Business & Money | Tuesday 16 March, 2021 9:13 am

KPMG Report: Despite pandemic, Saudi banks have thrived rather than survived; a dynamic outlook for 2021

KPMG’s latest report on the financial sector, Banking Perspectives 2021, records the sector seen moving towards a better year. Backed by government reforms, halt in credit losses (ECL), stable liquidity, stronger CAR, and transformational changes, banks are heralding a stable year, as compared to ...

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Business & Money | Tuesday 16 March, 2021 6:56 am

Bahri Chemicals concludes long-term time charter agreement with UACC for 9 IMO2 MR chemical tankers

Bahri, a global leader in logistics and transportation, today announced that its business unit Bahri Chemicals has concluded a long-term time charter agreement with Dubai-headquartered international shipping company United Arab Chemical Carriers Limited (UACC). As part of the deal, nine UACC IMO2...

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Technology & IT | Tuesday 16 March, 2021 3:53 am

LG MZ Zones Offer Ultimate Gaming Experience in Safe Environment

Gaming enthusiasts in Saudi Arabia can now enjoy the ultimate gaming experience at LG’s MZ Zones, which combine Xbox’s superior multimedia capabilities with the award-winning features of LG OLED TVs. Designed as exclusive in-store areas for gaming fans, the zones conform to the highest hygiene...

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Business & Money | Tuesday 16 March, 2021 2:43 am

Lumi, Seera Group’s car rental business, expands retail presence in KSA with bid wins for 3 additional airport counters

 Lumi, the car rental business of Seera Group, is expanding its retail service network in Saudi Arabia, having won the bid to open counters at Jeddah King Abdulaziz International Airport, Ta'if Regional Airport and Al-Baha Domestic Airport in Saudi Arabia. These join the current network of 8...

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Business & Money | Tuesday 16 March, 2021 1:35 am

Schneider Electric partners with Origin Systems to deliver smart factory solutions for the Gulf’s manufacturers

Schneider Electric has signed an agreement with regional systems integrator Origin Systems. The partnership between the two will focus on providing consultancy and expertise to Gulf-based manufacturers who are looking to upgrade their factories through the latest technologies. The intent is to...

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Business & Money | Monday 15 March, 2021 10:44 am

Wa’ed, Royal Commission for Jubail & Yanbu, announce start-up alliance in Saudi Arabia’s two largest industrial zones

Wa’ed, the entrepreneurship arm of Aramco, signed a memorandum of understanding (MOU) with the Royal Commission for Jubail & Yanbu to support the creation of new start-ups and SMEs in Saudi Arabia’s two largest industrial cities.The agreement with the Royal Commission, which oversees the...

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Sports | Monday 15 March, 2021 9:23 am

Prince Abdulaziz congratulates Bach on being re-elected IOC president

On behalf of the Saudi Arabian Olympic family Prince Abdulaziz Bin Turki Al Faisal, president of the Saudi Arabian Olympic Committee (SAOC), offered his congratulations and best wishes to Dr. Thomas Bach on his re-election as president of the International Olympic Committee (IOC). In his...

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Government | Monday 15 March, 2021 8:58 am

Saudi Arabia’s Haramain High Speed Railway to resume operations after COVID-19 suspension

The Haramain High Speed Railway between Makkah and Madinah will reopen from the end of this month. The service was suspended in March 2020 due to the coronavirus pandemic. Passengers will be able to book tickets online from Monday and trains will stop at Makkah, King Abdulaziz...

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Business & Money | Monday 15 March, 2021 2:16 am

Saudi Arabia In the Top 30 Global Destinations Where Foreign Nationals Would Prefer To Pursue Career Options

The Kingdom of Saudi Arabia’s (KSA) international standing as a preferred location where foreign nationals would like to pursue professional opportunities has increased, with the country’s global attractiveness rising seven places from number 35 in 2018 to number 28 in 2020, according to a new...

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Technology & IT | Monday 15 March, 2021 2:13 am

Saudi Arabia crowns public cloud computing drive with around 5 cents kWh power

In line with Vision 2030’s ambition to drive growth across the digital economy, the Council of Ministers in Saudi Arabia approved a reduced electricity tariff bundle for public cloud computing operators based in Saudi Arabia.Based on the new tariff bundle, cloud computing operators licensed by...

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