NEWS DESK GCC Saudi Arabia

The Public Investment Fund is Set to Place Saudi Arabia on a Path to Increased Growth

News Editor 16/02/2023

Saudi Arabia is to attract local and international opportunities with the inception of the Public Investment Fund. The fund is to promote economic diversification in the country through strategic international and domestic investment. Undoubtedly, the fund will set Saudi Arabia on an increased

Business GCC Saudi Arabia

Biban 2023: Saudi Arabia’s flagship SME forum returns to unite the world’s most innovative start-ups, entrepreneurs, and investors

Middle East News 247 16/02/2023

Riyadh, Saudi Arabia — Biban, Saudi Arabia’s largest start-up, SME, and entrepreneurship conference, is returning to the Riyadh Front Exhibition & Conference Center between March 9 and March 13, 2023. Organized by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, this year’s event welcomes its largest audience ever, with […]

Business GCC Saudi Arabia

Atkins secures Delivery Partner role for THE LINE, NEOM’s flagship urban development in Saudi Arabia

Middle East News 247 16/02/2023

Riyadh, Saudi Arabia — Atkins, a member of the SNC-Lavalin Group, has been appointed as a Delivery Partner organization for THE LINE at NEOM in the Kingdom of Saudi Arabia. A civilizational revolution that will have no roads, cars or carbon emissions, THE LINE is set to provide an unprecedented urban living experience. A linear […]

Business GCC Saudi Arabia

SAUDIA CARGO AWARDS MULTI-STATION CONTRACT TO WORLDWIDE FLIGHT SERVICES

News Desk 15/02/2023

Jeddah, Saudi Arabia: Saudia Cargo has officially awarded a landmark multi-station contract to Worldwide Flight Service (WFS), which significantly extends cargo handling services across major key airport gateways in Europe and the United States of America. The contract was formally signed by Teddy Zebitz, CEO of Saudi Cargo, and John Batten Executive Vice President of […]

NEWS DESK GCC Saudi Arabia

Saudi Arabias Mega Project, Neom, has Begun Effecting positive Changes in Human Resources within The Country

News Editor 15/02/2023

In 2017, the kingdom of Saudi Arabia made a bold decision in line with its vision 2030. It unveiled its plan to build a smart city – Neom across the desert North-West of the country. The proposed city was to be a spotless one without carbon emissions and cars. Almost six years later, it is […]

NEWS DESK GCC Saudi Arabia

Saudia Cargo Receives Top Honor at Logistics and Transport KSA Awards

News Desk 15/02/2023

Jeddah, Saudi Arabia, 15 February 2023: Saudia Cargo’s leading position in the industry was recognized by the Logistics and Transport KSA Awards who named the company as the winner of ‘Airline of the Year’ for 2023 in its Cargo category. The distinguished ceremony took place at the Fairmont Hotel in Riyadh, where Saudia Cargo received […]

NEWS DESK GCC Saudi Arabia

Unifonic selected for Saudi Unicorns Program

News Desk 15/02/2023

February 15, 2023: Unifonic, the leading communications platform and Communications Platform as a Service (CPaaS) provider in the Middle East, has been selected to be a part of the Saudi Unicorns Program that aims to support regional start-ups to achieve billion-dollar market value in the Kingdom of Saudi Arabia. Unifonic’s selection was announced during LEAP […]

NEWS DESK GCC Saudi Arabia

Saudi Re wins ‘Reinsurance Company of the Year’

News Desk 15/02/2023

(Riyadh): The Saudi Reinsurance Company (Saudi Re) won the “Reinsurance Company of the Year” award at the prestigious 10th Middle East Insurance Industry Awards. The award ceremony was hosted by MENA IR in Dubai and highlighted this new regional success for the company. The MENA IR awards are regarded as one of the most prestigious awards in the […]

Business GCC Saudi Arabia

Jadwa Investment Awarded Best Asset Manager at Saudi Capital Market Forum

Middle East News 247 14/02/2023

Riyadh, Saudi Arabia — Jadwa Investment, a leading investment management and advisory firm in the Middle East, was awarded Best Asset Manager for 2022 as part of the Saudi Capital Market Awards announced at the Saudi Capital Market Forum yesterday. The award was presented by Eng. Khalid Abdullah Al-Hussan, CEO of Saudi Tadawul Group, and […]

Business GCC Saudi Arabia

Atkins expands business presence in Saudi Arabia with new office in AlUla

Middle East News 247 14/02/2023

AlUla, Saudi Arabia — Atkins, the leading global design, engineering and project management consultancy, has expanded its business presence in the Kingdom of Saudi Arabia with the opening of a new office in AlUla as part of its regional growth strategy. Atkins’ AlUla office will play a key role in supporting existing and new projects […]

