07 Shawwal 1442 - 19 May 2021
    
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Eye of Dubai

HSBC sharpens focus of Saudi Arabia investment banking unit
Business & Money | Wednesday 19 May, 2021 3:29 am
HSBC Saudi Arabia is sharpening its focus on the investment banking, institutional brokerage and custody needs of its clients with an agreement to transfer its asset management, retail brokerage and retail margin lending businesses to Alawwal Invest, a wholly owned subsidiary of the Saudi British...
Kingdom to launch ‘Made in Saudi’ international marketing campaign
Business & Money | Tuesday 18 May, 2021 7:53 am
Saudi Arabia plans to launch an international marketing campaign for the “Made in Saudi” program targeting global markets, Asharq Business reported. The ambitious program reflects the efforts of both public and private sector agencies to transform the Kingdom into a pioneering industrial...
Over 26k Saudis get jobs through Hadaf in April
Business & Money | Tuesday 18 May, 2021 7:41 am
A total of 26,311 young Saudi men and women got jobs in 8,682 companies in the private sector during April through the placement services offered by the Human Resources Development Fund (Hadaf). The number of male beneficiaries of the program was 12,141 while 14,170 women found jobs in the...
EY: 70% of MENA consumers believe brands have a responsibility to positively impact the world
Business & Money | Tuesday 18 May, 2021 6:54 am
A total of 70% of consumers in the MENA region believe brands have a responsibility to positively impact the world, with purpose mattering more than ever according to the EY Future Consumer Index.As MENA consumers look to the future beyond the COVID-19 pandemic, data from the index suggests that a...
VOX Cinemas signs exclusive deal with ODEX to distribute Japanese anime titles across MENA region
Business & Money | Tuesday 11 May, 2021 5:24 am
VOX Cinemas, the dedicated cinema arm of Majid Al Futtaim, has signed an exclusive deal with ODEX, the leading Japanese animation film distributor in South East Asia, to distribute anime movies across the MENA region. Under the new agreement, six titles will be released theatrically across eight...
SRSC becomes an authorized rotorcraft repair station facility in Saudi Arabia
Business & Money | Tuesday 11 May, 2021 5:15 am
Saudi Rotorcraft Support Company (SRSC), a subsidiary joint venture of Boeing, has been issued a certificate from the Saudi General Authority of Civil Aviation (GACA) authorizing SRSC to perform maintenance on rotorcraft platforms and their accessories.“The authorization of this new capability in ...
Advanced Electronics Company's CEO Extends Eid Al Fitr Greetings to Kingdom's Leaders
Business & Money | Monday 10 May, 2021 5:33 am
Eng. Ziad Al-Musallam, CEO of the Advanced Electronics Company, a Saudi Arabian Military Industries (SAMI) company, extended his sincere wishes in his name and on behalf of the company's employees, to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, His Royal Highness...
Uber supports drivers in Saudi Arabia with special Ramadan initiative
Business & Money | Monday 10 May, 2021 5:31 am
 Celebrating the spirit of Ramadan, Uber today announced that it will be rewarding top rated drivers in Saudi Arabia with special incentives* worth 50,000 SAR. Up to 10 drivers a day will be able to unlock 500 SAR each, helping them make the most of their time on the app during the Holy...
Saudi Arabia approves international central securities depositories instructions
Business & Money | Sunday 9 May, 2021 5:28 am
Saudi Capital Market Authority announced on Thursday the approval of International Central Securities Depositories Instructions by the Securities Depository Center Company (Edaa), effective May 6, 2021. The instructions regulate the linkage application process and its conditions, related...
Sadara announces more than SR1.6 billion net profit; super Q1 results
Business & Money | Sunday 9 May, 2021 5:25 am
Sadara Chemical Company (Sadara) announced its first quarter financial performance for 2021, stating that the company’s revenues reached more than SR4.4 billion — 30.5% higher compared to the previous quarter in 2020 and an increase of more than 80% compared to the same quarter last...
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