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11 - 20 from 15255 . In "BUSINESS"
Car sharing startup IDrive set to take the Kingdom by storm
Another mass mobility revolution is quietly hitting the middle east with the launch of KSA based IDrive.This new tech venture, Led by ex Careem executive Imran Nasim and backed by Ali al Flaij (SKOP Holdings) along with Saudi automobile giant Wallan Group promises to solve the problem of car ownership and mobility by bringing all idle vehicles in a city on to a car sharing marketplace app.Users can book their nearest car at dirt cheap rates, unlock it with the app, drive to their destination and end the booking. Bookings can be made on per minute, daily, weekly, and monthly basis.Currently you can book an IDrive for SAR 0.5/ minute, SAR 108/day and the rates keep going down the longer your booking duration. Furthermore, fuel is totally free and you can get the tank refilled from any...
July 03, 2022

Car sharing startup IDrive set to take the Kingdom by storm

Al-Futtaim Group opens two B&Q franchise stores in Riyadh
RIYADH — Al-Futtaim Group has launched B&Q KSA, with the first two stores now open in Riyadh, Saudi Arabia, following the announcement of a franchise partnership with Kingfisher plc, the international home improvement group and B&Q’s parent company, in 2021.The opening of the B&Q franchise stores in Saudi Arabia is the latest offering of Al-Futtaim Group in the home improvement sector, which is expected to see strong growth over the coming years. The two new stores in Riyadh, each with a built-up area of over 5,000 square meters, are located in King Abdullah Road and Al-Farooq District of Riyadh. In launching B&Q KSA, Al-Futtaim Group aims to offer both retail and trade customers everything they need for home improvement at great prices with the best customer experience.The new B&Q KSA...
July 03, 2022

Al-Futtaim Group opens two B&Q franchise stores in Riyadh

Mukesh Ambani is bringing UK sandwich chain Pret A Manger to India
NEW DELHI — One of the world's richest men is launching Pret A Manger in India, adding the British coffee and sandwich store brand to a huge business empire that spans energy, retail and telecommunications.A unit of Mukesh Ambani's conglomerate Reliance Industries said on Thursday that it has entered into a "long-term master franchise partnership" with Pret A Manger and will "launch and build the brand in India."Darshan Mehta, the managing director of Reliance Brands, said in a statement that the partnership was rooted in the "strong growth potential" of the Pret brand and India's food and beverage industry.With its population of 1.3 billion and rapid growth, India is a key market for international food brands, including coffee shops. In 2012,...
July 01, 2022

Mukesh Ambani is bringing UK sandwich chain Pret A Manger to India

The EU has agreed on landmark regulation to protect consumers from the wild swings of cryptocurrencies
EU agrees on landmark crypto regulation in wake of Terra meltdown, Bitcoin plunge
BRUSSELS — The European Union has agreed on landmark rules for regulating the cryptocurrency industry, whose meltdown has been wiping out fortunes and sparking calls for tighter scrutiny worldwide.EU negotiators hammered out the final details for a provisional agreement late on Thursday on a sweeping package of crypto regulations for the bloc’s 27 nations, known as Markets in Crypto Assets, or MiCA.“Today, we put order in the Wild West of crypto assets and set clear rules for a harmonized market,” said Stefan Berger, the lead lawmaker negotiating the rules.The EU's crypto rules “will ensure a harmonized market, provide legal certainty for crypto-asset issuers, guarantee a level playing field for service providers and ensure high standards for consumer protection,” he said...
July 01, 2022

EU agrees on landmark crypto regulation in wake of Terra meltdown, Bitcoin plunge

V. Nandakumar, director of Marketing & Communications, Lulu Group being presented with the Retail Marcom Icon Award by Anna Germanos, MENA region head of Meta (Facebook).
Top retail professionals of the region honored at RetailME Summit
DUBAI — Top retail professionals of the Middle East were recognized for their tremendous contribution to the industry at the annual RetailME Summit 2022 held at Dubai Wednesday.The event saw some of biggest retailers from around the world coming together to share the innovations and trends shaping the retail industry, one of the biggest contributors to the region’s economy.An eminent jury comprising leaders from global organizations such as Facebook, Google, TikTok, Zebra Technologies and Images Retail Magazine had selected the final award winners in the categories of Technology, IT, Ecommerce, Logistics, Marketing and communications across the Middle East.V. Nandakumar, director of Marketing & Communications, Lulu Group, the region’s top retail organization has been recognized as...
July 01, 2022

