After positive trial data from Pfizer and BioNTech on Vaccine, US banks are in line for windfall that widened the gap between long and short-term bond yields. Apart from big pharma, US banks are also reaping a windfall due to the news on the COVID-19 vaccine. Pfizer and BioNtech’s promise on releasing vaccine has not […]
Crude oil prices increased rapidly on Monday on hopes of vaccine against COVID-19 and joint actions by OPEC+ allies to keep grip on supply of oil. The global bench mark Brent Crude oil price hopped 9 percent to more than $43 a barrel and the stock market around the world hop in middle of an […]
Alpha Vector is looking forward to sell its bikes in overseas market with e-bicycle segment by 2025. Alpha Vector entered the e-bicycle segment in the last week in the country with its Meraki brand launch. In India, e-bicycle segment accounts only 2-3 percent of its total bicycle market. According to Alpha Vector, both domestic and […]
South Africa is to set about an ambitious economic reform agenda that has similarities with Saudi Arabia’s efforts to stimulate investments. South Africa President Cyril Ramaphosa last month revealed a plan that aims in helping the country recover from corona’s impact. This plan includes fast tracking projects and boost infrastructure spending. Like Saudi Arabia, South […]
Joe Biden, Democratic presidential candidate, expressed confidence that he will win the election. Joe Biden has enough states to win the election and reach the magic number of 270 electoral votes. Joe Biden expressed this statement when he was projected to win critical battleground states of Michigan and Wisconsin. Joe Biden holds low leads in […]
Wusool, a program for women, in the Kingdom to benefit more working women in their transportation has been updated. It is to help Saudi Arabia women in the private sector with transport cost. Wusool is backed by Saudi Human Resources Development Fund with the aim to cut cost of transportation for working women on their […]
Women participation in workforce and Saudi economy, and having women in leader position in one of the key objective of Kingdom’s Vision 2030 reform strategy. Saudi Industrial Development Fund, SIDF has made promoting women to senior positions and achieving gender parity a top priority. Among Saudi government entities, SIDF has boosted proportion of Women staff […]
King Abdullah University of Science and Technology, KAUST has announced Saudi Arabia’s first university engagement program. This program is specifically to improve and develop small and medium-sized enterprises, SMEs in the Kingdom. It is designed to provide access to KAUST ecosystem. KAUST SMEs innovation services help SMEs to make their customer base strong and increase […]
The founder and CEO of MENA region’s first and largest open banking platform is confident about the revolution that the technology will create in the industry. A mobile banking application that has license can become financial advisor to customers in open banking. Open banking refers to sharing of financial information electronically and securely, with the […]
The head of Saudi Aramco’s trading arm said, The Organisation of the Petroleum Exporting Countries, OPEC, and its allies will have to take on with “lot of demand issues” before raising production in January 2021. They plan to raise production by 2 million barrels per day (bpd) from January after COVID pandemic hits demand down. […]
Oman Banks Association (OBA) has advised lending institutions in Sultanate to welcome few technological innovations in global banking and financial services landscape. The Association’s CEO, Ali Hassan Moosa, warns Oman banks for neglecting new developments that have the potential to revolutionise the global industry. The innovations include open banking, fintech, robotic process automation, Artificial intelligence, […]
According to the CEO of Al-Nahdi Medical company, Yasser Johari, The pharmaceutical industry has contributed wide scope of services during the COVID pandemic with Ministry of Health to protect people in the country. Al-Nahdi Medical company also ensured that all necessities were available during health emergency and it was an active support with Saudi authorities. […]
