20 Safar 1443 - 28 September 2021
    
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Eye of Riyadh
Eye of Riyadh

SADAFCO announces opening of new ice cream factory in  Saudi Arabia
Business & Money | Tuesday 10 August, 2021 1:38 am
As part of its ambitious expansion plans in the Kingdom of Saudi Arabia, Saudia Dairy and Foodstuff Company (SADAFCO) announced the opening of a new ice cream factory in Modon Industrial City No.1, Jeddah.   The new ice cream factory, combined with the existing SADAFCO milk factory,...
Saudi Payments: POS transactions hit 227 billion riyals during H1 2021
Business & Money | Tuesday 10 August, 2021 1:03 am
Saudi Payments operates under the supervision of the Central Bank of Saudi Arabia (SAMA), revealed achieving more than 2.2 billion Point of Sale (POS) transactions, valued at over 227 billion riyals during H1 of 2021. According to results from the national payment scheme “mada”, near-field ...
Saudi Arabia’s booming startup ecosystem
Business & Money | Monday 9 August, 2021 9:21 am
 If you’re an ambitious entrepreneur with a breakthrough commercial proposition, this is a good time to be in Saudi Arabia. Within a relatively short space of time, the Kingdom’s startup ecosystem – particularly in the tech arena – has matured quickly and dramatically. Whereas the ...
Saudi Pavilion at Expo 2020 Dubai gets its final touches
Business & Money | Monday 9 August, 2021 9:19 am
The finishing touches are being made to Saudi Arabia’s pavilion at Expo 2020 Dubai for a one-of-a-kind experience that will present the Kingdom to visitors in a new light.The global exhibition will open in October and run until March 2022. For the first time every participating country will have...
JADWA ANNOUNCES MULTI-MANAGER FUNDS PLATFORM
Business & Money | Monday 9 August, 2021 3:50 am
Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the full activation of its multi-manager funds platform. The new Shariah-compliant offering comes as part of Jadwa’s ongoing commitment to expanding its clients’ access to new asset classes....
Schneider Electric Appoints Amel Chadli To Lead Digital Energy and EcoStruxure For The Middle East and Africa
Business & Money | Monday 9 August, 2021 1:40 am
Schneider Electric has promoted Amel Chadli to Vice President Middle East and Africa for Digital Energy and EcoStruxure. Amel, who has been with Schneider Electric for over a decade, will take up these new responsibilities alongside her existing Strategy role. Amel will spearhead the company’s...
Fintech Saudi Announces the Results of National Fintech Adoption Survey
Business & Money | Sunday 8 August, 2021 3:06 am
Setting a precedent in the Kingdom and the region in its new report, Fintech Saudi has announced the results of the National Fintech Adoption Survey which is aimed to measure the level of the people’s interest in adopting fintech solutions and to develop a clear understanding of how the fintech...
Tanmiah lists on Saudi Exchange after heavily oversubscribed IPO;  Investors show high level of confidence in leading Saudi food producer
Business & Money | Sunday 8 August, 2021 12:42 am
Tanmiah Food Company (“Tanmiah”) has listed on the Saudi  Exchange following a successful IPO in which its shares achieved an institutional coverage ratio of 9,534% and a retail coverage ratio of 1,170%. The shares were offered to institutions and individuals at SAR 67, at the top of the...
Saudi Aramco investors expect profit surge after strong first half
Business & Money | Wednesday 4 August, 2021 1:01 am
The oil reporting season will reach a climax next week with the announcement of first half results from the biggest company in the sector, Saudi Aramco. With strong crude prices for most of the six months to June 30, and rising output as OPEC+ constraints were steadily lifted during the...
Saudi Arabia Ranks Among Top Seven Global Economies on the National Entrepreneurial Context Index
Business & Money | Wednesday 4 August, 2021 12:42 am
The Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) along with the Babson Global Center for Entrepreneurial Leadership (BGCEL) released recently the Global Entrepreneurship Monitor (GEM) Kingdom of Saudi Arabia National Report 2020-21. The GEM Report, which charts levels...
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