KSA

Saudi Arabia Buy Now Pay Later Market Report 2021 Featuring tamara, Spotti, Tabby, Postpay, & Cashew Payments

Thursday, October 14, 2021 - 1:45pm

DUBLIN, Oct. 14, 2021 /PRNewswire/ -- The "Saudi Arabia Buy Now Pay Later Business and Investment Opportunities (2019-2028) - 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 14, 2021 /PRNewswire/ -- The "Saudi Arabia Buy Now Pay Later Business and Investment Opportunities (2019-2028) - 75+ KPIs on Buy Now Pay Later Trends by End-Use Sectors, Operational KPIs, Market Share, Retail Product Dynamics, and Consumer Demographics" report has been added to ResearchAndMarkets.com's offering.
  • BNPL payment in the country is expected to grow by 69.4% on annual basis to reach US$ 321.4 million in 2021.
  • Consumers in Saudi Arabia are becoming comfortable with card payments.
  • With deferred payment services, consumers can receive the product first and then pay later when they feel satisfied.

Datumcon to Showcase the Power of Video Analytics in Transforming Businesses at its Ai Everything x GITEX Debut

Thursday, October 14, 2021 - 1:01pm

DUBAI, United Arab Emirates, Oct. 14, 2021 /PRNewswire/ -- At Ai Everything x GITEX Global, Datumcon, a specialized artificial intelligence (AI) and data science company based out of the UAE and Saudi Arabia, aims to highlight the benefits of AI-enabled video analytics to governments and businesses across the region. Established in 2018, this dynamic start-up provides globally competitive AI solutions developed by the field's foremost talents to address the region's growing demand for advanced technology solutions.

Key Points: 
  • With this being Datumcon's first independent participation at the event, the start-up is eager to showcase its range of AI applications across its 100 square meter stand.
  • The intelligent AI-enabled video analytics solution detects and extracts objects and features from real-time and recorded video streams and images to enable swift decision making.
  • Commenting on their participation, Csar Andrs Lpez, Chief Executive Officer, Datumcon, said: "We are thrilled to showcase our exciting range of AI applications at our first solo presence at Ai Everything x GITEX Global.
  • As a trusted advisor to its customers, Datumcon also offers consultancy services in AI algorithms, modeling, data science, and Big Data projects.

Boxed Continues to Grow Software & Services Business with Expansion into New Markets

Wednesday, October 13, 2021 - 1:00pm

NEW YORK, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Boxed (“Boxed” or the “Company”), an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers, today announced a partnership with 786 Holdings Limited to deliver e-commerce software and services technology to the Middle East and North Africa (“MENA”).

Key Points: 
  • Boxed commenced its international expansion initiatives in 2021 through an exclusive partnership with Aeon beginning with a successful rollout of its proprietary technology in Malaysia.
  • The Company is currently exploring further expansion with Aeon in Southern Asia, including Vietnam.
  • Boxed further enables e-commerce through its Software & Services business, which offers customers in need of an enterprise-level e-commerce platform access to its end-to-end technology.
  • Seven Oaks Acquisition Corp. is a special purpose acquisition company formed for the purpose of entering into a business combination.

Virgin Megastore in Saudi Arabia to Accelerate Digital Transformation with IBM and SAP

Wednesday, October 13, 2021 - 1:00pm

ARMONK, N.Y., Oct. 13, 2021 /PRNewswire/ -- IBM (NYSE: IBM ), in collaboration with its business partner in Saudi Arabia Brmaja Commercial Company (Brmaja), has announced that Virgin Megastore KSA, a major entertainment retailer in the Kingdom of Saudi Arabia, is migrating its SAP ERP application workloads to IBM Cloud as part of its hybrid cloud strategy.

Key Points: 
  • ARMONK, N.Y., Oct. 13, 2021 /PRNewswire/ -- IBM (NYSE: IBM ), in collaboration with its business partner in Saudi Arabia Brmaja Commercial Company (Brmaja), has announced that Virgin Megastore KSA, a major entertainment retailer in the Kingdom of Saudi Arabia, is migrating its SAP ERP application workloads to IBM Cloud as part of its hybrid cloud strategy.
  • Habits formed during the COVID-19 pandemic have raised consumers' expectations for digital engagement, especially in service industries like retail.
  • By migrating its ERP workloads to IBM Cloud, Virgin Megastore KSA will aim to boost productivity across business functions to help meet the evolving needs of its growing network of shoppers.
  • "By working with Virgin Megastore KSA to accelerate their digital transformation, we are able to support their business vision and fuel their growth."

The Cohesive Companies Expand in Transportation Infrastructure Globally with Acquisition of OXplus and through Executive Succession

Tuesday, October 5, 2021 - 9:01pm

The acquisition of OXplus, founded in 2010, will accelerate The Cohesive Companies expansion of its Enterprise Asset Management presence within Europe and elsewhere.

Key Points: 
  • The acquisition of OXplus, founded in 2010, will accelerate The Cohesive Companies expansion of its Enterprise Asset Management presence within Europe and elsewhere.
  • Mark Bew said, We are delighted to welcome the OXplus team to enhance The Cohesive Companies balance across geographies and sectors.
  • OXplus CEO Henri Snijders said, We are excited that OXplus is joining The Cohesive Companies to strengthen our position as a leading digital consultancy in the railways and transportation sectors.
  • The Cohesive Companies have coalesced and globally multiplied the reach and capabilities of Cohesive Solutions, Cohesive Asset Performance, SRO Solutions, PCSG, Ontracks Consulting, and OXplus.

