Business & Money | Friday 10 August, 2018 5:04 am

Abdul Latif Jameel and Japan’s Kosei Aluminum Sign MOU with the National Industrial Clusters Development Program

Abdul Latif Jameel (ALJ) and Japanese company Kosei Aluminium (Kosei) have signed a Memorandum of Understanding (MOU) with the National Industrial Clusters Development Program (NICDP), driving foreign investment into Saudi Arabia’s auto manufacturing sector.    The MOU seeks...

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Business & Money | Friday 10 August, 2018 1:14 am

Mastercard continues to support KSA’s cashless drive with new multi-layered security payment solution for mobile: mada Pay

Continuing its efforts to advance Saudi Arabia’s payments ecosystem, Mastercard, a leading technology company in the global payments industry, has partnered with mada, the domestic payment network, to launch the mada Pay mobile payment wallet.    The wallet solution is the...

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Business & Money | Thursday 9 August, 2018 7:33 am

NAMA Women’s First Networking Forum in Brazil Draws over 100 Business Women and Leaders

More than 100 Brazilian and Arab figures in business, diplomacy, and women’s development came together at a first-of-its-kind networking event in São Paulo, Brazil, hosted yesterday (Tuesday) by a leading UAE-based women’s organisation, the NAMA Women Advancement Establishment...

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Business & Money | Thursday 9 August, 2018 7:03 am

Saudi total revenues soar by 67%% in Q2

The Saudi Ministry of Finance published Wednesday the second quarter (Q2) budget performance report which showed, among others, that total revenues reached SR273.588 billion in Q2, an increase of 67% year-on-year. Q2 non-oil revenues reached SR89.423 billion, an increase of 42%...

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Business & Money | Thursday 9 August, 2018 5:07 am

IDC's CIO Summit Returns to the Kingdom Next Month

International Data Corporation (IDC) is delighted to announce that its annual Saudi Arabia CIO Summit will this year take place at Jeddah’s InterContinental Hotel on September 26-27. More than 100 of the Kingdom's most influential information and communication technology leaders will be...

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Business & Money | Thursday 9 August, 2018 4:12 am

The Deloitte “VAT in the GCC guide” mobile app in Arabic

Deloitte has released its latest version of the "VAT in the GCC guide" mobile app in Arabic for the first time, making it available in both English and Arabic. The app is accessible to the public to download, and is designed to help businesses to better understand VAT and its impact,...

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Business & Money | Thursday 9 August, 2018 2:00 am

New mortgages to boost home ownership in Saudi Arabia

Saudi citizens will be able to access cheaper and more accessible mortgages at fixed rates under an initiative launched Wednesday by the Saudi Real Estate Refinance Company (SRC), the body set up and backed by the Kingdom’s Public Investment Fund. The SRC initiative will allow new or...

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Business & Money | Wednesday 8 August, 2018 11:30 am

Airbus upgrades communication network at Fort Irwin in the USA

Airbus is upgrading and expanding the US Army’s secure mobile communication system at the Fort Irwin National Training Center in the USA, California. As a result of this migration, the US Army will be able to communicate more efficiently and flexibly on one of the most important training site ...

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Business & Money | Wednesday 8 August, 2018 1:42 am

Prince Alwaleed acquires 2.3 percent stake in Snapchat

Prince Alwaleed bin Talal has acquired a 2.3 percent stake in Snapchat in a deal worth $250 million (SR950 million). The investment was made in May at a cost of $11 a share, making Prince Alwaleed a significant individual shareholder in this social media company, a statement from the...

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Business & Money | Tuesday 7 August, 2018 5:56 pm

Corporate Travel Goes on The Fast Track with New Amadeus Solution

As corporate travel behavior continues to evolve in the Middle East, Amadeus has announced the launch of a new corporate self-booking tool to support business travellers in the Middle East and North Africa in managing busy schedules while reducing travel costs. The engine was designed taking...

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