Top retail professionals of the region honored at RetailME Summit

Bank of England: Soaring inflation will hit Britain harder than most
LONDON — Soaring inflation will hit Britain harder than any other major economy during the current energy crisis, the governor of the Bank of England (BoE) has warned. Andrew Bailey said the UK's economy would likely weaken earlier and be more intense than others as a result of the energy price shock that all European economies face, dpa reported.The situation was further exacerbated in Britain by the "structural legacy" left by Covid in the labor market as companies struggled with a lack of workers."Unfortunately, there is going to be a further step-up in UK inflation later this year because that's a product of the way the energy price cap interacts with the energy prices we have observed over the last few months," Bailey told a European Central Bank (ECB)...
June 30, 2022

Bank of England: Soaring inflation will hit Britain harder than most

TCL grows footprint in KSA with newest TV and Home Appliance range
JEDDAH — TCL Electronics, (1070.HK), the second-largest LCD TV brand in the world and a pioneer in consumer electronics and home appliances has launched its latest product line in Saudi Arabia in partnership with Alesayi Electronics, the sole distributor of TCL products in the Kingdom.The products launched include TCL’s new range of MiniLED TVs, QLED TVs, extra-large 98” QLED TV and soundbars along with a wide range of air conditioners (ACs), refrigerators, and washing machines. TCL achieved ranking No.1 in the Android Smart TV market share globally in 2021.TCL has a presence in over 160 countries and has over 300 million customers, making it a globally leading brand of consumer electronics and home appliances. This latest product launch is part of the company’s aggressive...
June 30, 2022

TCL grows footprint in KSA with newest TV and Home Appliance range

Saudi Stock Exchange main index loses 203 points at end of trading
RIYADH — Saudi Stock Exchange's main index ended trading lower on Thursday, losing 203.94 points to close at 11,523.25 points.The total value of the trading reported was SR6.5 billion, while the toll of shares traded was 177 million, divided into over 370,000 deals.The Saudi Parallel Market Index (NOMU) ended the day gaining 857.5 points, to close at 21,585.08 points, with a valuation of SR59 million and an overall tally of more than 996,000 stocks traded and divided into as many as 4,290 deals. — SPA
June 30, 2022

Saudi Stock Exchange main index loses 203 points at end of trading

Manufacturing modern quay cranes to handle giant vessels at King Abdulaziz Port in Dammam
RIYADH — Under the supervision of the Saudi Ports Authority (Mawani), Saudi Global Ports (SGP) and Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) have today signed an agreement to manufacture three state of the art quay cranes at King Abdulaziz Port in Dammam.The deal was signed by Chairman of the Board for Saudi Global Ports Abdulla Zamil, CEO of Saudi Global Ports Edward Tah; and Secretary of the Party Committee, Chairman and President of ZPMC Liu Cheng Yun and Senior Vice President and Executive Board Member of ZPMC Liu Qi Zhong. Witnesses of the signing included President of Saudi Ports Authority (“MAWANI”) Omar Hariri; Director-General of King Abdulaziz Port Captain Fahad Alamer; and Regional CEO of Middle East and South Asia and Head of Group Business Development of...
June 30, 2022

Manufacturing modern quay cranes to handle giant vessels at King Abdulaziz Port in Dammam

Alfanar to invest SR2 billion in Egypt
CAIRO — On the sidelines of the Crown Prince Mohammed bin Salman bin Abdulaziz’s visit to Egypt last week, Alfanar Global Development signed agreements worth almost SR2 billion with Arab Organization for Industrialization and Benya Holding Group at the headquarters of the General Authority for Investment and Free Zones in Cairo.The agreements are focused on localization of technology for renewable energy, and implementation of IT projects, digital solutions, data centers and cybersecurity, respectively.Engineer Amer AlAjmi, Executive Vice President said, “Alfanar has been present in international markets including the Egyptian market for many years now through our renewable energy projects. In Egypt, we have also contributed towards 50MW at the Benban Solar Park. We look forward to...
June 30, 2022

Alfanar to invest SR2 billion in Egypt

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