Business & Money | Thursday 13 June, 2019 12:40 am

Nayifat reports Q1 results, unveils strategy for growth

Nayifat Finance Company, Saudi Arabia’s leading non-bank financial institution  (“NBFI”) for consumers and SMEs, has announced its financial results for the three-month period ended 31 March 2019. Revenue of SAR 84.9 million improved by 1.12% year-on-year, while net...

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Technology & IT | Thursday 13 June, 2019 12:37 am

Kingdom’s Cybersecurity Industry to be Valued at $5.5 Billion by 2023

A report titled, MEA Cybersecurity Market forecast to 2023, predicted that Saudi Arabia's cybersecurity market will grow to $5.5 Billion by 2023. This year alone will witness the rise of the cybersecurity market value to $3 Billion as more investments are being made in the sector. The report...

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Business & Money | Wednesday 12 June, 2019 11:07 am

Most Caffeine Ltd Won $50 Million Investment to Expand Its ABS Chain in Middle East Market

RIYADH, Saudi Arabia--(BUSINESS WIRE/AETOSWire)-- Abstract: Blockchain firm Most Caffeine Ltd has received a $50 million investment from a major investment firm in Saudi Arabia. The firm will partner with the ABS chain team in the long run and help ABS expand into the Middle East market to provide...

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Tourism & Hospitality | Wednesday 12 June, 2019 4:06 am

“Abnaa al Khair” iftar at Red Sea Mall for the 7th consecutive year

Under the umbrella of the Saudi General Entertainment Authority, Red Sea Mall conducted the “Abnaa Al Khair” iftar this year, that falls within its corporate social responsibility strategy for giving back to the local community and especially the children of charity organizations. The...

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Technology & IT | Wednesday 12 June, 2019 12:14 am

Spotify on PlayStation™ Music now available in Saudi Arabia, United Arab Emirates

  The soundscape of gaming has reached a new decibel in the region, with Spotify on PlayStation™ Music rolling out in Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, Oman and Lebanon. Console gaming fans can now enjoy listening to their favourite tracks while...

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Beauty & Style | Tuesday 11 June, 2019 4:22 pm

TOUS launch their limited edition collection in Saudi Arabia

TOUS, the fine and elegant Spanish jewelry and accessory brand, has released a new exclusive collection in the month of Ramadan across Saudi markets.   The limited edition collection for Saudi markets adds a breath-taking looks to women in all events, especially wedding parties and...

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Business & Money | Tuesday 11 June, 2019 2:33 pm

Trukkin raises $3.5 million becoming Saudi Arabia’s largest truck aggregator

As “on demand” services expand into more industries and market places, Trukkin is leading the way in digital logistics solutions for long-haul trucking.  Launched in 2017, Trukkin is a techno-logistics firm based in Saudi Arabia and the United Arab Emirates operating throughout the ...

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Business & Money | Tuesday 11 June, 2019 1:10 pm

Saudi Arabia Lubricant Sales Volume is Expected to Reach over 500 Million Litres by 2023: Ken Research

Ken Research in their latest publication “Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial lubricants (Engine Oils, Turbine oils, Hydraulic oils,...

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Tourism & Hospitality | Tuesday 11 June, 2019 12:47 pm

China, Saudi, travel tech and innovation, dominate ATM 2019 agenda

  This year’s Arabian Travel Marketwitnessed a 106% increase in visitors from China and a 20% increase in international visitors to the event, which was held at Dubai World Trade Centre from 28 April – 1 May 2019. ATM has grown to become the largest event of its kind in...

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Technology & IT | Tuesday 11 June, 2019 12:38 pm

Ericsson Mobility Report: 5G uptake even faster than expected

Rapid early momentum and enthusiasm for 5G has led Ericsson (NASDAQ: ERIC) to forecast an extra 400 million enhanced mobile broadband subscriptions globally by the end of 2024. The June 2019 edition of the Ericsson Mobility Report forecasts 1.9 billion 5G subscriptions – up from 1.5 billion...

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