Business & Money | Wednesday 8 July, 2020 10:52 am

Aircraft Accessories and Components Company appoints Eng. Mazen Johar as CEO

The Board of Directors of Aircraft Accessories and Components Company (AACC), a subsidiary of Saudi Arabian Military Industries (SAMI), announced the appointment of Eng. Mazen Johar as CEO to oversee the company’s operations starting from July 6, 2020. Eng. Johar will take over from Dr. ...

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Business & Money | Wednesday 8 July, 2020 10:49 am

Abu Dhabi Housing Authority makes a quantum leap in adopting AI technologies by launching Robotic Process Automation (RPA) system

The Abu Dhabi Housing Authority (ADHA) has reported that it has achieved a quantum leap in the application of Artificial Intelligence (AI) technologies by launching its Robotic Process Automation (RPA) system, a form of AI technology and one of the most important technical systems adopted by the...

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Business & Money | Wednesday 8 July, 2020 4:00 am

Air Products, ACWA Power and NEOM Sign Agreement for $5 Billion 
Production Facility in NEOM Powered by Renewable Energy for Production and Export of Green Hydrogen to Global Markets

Air Products, in conjunction with ACWA Power and NEOM, announced the signing of an agreement for a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, which will be equally owned by the three partners, will be sited in NEOM, a new...

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Business & Money | Wednesday 8 July, 2020 3:29 am

10 million plastic packaging saved: GROHE launches initiative to reduce plastic

In 2018, GROHE, a leading global brand for complete bathroom solutions and kitchen fittings, launched its initiative to replace plastic in product packaging with more sustainable alternatives. Until today, approximately 10 million items of product packaging made from plastic could be eliminated; by ...

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Business & Money | Wednesday 8 July, 2020 2:56 am

Saudi G20 Presidency and Paris Forum Convene Ministerial Conference on Restoring Sustainable Flows of Capital and Robust Financing for Development

The Saudi G20 Presidency and the Paris Forum will hold a high-level virtual Ministerial conference on July 8, 2020. The conference will discuss challenges around international capital flows volatility - as exacerbated in emerging market economies by the unprecedented COVID-19 crisis - and possible...

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Business & Money | Tuesday 7 July, 2020 5:21 pm

Dubai Land Department Launches Real Estate Promotion initiative" Invest in Dubai"

Bin Mejren: Successes that reflect the flexibility of the government’s directives and the strength of its real estate sector during all circumstances  Our new initiative invites unique real estate minds experts to build together a phenomenal global cityThe Dubai Land...

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Business & Money | Tuesday 7 July, 2020 1:34 pm

mada Pay App makes debut on HUAWEI AppGallery to bring flexibility of contactless payments

Today, Huawei Tech Investment Saudi Arabia Company, and in cooperation with Saudi Payments, launched the "mada Pay" application for the first time through the HUAWEI AppGallery application platform. This step will give the HUAWEI AppGallery users in the Kingdom the flexibility in using mada Pay,...

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Business & Money | Tuesday 7 July, 2020 10:39 am

Amlak International Completes IPO Retail Coverage at 2,690%

NCB Capital, Financial Advisor, Lead Manager, Bookrunner, and Underwriter for the IPO of Amlak International has announced that the offering of the Company’s shares was completed on Sunday 14/11/1441H (5 July 2020G), after finalising the retail subscription tranche, with coverage by individuals...

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Business & Money | Tuesday 7 July, 2020 4:22 am

UAQ Reveals Latest Progress Of Infrastructure Works At Masar

Umm Alqura for Development and Construction (UAQ), the owner and developer of the “Masar” destination in Makkah, has revealed the latest progress on the development. UAQ confirmed that work is currently underway to complete the remainder of the infrastructure phase for the project, which...

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Business & Money | Tuesday 7 July, 2020 3:29 am

B20 Announces Six Policies World Leaders Must Adopt to Accelerate Economic and Health Recovery from COVID-19

B20 Saudi Arabia, the official voice of business to the G20, today announced a six-point plan designed to combat the current global pandemic and lay a foundation to address future resurgences of the disease, including a potential “second wave” of the virus in the coming months. The warning...

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