Company News

SAR 6.5 Billion: Social Development Bank’s Financing Volume Since the Beginning of 2025

The Social Development Bank (SDB) held its third-quarter meeting for 2025, chaired by His Excellency Eng. Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development and Chairman of the Bank’s Board of Directors, with the presence of the board members. The meeting discussed several topics on the agenda, …

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Lilly launches TuneLab platform to give biotechnology companies access to AI-enabled drug discovery models

Eli Lilly and Company (NYSE: LLY) today announced the launch of Lilly TuneLab, an artificial intelligence and machine learning (AI/ML) platform that provides biotech companies access to drug discovery models trained on years of Lilly’s research data. Lilly estimates that this first release of AI models includes proprietary data obtained …

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inDrive Launches in Riyadh, Expanding Its Footprint in Saudi Arabia

inDrive, a global mobility and urban services platform, has officially launched its ride-hailing service in Riyadh, marking its second city launch in the Kingdom of Saudi Arabia in 2025, following a successful rollout in Jeddah earlier this year. inDrive is already operating in test mode in Riyadh, but the official …

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LuLu Hypermarket Celebrates South African Fest with a Grand Launch in Riyadh

The ‘Proudly South African’ Fest was officially inaugurated on September 10 at LuLu Hypermarket, Atyaf Mall, Riyadh, showcasing a vibrant blend of flavors, culture, and commerce. The event was graced by the esteemed presence of H.E. Mr. Mpho Parks Tau, Minister of Trade, Industry and Competition of South Africa, along …

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FedEx Opens State-of-the-Art Regional Logistics Facility in Qatar’s Free Zones

Qatar Free Zones Authority (QFZ) and FedEx Logistics, Inc., a subsidiary of FedEx Corporation (NYSE: FDX), have officially opened a new regional logistics facility at Ras Bufontas Free Zone, marking a significant step in Qatar’s emergence as a leading hub for global trade and supply chain operations. The inauguration was …

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Sahm Capital Partners with Olympian Fayik Abdi to Champion Saudi Vision and Innovation

Riyadh, Saudi Arabia – Sahm Capital, a fintech-driven financial company licensed by the Capital Market Authority, today announced the appointment of Fayik Abdi, Saudi Arabia’s first Olympic Winter Olympian, as its official Brand Ambassador. Fayik made history representing the Kingdom at the Winter Olympics, becoming a symbol of the nation’s …

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The Middle East Oil, Gas and Geosciences Show (MEOS GEO 2025) to Gather Leading Global Energy Executives and Experts

732 international speakers to participate in 130 strategic and technical sessions: Only a few days remain until the launch of the Middle East Oil, Gas and Geoscience Show (MEOS GEO 2025), which will be hosted by the Kingdom of Bahrain under the patronage of His Royal Highness Prince Salman bin …

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LG TO INTRODUCE ADVANCED AI-POWERED LIVING WITH “LG AI HOME” AT IFA 2025

LG Electronics (LG) is presenting its vision for advanced AI-powered living at IFA 2025, kicking off tomorrow in Berlin, Germany. Under the theme “LG AI Appliances Orchestra,” the company will showcase how its intelligent home solutions work together in harmony to enrich everyday life, delivering greater convenience, personalization and energy …

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Sony Expands Lineup of High-Speed CFexpress Type A Memory Cards Compatible with CFexpress 4

Sony is strengthening its portfolio of CFexpress Type A Memory Cards to accommodate the varying needs and budgets of professional and prosumer users. Two new capacity CFexpress 4 compatible cards, the CEA-G480T (480 GB[1]) and CEA-G240T (240 GB), will join the CEA-G1920T (1920 GB) and CEA-G960T (960 GB), which are …

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Ivanti Champions Digital Employee Experience (DEX) as UAE Enterprises Prioritize Hybrid Work and Cybersecurity

Ivanti, the company that breaks down barriers between IT and security to enable Everywhere Work, today announced an expanded focus on Digital Employee Experience (DEX) across the UAE and wider GCC. With enterprises accelerating digital transformation and hybrid work adoption, Ivanti’s DEX platform, powered by Ivanti Neurons provides IT and …

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