Business & Money | Sunday 16 August, 2020 12:15 pm

SADAFCO Announces Outstanding Quarterly Results

Saudia Dairy and Foodstuff Company (SADAFCO) has reported outstanding results for the first quarter (Q1) of 2020. Sales for the period, which ended on June 30, grew 16.5% year on year to reach SAR 566 million. Net profit increased 22% over Q1 2019 to reach SAR 70.5 million SADAFCO...

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Business & Money | Sunday 16 August, 2020 12:02 pm

SAVOLA Achieves strong net profit

Savola Group - a leading strategic investment holding group in the food and retail sectors across the MENA region (Middle East, North Africa) - announced its interim financial results for the 2nd Quarter and the period ended on 30-06-2020 (six months), which revealed that the net profit for the...

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Business & Money | Saturday 15 August, 2020 4:29 pm

Bahri inks agreement with Tabadul to implement Fasah Pay

In line with its efforts to accelerate digital transformation and facilitate electronic billing and payment processes, Bahri, a global leader in logistics and transportation, has signed an agreement with Tabadul for the implementation of Fasah Pay. One of a collection of electronic solutions...

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Business & Money | Friday 14 August, 2020 1:31 am

With 100 Days to the G20 Leaders’ Summit, Women 20 Group calls for Urgent Action on Women’s Economic Empowerment

As the 100-day countdown to the G20 Leaders’ Summit begins, the Women 20 (W20), an official Engagement Group of the G20, announced that it was intensifying its efforts calling on G20 leaders to put women’s economic empowerment at the center of the commitments they will make during the G20...

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Business & Money | Thursday 13 August, 2020 2:05 pm

State Street Expands Middle East Presence with New Office in Saudi Arabia

State Street Corporation (NYSE:STT) announced today the opening of its first Saudi Arabia office, State Street Saudi Arabia Financial Solutions Company (State Street Saudi Arabia), located in Riyadh. The firm’s new office in the Kingdom, providing both institutional services and asset management, ...

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Business & Money | Thursday 13 August, 2020 2:00 pm

“Turn Water Into Food” Program is Back to KSA

GROHE, the leading global brand for full bathroom solutions and kitchen fittings brought back its Turn Water Into Food program to the Kingdom of Saudi Arabia for the second time in partnership with the Food Bank. The award-winning program designed to guarantee the responsible use of water granting...

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Business & Money | Thursday 13 August, 2020 1:13 pm

Mastercard partners with AlRaedah Finance to offer unique payment solutions for SMEs in Saudi Arabia

Mastercard has signed a Memorandum of Understanding (MoU) with AlRaedah Finance, to launch a unique ‘SME in a Box’ payment solution for small and medium sized businesses (SMEs) in the Kingdom of Saudi Arabia.  A first-of-its-kind initiative, the partnership will offer SMEs direct...

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Business & Money | Thursday 13 August, 2020 12:47 pm

The Red Sea Development Company Launches Sustainability Stewards Initiative

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious sustainable tourism project, is hiring a team of local Sustainability Stewards. The initiative will support with the delivery of several ongoing and new programs at the project site. Earlier this year, a ...

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Business & Money | Thursday 13 August, 2020 4:04 am

Samba receives a license from Dubai Financial Services Authority to operate as an Authorised Firm in Dubai International Financial Centre

Samba Financial Group has received a license from the Dubai Financial Services Authority (DSFA) for Samba Financial Group to operate as a branch from the Dubai International Financial Centre (DIFC) to offer selected financial services to professional clients and market...

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Business & Money | Wednesday 12 August, 2020 4:24 pm

The Annual Investment Meeting is All Set to Launch the UAE Emirates Startup Roadshow on 17th and 20th September, 2020

The Annual Investment Meeting in partnership with their Sustainable Partner, Bedayat by Sustainable City presents the UAE Emirates Startup Roadshow to be held on 17th and 20th September, 2020. Aligning with precautionary measures, smart solutions and a resilient environment, the ...

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