Articles for category: Business

Layla Al-Khalifa

Exciting Launch: Redington’s New Riyadh Office Opening!

Redington’s New Riyadh Office: A Hub of Innovation and Collaboration Redington, the powerhouse of innovation and technology aggregation in emerging markets, has officially opened its new office in Riyadh, Kingdom of Saudi Arabia. This significant milestone signifies Redington’s dedication to expanding its footprint in the region and contributing to Saudi Arabia’s ambitious digital transformation goals ...

Layla Al-Khalifa

Exclusive: Jimmy partners with Amit Trading Co. for Saudi Arabia launch

JIMMY Launches in the KSA with Exclusive Distribution Partner JIMMY, a global innovator in household appliances, officially launched in the KSA following a successful event with exclusive distribution partner Amit Trading Co. The leading global brand, known for creating innovative technology for a smart lifestyle, has announced its official entry into the Kingdom of Saudi ...

Layla Al-Khalifa

Awwal Bank Wins Best ESG Award for 3rd Year in a Row

Saudi Awwal Bank (SAB) Wins Third Consecutive “Best Bank for ESG” Award In a remarkable feat, Saudi Awwal Bank (SAB) has once again clinched the title of “Best Bank for ESG” in Saudi Arabia, as awarded by Euromoney for the third year in a row. This prestigious accolade solidifies SAB’s position as a trailblazer in ...

Layla Al-Khalifa

Breaking News: MAGRABi Retail Group Takes Over Top Kuwaiti Retailer!

MAGRABi Retail Group Acquires Kefan Optics Company KSCC: A Game-Changer in Kuwait’s Eyewear Industry In a groundbreaking move, MAGRABi Retail Group, the leading eyewear retailer in the Middle East, has announced the acquisition of 100% of the issued share capital of Kefan Optics Company KSCC, a major player in Kuwait’s eyewear market. Revolutionizing the Customer ...

Layla Al-Khalifa

Moody’s Downgrades US Credit Rating Due to Soaring Debt

Moody’s Downgrades US Credit Rating to ‘Aa1’, Ending Era of Perfect Credit In a historic move, Moody’s has stripped the United States of its last remaining perfect credit rating, downgrading it from ‘AAA’ to ‘Aa1’. The decision, announced on Friday, comes as a result of mounting concerns over debt sustainability and increasing interest costs. This ...

Layla Al-Khalifa

Boeing lands record-breaking order from Qatar during Trump’s visit

Boeing Strikes Massive Deal with Qatar for 210 Jets In a groundbreaking move, Boeing has clinched a deal with Qatar for up to 210 jets, marking the aircraft maker’s “largest-ever” widebody order valued at a staggering $96 billion. The order comes amidst swirling controversy surrounding US President Donald Trump’s proposed acceptance of a Boeing 747-8 ...