Business GCC Saudi Arabia

Clarity AI signs MoU with the Saudi Tadawul Group to Increase Access to Sustainability Assessment, Analysis and Reporting Capabilities for Companies in MENA

Middle East News 247 14/02/2023

RIYADH, Saudi Arabia — Clarity AI, the leading global sustainability tech platform, has signed a Memorandum of Understanding (MoU) with the Saudi Tadawul Group, the largest stock exchange in the Middle East and North Africa (MENA) region with a market capitalization nearing $3 trillion, to facilitate the education of companies in the Kingdom of Saudi […]

Food & Beverage GCC Saudi Arabia

STAR Reinforces Presence In KSA

Justin Froes 14/02/2023

For his part, Mohy Eldin Eladawy, General Manager at IBFI, said: "These are indeed exciting times in KSA with the rapid transformation happening in almost all sectors of its economy. And, to have Binzagr as our partner in this market speaks volumes about the importance of the KSA market for Star Soda, IBFI and the Albatha Group. We are therefore confident that through

NEWS DESK GCC Saudi Arabia

Saudi Arabia Signs MoU with Italy to Increase Trade Exchange

News Editor 12/02/2023

Saudi Arabia has officially signed a Memorandum of Understanding (MoU) with Italy to enhanceSaudi-Itali bilateral trade relations. The agreement was made between the Saudi Export-ImportBank and the Italian Export Credit Agency (SACE). The deal aims to empower Saudi Arabianexporters and international investors.  Key parties officially signed the agreement at

NEWS DESK GCC Saudi Arabia

Saudi Arabia Records 18 Million Tourist Visits in 2022, Targets 100 Million by 2030

News Editor 10/02/2023

Saudi Arabia has broken yet another record. This time, with its tourism sector. The Kingdom recorded 18 million visits in the first nine months of 2022, making it the Arab country with the highest number of tourist visits during that period. The United Arab Emirates (UAE) came in second place with almost 15 million visits, […]

NEWS DESK GCC Saudi Arabia

Saudi Arabia Signs MoU to Promote Peace and Stability

News Editor 09/02/2023

Saudi Arabia has always been at the forefront of promoting peace and stability in the Middle East and the world. The Kingdom has taken this commitment to peace a step further by signing a Memorandum of Understanding (MoU) with Chad. The MoU is expected to symbolize a defence cooperation between both countries. It is also […]

Tech GCC Saudi Arabia

Zoho to boost investment in Saudi Arabia

News Desk 09/02/2023

Today, Zoho Corp., a leading global technology company, has announced plans to boost investment in Saudi Arabia in 2023 to drive forward businesses’ digital transformation and contribute to the Kingdom’s rapid technological development. The announcement was made on the sidelines of Zoho’s participation at LEAP, one of the biggest technology events taking place

NEWS DESK GCC Saudi Arabia

Saudi German Health earns ACHSI accreditation across its medical facilities in KSA

News Desk 08/02/2023

08 February 2023- Saudi German Health (SGH), a leading healthcare group in the MENA region, has received accreditation for its facilities by the Australian Council on Healthcare Standards International (ACHSI), a globally-recognized organization that aims to ensure quality and safety standards in patient care. The accreditation reinforces SGH’s commitment to uplift

Business GCC Saudi Arabia

Mindware Aligns with Saudi Vision 2030 by Showcasing Multi-digital Technologies at LEAP’ 23

Middle East News 247 07/02/2023

Riyadh, Saudi Arabia: Mindware, a leading Value-Added Distributor in the Saudi market, announced its participation for the second year at LEAP, the global platform for the most disruptive technology professionals, taking place in Riyadh between 6th  – 9th  February. With digital transformation, cybersecurity, connectivity, data management and AI adoption being a

Tech GCC Saudi Arabia

KPMG: Saudi firms faster than global peers

News Desk 07/02/2023

(RIYADH): KPMG, a leading provider of audit, tax and advisory services in Saudi Arabia, has published “Tech Survey Saudi Arabia 2022”, which uncovers the technology strategies businesses are using to help outsmart their competitors in a time of unprecedented global change.  The report surveyed more than 2,200 executives around the world – including 51 in […]

NEWS DESK GCC Saudi Arabia

“Saudi Is A ‘bright Spot’ For Global Economy,” Says Panel Of Financial Experts And Saudi Ministers

News Editor 04/02/2023

Saudi ministers and a panel of finance experts said at the World Economic Forum in Davos that their country is a “bright spot” for a global economy facing a slowdown this year. Finance Minister Mohammed Al-Jadaan claimed that the Kingdom had anticipated the trend of global inflation earlier than other countries. He mentioned that the Saudi government