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151 - 160 from 16528 . In "BUSINESS"
Lendo’s $690 million deal with J.P. Morgan: A Game-Changer for Saudi SMEs
Lendo, Saudi Arabia’s leading debt crowdfunding platform, has secured a $690 million warehouse facility from J.P. Morgan, marking a major milestone for the country’s fintech sector. The deal highlights growing international confidence in Saudi Arabia’s financial ecosystem and reinforces Lendo’s role in bridging the SME financing gap.Osama Alraee, CEO and co-founder of Lendo, described the agreement as a transformative moment for both the company and the broader fintech industry. He pointed out that this facility will significantly expand Lendo’s lending capacity, create over 18,000 new jobs, and fuel economic growth in alignment with Vision 2030.Alraee explained that Lendo’s Shariah-compliant debt crowdfunding model offers a faster and more accessible financing alternative...
February 02, 2025

Lendo’s $690 million deal with J.P. Morgan: A Game-Changer for Saudi SMEs

Fincantieri CEO highlights the company's growing role in Saudi Arabia's maritime sector
In an interview, Pierroberto Folgiero, Chief Executive Officer and Managing Director of Fincantieri, discusses the company's role in steering Saudi Arabia's rapidly evolving shipbuilding, defense, and maritime sector, which is pivotal in the Kingdom's Vision 2030 agenda. Fincantieri has significantly expanded its international footprint in recent years. What factors drive the company's growth in Saudi Arabia and the wider GCC region? Fincantieri's growth in Saudi Arabia and the broader GCC region is driven by the region's strategic significance, robust economy, and growing investments in maritime and defense sectors. Situated at the crossroads of global trade routes, the GCC is vital to international shipping and logistics. As regional governments embark on...
January 29, 2025

Fincantieri CEO highlights the company's growing role in Saudi Arabia's maritime sector

HP is redefining the Future of Work with AI
Fadle Saad, MD at HP Saudi Arabia, speaks with Saudi Gazette about HP’s commitment to creating a more fulfilling Future of Work by empowering people to love what they do through innovative technology that delivers advanced capabilities, harnesses AI's potential, and enables individuals to make a meaningful impact while driving progress and purpose in their work.1. How does AI contribute to improving the user experience in office products?At HP, we recognize that the technology people depend on can either limit their potential or propel them forward. With advancements in Generative AI, expectations for technology have evolved and people now seek tools that help them work faster, think more creatively, and connect more meaningfully, all while being seamlessly tailored to their unique...
January 29, 2025

HP is redefining the Future of Work with AI

Volkswagen launches the all-new Tiguan in Saudi Arabia
Volkswagen announced the launch of the all-new Tiguan in the Kingdom with the arrival of the third generation of this iconic SUV.Over 7.6 million Tiguan vehicles have been sold worldwide since its debut in 2007, making it one of Volkswagen's best-selling models. The all-new Tiguan will be available in showrooms starting January 22, 2025, with a 1.4-liter TSI engine.Matthias Ziegler, CEO of Volkswagen Middle East, stated: "The Tiguan has been a global success for the Volkswagen brand, and this also applies to our region. The Tiguan has proven to be the ideal SUV for our customers, offering them enough space for an active lifestyle and complementing their driving experience with high-tech features and an attractive design."Meanwhile, Mohammad Moussa, General Manager of...
January 28, 2025

Volkswagen launches the all-new Tiguan in Saudi Arabia

Arcapita and DSV partner to build state-of-the-art sustainable warehouse in Dubai’s Jebel Ali Free Zone
Arcapita Group Holdings Limited (‘Arcapita’), the global alternative investment firm, in partnership with DSV, a global logistics leader, announced today the development of a state-of-the-art, 30,000 square meter build-to-suit warehouse in Dubai’s Jebel Ali Free Zone (JAFZA).This milestone project marks a significant expansion in their collaboration, with a strong focus on sustainability and innovation.Group AMANA, the leading regional design-build company, kicked off construction following a special groundbreaking event, having been awarded the official design and build contract for the facility. Utilizing Modular construction, offsite construction, and BIM technology, AMANA aims to deliver a high quality, more sustainable facility within 11 months.Sustainability and Innovation at...
January 28, 2025

Arcapita and DSV partner to build state-of-the-art sustainable warehouse in Dubai’s Jebel Ali Free Zone

