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1 - 10 from 16542 . In "BUSINESS"

Lulu launches new hypermarket in Jeddah

Lulu Retail has opened a new hypermarket in Jeddah’s Al-Baghdadiyah Al-Gharbiyah district.Located along the Al Andalus Road, the new outlet offers a comprehensive and modern shopping experience that combines convenience, variety, and innovative retail design.The store was officially inaugurated by Eng. Nasar Salem Almoteb, Deputy Mayor of Jeddah Municipality in the presence of Ihsan Bafakih, Executive vice chairman of Al Nahla group, Nasser Huwaiden Thaiban Ali Alketbi, Consul General of UAE in Jeddah, Fahad Ahmed Khan Suri, Consul General of India in Jeddah, and Yusuffali M.A, Chairman of LuLu Group, along with other dignitaries.Yusuffali said: “We are proud to further strengthen our footprint in Jeddah with the launch of this hypermarket in Al-Baghdadiyah Al-Gharbiyah. This expansion...

July 09, 2025

Lulu launches new hypermarket in Jeddah

Saudi Awwal Bank named best bank in Saudi Arabia for 2025 by Euromoney for financial performance and innovation

Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has been named “Best Bank in Saudi Arabia for 2025” by Euromoney, recognizing the bank’s strong financial performance, continued digital advancement, and commitment to social responsibility over the past year.In 2024, SAB reported a net profit of SR8.07 billion, a 15% increase over the previous year. Operating income reached SR14 'million, supported by a 16% return on tangible equity, reflecting consistent performance and effective capital deployment.Lending remained a key area of growth, with net loans and advances rising by 20% to reach SR259 billion, in line with SAB’s strategy to support the financing needs of individuals and businesses across the Kingdom.SAB continued to strengthen its digital...

July 09, 2025

Saudi Awwal Bank named best bank in Saudi Arabia for 2025 by Euromoney for financial performance and innovation

XDS Datacentres signs 15-year deal to host 10MW of AI workloads in Saudi’s Desert Dragons facilities

XDS DATACENTRES, a leading provider of advanced data center solutions, has announced a landmark agreement with Desert Dragon Data Centers (DD), a premier Saudi Arabia-based colocation facility designed/built/operated by ICS Arabia.A total of 10MW is required by XDS in the kingdom. Desert Dragon will deliver 3MW of immersion-cooled segment in June 2026 to XDS, and the following year will complete the requirement.The agreement reinforces Desert Dragon’s dedication to enabling high-performance AI and hyperscale workloads within the Kingdom, with strategic plans to expand its immersive segment up to 50MW across four cities in the kingdom of Saudi Arabia.The signing ceremony was held earlier today at Desert Dragon’s headquarters in Riyadh, with key executives from both organizations in...

July 08, 2025

XDS Datacentres signs 15-year deal to host 10MW of AI workloads in Saudi’s Desert Dragons facilities

Moyasar unveils MPG: A landmark in Saudi Arabia’s digital payment evolution

Moyasar, a leading provider of digital payment solutions in Saudi Arabia, proudly announces the official launch of the Moyasar Payment Gateway (MPG) — one of the most advanced gateways in the local market. This comes after obtaining all required regulatory and technical approvals for the new interface for e-commerce payments project, announced by the Saudi Central Bank (SAMA) positioning MPG as one of the first gateways fully prepared to comply with the new infrastructure driving the future of digital commerce in the Kingdom.A Game-Changer for Enterprise PaymentsBuilt for performance and reliability, MPG is the first gateway in Saudi Arabia to offer a full suite of integrated capabilities including recurring payments across all networks, seamless Apple Pay and Samsung Pay support,...

July 07, 2025

Moyasar unveils MPG: A landmark in Saudi Arabia’s digital payment evolution

HONOR returns to Esports World Cup as Official Smartphone Partner for 2025

The Esports World Cup Foundation (EWCF) announced on Friday the return of HONOR as the Official Smartphone Partner for the Esports World Cup 2025. After a successful collaboration at the inaugural EWC in 2024, HONOR’s renewed partnership will utilize HONOR’s AI-enabled technology to support elite mobile esports competition at the highest level.Last year, HONOR redefined mobile gaming at EWC, with the HONOR 200 series serving as the official tournament device. Athletes and creators leveraged its AI-enhanced performance for competitive play and real-time content capturing, while fans experienced HONOR's innovation firsthand at branded lounges and interactive zones.This year, HONOR introduces HONOR Magic7 Pro to EWC 2025 as the Official Smartphone for EWC's mobile esports titles....