Kindred to temporarily cease services towards Dutch citizens

Thursday, September 30, 2021 - 11:06pm

LONDON, Sept. 30, 2021 /PRNewswire/ -- Kindred Group plc has taken the decision to cease any services towards Dutch citizens as of today on a temporary basis. Kindred's ambition is to be a sustainable operator in the Netherlands contributing to the Dutch society once a licence is awarded. Today's decision has been taken due to recent policy changes in the Netherlands, on which Kindred will seek further clarification.

Key Points: 
  • LONDON, Sept. 30, 2021 /PRNewswire/ -- Kindred Group plc has taken the decision to cease any services towards Dutch citizens as of today on a temporary basis.
  • Kindred Group plc (Kindred) has today taken the decision to temporarily cease further services towards citizens in the Netherlands.
  • It is Kindred's view that the letter from Minister Sander Dekker does not explicitly request operators to cease services towards Dutch citizens as long as the prioritisation criteria published in 2019 are followed.
  • Kindred will now seek further clarification on the intention of the Dutch government and the KSA.

Kindred to temporarily cease services towards Dutch citizens

Thursday, September 30, 2021 - 11:04pm

LONDON, Sept. 30, 2021 /PRNewswire/ -- Kindred Group plc has taken the decision to cease any services towards Dutch citizens as of today on a temporary basis. Kindred's ambition is to be a sustainable operator in the Netherlands contributing to the Dutch society once a licence is awarded. Today's decision has been taken due to recent policy changes in the Netherlands, on which Kindred will seek further clarification.

Key Points: 
  • LONDON, Sept. 30, 2021 /PRNewswire/ -- Kindred Group plc has taken the decision to cease any services towards Dutch citizens as of today on a temporary basis.
  • Kindred Group plc (Kindred) has today taken the decision to temporarily cease further services towards citizens in the Netherlands.
  • It is Kindred's view that the letter from Minister Sander Dekker does not explicitly request operators to cease services towards Dutch citizens as long as the prioritisation criteria published in 2019 are followed.
  • Kindred will now seek further clarification on the intention of the Dutch government and the KSA.

Anghami Snatches Mary Ghobrial, Ex-Amazon Director Marketplace Expansion & Ex-CCO of SOUQ.com To Be New Chief Operating and Strategy Officer

Tuesday, September 28, 2021 - 2:01pm

ABU DHABI, United Arab Emirates, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Anghami (Anghami or the Company) today announced the appointment of Mary Ghobrial, Ex-Amazon Director Marketplace Expansion & Ex-CCO of SOUQ.com, to be the Companys new Chief Operating and Strategy Officer.

Key Points: 
  • ABU DHABI, United Arab Emirates, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Anghami (Anghami or the Company) today announced the appointment of Mary Ghobrial, Ex-Amazon Director Marketplace Expansion & Ex-CCO of SOUQ.com, to be the Companys new Chief Operating and Strategy Officer.
  • Throughout her career, Ghobrial has developed many new products within various sectors including fast-moving consumer goods, entertainment and online shopping.
  • She also led the 3P business for Saudi Arabia, the largest marketplace in MENA.
  • Headquartered in Abu Dhabi, it has offices in Beirut, Dubai, Cairo and Riyadh and operates in 16 countries across MENA.

Financial Sector Conference Concludes its First Focused Event of the Financial Sector Conference Talks

Tuesday, September 28, 2021 - 12:09pm

RIYADH, Saudi Arabia, Sept. 28, 2021 /PRNewswire/ -- On Monday, 27 September 2021, the Financial Sector Conference (FSC) concluded its first focused event of the 'Financial Sector Conference Talks', organized by the Financial Sector Development Program's partners (Finance Ministry Saudi Central bank CMA) and held at Rafal tower in Riyadh.

Key Points: 
  • RIYADH, Saudi Arabia, Sept. 28, 2021 /PRNewswire/ -- On Monday, 27 September 2021, the Financial Sector Conference (FSC) concluded its first focused event of the 'Financial Sector Conference Talks', organized by the Financial Sector Development Program's partners (Finance Ministry Saudi Central bank CMA) and held at Rafal tower in Riyadh.
  • Dr. Fahad Al-Mubarak, Governor of the Central Saudi Bank, where he shed lights on Growing Global Trend in Sustainability and Climate Change.
  • The first panel of the event discussed "KSA ESG Ecosystem: Opportunities and Challenges".
  • It is worth mentioning, that the second edition of the Financial Sector Conference has sought, since its launch in 2019, to achieve interdependence integration within the financial sector ecosystem through its various tools and means.

Financial Sector Conference Concludes its First Focused Event of the Financial Sector Conference Talks

Tuesday, September 28, 2021 - 11:55am

RIYADH, Saudi Arabia, Sept. 28, 2021 /PRNewswire/ -- On Monday, 27 September 2021, the Financial Sector Conference (FSC) concluded its first focused event of the 'Financial Sector Conference Talks', organized by the Financial Sector Development Program's partners (Finance Ministry Saudi Central bank CMA) and held at Rafal tower in Riyadh.

Key Points: 
  • RIYADH, Saudi Arabia, Sept. 28, 2021 /PRNewswire/ -- On Monday, 27 September 2021, the Financial Sector Conference (FSC) concluded its first focused event of the 'Financial Sector Conference Talks', organized by the Financial Sector Development Program's partners (Finance Ministry Saudi Central bank CMA) and held at Rafal tower in Riyadh.
  • Dr. Fahad Al-Mubarak, Governor of the Central Saudi Bank, where he shed lights on Growing Global Trend in Sustainability and Climate Change.
  • The first panel of the event discussed "KSA ESG Ecosystem: Opportunities and Challenges".
  • It is worth mentioning, that the second edition of the Financial Sector Conference has sought, since its launch in 2019, to achieve interdependence integration within the financial sector ecosystem through its various tools and means.