The move comes hours after economic data showed prices rose last month at the fastest pace in 16 months
Bank of Japan raises rates to highest in 17 years
TOKYO — Japan's central bank has increased the cost of borrowing to its highest level in 17 years after consumer price rises accelerated in December.The move by the Bank of Japan (BOJ) to raise its short-term policy rate to "around 0.5 percent" comes just hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.The BOJ's last interest rate hike in July, along with a weak jobs report from the US, caught investors around the world by surprise, which triggered a stock market selloff.The bank's governor, Kazuo Ueda, signaled this latest rate hike in advance in a bid to avoid another market shock.According to official figures released on Friday, core consumer prices in Japan increased by 3% in December from a year earlier.The...
January 24, 2025

Bank of Japan raises rates to highest in 17 years

Advancing Saudi Vision 2030: Technology as a Cornerstone for Growth
Saudi Arabia continues to work towards achieving the goals of Vision 2030, which relies on innovation and advanced technology to drive the development of key sectors. This ambitious vision is part of a comprehensive strategy to stimulate the national economy and expand the knowledge base, solidifying the Kingdom's position regionally and globally.Technological innovation is a cornerstone of sustainable development. Saudi Arabia is strengthening non-oil sectors, including modern industries and technology, to support the national economy. The goal is to increase the contribution of these sectors to 50% of the GDP by 2030.A variety of local and international companies are pivotal in advancing the Kingdom's industrial sector by introducing innovative technologies that align with Saudi...
January 23, 2025

Advancing Saudi Vision 2030: Technology as a Cornerstone for Growth

With Safety at its Core, OMODA C5 forges a Shield of Quality
The automotive industry has never before been at the convergence of so many technological revolutions. Electrification and the intelligent revolution are carving out a new track. Regardless of how the track changes, building automobiles still requires a solid industrial foundation and craftsmanship to go further. In recent years, the OMODA, a favorite among the global Z generation, has always upheld quality as its priority. Its first global model, the OMODA C5, has subsequently achieved scores far above the class average in the E-NCAP, A-NCAP, and ASEAN NCAP flaunting the highest safety prowess in its class.It is worth mentioning that in the critical tests of "Child Occupant Protection" and "Safety Assist," the OMODA C5 demonstrated capabilities significantly above the...
January 22, 2025

With Safety at its Core, OMODA C5 forges a Shield of Quality

OMODA&JAECOO's cumulative global sales exceed 410,000 units within less than 2 years of launch
• Brand Global Sales Milestone: In 2024, OMODA&JAECOO's annual sales reached 248,605 units, with monthly sales exceeding 20,000 units for 8 consecutive months, accounting for 22% of the group's sales, and has become the fastest-growing car brand globally.• Key Markets and Vehicle Sales maintain high growth: OMODA&JAECOO shine in multiple markets, with Malaysia experiencing explosive growth, recording annual sales of 15,661 units, a year-on-year increase of 174%. The star model OMODA C5 continues to grow in sales, achieving an annual volume of 129,341 units. Since its launch in February, new energy models OMODA E5, JAECOO J7 PHEV, and J6 have sold 34,068 units.• Four Dimensions - "New" Driving Force, Lead Diverse Development:1. New Markets - Deepening Global...
January 22, 2025

OMODA&JAECOO's cumulative global sales exceed 410,000 units within less than 2 years of launch

"Theeb Rent a Car" receives two awards for Best New Sustainability Practices and Most Distinguished Company in Social Responsibility from The Global Economics
Theeb Rent a Car Company has been honored with two prestigious global awards in the car rental sector: "Best New Sustainability Practices" and "Most Distinguished Company in Social Responsibility" for 2024, as nominated by the international magazine, The Global Economics. The company received these accolades during The Global Economics Award 2024 ceremony, held in Dubai on January 15, 2025. This annual event recognizes outstanding companies and organizations across diverse business fields in the global market, including economic, commercial, social, and developmental sectors.The awards aim to honor significant contributions to the global and regional economy while encouraging businesses to enhance their operations for greater inclusivity. Commenting on the...
January 22, 2025

"Theeb Rent a Car" receives two awards for Best New Sustainability Practices and Most Distinguished Company in Social Responsibility from The Global Economics

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