13 Dhu al-Qi'dah 1445 - 21 May 2024
    
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Eye of Riyadh

The 6th Middle East Retail & e-Commerce Summit & Awards was successfully concluded on the 1st of May 2024 at the Riyadh Marriott Hotel in Riyadh, Kingdom of Saudi Arabia.
Business & Money | Monday 20 May, 2024 12:08 pm
The Summit brought together a diverse audience of thought leaders, professionals, and innovators from around the Kingdom to discuss global best practices in order to determine the future landscape of retail & ecommerce. Renowned professionals in the sector delivered captivating...
The emergence of Saudi Arabia as the fastest-growing  eRetail Market in the MENA region
Technology & IT | Monday 20 May, 2024 11:22 am
The retail sector in Saudi Arabia is undergoing significant transformation, with eCommerce emerging as a dominant force of growth in the Kingdom’s retail spectrum. Research by the Global Retail Development Index (GDRI) states that the KSA retail industry is set for robust growth, with a...
Klaim, Tharwat Tuwaiq ink MoU to launch SAR 50M fund to support small, medium-sized clinics
Business & Money | Sunday 19 May, 2024 10:11 am
Klaim for Information Technology, has signed a new strategic memorandum of understanding with Tharwat Tuwaiq Financial Company. The MoU aims to support small and medium-sized clinics by providing them with a new venue for financial sustainability, while concurrently enhancing access to healthcare...
GEA licenses 1,673 entertainment activities in Q1 2024
Business & Money | Saturday 18 May, 2024 7:18 am
The General Entertainment Authority (GEA) issued more than 1,673 entertainment licenses in the first quarter of 2024, an increase of 28% compared to the same period of 2023.   In a statement, the authority said the licenses included all entertainment and support activities, namely...
HONOR Releases Android 15 Beta Program for Developers on HONOR Magic6 Pro and HONOR Magic V2
Technology & IT | Saturday 18 May, 2024 6:54 am
Global technology brand HONOR today announced Android 15 Beta 1 is now available for HONOR developers starting from May 10th. The HONOR Magic6 Pro and HONOR Magic V2 are the first devices to receive this update. This program offers early access to the latest Android updates for HONOR developers,...
Almarai signs five agreements with international companies worth more than 500 million SR. at the Middle East Poultry Exhibition
Business & Money | Saturday 18 May, 2024 6:33 am
As part of its expansion investment strategy, Almarai has signed five agreements with five leading global poultry companies worth over 500 million Saudi riyals. The aim is to expand poultry production and increase the company's market share in the sector, which currently stands at over 250 million...
Tibbiyah’s unit wins 2 purchase orders with NUPCO worth SAR23.8M
Business & Money | Thursday 16 May, 2024 8:00 am
Arabian International Healthcare Holding Co. (Tibbiyah) awarded on May 14, two purchase orders, in favor of Al Faisaliah Medical Systems Co. (FMS), a wholly owned subsidiary by the National Unified Procurement Co. (NUPCO), at a value of SAR 23.8 million. Tibbiyah explained in a statement on Tadawul ...
ADES CEO says rig additions boost profit growth, 75% of revenue from Aramco
Business & Money | Thursday 16 May, 2024 7:32 am
ADES Holding Co.'s Q1 2024 profit growth was driven by an increase in revenues, coupled with the company's proactive step of hedging for about 60% of its loans, which helped slash costs to about 4%, according to CEO Mohamed Farouk. Speaking with Al Arabiya TV, the top executive said...
Sulaiman Al Habib approves transferring SAR 1.05B to retained earnings
Business & Money | Thursday 16 May, 2024 7:16 am
Shareholders of Dr. Sulaiman Al Habib Medical Services Group (HMG) approved, during the meeting held on May 14, the board’s proposal to transfer the company’s statutory reserve of SAR 1.05 billion as in financial statements for Dec. 31, 2023, to the retained earnings, according to a statement...
MSCI adds 8 Saudi firms, excludes 6 in periodic review
Business & Money | Thursday 16 May, 2024 6:56 am
MSCI Inc, the provider of research-based indexes and analytics, announced the results of its periodic review, adding SAL Saudi Logistics Services Co. to the MSCI Global Standard Index. Meanwhile, the index added seven firms to MSCI Saudi Arabia Small Cap Index, namely, Al-Babtain Power...
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