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Egyptian Health Tech to Save Saudi Lives After Acquisition

CAIRO: Saudi Arabia’s health care sector has gained a new entrant from Egypt aimed at addressing the challenges posed by delayed medical reports and improving patient outcomes.  Founded in 2017, Rology has secured its position in the Saudi market after sealing the acquisition of its counterpart Arkan United.  In an interview with Arab News, Amr Abodriaa, CEO and co-founder of Rology, expressed the significance of this move in establishing a leading position in the Saudi market. 

Saudi Industry Minister’s Investment Tour in Germany Continues

RIYADH: German investment in the Saudi mining sector was one of the key topics of discussion when the Kingdom’s industry minister met with a leading Bavarian politician. Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks with Roland Weigert, vice minister in the Bavarian Ministry of Economic Affairs, Regional Development and Energy, as part of his visit to Germany.

Saudi start-up wins Visa award for digital finance

RIYADH: A Riyadh start-up has won top prize in a Visa-sponsored competition that seeks to improve digital shopping. Amwal Tech, which was set up last year, came top in the Saudi heat of the Visa Everywhere Initiative, taking a SR150,000 ($40,000) prize for its all-in-one encrypted transaction and identity app that processes payments quickly and safely. Lamaa, a Saudi financial tech firm, was runner-up with prize money of SR100,000, and also won a separate “social impact award” with a SR50,000 prize. Monak, a “digital lifestyle” company, came third and won SR50,000.

Bank of China to launch in Riyadh in 2021, confirms official

RIYADH: In yet another sign of increasing cooperation between the world’s second-largest economy and the Arab world, the Bank of China is set to open its first branch in Riyadh later in 2023, reported Asharq. It quoted Jun Tian, head of the team for the launch, as saying that the bank’s branch in the Saudi capital is expected to begin operations by the end of October or at the beginning of November.

Paris Event Showcases Gulf Business: The French Connection

PARIS: A landmark two-day business event showcasing opportunities for commercial partnerships between France and the Gulf states begins in Paris on Tuesday. Vision Golfe is a new platform promoting business cooperation in high-growth potential markets in both private and public sectors, such as trade, sports, culture, energy and the environment. Key economic players, government ministers, small business managers, start-ups and senior executives will have the opportunity to meet and exchange views.

NEOM’s Green Hydrogen Project Receives Saudi Arabia’s First Sustainable Guarantee

RIYADH: Saudi Arabia’s green hydrogen project being developed at NEOM received the Kingdom’s first sustainable guarantee from the British bank, Standard Chartered, which agreed to extend funding support for its contractor Larsen & Toubro to build the necessary renewable energy infrastructure.  Located at Oxagon, the world’s largest green hydrogen plant is being built by NEOM Green Hydrogen Co., which is an equal joint venture between ACWA Power, Air Products and the $500-billion giga-project.

PwC ME opens new HQ in Riyadh

RIYADH: PwC Middle East, a leading professional services firm in the region, officially inaugurated its regional headquarters in Riyadh on Wednesday. This move demonstrates the company’s commitment to the region, including creating 6,000 new jobs and continued investments in digital technology, environmental, social, and governance capabilities. PwC Middle East obtained its regional headquarters license from Saudi Arabia's investment and commerce ministries.

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