The Saudi British Bank sponsored the Global Entrepreneurship Congress, which was held under the patronage of Prince Mohammed bin Salman, crown prince, deputy prime minister, and chairman of the Council for Economic and Development Affairs. The event was organized by the General Authority for Small and Medium Enterprises (Monsha’at) from March 27 to 30, at King Abdulaziz International Convention Center and the Ritz-Carlton hotel, Riyadh.
During the opening ceremony, Minister of Commerce Dr. Majid Al-Qasabi honored SABB in recognition of its contributions to the success of the congress, held under the slogan “We Reinvent, We Renew.”
The event, held in cooperation with the Global Network for Entrepreneurship, comprised an exhibition and a series of workshops, which included a group of entrepreneurs, investors, experts and decision-makers from different parts of the world, to discuss sustainable solutions and build a unified global system of entrepreneurship.
Majed Najm, deputy managing director of corporate and institutional banking at SABB, said: “We are proud to sponsor this major global conference that is truly transformative in the field of entrepreneurship, especially since this congress bears witness to the Kingdom’s achievements in the field of entrepreneurship, by providing the ideal environment for new businesses, and its success in facing the economic challenges imposed by the pandemic.”
He added: “We consider our participation in this congress as an extension of our strategic partnership with the General Authority for Small and Medium Enterprises in order to support the small and medium enterprise sector, as one of the most important drivers of economic growth. We also aim to stimulate the economy, develop promising business sectors, and find solutions to achieve sustainable development in line with the Kingdom’s Vision 2030.”
SABB is actively participating in numerous initiatives that support the growth and development of the entrepreneurial sector, especially the small- and medium-sized enterprises, offering a variety of customized banking, financing, and investment products and services.
Saudi telecom operator Etihad Etisalat Company, better known as Mobily, has announced that the Etihad Fintech Company, or Mobily Pay, has been licensed by the Saudi Central Bank (SAMA) to conduct payments and e-wallet services, offering a range of financial solutions to individuals and corporates.
The announcement came on the sidelines of the recent Global Entrepreneurship Congress, held in Riyadh under the patronage of Crown Prince Mohammed bin Salman.
The licensing of Mobily Pay by SAMA aligns with the telecom giant’s strategy to diversify its services and business portfolio across industries, with fintech being a key pillar of the strategy.
Mobily Pay, as per the license, will offer users digital financial services, including sending and receiving money transfers within Saudi Arabia and abroad, bill payments and bank card issuance. The new service aims to optimize customer experience by offering user-friendly, efficient, and convenient digital channels to conduct financial transactions.
“We express our utmost gratitude to the Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman, for the multitude of programs and initiatives that are boosting the growth and progress of the Saudi economy, such as the Financial Sector Development Program as part of Vision 2030,” said Salman Al-Badran, CEO of Mobily. “I would also like to thank Fahad Al-Mubarak, governor of the Saudi Central Bank; Dr. Fahad Ibrahim Al-Shathri, deputy governor for supervision; as well as the Department of Supervision of Payment Systems and Companies at SAMA for their unlimited support and cooperation to fintech companies.”
Mobily Pay is a wholly owned subsidiary of Mobily, established to address customers’ needs by offering comprehensive individual and corporate fintech solutions. Mobily Pay solutions are set to be made available to all customers across the Kingdom through major app stores on smart devices, with more details about the launch of the company’s offerings coming soon.
“At Mobily, we set our strategy based on various digital transformation channels, striving to further drive the digitization and modernization efforts in Saudi Arabia as part of Vision 2030. The licensing of Mobily Pay is an indication of us being on the right track of growth and development across various industries, to support the Kingdom’s achievements in the fields of communication and technologies, while embodying Mobily’s capabilities to offer new and innovative services in telecom and fintech,” added Al-Badran.
Incorporated in 2005, Mobily operates one of the largest wireless networks by coverage in Saudi Arabia and one of the largest data center systems worldwide.
Jaggaer, a US-based provider of cloud-based business automation technology, has announced the expansion of its regional footprint with the opening of the company’s new office in Riyadh.
As part of Jaggaer’s growth within the Middle East, the new office in the Saudi capital will have a team responsible for supporting customers and developing new business within the Kingdom. In addition, Jaggaer has also invested significantly in a local data center allowing the company to host data within the Kingdom, a prerequisite in Saudi Arabia and placing the company in a unique position ahead of its competitors.
