Business & Money | Tuesday 10 August, 2021 1:38 am

SADAFCO announces opening of new ice cream factory in Saudi Arabia

As part of its ambitious expansion plans in the Kingdom of Saudi Arabia, Saudia Dairy and Foodstuff Company (SADAFCO) announced the opening of a new ice cream factory in Modon Industrial City No.1, Jeddah.   The new ice cream factory, combined with the existing SADAFCO milk factory,...

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Business & Money | Tuesday 10 August, 2021 1:03 am

Saudi Payments: POS transactions hit 227 billion riyals during H1 2021

Saudi Payments operates under the supervision of the Central Bank of Saudi Arabia (SAMA), revealed achieving more than 2.2 billion Point of Sale (POS) transactions, valued at over 227 billion riyals during H1 of 2021. According to results from the national payment scheme “mada”, near-field ...

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Business & Money | Monday 9 August, 2021 9:21 am

Saudi Arabia’s booming startup ecosystem

 If you’re an ambitious entrepreneur with a breakthrough commercial proposition, this is a good time to be in Saudi Arabia. Within a relatively short space of time, the Kingdom’s startup ecosystem – particularly in the tech arena – has matured quickly and dramatically. Whereas the ...

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Business & Money | Monday 9 August, 2021 9:19 am

Saudi Pavilion at Expo 2020 Dubai gets its final touches

The finishing touches are being made to Saudi Arabia’s pavilion at Expo 2020 Dubai for a one-of-a-kind experience that will present the Kingdom to visitors in a new light.The global exhibition will open in October and run until March 2022. For the first time every participating country will have...

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Business & Money | Monday 9 August, 2021 3:50 am

JADWA ANNOUNCES MULTI-MANAGER FUNDS PLATFORM

Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the full activation of its multi-manager funds platform. The new Shariah-compliant offering comes as part of Jadwa’s ongoing commitment to expanding its clients’ access to new asset classes....

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Tourism & Hospitality | Sunday 8 August, 2021 10:18 am

Crown Prince Camel Festival off to racing start in Taif

Saudi Arabia’s Crown Prince Camel Festival began on Sunday at Taif Camel Square. This year’s event, the third festival to be held, will feature 532 races and a total prize pool of SR53 million ($14.1 million). The festival seeks to promote the heritage of camel racing in Saudi Arabia and...

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Technology & IT | Sunday 8 August, 2021 4:07 am

Zain KSA ranks first in Game Mode report for the second consecutive time

Once again, Zain KSA ranks first in the Game Mode report issued by the Communications and Information Technology Commission (CITC) for the second quarter of 2021, recording top connectivity performance in 4 of the most popular video games in Saudi Arabia, namely Fortnite, FIFA 21, APEX Legends, and ...

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Business & Money | Sunday 8 August, 2021 3:06 am

Fintech Saudi Announces the Results of National Fintech Adoption Survey

Setting a precedent in the Kingdom and the region in its new report, Fintech Saudi has announced the results of the National Fintech Adoption Survey which is aimed to measure the level of the people’s interest in adopting fintech solutions and to develop a clear understanding of how the fintech...

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Environment & Energy | Thursday 5 August, 2021 12:40 am

MoU to boost palm and dates market in AlUla

 The Royal Commission for AlUla (RCU) signed a memorandum of understanding (MoU) with the National Center for Palms and Dates (NCPD) to boost the palm and dates sector, achieve production efficiency from AlUla dates and market them locally and internationally.The MoU included working on...

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Government | Thursday 5 August, 2021 12:39 am

Saudi Arabia to take part in G20 digital economy event

Saudi Arabia is taking part in a G20 digital economy event on Aug. 5. The G20 Digital Economy Ministers Meeting will discuss key issues related to digital transformation ahead of a final communique that will be endorsed by heads of states and governments at the Rome Summit. It is an...

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