Business & Money | Thursday 28 October, 2021 9:39 am

SABIC turns to net profit in first nine months of 2021

Saudi Basic Industries Corp. (SABIC) made SR18 billion in net profits in the first nine months of 2021, compared to a net loss of SR2.6 billion in the same period last year. The company attributed the rise to higher average selling prices, it said in a bourse filing.  ...

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Business & Money | Thursday 28 October, 2021 9:35 am

Riyadh region’s largest city economy: 44 multinational companies to open regional HQs

A total of 44 multinational companies (MNCs) received on Wednesday licenses to move their regional headquarters to Riyadh. The licenses were issued at the 5th edition of the Future Investment Initiative, attended by the world’s most influential leaders in business and government.Among the...

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Business & Money | Thursday 28 October, 2021 9:09 am

TAWAL contributes to the Saudi Arabia's afforestation campaign "Let's Make It Green" as part of its sustainability strategy

TAWAL, the leading Saudi ICT Infrastructure Company, announced its initiative to plant 3,000 trees in cooperation with the National Center for Vegetation Cover and Combating Desertification, Vegetation Development Corporation "Murouj", and through the national charity platform “Ehsan”. The...

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Business & Money | Thursday 28 October, 2021 12:07 am

Bahri Receives Prestigious Recognition for Excellence in Youth Empowerment at GCC GOV HR Awards 2021

In recognition of its pioneering initiatives to empower the youth, Bahri, a global leader in logistics and transportation, was named the ‘Organization of the Year for Youth Empowerment’ at the prestigious GCC GOV HR Awards 2021 held recently in Dubai in conjunction with the 9th Annual GOV HR...

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Business & Money | Wednesday 27 October, 2021 12:08 am

Fashion, money, power and sustainability: Welcome to the new FII

The Future Investment Initiative Forum returned to Riyadh on Tuesday, two years after the city last hosted the event, at which powerful and affluent people from around the world traditionally gather to look for big contract opportunities. But this year, the fifth staging of the forum, is...

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Business & Money | Tuesday 26 October, 2021 9:50 am

Saudi EXIM Bank, Japan’s SMBC, Sign MoU

The Saudi Export-Import Bank and the Sumitomo Mitsui Banking Corporation (‘SMBC’) have signed a Memorandum of Understanding (‘MoU’) that would see the Japanese banking giant cooperating with Saudi EXIM with a view to providing more financial solutions to Saudi and Japanese...

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Business & Money | Monday 25 October, 2021 11:01 am

Almarai by 2025: Reducing waste to 50%..100% of cold stores will be CFC-free

Almarai's 2020 Sustainability Report revealed that by 2025, Almarai will achieve its strategic goal of reducing waste dumped in landfills across all its sectors by 50%. In addition to that, 100% of the cold stores in Almarai warehouses will be free of Chlorofluorocarbons (CFCs) to reduce global...

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Business & Money | Monday 25 October, 2021 9:20 am

Suez Canal Economic Zone is a gateway for trade between East and West

CAIRO — In line with Egypt Vision 2030, The General Authority for the Suez Canal Economic Zone is sparing no effort to contribute to driving Egypt’s economic growth by making the Suez Canal Economic Zone (SCZONE) a global investment hub and a dynamic export platform — with access to Africa,...

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Business & Money | Sunday 24 October, 2021 12:01 pm

Digital Innovations shaping the future of Kingdom’s Banking Landscape

With the rise of automation and digitization, established and reputable organizations find themselves  under great pressure, and we can see how this impacts the banking industry globally, for there has been a  great deal of change that has given banks the opportunity to reevaluate their...

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Business & Money | Thursday 21 October, 2021 12:29 pm

PIF-owned ACWA Power to become a net zero energy producer, CEO says

The head of ACWA Power, Saudi Arabia’s only listed company with ambitious renewable projects, plans to end investment in non-renewable schemes as part of the business’s commitment to reaching net zero by 2050. Speaking ahead of the Saudi Green Initiative forum that will be held in Riyadh...

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