Thursday, July 19, 2018
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Eye of Riyadh

Visa and mada partner to launch new mobile-based Application, mada Pay
Business & Money | Sunday 15 July, 2018 1:05 pm
Visa (NYSE:V), the world leader in digital payments, today announced that it has partnered with mada, the national payment scheme, to bring Saudi consumers mada Pay, the first multi-issuer mobile payment solution that supports contactless (NFC) transactions to launch in the...
Saudis can have a role in the Great Silk Route, says Azeri envoy
Business & Money | Sunday 15 July, 2018 6:13 am
The cordial political ties between Saudi Arabia and Azerbaijan have been the prime contributor for growing relations between the two nations in other areas of interest, according to the southeastern European country's top diplomat in the Kingdom. Shahin Abdullayev, Azerbaijan's...
Bankruptcy reforms ‘will spur Saudi Arabian investment’
Business & Money | Sunday 15 July, 2018 1:15 am
Saudi Arabia will introduce its first comprehensive bankruptcy law on Aug. 18 in a move designed to encourage foreign and domestic investment in private business, experts say. The move is also seen as providing a boost for competitiveness and jobs, and to help pave the way for the transfer of...
Hankook Technodome Acquires ISO/IEC 17025 Accreditation
Business & Money | Saturday 14 July, 2018 12:40 am
Premium tire maker Hankook Tire’s state of the art R&D Center, Hankook Technodome, has acquired ‘ISO/IEC 17025’ from A2LA(American Association for Laboratory Accreditation), acknowledged with the company’s own testing system.    ‘ISO/IEC...
UAE approves VAT refund for tourists
Business & Money | Friday 13 July, 2018 6:30 am
The United Arab Emirates announced on Wednesday that Value Added Tax refunds will be available for  tourists visiting from overseas, state news agency WAM reported. The UAE introduced VAT in the country on January 1, 2018, at a rate of five percent. The UAE aims to grow the tourism...
Waseela Appoints New CEO
Business & Money | Friday 13 July, 2018 5:22 am
Waseela (, a leading ICT System Integrator in the Middle East, announced today that its board has appointed Mr. Bilal Al Anani, its Chief Technology Officer (CTO), to succeed Dr. Samer Taha as the company's Chief Executive Officer...
Bidaya Completes Mortgage Portfolio Assessment Exercise with Capital Intelligence Ratings Ltd
Business & Money | Friday 13 July, 2018 5:17 am
Bidaya Home Finance (Bidaya) has recently completed an assessment of its mortgage finance portfolio via Capital Intelligence Ratings Ltd (CI), Cyprus. Based on this exercise, CI issued a Portfolio Assessment Report (Report) to Bidaya. Bidaya's management team is pleased to have undertaken this...
noon builds e-commerce partnerships in China
Business & Money | Thursday 12 July, 2018 4:46 pm
noon, the Middle East’s homegrown digital marketplace, is proud to announce the launch of two entities in China, one on the mainland and the other in Hong Kong, kick starting noon’s Asia operations.   In China, noon aims to establish a trusted network of high-quality Chinese...
SADAFCO holds successful Extraordinary General Assembly Meeting
Business & Money | Thursday 12 July, 2018 9:00 am
Saudia Dairy and Foodstuff Company (SADAFCO) has successfully held its Extraordinary General Assembly Meeting (EGM) earlier last week in Jeddah and concluded formalities for the company’s 2017-18 Financial Year results. The annual general meeting was deemed as being Extraordinary as one...
Badiri Business Entrepreneurship Programme 2018 Opens Doors for Second Phase – Planning, Launch and Management
Business & Money | Thursday 12 July, 2018 2:31 am
The Badiri Business Entrepreneurship Programme (BBEP) is now accepting applications for its intensive four-month course, where women can learn key business skills that enable them to launch and run a successful business and receive business-mentorship.    The programme, which runs...
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