July 07, 2025

HONOR returns to Esports World Cup as Official Smartphone Partner for 2025

Saudi Awwal Bank signs on as mentor in the MEP Sustainability Champions Program

Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has announced its participation in the Sustainability Champions Program of the Ministry of Economy and Planning (MEP). The official signing ceremony took place on May 28, 2025, at SAB Tower, marking a key milestone in SAB’s commitment to sustainability.The signing ceremony marked the beginning of a strategic collaboration focused on sustainability. Senior executives from SAB and the participating mentees, who attended the event, emphasized the shared commitment to advancing sustainability across key sectors.The MEP Sustainability Champions Program, initiated by the Ministry of Economy and Planning, aims to enhance sustainability performance across key sectors by partnering with organizations that demonstrate...

July 07, 2025

Saudi Awwal Bank signs on as mentor in the MEP Sustainability Champions Program

stc group advances to “A” in MSCI ESG ratings, strengthening global sustainability position

Morgan Stanley Capital International (MSCI), an investment research firm and a leading global Environmental, Social, and Governance (ESG) index provider, has upgraded stc group from “BBB” in 2024 to “A” in 2025 in its latest ESG ratings, marking a significant leap for the leading digital enabler from the 2024 rankings.stc group is now among the top 31% of telecom companies worldwide to receive an “A” rating, out of a total of 62 telecom companies ranked by MSCI. This ranking reflects the group’s consistent progress in embedding sustainability, governance, and transparency across its operations.In the MSCI report, findings on stc group’s improvements highlighted strengths in data privacy and cybersecurity. This included a comprehensive framework for external IT audits,...

July 07, 2025

stc group advances to “A” in MSCI ESG ratings, strengthening global sustainability position

Alkhorayef Commercial Company partners with XSQUARE Technologies to elevate logistics automation in Saudi Arabia

Alkhorayef Commercial Company (ACC), a leading provider of industrial and commercial solutions in Saudi Arabia, has entered into a strategic partnership with Singapore-based XSQUARE Technologies. The two companies signed a Memorandum of Understanding (MoU) during the Saudi Warehousing & Logistics Expo 2025 to support the advancement of intelligent automation in warehouse operations across the Kingdom. The collaboration will bring together ACC’s strong presence in the Saudi market and its expertise in logistics solutions with XSQUARE’s state-of-the-art automation technologies – including Autonomous Mobile Robots (AMRs) and intelligent orchestration systems – to deliver tailored, efficient, and future-ready intralogistics solutions.Through this agreement, both companies will jointly...

July 03, 2025

Alkhorayef Commercial Company partners with XSQUARE Technologies to elevate logistics automation in Saudi Arabia

Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector

In a step that reflects a shared commitment to fostering innovation and driving impact, "Elm" Company and "One" Group for Communications and Marketing have signed a Memorandum of Understanding (MoU) aimed at enhancing collaboration to support local content and activate their strategic partnership across various fields, following best industry practices and professional standards.The MoU outlines the development of joint, high-impact initiatives in the Hajj and Umrah sectors, contributing to improved service quality and greater integration between both parties.It also includes an agreement to promote collaboration in supporting local content within the communications and marketing procurement sector, through the Tasharok platform owned by One Group—one of the leading...

July 02, 2025

Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector

Petromin and Foton sign Four-Party MoU to establish joint commercial vehicle manufacturing plant in Saudi Arabia

As part of the Kingdom’s Vision 2030 ongoing efforts to strengthen its industrial sector and localize high-value manufacturing, Petromin Corporation, Foton, the Ministry of Investment, and the National Industrial Development Center signed a four-party memorandum of understanding (MoU) to explore the establishment of an integrated commercial vehicle manufacturing plant in Saudi Arabia.The initiative aims to develop local capabilities in manufacturing and logistics, strengthen supply chains, and increase localization rates in the vehicle sector. The scope of production will include heavy-duty trucks, light-duty trucks, and buses.Amr Al-Dabbagh, Chairman and CEO of Al-Dabbagh Group, commented: "This step aligns with our ambitions to promote a diversified economy based on industry and...

June 26, 2025

Petromin and Foton sign Four-Party MoU to establish joint commercial vehicle manufacturing plant in Saudi Arabia

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