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 […]
Sweden and Finland are working jointly to develop and design a new generation of Icebreakers. The motive of the project is to select the design of a new vessel that will meet the challenges of the shipping industry while also responding to environmental concerns. The design project, which is valued around $3.5 and $4.5 million, […]
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 […]
Denmark has got the approval from European Energy (EE) to develop a large solar field with a capacity of 300MW. The municipality of Aabernraa, Southern Jutland region will get the largest solar field in Northern Europe. European energy has announced US$158 million to develop the solar field. The solar Field is to be installed in […]
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 […]
A new global center of excellence in risk management, The “Global-Asia Insurance partnership” (GAIP) in Singapore is scheduled to be launched at first-ever Singapore International Reinsurance conference (SIRC)’2020 Re-mind’ virtual event to be held on the first week of November. As Asia faces structural and emerging risks GAIP will be the strategic response to deal […]
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 […]
Singtel, Singapore’s largest mobile operator is advancing with its project to start a digital bank together with Grab, the multinational ride hailing company. Sichin Mittal, Singapore based DBS bank analyst says this joint venture looks like “a strong candidate for a full digital banking license.” Monetary Authority of Singapore, which is a central bank and […]
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. […]
OpenPayd, which is an application programming interface (API)- led banking-as-a-service(BaaS) provider, launched InstantFX, which will help clients gain easy access to foreign exchange payments. Firstly, OpenPayd is a Technology business established in 2015, that provides a wide range of banking and payment services.that provides a wide range of banking and payment services. InstantFX gives a […]
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, […]
In the US and Europe, Stock markets plunged as Coronavirus cases surge, efforts to contain Coronovirus is not going as planned. The US reported 83,000 cases a record high on daily Covid-19 cases which surpassed the July peaks. Despite the insistence of the US president Donald Trump, that the country is “rounding the turn” on […]
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. […]
A Survey result states that nearly two-thirds of entrepreneurs believe their small businesses might not survive in long run due to COVID and many jobs might slump. A London business school has warned UK as an survey estimates 6m small businesses supporting 16.6m jobs are in a precarious position financially due to COVID. According to […]
European workers fear for their continuity as half of small scale and medium sized establishments which provide jobs, for the coming 12 months, according to a survey released by Mckinsey which is a management consultancy. Governments in Europe are forced to impose new restrictions on activity and reckoning of fresh national lockdowns. As warnings multiply […]
