Tuesday 13 April 2021

Alkhair Capital moves into King Abdullah Financial District

Alkhair Capital, a leading Saudi sharia-compliant financial institute, has announced that it has shifted its base to King Abdullah Financial District (KAFD).    Alkhair Capital, which was established at Riyadh in 2009, now has around SR10 billion ($2.6 bill


Al Baraka Islamic launches special property financing package

Al Baraka Islamic Bank (AIB), a leading financial institution in Bahrain, has announced a first-of-its-kind financing offer in the kingdom, in partnership with Bahrain's Ministry of Housing and Eskan Bank.   Under this package, Al Baraka Islamic will provide


Intelligent automation 'to boost KSA economy by $293bn'

Intelligent automation offers the potential to double the economy of the Kingdom of Saudi Arabia (KSA) to $1.6 trillion, adding an additional $293 billion by 2030, according to new research commissioned by Automation Anywhere.   Results of the Saudi Arabia: Show


Saudi Arabia ranks global 2nd in consumer confidence

Saudi Arabia has ranked second world-wide in the Consumer Confidence Index for March 2021, which measures the current and future status of 23 global markets, a media report said. The Kingdom scored 61.4 points in the Ipsos consumer confidence index, i. e, "15.7 points higher


Aramco in global alliance to launch finance academy

Saudi Aramco has announced its creation and participation in the launch of Altamayyuz Finance and Accounting Excellence Academy, a first-of-its-kind collaboration between leading global accountancy firms and investment banks. The academy is the result of a strategic alliance that


Saudi Tadawul becomes holding group; first step towards IPO

The Saudi Stock Exchange (Tadawul) has announced its transformation into a holding group structure and reinforcing its capabilities in technology innovation by launching a dedicated applied technology solutions company, Wamid.   This transformation marks a new c


Dubai-S Africa trade grows 17% to top $4.2bn in 2020

Dubai’s trade with South Africa grew 17% to AED15.71 billion ($4.27 billion) from AED13 billion in 2019, delegates heard at an investment and trade seminar organized by South Africa’s Department of Commerce. Dubai Customs delivered a presentation on Dubai’s trad


Investcorp announces sale of Kee Safety Group Ltd

Investcorp, a leading global provider and manager of alternative investment products, has announced it has agreed the sale of Kee Safety Group Ltd to its management team, supported by Intermediate Capital Group.   Established in the UK in 1934 and headquartered


Aldar launches new 480-unit residential project in Abu Dhabi

  Leading UAE developer Aldar Properties has announced the launch of Noya Viva, the next phase of its premium Noya development on Yas Island, Abu Dhabi.   The community is open for buyers from all nationalities to purchase their hom


Tech Mahindra launches new ServiceNow business unit

  Tech Mahindra, a leading provider of consulting and business reengineering services and solutions, has announced the launch of its ServiceNow business unit to accelerate digital transformation for customers.   The enhanced partner

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