Advanced Electronics Company (AEC) a Riyadh based Saudi Economic Offset Program Company has signed a Memorandum of Agreement (MoA) with Honeywell the global technology company for collaborating on business development activities for smart and connected buildings, smart cities and critical infrastructure protection (CIP) in Saudi Arabia.  The MoA is signed during Saudi Arabian Smart Grid Conference (SASG 2018), being held at The Ritz Carlton, Jeddah.


    GCC online searches divide opinion on land and sea cargo options, according to recent research from SEMrush, the award-winning digital marketing suite. Trends during the last three years show sharp contrasts in local online search queries for the type of cargo transport sought, along with the related products and destinations for these shipments, differed in the Kingdom of Saudi Arabia, United Arab Emirates and Kuwait.

  • Al Basel Consultancy expands Middle East operations with opening of new office in Saudi Arabia

    In a bid towards expanding its operations in the Middle East region, Al Basel Consultancy, a prestigious and high end consultancy firm and a member of the Al Basel Group of Companies, had opened its new office in the Kingdom of Saudi Arabia (KSA. The move falls in line with the company’s continuing expansion initiative, which strategically aims to offer more premiere services to its clients in the region.

  • Al Basel Group’s new jewelry business in KSA to boost localization efforts

    Al Basel Group, one of the leading groups of companies in the UAE that offers a range of specialized services for high-profile clients, announced its plans to launch a new jewelry business in the Kingdom of Saudi Arabia (KSA) in line with its expansion plans in the region. Albairaq for Diamonds and Jewelry will form part of the growing Al Basel Group led by the founder and CEO Basel Al Kasem, with his younger brother Omar Al Kasem at the helm of operations.  The company is set to be operational by the end of 2018, giving rise to a range of job opportunities for Saudi nationals, thereby complementing the ongoing localization efforts.

  • Al Faisaliah Hotel Voted ‘Best Business Hotel in Riyadh’ at the 2017 Business Traveller Middle East Awards

    Al Faisaliah Hotel has been recognised as the ‘Best business hotel in Riyadh’ by the prestigious Business Traveller Middle East Awards 2017.

  • Al Falak brings American technologies into the Saudi market to serve banking sector

    Al Falak,Electronic Equipment & Supplies Co., a leading IT and communications solution provider in the Saudi market signed an agreement with a US based, CorreLog, the leader in multi-platform IT security event management, offering software systems and automation solutions to the financial - banking sector, throughCorreLog Server application via subscription delivered from the cloud.

  • Al Falak to now offer its services to Saudi Arabia’s banking and finance segment

    Al Falak Electronic Equipment & Supplies Company, a leading IT and communications solution provider, has revealed its move of offering its ICT-based services to the Kingdom of Saudi Arabia’s (KSA) banking and finance segment. The company is expected to leverage its diverse portfolio of services across banking institutions operating in the Kingdom. Services to be offered include the installation of integrated projects covering audio, visual and data systems; consultancy on ICT-related issues; implementation of LAN, WAN, WLAN and Ethernet solutions; IPTV and connection services and integrated security systems to help protect the bank’s internal networks.


    Al Khobar has emerged as the third top area for hotel development in Saudi Arabia this year according to a new report, demonstrating the growing market for leisure and business tourism across the Kingdom.

  • Al Masah Capital Report: Regional markets range bound like oil but bargain buying picks up

    Saudi Arabia had a strong close to the week, with the country’s original sovereign bond issuance’s success which led to a positive investor sentiment. The strong subscription in the bond (over USD 15 billion) gave investors hope that the country’s economy contraction and ballooning deficit could have a silver lining.

  • Al Masah Capital Weekly Report: Mena markets generally cautious; buying picks up in Egypt and Saudi

    Oil prices ended last week in the USD51.5 - USD52 range resulting in MENA markets maintaining a cautious approach with the exception of Egypt and Saudi. UAE markets were mainly down with Dubai and Abu Dhabi showing weakness of -0.59% and -0.97% respectively coupled with subdued volumes. Saudi Arabia went up by 1.11% as it finally reacted to oil staying above $50 but investors are still being cautious about the country’s economic situation with fears of further austerity measures and doubts about OPEC’s next meeting reaching an agreement.

