Business & Money | Monday 24 May, 2021 8:30 am

‘Airbnb of Saudi’ raises $6m funding to expand across KSA

Gathern, a Riyadh-based startup similar to Airbnb, announced on Sunday the completion of a SR22 million ($6 million) Series A funding round headed by Saudi venture capital firm STV and supported by existing investors Vision Ventures, 500 Startups, Saudi businessman Naef Sultan AlAthel, and ARG...

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Business & Money | Monday 24 May, 2021 8:27 am

Saudization program Nitaqat gets overhaul with launch of 2nd version

The second version of Nitaqat, the Saudi Ministry of Human Resources and Social Development’s (MHRSD) Saudization program, has been launched with a goal to provide 340,000 jobs by 2024. The new Nitaqat program, one of the most important pillars of the MHRSD strategic transformation...

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Business & Money | Sunday 23 May, 2021 1:44 pm

Emirates NBD wins customer vote for Most Recommended Retail Bank in the UAE

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, was voted by consumers to win the award for the Most Recommended Retail Bank in the UAE in the Middle East at The Asian Banker's 2020 BankQualityTM Awards.   As part of its 2020...

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Business & Money | Sunday 23 May, 2021 6:28 am

GPCA to host virtual edition of 12th Supply Chain Conference

The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, will host the 12th GPCA Supply Chain Conference in a virtual format on May 26-27, 2021. The conference which will take place under the theme ‘Powering a resilient, responsive and ...

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Business & Money | Sunday 23 May, 2021 6:26 am

Al-Rajhi approves setting up ‘Science for All Society’

 Human Resources and Social Development (MHRSD) Minister Eng. Ahmed Al-Rajhi has approved the setting up of the “Science for All Society”, which is deemed the first Saudi private society of its kind. The founder and Chairman of the Board of the society Abdulrahman Al-Sultan said that...

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Business & Money | Sunday 23 May, 2021 6:24 am

Saudi-UAE Housing Council holds 4th meeting, review future projects

The Saudi-Emirati Housing Council, one of the initiatives of the Saudi-Emirati Coordination Council, held its fourth meeting in Dubai. The virtual meeting was attended by Prince Saud Bin Talal Bin Badr, under-secretary at the Ministry of Municipal and Rural Affairs and Housing for housing...

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Business & Money | Thursday 20 May, 2021 6:50 am

Sakani benefits 49,000 families under “ready units”, “under-construction” options

The number of beneficiary families from subsidized real estate loans options to buy “ready units” and “under-construction” residences exceeded 49,000 households between the beginning of the year and the end of April, 2021. This is as part of the program’s efforts to facilitate...

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Business & Money | Thursday 20 May, 2021 6:41 am

SAUDIA AND ETIHAD AIRWAYS SOLIDIFY RELATIONSHIP WITH RECIPROCAL ‘EARN AND BURN’ PARTNERSHIP

SAUDIA, the national flag carrier of the Kingdom of Saudi Arabia, and the United Arab Emirates’ national airline, Etihad Airways, announced a new reciprocal loyalty agreement, expanding on the existing codeshare deal between the two airlines. Members of the ALFURSAN and Etihad Guest...

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Business & Money | Wednesday 19 May, 2021 11:25 am

ENOC Group to open 25 service stations across the UAE in 2021

ENOC Group today announced plans to open 25 new service stations across the UAE by the end of 2021. The Group plans to build 12 service stations in Sharjah, 11 in Dubai and two in the Northern Emirates. ENOC will also build one marine service station in Dubai.  Three of the 11 stations...

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Business & Money | Wednesday 19 May, 2021 8:43 am

HSBC Saudi Arabia to transfer three units to SABB-owned Alawwal Invest

HSBC Saudi Arabia said it had agreed to transfer its asset management, retail brokerage and retail margin lending businesses to Alawwal Invest, a unit of the Saudi British Bank (SABB). The deal allows HSBC Saudi Arabia to focus on its investment banking, institutional brokerage and custody...

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