Business & Money | Sunday 22 November, 2020 1:35 pm

Tamimi Markets Appoints Cisco to Accelerate Digitization Agenda and Aid Ambitious Growth Strategy

Tamimi Markets, Saudi Arabia’s fast-growing supermarket chain has selected Cisco to transform its IT infrastructure, in order to meet changing business needs in the age of digitization and satisfy new customer requirements. The project involves a full technology refresh and a move to a new level...

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Business & Money | Sunday 22 November, 2020 1:11 pm

Alkhabeer Capital named “Best Private Equity Firm” in the region and “Best Investment Management Firm” in Saudi Arabia

Alkhabeer Capital, the asset manager specializing in alternative investments, today announced that it has been named “Best Private Equity Firm” in the region and “Best Investment Management Firm” in Saudi Arabia as part of the prestigious MEA Finance Awards 2020 programme.  The...

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Business & Money | Sunday 22 November, 2020 4:37 am

British PM touts NEOM city as model for ‘greener future’

British Prime Minister Boris Johnson has touted Saudi Arabia’s NEOM city as a model for a “greener future,” warning G20 leaders that the world risks failing future generations if states do not take bold steps to reduce carbon emissions.“And if we were in Saudi Arabia today ... what I would...

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Business & Money | Sunday 22 November, 2020 3:29 am

G20 summit sets out to build a future for all

This is a G20 summit like no other. It is taking place virtually because of a pandemic that endangers lives and livelihoods, and has plunged the world into the deepest recession since the Second World War.It is also the first time that Saudi Arabia is hosting the summit. The Kingdom is the only...

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Business & Money | Sunday 22 November, 2020 1:06 am

Several G20 Leaders Participate in Event of Pandemic Preparedness and Response on Sidelines of G20 Summit

Prime Minister of Italy, Giuseppe Conte, said: “The G20 itself has taken unprecedented measures…which allowed to reach important milestones – the access to the COVID tools Accelerator is one of those milestones.” In his speech during the side event of the G20 Leaders' Summit on Pandemic...

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Business & Money | Sunday 22 November, 2020 12:11 am

Eng. Al-Falih: G20 Summit Discusses Mechanisms for Promoting Global Economy

Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih affirmed during his participation in the G20 leaders' summit program that the G20 exerted efforts to promote the world's economies.Eng. Al-Falih pointed out that the G20 is looking into appropriate and effective mechanisms to save the world...

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Business & Money | Saturday 21 November, 2020 4:23 am

GE Aviation’s ground-breaking GE90 engine celebrates 25 years of service

GE’s ground-breaking GE90 aircraft engine is celebrating two and a half decades of service in the global aviation industry. In this time, under the wings of the Boeing 777 family, the worldwide fleet of GE90 engines has surpassed 100 million flight hours, averaging more than 4 million hours a...

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Business & Money | Friday 20 November, 2020 1:47 am

G20 Sherpas and Finance Deputies Hold Virtual Meeting

The G20 Sherpas and finance deputies met virtually chaired by Fahad Al-Mubarak, the G20 Saudi Sherpa and Abdulaziz Alrasheed, the Assistant Minister of Finance. In addition, G20 Finance Ministers will meet on Friday November 20, 2020 to prepare for the upcoming Riyadh G20 Leaders’ Summit on...

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Business & Money | Friday 20 November, 2020 12:51 am

PIF Announces Increase in Stake in ACWA Power

The Public Investment Fund (PIF) announced that it has increased its ownership stake in ACWA Power from 33.36% to 50%.The investment comes as part of PIF’s strategy to support the development of the renewable energy sector within Saudi Arabia and enable the growth of national champions to become...

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Business & Money | Thursday 19 November, 2020 2:05 pm

AMAZON’S FIRST WHITE FRIDAY SALE ON AMAZON SA BRINGS SAVINGS OF UP TO 70% FOR CUSTOMERS ACROSS SAUDI ARABIA

  Amazon sa’s biggest sale of the year is here November 24th to 30th on over 30 categories from electronics, fashion, sports, beauty, kitchen, home and more, across top brands including adidas, Hugo Boss, Black+Decker, Bosch, Samsung, Huawei, Dettol, Braun and many more Customers...

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