Business & Money | Tuesday 27 July, 2021 1:24 am

PIF-backed Lucid Motors makes trading debut on Nasdaq

 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 ...

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Business & Money | Monday 26 July, 2021 9:22 am

LuLu expands presence in Eastern Province with new outlet in Dammam

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...

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Business & Money | Sunday 25 July, 2021 12:57 pm

4th edition of Intersec Saudi Arabia rescheduled to return in 2022

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...

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Business & Money | Sunday 25 July, 2021 2:34 am

Fintechs to drive M&A in Saudi banking sector — KPMG

 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...

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Business & Money | Sunday 18 July, 2021 12:08 pm

Sharjah Islamic Bank's net operating profit increased 26%, net profit 15%

  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...

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Business & Money | Sunday 18 July, 2021 12:04 pm

Nakheel opens new community Pavilion at Nad Al Sheba Villas

  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...

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Business & Money | Thursday 15 July, 2021 4:54 am

Manga Productions Signs a Cooperation Agreement with German Company Koch Media to Distribute ‘The Journey’ Movie in Six European Countries

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...

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Business & Money | Thursday 15 July, 2021 3:50 am

Government support and effective policies key to future growth, say SMEs across Middle East and Africa in Mastercard research

 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...

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Business & Money | Thursday 15 July, 2021 1:38 am

Geidea names global heavyweight Nick Ogden as new Board Member

Geidea, the largest fintech company in Saudi Arabia by market share, has appointed the global financial services and fintech heavyweight Nick Ogden to join its Board of Directors.In his role, Nick will be responsible for guiding the company’s strategic vision as it seeks to position itself as the ...

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Business & Money | Thursday 15 July, 2021 1:11 am

Home Box expands its KSA footprint with its 20th furniture store

One of the largest value furniture and homeware chain Home Box has opened its 20th retail outlet in the Kingdom of Saudi Arabia (KSA) and 32nd in the GCC as part of its expansion strategy, which is aimed at expanding its furniture homeware and home decor offering in the region. Strategically...

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