Hany Mosbeh, general manager, Jaggaer Arabia, said: “Jaggaer has maintained a permanent presence in the Middle East since 2000 and we recognize digital transformation is at the core of Saudi Arabia’s vision for a smart economy, and this is something we believe we are well placed to support.
“Through our cutting-edge technology, we provide the perfect solution to align enterprise buyers with dependable sources of supply, greater selection, and lower prices with suppliers via a continuous stream of smart-match recommendations.”
According to research from the International Data Corporation, overall spending on information and communications technology in Saudi Arabia topped $32.9 billion in 2021, as emerging technologies continued to play a critical role in the post-pandemic digital economy with the government, finance and communications sectors spending heavily in IT, including mobile devices, storage, hardware, systems, and software.
Furthermore, the Saudi government’s Vision 2030 program will increase focus on the digital economy as part of the country’s economic diversification to reduce dependency on oil sales.
Earlier this year, Jaggaer revealed its vision for the future with autonomous commerce set to overcome the challenges surrounding supply chain disruptions, material scarcity and the global talent shortage.
With more than 5 million global suppliers on its Enterprise Commerce Network and $500 billion worth of goods flowing through its network, Jaggaer provides enterprise buyers access to a myriad of sources of supply that are tightly aligned with their specific needs.
“The decision to expand into the Saudi market is the next logical step in our regional growth strategy. We recognize there is a growing appetite within the country to adopt the latest technology to ensure seamless purchasing and selling. This marries well with our vision for autonomous commerce, which we recently launched, whereby buying crucial goods or services for your business is as easy as shopping online,” added Mosbeh.
Jaggaer currently works with a range of customers in Saudi Arabia, including Gulf Health Council, Riyadh Airports and ACWA Power.
RIYADH: Project Management Institute, a global association for project professionals, is calling on world leaders, change-makers and the international business community to join forces to further drive the world’s shift toward a more sustainable future.
PMI is part of The Big 5 Saudi Construction Leadership Summit taking place from March 28 to 31 as a thought leader, bringing insights on how project professionals have a critical role to play in addressing the future of work and solving the world’s most pressing challenges.
Over the course of this summit, stakeholders will have the opportunity to hear from PMI thought leaders and project professionals who are not accepting pessimism as an option in the face of the most urgent, long-term trends around the globe, including everything from climate change to shifting demographics to the latest breakthroughs in technology like artificial intelligence. Instead, they are at work re-imagining the future through the power of projects, empowering project professionals and changemakers to make ideas into reality by embracing bold new solutions.
Grace Najjar, managing director of PMI MENA, moderated a session focused on driving impact through sustainable development and environmental leadership in Saudi Arabia’s built environment. Discussions covered the range of initiatives in construction contributing to the UN’s Sustainable Development Goals and how the Kingdom’s construction sector is developing climate solutions and detailing the steps the country’s built environment is taking to scale up and unite efforts to reduce carbon emissions. Her session also outlined the various ways in which project stakeholders are embedding environmental leadership into project plans.
When asked about her participation at the event, Najjar said: “PMI has developed an impactful program designed with leading industry experts, such as Saudi Aramco to address the pain points and key challenges faced by construction professionals. This is an example of how we are bringing solutions and equipping construction organizations with the knowledge to navigate the industry’s experiments with technology such as artificial intelligence, drones, robotics, and cloud storage.”
The 2022 edition of The Saudi Big 5 Leadership Summit is bringing together the biggest brands, organizations and thought leaders in global construction to discuss the future of the industry.
Najjar also presented a session on the “Impact of the Digital Age on the Future of Work,” where she provided actionable insights on how individuals and organizations can equip themselves with new strategies and tap into the potential of future leaders that the world is seeking.
LuLu Hypermarket has unveiled a number of special Ramadan offers and discounts that aim to bring ease and convenience to shoppers.
The retail giant has introduced pre-packaged Ramadan kits with all the essentials; these easy-to-pick-up kits come in two sizes, priced at SR99 ($26) and SR199, respectively.
For the duration of the holy month, LuLu will launch traditional food stations, themed Meat Fest, Dates and Nuts, Ramadan Nights, and Sweet Treats — Dessert Festival. Moreover, a new concept, Souk Al-Fawakeh, will offer customers fresh fruits and vegetables in bulk packages at competitive prices. These packages feature 30 exotic fruits for the entire month.
