Business & Money | Wednesday 30 September, 2020 2:43 am

Zain KSA: Refinances the joint Murabaha contract at preferential terms

Zain KSA announced it has successfully signed an agreement for rescheduling its SAR 3.85 billion syndicated Murabaha financing facility with a consortium of eight banks on September 27, 2020. The refinancing facility is part of a previous refinancing agreement of an amount of SAR 5.9 billion...

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Business & Money | Wednesday 30 September, 2020 2:00 am

Ge9X Engine Achieves Faa Certification

The GE9X engine has been certified by the U.S. Federal Aviation Administration (FAA) authorities, a key milestone in its journey to power the new twin-engine Boeing 777X family. The FAR (Federal Aviation Regulation) Part 33 certification involved eight test engines. This certification...

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Business & Money | Wednesday 30 September, 2020 12:40 am

Euromoney launches The REDF Saudi Housing Finance Conference on 1st October

The REDF Saudi Housing Finance Conference will launch in October as Euromoney’s second digital Saudi Series.  All the great interview, panels and exclusive content you have come to expect from our annual spring REDF conference will be streamed online live, interactive and on demand. The ...

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Business & Money | Tuesday 29 September, 2020 9:59 pm

Kpmg: Saudi-listed Insurers Report Strong Performance In H1 2020 Amid Covid-19 Impacts

Saudi insurers witnessed a substantial increase in net profit before zakat in the first half of 2020 with gross written premium (GWP) maintaining an upward trajectory and declining loss ratios, according to a new report released by KPMG in Saudi Arabia, a leading provider of audit, tax and advisory ...

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Business & Money | Tuesday 29 September, 2020 3:09 pm

Saudia Cargo has enhanced the logistic capacity of its fleet and added a Boeing 747-400F freighter, bringing the total number to seven aircraft.

The company said the new aircraft will boost the cargo and supply operations and help meet the significant surge on the demand for medicine, medical and preventive equipment and other similar goods.  Omar Hariri, CEO, Saudia Cargo, commented, “We have taken practical steps to guarantee...

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Business & Money | Tuesday 29 September, 2020 1:45 pm

Landmark Arabia Partners with Ekhaa Charitable Foundation for Orphan Care, Launches Month-long Donation Drive Across Stores

Landmark Arabia - the Saudi arm of Landmark Group, today announced that it has partnered with EKHAA Charitable Foundation for Orphan Care, to support children in need and help improve their quality of life.  In line with the partnership, Landmark Arabia is launching an in-store...

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Business & Money | Tuesday 29 September, 2020 10:44 am

TENNIS PLAYER JANNIK SINNER BECOMES THE NEW AMBASSADOR FOR PARMIGIANO REGGIANO

Parmigiano Reggiano Consortium announces the two-year agreement with the rising tennis star Sinner The nineteen-year old rising tennis star Jannik Sinner becomes the new face of Parmigiano Reggiano.Once again, Parmigiano Reggiano invests in the world of sport to highlight the naturalness,...

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Business & Money | Tuesday 29 September, 2020 10:33 am

ACME Intralog partners with Kardex Remstar to ease pressure on regional warehouse operators

As the demand from e-commerce sector continues to grow, regional warehouse operators are under substantial pressure due to sudden demand for increased inventory space and lead time. To help them boost productivity and navigate complex warehouse challenges, ACME has partnered with Kardex...

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Business & Money | Tuesday 29 September, 2020 9:18 am

G20 backs Saudi Arabia’s circular carbon economy strategy

Energy ministers from the G20 group of leading economies have endorsed Saudi Arabia’s approach to managing harmful greenhouse-gas emissions in the global campaign against climate change. At the end of a two-day meeting organized by the Saudi G20 presidency in Riyadh, the ministers issued a...

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Business & Money | Tuesday 29 September, 2020 5:00 am

Brambles successfully completes its five-year sustainability programme

Brambles Limited, parent company of CHEP and one of the world’s most sustainable logistics companies, pioneer of the circular economy, has released its 2020 Sustainability Review. This review details Brambles’ achievements since the launch of its ambitious ‘2020 Sustainability Goals’...

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