  • Al Qasba Celebrates Regional Solidarity with Saudi National Day

    This was one of the biggest weekends not only for The Kingdom of Saudi Arabia, which observed its 88th National Day on (Sunday 23 September, 2018) but the entire Gulf Region, which joins the revelries. Sharjah’s popular family attraction, Al Qasba, marked the historic day by congratulating the Kingdom of Saudi Arabia (KSA) with colourful celebrations, which started on Thursday 20 September, 2018 and concluded on Sunday 23 September, 2018. 

  • Al Tamimi & Company opens new office in Al Khobar, Eastern Province

    Al Tamimi & Company is pleased to announce that it has opened a new office in Al Khobar, in the Eastern Province of Saudi Arabia, one of the country's largest markets. The office is the law firm's third in the Kingdom and, combined with its existing operations in Riyadh and Jeddah, gives it coverage across the whole of Saudi Arabia. It also becomes the 17th office the firm has opened in the Middle East since its foundation.

  • Al Tayyar extends strategic partnership with Amadeus

    Al Tayyar Travel Group, one of the largest travel and tourism companies in the region, as part of its sustained efforts to contribute to the development of the corporate travel sector, has signed a new partnership agreement with Amadeus, one of the leading providers of advanced technology solutions for the global travel industry.

  • Al-Futtaim Logistics expands warehouse facility in Saudi Arabia

    As part of Al-Futtaim Logistics’ regional expansion plans, it has opened the second warehousing facility in the metropolis city of Riyadh. The local distribution centre now scales up a total of 15,000 sqms co-existing with its primary warehouse in Jeddah.

  • Alawwal bank wins 'Best Retail Bank' in Saudi Arabia at the Asian Banker awards

    Alawwal bank was named the 'Best Retail Bank' in Saudi Arabia 2017 at the Asian Bankers, International Finance Excellence Awards held at the Ritz Carlton in Dubai on 20 April.

  • Alghanim Industries Unveils Plans for Wendy’s Expansion into Kingdom of Saudi Arabia

    Alghanim Industries, one of the largest private companies in the region, announced today plans to expand the Wendy’s®brand into the Kingdom of Saudi Arabia, with the opening the first restaurant scheduled in spring 2017.

  • Almosafer launches flight booking service

    After successfully running its hotel reservations platform for several years, Almosafer has now released its new flight reservation feature for both their web and mobile app platforms. The service is valid for customers travelling to and from the Kingdom through more than 500 airlines globally.

  • Alstom and Airbus sign a cooperation agreement in cybersecurity

    Alstom and Airbus announce the signature of a strategic cooperation agreement in the field of cybersecurity. The agreement was signed by Marc Fontaine, Marc Fontaine, Digital Transformation Officer at Airbus and Pascal Cléré, Senior Vice President of Alstom's Digital Mobility division, at the Airbus site of Toulouse-Blagnac.

  • Alstom conducts initial dynamic tests for Riyadh Metro

    Alstom has, for the past few weeks, been conducting initial dynamic tests for the Riyadh Metro Project at the FAST consortium Line 4 Depot Test Track in Riyadh, Kingdom of Saudi Arabia. The Riyadh Metro Project, owned by Arriyadh Development Authority (ADA), consists of 6 lines totalling 176 km and 85 metro stations.

  • AMC to Open First International Movie Theater in Kingdom of Saudi Arabia

    In line with Vision 2030's diversification efforts, the Kingdom of Saudi Arabia's Ministry of Culture and Information has awarded the first license to operate an international-based movie theater in the country to AMC Theatres, which will allow the largest company of its kind to operate cinemas in the Kingdom. AMC will open the doors of its first Saudi theater in the capital, Riyadh, on April 18, 2018. The cinema's opening follows an MOU signed between AMC and the Public Investment Fund (PIF) back in November of 2017. The move also follows an announcement made in December of 2017 that cinemas would be operational this year.