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Tag Archives: Saudi Arabia

Zain Saudi Arabia’s full-year financial results confirms record-breaking 2015

Revenues rose 9%, reaching SAR 6,741 million for 2015 with net losses narrowing by 23%. Gross profit margin reaches 59%, reflecting a record gross profit of SAR 3,951 million. Efficiency drive and improved vendor terms sees EBITDA increase by 48% with operating losses falling by 73% year-on-year. Riyadh, 25 February, 2016 – Zain Saudi Arabia ( Zain KSA ) posted …

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Fluctuating oil prices to further boost Saudi Arabia’s ICT sector

ICT is a key ingredient of the Kingdom’s efforts to overcome the financial effects of the oil crisis and transform into a knowledge-based economy. February 25, 2016, Riyadh, Saudi Arabia – Fears over the oil crisis are not hindering the Saudi government from pursuing ambitious plans for the future development of the Kingdom. The Ministry of Finance’s summary of economic …

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Employment prospects in Saudi Arabia leap 10 percent in past year according to Monster Employment Index

Demand for healthcare candidates soars 51 percent year-on-year to January 2016. Sales, business development and human resources occupations also show strong demand. Negative growth for hospitality, marketing and purchasing and supply candidates. The number of job opportunities posted online for qualified job candidates in Saudi Arabia rose by 10 percent in the past year according to the Monster Employment Index. …

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Zain Saudi Arabia Concludes 2015 with Record Financial Results

Revenues rise 9% for year with net losses for the year narrowing by 23%. – Gross profit margin reaches 59%, reflecting a record gross profit of SAR 3,951M. – Efficiency drive and improved vendor terms sees EBITDA rising by 48% with operating losses falling by 73% YoY Zain Saudi Arabia (Zain KSA) posted record financial results for the year ended …

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Alkhabeer Capital named one of the best places to work for in Saudi Arabia for the sixth time

Alkhabeer Capital , a leading asset management and investment firm, has been named the top financial services employer in the Kingdom of Saudi Arabia by “Great Place to Work®”, and the fourth overall across all sectors in the Kingdom. Great Place to Work®, a global research, consulting and training firm, helps organizations create and sustain successful workplaces. Saudi Arabia’s Best …

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By 2030 Saudi Arabia can transform its economy, double GDP and create job opportunies for 6m Saudis

The McKinsey Global Institute released its new report Saudi Arabia beyond oil: the investment and productivity transformation. This groundbreaking, year-long study explores one of the world’s largest and one of the least understood economies in the world. While much of the outside world has focused on the very real challenges the Kingdom faces, our analysis suggests that there is a …

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Orange Business Services to discuss digital transformation and smart cities in Saudi Arabia, as Silver Sponsor

2nd Saudi-French Business Opportunities Forum, 12-13 October 2015, Riyadh. Riyadh, Orange Business Services , a global telecom operator and IT solutions integrator, and part of the Orange Group, is supporting the Saudi-French Business Opportunities Forum in Riyadh, as a Silver Sponsor. Orange has been operating in Saudi Arabia for many years and will share its plans to support the digital …

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SABB Wins Global Finance Best Consumer Internet Bank and Best Corporate/Institutional Internet Bank in Saudi Arabia

The Saudi British Bank (SABB) is named the best consumer internet bank and the best corporate/institutional internet bank in the Kingdom of Saudi Arabia for 2015, by Global Finance magazine recently. SABB won the two awards after being chosen by a world-class panel of judges based on a detailed set of criteria that included potency of digital consumer strategy, client …

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Saudi Arabia is looking to hire Software, Hardware, Telecom professionals

Monster Employment Index KSA grows 19 percent on the year. Advertising, Market Research, Public Relations, Media and Entertainment charts the steepest annual growth among industry sectors. Production/Manufacturing, Automotive and Ancillary registers the most notable decline in year-on-year hiring. Among occupation groups, Software, Hardware, Telecom registers the most notable growth in demand, year-on-year. The Monster Employment Index is a monthly gauge …

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GOIC hosts a meeting to discuss a methodology to assess the performance of Saudi SMEs

The Gulf Organization for Industrial Consulting ( GOIC ) held a meeting to discuss a project to develop a comprehensive annual methodology to assess SMEs in Saudi Arabia at the Organization’s headquarters in Doha, Qatar from the 27th till the 29th of July 2015. The Saudi Ministry of Commerce and Industry had tasked GOIC with this project. The meeting was …

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