Business & Money | Wednesday 14 July, 2021 2:02 am

SAUDIA Airlines Partners with GE Digital for Digital Transformation

 GE Digital today announced that SAUDIA Airlines company has contracted with the leading industrial software company to implement its Aviation Software Asset Records solution. The contract extends the partnership between SAUDIA and GE for creating further operational efficiencies and cost...

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Business & Money | Wednesday 14 July, 2021 1:43 am

Arabian Shield Insurance signs a merger agreement with Al-Ahly Takaful, increasing its capital to more than 638 million riyals

Arabian Shield Cooperative Insurance Company (“Arabian Shield”) announced that it has signed a binding merger agreement on the date 02/12/1442H corresponding to 12/07/2021م G with Al-Ahli Takaful Company, whereby Arabian Shield will purchase all shares of Al-Ahli Takaful shareholders through a ...

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Business & Money | Tuesday 13 July, 2021 3:34 am

Zain KSA wins Speedtest Award for Fastest Fixed Internet in Saudi Arabia for third time in a row

Ookla®, the global leader in internet testing and analysis, announced that Zain KSA won the Speedtest Award™ as Fastest Fixed Internet in Saudi Arabia for the first half of 2021, retaining the title for the third time in a row*. The achievement is added to several other accolades Zain KSA has...

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Business & Money | Tuesday 13 July, 2021 1:30 am

Bahri Ship Management Joins ISSA as Honorary Member

Bahri Ship Management, one of five business units within Bahri, a global leader in logistics and transportation, has become the latest high-profile ship owner and manager to join the International Shipsuppliers and Services Association (ISSA) after its President Abdulaziz Sabri accepted an...

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Business & Money | Tuesday 13 July, 2021 1:20 am

AHIC Hotel Investment Forecast reveals US $27bn worth of hotel investments in the GCC pipeline

The Arabian & African Hospitality Investment Conference (AHIC) has released the fourth annual AHIC Hotel Investment Forecast ahead of the 17th edition of the event, which returns to Madinat Jumeirah in Dubai live and in person from September 20-22, 2021. According to research into the GCC...

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Business & Money | Monday 12 July, 2021 1:53 am

Zain KSA achieves Retained Earnings after extinguishing all accumulated losses

Zain KSA revealed its financial results for the second quarter of 2021, where it maintained profitability, posting net profit of SAR 42 million with revenues totaling SAR 1,896 million over the same period. The company indicated that it has seen retained earnings for the first time in its...

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Business & Money | Monday 12 July, 2021 1:48 am

Mastercard Economics Institute: Rebound in Ground Travel for Some Markets in Middle East & Africa; International Travel Lags Behind

 After flights were largely grounded and travelers stayed home in 2020, the return to travel has become one of the most anticipated—and uncertain—activities of 2021. Mastercard released Recovery Insights: Ready for Takeoff?, a view into key travel trends in the air and on the ground,...

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Business & Money | Monday 12 July, 2021 1:44 am

“Nadec” Products Reached 90% Consumers’ Trust in KSA

The National Agricultural Development Company (NADEC) has won as one of the most popular brands in the dairy sector in the Kingdom, and one of the strongest brands in the Fast-Moving Consumer Goods (FMCG) sector within the “Kantar World Panel” list, a company specialized in understanding...

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Business & Money | Sunday 11 July, 2021 9:31 am

Coming Soon: Union Coop’s Al Barsha South Center!

The work for the 22nd branch is said to be 100% complete and ready for opening this month    Union Coop – the largest Consumer Cooperative in the UAE recently revealed that it will soon be opening its ‘Commercial Center’ in Al Barsha South – 1, as a part of its grand...

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Business & Money | Sunday 11 July, 2021 3:29 am

RED SEA FUND RECEIVES ADDITIONAL $4M TO SUPPORT ARABIC FILMMAKERS

 The Red Sea International Film Festival has announced today that it will receive an additional $4 million to its Red Sea Fund from the Saudi Film Commission. The figure will support the development of 40 new compelling films from Saudi and Arab filmmakers. The Red Sea Film Festival...

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