RIYADH: Saudi Arabia’s strategic location, thriving economy, and strong government support have attracted a diverse range of funding partners keen on assisting startups and entrepreneurs. The Kingdom, according to Houssem Jemili, partner at management consulting firm Bain and Co., has one of the highest technology spends in the Middle East and North Africa, approximately 2.5 … Read more
Saudi Arabia’s point-of-sale transactions grow 11% to reach $14.35bn in January RIYADH: Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed. The surge in POS payments reflects the Kingdom’s commitment to digitalization and investments in … Read more
RIYADH: Top Saudi banks demonstrated strong performances in 2023, with operating income growing by 9.5 percent, driven by non-interest revenue, according to professional services firm Alvarez & Marsal. The results of A&M’s fourth annual Kingdom of Saudi Arabia Banking Pulse for the 12-month period revealed a resilient and thriving financial sector with notable increases in key metrics. “The performance of the … Read more
RIYADH: Saudi artist Dr. Sami Almarzoogi’s solo exhibition at L’Art Pur Foundation in Riyadh “Is This a Gold Bar?” demonstrates the benefits of never giving up on your passion. Presented in collaboration with Hafez Gallery, the showcase presents Almarzoogi’s diverse body of work, encompassing paintings, drawings and mixed-media pieces, which delve deep into his exploration … Read more
DHAKA: Saudi Arabia is open to engaging Bangladeshi workers in its green initiatives, Riyadh’s envoy has said following talks with Dhaka’s new top diplomat. Nearly 3 million Bangladeshis live and work in Saudi Arabia. They are the largest expat group in the Kingdom and also the biggest Bangladeshi community outside Bangladesh. Under the Kingdom’s Vision … Read more
Saudi Arabia continues to sign strategic deals with global players at defense show RIYADH: The World Defense show in Riyadh continued for the fifth day with a flurry of deals signed between top international companies and Saudi firms. As many as 10 agreements were sealed by Saudi Arabia’s Ministry of Defense with local and international … Read more
RIYADH: Collaborative trade initiatives can help accelerate the adoption of clean technologies to effectively fight climate change, experts told a panel at the World Economic Forum in Davos on Wednesday. They viewed trade conflicts over subsidies, investment, and carbon pricing as counterproductive and responsible for hampering global efforts to mitigate the effects of climate change. … Read more
Recognizing the pivotal role of social media in marketing, sales growth, and branding, Community Jameel Saudi organized the “Social Media Lab” event for the second consecutive year in Jeddah. Hosted at the Nafisa Shams Company headquarters, the event brought together more than 200 participants, including entrepreneurs, freelancers, marketing professionals, and influencers.This initiative aligns with Community … Read more