Bahri, a global leader in logistics and transportation, has announced that its Bahri Logistics business unit has entered into a new agreement with TKHS, the global leader in specialized logistics services tailor-made for the luxury hospitality industry, to deliver a unique and powerful service offering for Saudi Arabia’s booming hospitality sector. Under the terms of […]
Zain Group, a leading telecom innovator with operations in seven markets across the Middle East and Africa, announces its consolidated financial results for the first quarter (Q1) ended March 31, 2022. Across its footprint, Zain increased its active customer base by 2.3 million to serve 50.9 million. Zain Group generated consolidated Revenue of KD 408 […]
Sixth of October Development & Investment Company “SODIC” has released its consolidated financial results for the three months ended 31st of March 2022. First Quarter 2022 Operational & Financial Highlights Gross contracted sales: EGP 3.74 billion, up 102% YoY Cancellations 10% of gross contracted sales Timely delivery of 165 units Revenues EGP 1.19 billion, up 40% YoY Gross profit EGP […]
Emirates Islamic, a leading Islamic financial institution in the UAE, today announced its results for the period ending 31 March, 2022. Key Highlights – Q1 2022 Strong operating performance on higher income coupled with reduction in provisions Total income up 14% y-o-y driven by higher funded and non funded income Operating expenses increased by 10% y-o-y Impairment […]
Amazon Payment Services, a payment service provider operating across the Middle East and North Africa (MENA) region, has announced the appointment of Mona Alsemayen as the Country Head, Strategy and Growth for Amazon Payment Services in Saudi Arabia. Peter George, Managing Director of Amazon Payment Services, commented: “We are excited to welcome Mona into our […]
On April 3, 2022, the Coca-Cola Bottling Company of Jordan (“Coca-Cola Jordan”) formally signed a strategic cooperation agreement with Pudu Robotics (“the Company”), the global leader in commercial service robots. As part of the partnership, Coca-Cola Jordan, in collaboration with Quill (Pudu Robotics’ official partner in Jordan) will use the company’s high-end delivery robot BellaBot to promote and distribute […]
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, the Saudi Export and Import Bank (Saudi EXIM Bank), and the General Authority for Small and Medium Enterprises (Monshaat) announced the signing of a Tripartite Memorandum of Understanding (MoU) to launch the KSA SME Development Program. Present at the signing […]
It was an exhilarating event with 30+ hours of unconventional networking, Tech Talks, Keynotes, panel discussions and the newly launched talk show called ‘WBS Talks’ at the 22nd global edition of World Blockchain Summit in Dubai. The summit was held under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, member of the ruling […]
The COVID-19 pandemic has caused significant disruption to global sourcing patterns. According to a new survey commissioned by Hong Kong Trade Development Council (HKTDC) Research, the vast majority of international buyers (93%) have used online sourcing platforms since the pandemic began, with more than 85% attending virtual fairs to meet their sourcing needs. However, most […]
Microsoft today announced the availability of a new wave of digitally transformative services on its Azure UAE Regions. These latest services mean that regional Microsoft Cloud customers now have access to almost all of Azure’s tools, allowing them to leverage the full versatility and power of the trusted, intelligent Microsoft Cloud to accelerate their digital transformations. […]
