Tuesday, April 7, 2020
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Eye of Riyadh
Eye of Riyadh

Mastercard champions safe and secure payment transactions in Middle East & Africa with increase to contactless payment limits
Business & Money | Tuesday 7 April, 2020 5:43 am
Mastercard announced today that it is championing efforts to increase contactless payment limits across the Middle East and Africa (MEA) region as people look for safer ways to pay in the wake of the COVID-19 pandemic. The initiative is in line with recommendations from global and regional health...
ADDED urges local business sector to practice digital commerce by obtaining an 'e-commerce' license or listing it as an additional activity on existing licenses
Business & Money | Tuesday 7 April, 2020 3:08 am
The Abu Dhabi Department of Economic Development (ADDED) is calling on members of the local business sector to make full use and advantage of the e-commerce license initiative that has been made available since its launch in December 2017. The move falls in line with the Abu Dhabi...
SAGO calls on Saudi investors abroad to supply 355,000 tons of wheat
Business & Money | Monday 6 April, 2020 2:31 pm
Saudi Grains Organization (SAGO) has called on Saudi investors abroad to supply 355,000 tons of wheat. SAGO Governor Engineer Ahmed bin Abdulaziz Al-Faris pointed out that the quantity will be supplied during the period (May-November 2020) according to the harvest time in invested countries and...
Emirates NBD and Emirates Islamic jointly contribute AED 4 million to UAE Ministry of Education
Business & Money | Monday 6 April, 2020 12:54 pm
Emirates NBD and Emirates Islamic have contributed AED 4 million (from their Charity Fund) to the UAE’s Ministry of Education in support of its online and distance learning initiatives launched for all UAE schools during the ongoing COVID-19 pandemic.   The contribution will help...
 SADAFCO Provides Health Endowment Fund 10 SAR Million in Cash and Food Products to Combat COVID-19
Business & Money | Monday 6 April, 2020 12:51 pm
As waves of the social and economic impact of COVID-19 are felt across the world and as part of their commitment to mitigating the effect of the virus, in a bid to support the health services in coping with heightened demand, Saudia Dairy and Foodstuff Company (SADAFCO), announced a commitment ...
King Abdullah Port Receiving Containers With Food, Drug And Medical Devices To Meet Kingdom’s Needs During Covid-19 Fight
Business & Money | Monday 6 April, 2020 3:25 am
As Saudi Arabia steps up efforts to contain the COVID-19 pandemic, King Abdullah Port re-assures its users of complete readiness to receive containers, bulk and general cargo. All terminal operations and marine services are optimized to serve all types of cargo and particularly food, drugs, and...
Joint Statement on Employment, Skills & Women
Business & Money | Sunday 5 April, 2020 5:10 pm
The COVID-19 pandemic has severely constrained hundreds of millions of workers around the world. Not only have workers been exposed to the health risk, they have also been constrained by lockdown of geographies and widespread shutdown of businesses, including the global value chains. Women are...
AliExpress records strong growth in  ‘Home Demand’ segment in Saudi Arabia
Business & Money | Sunday 5 April, 2020 5:00 pm
AliExpress, a global retail online marketplace under Alibaba Group and a world-wide partner for Olympic Games, has recorded an exponential growth in the ‘Home Demand’ segment across Saudi Arabia.    With more people working from home, there is a stronger demand across...
Saudi’s Amlak International Achieves 14.5% Net Income Growth for FY19
Business & Money | Sunday 5 April, 2020 10:24 am
Saudi Arabia’s leading non-bank real estate lender, Amlak International (“Amlak” or the “Company”), has announced its financial results for the 12-month period ended 31 December 2019. Net income grew by 14.5% to SAR 70 million, with total revenues increasing by 11% to...
Almajdouie – Changan offers exclusive services to its customers in health and military sectors
Business & Money | Sunday 5 April, 2020 6:24 am
Almajdouie Motors Company, the authorized distributor for Changan cars in Saudi Arabia, announced the launch of an auto maintenance service initiative for its customers in the military and health sectors in their locations. This initiative grants the periodically changing of filter and engine oil...