Business & Money | Wednesday 14 July, 2021 10:15 am

SEK International School to Open in Riyadh

The Ministry of Investment and the Royal Commission for Riyadh City (RCRC) announced today that they have partnered with SEK Education Group to open SEK International School Riyadh, its first campus in Saudi Arabia. The agreement, the second for the International Schools Attraction Program...

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Business & Money | Wednesday 14 July, 2021 3:50 am

Advanced Electronics Company Hosts Group of High School Students to Prepare Them for Future Careers

As part of its corporate social responsibility programs, the Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, hosted a group of high school students of the ‘job shadowing’ program organized by the Mohammed bin Salman bin Abdulaziz (Misk Foundation), during ...

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Business & Money | Wednesday 14 July, 2021 3:34 am

AMPO POYAM VALVES AND DAR MASSADER GROUP ESTABLISH ‘AMPO ARABIA’, OPEN NEW MANUFACTURING PLANT IN SAUDI ARABIA

AMPO POYAM VALVES today announced a partnership with Dar Massader Group to establish a joint local subsidiary known as ‘AMPO Arabia’, together with launching a new manufacturing and servicing plant in Dammam 2nd Industrial City. AMPO Arabia, an extension of the main valve manufacturing...

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Business & Money | Wednesday 14 July, 2021 2:02 am

SAUDIA Airlines Partners with GE Digital for Digital Transformation

 GE Digital today announced that SAUDIA Airlines company has contracted with the leading industrial software company to implement its Aviation Software Asset Records solution. The contract extends the partnership between SAUDIA and GE for creating further operational efficiencies and cost...

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Business & Money | Wednesday 14 July, 2021 1:43 am

Arabian Shield Insurance signs a merger agreement with Al-Ahly Takaful, increasing its capital to more than 638 million riyals

Arabian Shield Cooperative Insurance Company (“Arabian Shield”) announced that it has signed a binding merger agreement on the date 02/12/1442H corresponding to 12/07/2021م G with Al-Ahli Takaful Company, whereby Arabian Shield will purchase all shares of Al-Ahli Takaful shareholders through a ...

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Business & Money | Tuesday 13 July, 2021 3:34 am

Zain KSA wins Speedtest Award for Fastest Fixed Internet in Saudi Arabia for third time in a row

Ookla®, the global leader in internet testing and analysis, announced that Zain KSA won the Speedtest Award™ as Fastest Fixed Internet in Saudi Arabia for the first half of 2021, retaining the title for the third time in a row*. The achievement is added to several other accolades Zain KSA has...

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Business & Money | Tuesday 13 July, 2021 1:30 am

Bahri Ship Management Joins ISSA as Honorary Member

Bahri Ship Management, one of five business units within Bahri, a global leader in logistics and transportation, has become the latest high-profile ship owner and manager to join the International Shipsuppliers and Services Association (ISSA) after its President Abdulaziz Sabri accepted an...

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Business & Money | Tuesday 13 July, 2021 1:20 am

AHIC Hotel Investment Forecast reveals US $27bn worth of hotel investments in the GCC pipeline

The Arabian & African Hospitality Investment Conference (AHIC) has released the fourth annual AHIC Hotel Investment Forecast ahead of the 17th edition of the event, which returns to Madinat Jumeirah in Dubai live and in person from September 20-22, 2021. According to research into the GCC...

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Business & Money | Monday 12 July, 2021 1:53 am

Zain KSA achieves Retained Earnings after extinguishing all accumulated losses

Zain KSA revealed its financial results for the second quarter of 2021, where it maintained profitability, posting net profit of SAR 42 million with revenues totaling SAR 1,896 million over the same period. The company indicated that it has seen retained earnings for the first time in its...

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Business & Money | Monday 12 July, 2021 1:48 am

Mastercard Economics Institute: Rebound in Ground Travel for Some Markets in Middle East & Africa; International Travel Lags Behind

 After flights were largely grounded and travelers stayed home in 2020, the return to travel has become one of the most anticipated—and uncertain—activities of 2021. Mastercard released Recovery Insights: Ready for Takeoff?, a view into key travel trends in the air and on the ground,...

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