22 Dhu al-Hijjah 1442 - 1 August 2021
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Eye of Dubai

Coming Soon: Union Coop’s Al Barsha South Center!
Business & Money | Sunday 11 July, 2021 9:31 am
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...
Business & Money | Sunday 11 July, 2021 3:29 am
 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...
$133 million deal signed to support Saudi entertainment sector
Business & Money | Thursday 8 July, 2021 9:10 am
The General Entertainment Authority (GEA) signed a memorandum of understanding with the Social Development Bank (SDB), to provide soft financing amounting to a total of SR500 million ($133 million). The fund will provide quality investment opportunities to contribute to the growth and...
Fashion Commission names finalists for the Saudi 100 Brands program
Business & Money | Thursday 8 July, 2021 9:06 am
The Kingdom’s Fashion Commission on Wednesday announced the finalists chosen to participate in its year-long Saudi 100 Brands program. The initiative will include training, advice and mentorship from experts in the fashion sector. The successful applicants were revealed during a ceremony at...
PIF’s Sanabil Investments increases share capital by 50% to $8bn
Business & Money | Thursday 8 July, 2021 3:42 am
The Saudi Arabian Investment Company (Sanabil Investments) on Wednesday announced that its parent company, the Public Investment Fund, had approved increasing its share capital by 50 percent to SR30 billion ($8 billion). The Saudi Cabinet approved the establishment of Sanabil Investments in...
Applications surge for Microsoft for Startups’ GrowthX Accelerator programme, as deadline approaches
Business & Money | Thursday 8 July, 2021 1:22 am
 Microsoft today called for startups across Saudi Arabia to act now and register their applications for its GrowthX Accelerator programme before the 7 July deadline, as interest in the initiative continued to surge across the region.Hailed as a major boost to the region’s vibrant startup...
88% of consumers in Saudi Arabia will opt for digital banking services over visiting a physical branch post Covid-19
Business & Money | Thursday 8 July, 2021 12:20 am
 Consumer appetite for digital banking services continues to grow in the Kingdom of Saudi Arabia (KSA), accelerated further by the COVID-19 pandemic, according to a new survey conducted by Backbase with YouGov.Eighty-eight percent of respondents to the survey said that they are now more likely ...
Saudi issues new customs rules to boost local, GCC production
Business & Money | Tuesday 6 July, 2021 12:31 am
Saudi Arabia has approved the national rules of origin which aim to promote local content, Finance Minister Mohamed Al-Jadaan said on Twitter. It means that products which are not made in a GCC country will be considered foreign goods by customs. The decision was approved after...
Search, Book, Go! Huawei’s Petal Search and Wego collaborate on a one-app travel experience
Business & Money | Tuesday 6 July, 2021 12:12 am
Huawei’s Petal Search, the easy-to-use application and search engine pre-installed on Huawei smartphones, has inked a partnership on 01 July 2021 with Wego, a leading travel marketplace in the MENA and APAC regions. With this, Huawei device users will see best deals and instant booking...
SAMI Achieves AS9100 Certification for Excellence in Quality Management
Business & Money | Monday 5 July, 2021 3:40 am
In recognition of its compliance with the quality management systems requirements for aviation, space, and defense, Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), has been awarded the prestigious AS9100 certification. With this...