Business & Money | Wednesday 3 March, 2021 1:09 am

IMA® Collaborates with The Financial Academy to Bridge the Skills Gap in the Profession

 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...

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Business & Money | Tuesday 2 March, 2021 1:29 pm

Cisco Small Business Partner Summit to Explore Growth Opportunities Across MEA

 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...

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Business & Money | Tuesday 2 March, 2021 6:37 am

Saudi Arabia leads IPO market in MENA region during 2020, with four listings totaling US$1.45 billion

 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...

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Business & Money | Tuesday 2 March, 2021 5:22 am

Jadwa Investment Launches Mezzanine Financing Fund

 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...

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Business & Money | Monday 1 March, 2021 11:37 am

Azizi Developments’ Berton in Al Furjan reaches 52% construction completion

 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...

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Business & Money | Monday 1 March, 2021 11:05 am

AMAALA SIGNS MOU WITH THE SAUDI FEDERATION FOR CYBER SECURITY, PROGRAMMING AND DRONES

 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...

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Business & Money | Monday 1 March, 2021 9:00 am

Saudia Cargo & Cainiao Network Agreement Connecting China with Europe Through Cargo Operation from Hong Kong

Saudia Cargo has announced the signing of cargo agreement with one of the leading IT and logistics operator, Cainiao Network– the logistic arm of Alibaba Group – to support e-commerce operations between China and Europe by operating five weekly flights from Hong Kong to Liege in Belgium with...

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Business & Money | Friday 26 February, 2021 3:04 pm

Zain KSA reduces 96.6% of its accumulated losses

Zain KSA has revealed its quarterly fiscal results which showcase a steady growth in its operating revenues of about 7% in Q4 2020 compared to the previous quarter, where, revenues achieved are SAR 2,061 million compared to SAR 1,928 million for Q3 of 2020. The company announced in a statement ...

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Business & Money | Friday 26 February, 2021 2:59 pm

SAMI concludes IDEX 2021 participation with key strategic partnerships

Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), today announced that it concluded its successful participation in the International Defense Exhibition and Conference (IDEX) 2021 in Abu Dhabi, UAE, as part of the Saudi Pavilion. SAMI’s...

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Business & Money | Wednesday 24 February, 2021 9:25 pm

HRH Crown Prince Announces Soudah Development Company (SDC)

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), has announced the launch of Soudah Development Company (SDC) in the Asir region. The new entity, fully owned by the Public Investment Fund...

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