Business & Money | Friday 7 February, 2020 11:21 am

KSA commissions pre-feasibility study from Virgin Hyperloop One

The Ministry of Transport (MoT) in the Kingdom of Saudi Arabia has announced a contract agreement with Virgin Hyperloop One (VHO). Under the partnership, VHO will conduct a pre-feasibility study on the use of hyperloop technology for the transport of passengers and cargo, laying the groundwork...

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Business & Money | Friday 7 February, 2020 4:46 am

Saudi Vision 2030 Sustainability Goals Take Centre Stage At HVAC R Expo Saudi

Saudi Arabia’s largest event dedicated to the HVAC R industry is set to open its doors for a 5th edition from 11–13 February at the Riyadh International Convention & Exhibition Center. In the run up, organisers dmg events have guaranteed that HVAC R Expo Saudi will showcase...

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Business & Money | Friday 7 February, 2020 3:40 am

Emirates Islamic giving away AED 6 million and 3 Tesla cars to Kunooz Savings Account holders

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched a savings promotion to offer Kunooz Savings Account holders an opportunity to win additional grand prizes. During the promotion period, which will run until 30 April 2020, Emirates Islamic will give away...

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Business & Money | Friday 7 February, 2020 12:14 am

Cisco Appoints Reem Asaad to Lead its Middle East & Africa Region

Cisco has today announced the appointment of Reem Asaad as its new Vice President for its Middle East and Africa region. As digital transformation continues to change and evolve the business landscape at a rapid pace, Asaad, will be responsible for our Middle East and Africa business, growing its...

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Business & Money | Thursday 6 February, 2020 3:57 pm

MASHROAT signs MoU with Al-Jouf Governorate

The National Project Management, Operation, and Maintenance Organization in Public Entities (Mashroat) signed a memorandum of understanding (MoU) with Al-Jouf Governorate to apply global standards to its infrastructure projects.  The MoU was signed by Al-Jouf Governorate’s...

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Business & Money | Thursday 6 February, 2020 2:00 pm

Saudi Customs: TIR Convention System now operational in the Kingdom of Saudi Arabia

Saudi Customs announced the start of TIR operations in the Kingdom of Saudi Arabia at several Customs outlets including Al-Batha, Al-Khafji, Al-Raqi, Al-Haditha and Halat Ammar Customs. “The start of TIR operations in the Kingdom represents an important step for Saudi Customs towards the...

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Business & Money | Thursday 6 February, 2020 12:04 pm

Zain KSA achieves its highest profit mark ever

Zain KSA has announced record-high financial results for the year ending on 31st December 2019, making it a full year of net profits amounting to SAR 485 million compared to SAR 332 million for 2018, with an increase of 46%. Similarly, Zain KSA’s total revenues...

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Business & Money | Thursday 6 February, 2020 11:09 am

NEOM to be first totally digitized city in world — CEO

Nadhmi Al-Nasr, CEO of NEOM Company, said that NEOM will be the first place in the world to rely entirely on digitization, and it has developed an advanced medical system under the name “Doctor NEOM.” “NEOM is the land of the future, which is to connect different destinations,...

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Business & Money | Thursday 6 February, 2020 5:00 am

Emirates Islamic continues to foster nationalisation at Sharjah National Career Exhibition 2020

As part of the bank's continuing commitment to increase the participation of local talent in the banking sector, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and the preferred bank for UAE nationals has announced its participation at the Sharjah National...

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Business & Money | Thursday 6 February, 2020 4:28 am

Abdul Latif Jameel invests in Joby Aviation

Jameel Investment Management Company (JIMCO), the investment arm of Abdul Latif Jameel, has announced its participation in a Series C round of funding for California-based start-up Joby Aviation, which raised an additional $590 million in capital.    JIMCO joined the round ...

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