Shehim Mohammed, director of LuLu Hypermarket, Saudi Arabia, said: “We have launched offers on products and Ramadan kits to make grocery shopping easier and more convenient. Our promotion sections in stores are fuller and wider with lots of product essentials offered with great discounts. The same offers are also available in our online shopping with deals and promotions to ensure safe shopping for those who do not want to buy from stores.”
Collaboration with Saudi Food Bank
In partnership with the Saudi Food Bank, LuLu is giving its shoppers several opportunities to do good and earn rewards in the holy month. LuLu will launch iftar boxes featuring convenient packs of post-fasting essential meals that customers can buy for SR15 or SR99 each. There is also an option to donate that amount, which will be used by the Saudi Food Bank to distribute iftar boxes to the needy. Additionally, in line with the spirit of giving in the holy month, LuLu has launched Ramadan-themed cards that will provide a unique shopping experience for customers. These cards can be availed for iftar or sahoor. The cards are priced at SR15, which can be used for a day, and SR150, which can be availed for 60 days.
Collaboration with Saudi Post
For those who want to gift goodies to their family and friends, LuLu has unveiled themed Ramadan boxes. Customers can select their goodies and curate their boxes. The boxes can be sent anywhere in the world through Saudi Post; LuLu has arranged a 10 percent discount on courier charges for this service. For the convenience of shoppers, there will be a Saudi Post booth in LuLu stores across Riyadh, Jeddah and Alkhobar, through which they can mail the gift boxes.
Catering to new lifestyles
LuLu is also introducing special keto and vegan iftar dishes for customers with specific diet requirements. As for the health-conscious shoppers, LuLu has got them covered too.
Ramadan souq will feature the best deals in the home, kitchen and decor departments. In addition, the Ramadan Home festival will feature attractive offers on kitchen and home appliances.
E-receipts make it easier for customers to keep track of their invoices by serving as digital evidence for their warranties. By making the receipts digital, LuLu intends to give customers a better shopping experience. The aim is to also follow a sustainable model where the environment is not adversely affected.
Exclusive online discount
Customers can avail a 30 percent discount on their total bills when exclusively shopping online. This is applicable on all Fridays and Saturdays of April. A maximum of SR75 can be availed for all orders above SR100.
LuLu will also participate in the “Year of Saudi Coffee” initiative launched earlier this year by the Ministry of Culture, by promoting the aromatic Saudi coffee (prepared powder and beans) during Ramadan.
Saudi Minister of Health Fahad Al-Jalajel honored on March 27, the recipients of the Patient Experience Excellence Awards in its third edition. The award aims to spread the concept of human-centric healthcare and motivate healthcare providers and their leaders to build a culture of partnership and empathy with patients.
The general director of health affairs in Najran, the executive director of Al-Mousa Specialist Hospital in the Eastern Province, and the director of King Faisal Medical Complex in Taif, were awarded the excellence awards in the Effective Leader category.
Meanwhile, the awards for the Most Inspirational Story were won by Badr General Hospital, King Khalid Hospital in Najran, and King Abdulaziz Specialist Hospital in Taif.
In the Health Heroes track, the excellence awards were won by King Khalid Hospital, Prince Sultan Health Services Center in Al-Kharj, Taif Obstetrics Hospital, and Sarat Ubaidah Hospital in the Asir region.
Al-Jalajel also honored the Hail Health Assembly and the Directorate of Health Affairs in the northern border region for their success in deploying beneficiary feedback data to develop patient experience.
The minister also honored King Khalid Hospital in the Hail region, the General Directorate of Health Affairs in the Asir region, and Riyadh’s first Health Cluster, for winning the excellence award in the track of Effective Advisory Councils.
Dr. Turki Al-Hamaidani, director general of the Patient Experience Center, said in a speech during the ceremony: “We gather today to appreciate improvements in patients’ experiences both in public and private health facilities. Our focus is to highlight paths that contribute to strengthening this principle and make improving the patients’ experience a top priority.”
Ayat Al-Ghamdi, director of the Patient Experience Excellence Awards, said the award comes in line with the Kingdom’s Vision 2030, which seeks to raise the level of health services. She added that the award sought to promote a culture of empathy and improve communication between service providers and beneficiaries, which positively affects their satisfaction.
She pointed out that a new track has been introduced this year to honor “Health Heroes” who bravely fought the COVID-19 pandemic.
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