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AI

Mozn’s march to regional recognition – An AI story

by Staff WriterFri 19 May 2023Wed 31 May 2023

Following its participation in the inaugural DIFC FinTech Summit, Malik Alyousef, co-founder and chief operating officer of Saudi-based AML and anti-fraud leader Mozn discusses trends, challenges, and more

Latest in Saudi companies

Flynas

Jummar appointed by flynas as PR & communications consultantfor the second year

by Staff WriterTue 18 Apr 2023Tue 18 Apr 2023

Jummar has a valuable client portfolio of state organizations as well as leading companies from different sectors

Saudi

business activities

Saudi business confidence dips amid inflation fears despite fastest economic expansion in a decade

by BloombergMon 9 May 2022Mon 9 May 2022

Business confidence in future activity levels was down to a three-month low and one of the lowest ever recorded, indicating a marked degree of uncertainty over whether the current rate of output growth can be sustained, an economist at S&P Global said

Saudi companies

Saudi Arabia bans ministers from sitting on company boards

by BloombergSun 12 Sep 2021Fri 29 Oct 2021

Move does not include those whose chairmanship or membership is ‘by order from the prime minister’, government said

Royal Commission for Riyadh City has targeted attracting as many as 500 foreign companies to set up their regional headquarters in the capital over the next ten years.

GCC companies

Why employees can reap rewards of Saudi relocation

by ITPMon 22 Feb 2021Wed 6 Oct 2021

International companies may have to look at ‘substantial pay hikes’ in order to move talent to kingdom

Saudi Arabia is pushing a $800 billion strategy to double the size of Riyadh and turn it into a global hub

companies

Will Saudi Arabia’s ‘bold move’ prompt global majors to rethink their regional HQs?

by Staff writerTue 16 Feb 2021Wed 6 Oct 2021

Business experts say Riyadh HQ ruling could force multi-nationals to re-evaluate their projects pipeline and talent pool in the region

It is hoped that national research centres based in universities or the private sector can take advantage of the new order.

consultancy firms

Saudi government bans use of foreign consultancy firms

by Gavin GibbonMon 9 Sep 2019Wed 6 Oct 2021

Value of contracts awarded to foreign firms was estimated to be around $3.2bn

Of the organisations that do have a plan in place, almost half (49 percent) do not test their plans regularly.

cyber attack

IBM says 31% of UAE, Saudi firms unprepared for cyber attack

by Sam BridgeWed 29 May 2019Thu 7 Oct 2021

About a third of organisations in the UAE and Saudi Arabia are still unprepared to respond to cybersecurity incidents, according to survey

In its annual EY Growth Barometer, EY found that businesses in Saudi Arabia are generally more optimistic about revenues and business opportunities than they were last year.

Businesses in Saudi Arabia

Saudi businesses optimistic of growth prospects, reports shows

by Bernd Debusmann JrSun 9 Sep 2018Thu 7 Oct 2021

New statistics from EY show that cash flow shortages remain a concern for many Saudi middle-market businesses

Foreign investors will be able to take strategic stakes of 10 percent or more in stock exchange-listed companies, the securities regulator Saudi Capital Markets Authority (CMA) said on Sunday.

Capital Markets Authority

Saudi to let foreigners take strategic stakes in listed companies

by Staff Writer Mon 23 Oct 2017Thu 7 Oct 2021

Strategic investors in Saudi companies will retain voting rights attached to their shares