Business & Money | Tuesday 29 September, 2020 9:59 pm

Kpmg: Saudi-listed Insurers Report Strong Performance In H1 2020 Amid Covid-19 Impacts

Saudi insurers witnessed a substantial increase in net profit before zakat in the first half of 2020 with gross written premium (GWP) maintaining an upward trajectory and declining loss ratios, according to a new report released by KPMG in Saudi Arabia, a leading provider of audit, tax and advisory ...

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Technology & IT | Tuesday 29 September, 2020 3:39 am

Kaspersky registers growing interest in PlayStation 5 among cybercriminals

Kaspersky experts has recently detected a growing interest among phishers and scammers in the popular game console PlayStation, the new version of which is going to be launched in November. In the period of July – September 2020, there was discovered almost 150 suspicious web resources around the ...

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Business & Money | Monday 28 September, 2020 2:55 pm

Value of Awarded Contracts Set to Rebound in Second Half of 2020

The value of awarded contracts in the Kingdom decreased during the second quarter to SAR11 billion ($2.9 billion) after a strong showing during the first quarter, according to a report by the U.S.-Saudi Business Council (USSBC). The promising start to the year fizzled during Q2 as numerous project...

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Environment & Energy | Sunday 27 September, 2020 3:49 am

COVID-19 and the Kingdom’s Power Sector

Attributed to Khalid Salem, CEO and President – Mitsubishi Power MENA The unfolding effect of the COVID-19 outbreak is deeply impacting livelihoods and businesses across the world, and of course in the Middle East. The impact is felt across all industries, and the Power sector is not exempt. ...

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Technology & IT | Monday 14 September, 2020 1:30 pm

Security spending in Saudi Arabia to reach US$425 million in 2020: IDC, Trend Micro Report

Trend Micro Incorporated today in partnership with IDC and leading industry organizations released a report titled ‘Cybersecurity and its Impact on Digital Saudi’ that covers an in-depth analysis of the kingdom’s security landscape. The research is a culmination of interviews with technology...

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Business & Money | Sunday 6 September, 2020 10:37 am

Capitalizing on Oil in Today’s Forex Market The market information to watch and react to

Over the past year, the oil market has seen peaks, valleys, and extreme volatility. The pillar of so many economies has shaken like never before, and traders have made millions. Black gold has long been one of the world’s most sought after assets.  Currently international oil quotes...

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Technology & IT | Wednesday 2 September, 2020 12:36 am

Zoom predicts revenue surge

Zoom Video Communications Inc. raised its annual revenue forecast by more than 30 percent after comfortably beating quarterly estimates on Monday as it converts more of its huge free user base to paid subscriptions. Shares of Zoom, which have surged almost four-fold this year, rose 9.3 percent ...

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Business & Money | Tuesday 25 August, 2020 12:22 pm

2020 Commerce Trends: Collinson reports significant YoY spending jumps in electronics, fitness and food, as travel purchases dip

Charting the effects of the coronavirus pandemic on commerce trends, Collinson today reveals a new outlook at how COVID-19 is affecting online shopping habits in Europe.    A global leader in customer benefits and loyalty, Collinson supports over 25 online shopping portals where ...

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Business & Money | Monday 17 August, 2020 3:07 pm

A Growing Fintech Industry is Emerging in Saudi Arabia

 With fintech continuing to accelerate across the globe, Fintech Saudi has said it is seeing the emergence of a growing fintech industry in Saudi Arabia. The Fintech Saudi Annual Report 2019/20, which provides an overview of the development of the fintech industry in Saudi Arabia over the ...

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Business & Money | Wednesday 12 August, 2020 1:51 am

Riyadh and Dubai Stand To Benefit From Autonomous Mobility-On-Demand Solutions

Traffic systems worldwide are broken, and countless cities across all continents are being confronted with mounting urban mobility challenges year-on-year, with congestion, carbon emissions, space, and road accidents all becoming increasing causes for concern. Although several new mobility...

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