire a...
The Ministry of Human Resources and Social Development (HRSD) continues to offer support to small and medium enterprises (SMEs) and start-ups through its Qiwa platform which provides a range of online services developed to streamline and simplify labor law requirements for business owners.The aim...
IMA® (Institute of Management Accountants) and Saudi Arabia’s Financial Academy have signed a memorandum of understanding (MOU) in an effort to further the professional initiatives for both organizations. As part of the collaboration, The Financial Academy and IMA will create awareness of...
Cisco’s Small Business Partner Summit is taking place virtually this week, outlining the importance and growth potential of the small business sector across the Middle East and Africa. Small businesses account for 44% of all IT spending and continue to outpace traditional enterprise...
According to the EY MENA IPO Eye Q4 2020 report, the MENA region saw nine IPOs raise proceeds of US$1.86 billion, a fall of 40% in total issuances and 94% in total proceeds when compared with 2019. Out of the nine issuances, six were in the real estate sector, of which two were real estate...
Jadwa Investment, Saudi Arabia’s leading investment management and advisory firm, announced today the launch of its first closed-ended mezzanine financing fund. The new Shariah-compliant offering is part of Jadwa’s ongoing commitment to expanding clients’ access to new asset...
Azizi Developments, a leading private real estate developer in the UAE, has announced the 52 per cent completion of Berton, an exceptionally well-connected residential development in the heart of Dubai’s emerging growth corridor, Al Furjan. In line with its commitment to timely...
AMAALA, the ultra-luxury development located along Saudi Arabia’s north western coast, has signed a Memorandum of Understanding (MoU) with the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP). The signing will pave the way for the adoption of innovative and emerging...