PayTabs, Nearpay partner to boost soft POS payment experience

PayTabs, Nearpay partner to boost soft POS payment experience
Adil Riaz, head of product, Nearpay, and Eyad Musharbash, regional head and operating partner for the Levant region, PayTabs.
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Updated 05 February 2024
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PayTabs, Nearpay partner to boost soft POS payment experience

PayTabs, Nearpay partner to boost soft POS payment experience

PayTabs Group, a Saud-based payments solution powerhouse in the Middle East and North Africa region, has partnered with Nearpay, a Saudi payment infrastructure-as-a-service fintech brand, to offer users across Jordan and other PayTabs markets in the region, an elevated software point-of-sale payment experience.

The collaboration will enhance the user experience of merchants and customers that use PayTabs Touch — PayTabs proprietary soft pos application across the region, including the MEPS FAST application in Jordan. As part of its payment orchestration platform, PayTabs Soft POS technology is a modern leap in payment systems, seamlessly turning smartphones and tablets into swift payment terminals. 

This innovative solution streamlines transactions by ditching bulky hardware, empowering businesses of all scales to effortlessly process card payments.

With a user-friendly interface and robust encryption, it not only simplifies checkouts but also amplifies customer satisfaction. PayTabs Soft POS technology enables merchants to conduct transactions anywhere, from bustling city squares to remote locations. This enhancement is set to redefine the landscape of mobile payment acceptance, offering friendly and efficient solutions for small and micro businesses. Businesses who sell out of a food cart, vendors running pop-up shops or restaurants that offer table side bill payments are a key demographic for tap-to-phone payment acceptance. PayTabs Soft POS, known for its secure features and reliability, will now be powered by Nearpay’s state-of-the-art POS infrastructure.

Eyad Musharbash, regional head and operating partner for the Levant region, PayTabs, said: “Two Saudi fintech brands are joining hands to power contactless payments in the region. We are excited to collaborate with Nearpay to introduce this elevated soft POS experience to our users. The integration of ‘tap-to-phone’ technology into PayTabs Touch will not only streamline payment processes for businesses but also offer millions of customers a modern and secure payment option.”

Mohammad Aleban, CEO and co-founder, Nearpay, added: “We’re excited about our partnership with PayTabs. Integrating Nearpay’s ‘tap-to-phone’ technology into PayTabs Touch is a game-changer, streamlining payments for businesses and offering users a modern, secure option. This collaboration sets new standards for contactless payments, reflecting Nearpay’s commitment to transforming the payments landscape.”


Ericsson, iot squared to transform Saudi Arabia’s waste landscape

Ericsson, iot squared to transform Saudi Arabia’s waste landscape
Updated 02 March 2024
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Ericsson, iot squared to transform Saudi Arabia’s waste landscape

Ericsson, iot squared to transform Saudi Arabia’s waste landscape

Ericsson and stc Group’s iot squared signed a memorandum of understanding at the Mobile World Congress 2024 in Barcelona, Spain to offer the Ericsson Connected Recycling platform as a software-as-a-service in Saudi Arabia. The partnership will increase awareness of the importance of waste management and contribute to shaping a more sustainable future in the country.

Ericsson Connected Recycling is an end-to-end platform that addresses the environmental impact of waste by digitizing the reverse supply chains to enable optimization, comprehensive traceability and transparency, and the possibility to monetize waste. The key is safeguarding the world’s natural resources by turning waste into recycled raw materials rather than putting them in landfills or burning them.

The platform also has a powerful sustainability reporting feature that provides valuable recycling insights that can optimize operations and empower circularity. It can integrate and orchestrate external data sources, store data safely and offer powerful big data management, which enables insightful data visualizations and efficiencies in the value chain.

As part of the MoU, Ericsson and iot squared will offer ECR in the Kingdom for several waste streams, with an initial launch to address municipal solid waste.

Othman Aldahash, chief executive officer of iot squared, said: “Our mission is to provide organizations with real-time insights for critical decision-making and intelligent operations. Ericsson Connected Recycling is a platform that complements iot squared’s mission as well as our ambition to transform the Kingdom of Saudi Arabia’s technological landscape with Internet of Things solutions to achieve sustainability in line with Saudi Green Initiative.”

Håkan Cervell, vice president and head of customer unit, stc, Saudi Arabia and Egypt at Ericsson Middle East and Africa, said: “Ericsson is building a better future today. The Ericsson Connected Recycling platform promotes circularity, innovation, and sustainability by digitizing and tracing several waste streams with an initial launch of municipal solid waste in the Kingdom of Saudi Arabia. This transparent approach connects buyers and sellers of waste and recycled raw material, fostering a more sustainable economy in the country, aligned with the Saudi Green Initiative. We are proud to partner with iot squared to make this a reality.”

Ericsson Connected Recycling is an incubation unit within Ericsson ONE — an internal accelerator for Ericsson employees with pioneering new business ideas.


Crate & Barrel and CB2 flagship stores open in Jeddah

Crate & Barrel and CB2 flagship stores open in Jeddah
Updated 02 March 2024
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Crate & Barrel and CB2 flagship stores open in Jeddah

Crate & Barrel and CB2 flagship stores open in Jeddah

Majid Al-Futtaim Lifestyle, a leader in lifestyle retail across the GCC, has announced the opening of Crate and Barrel and CB2 in Red Sea Mall, Jeddah, marking the first side-by-side store for the sister brands outside the US. Connecting customers to designers worldwide, the stores are set to provide dynamic collections curated for Jeddah residents, featuring indoor and outdoor furniture, tableware, kitchenware, décor, accessories, rugs, and bed and bath items.

The openings mark the second store for both Crate and Barrel and CB2 in the Kingdom, following the success of the Riyadh-based stores, which saw a 27 percent growth since opening in 2022. The regional expansion is a continuation of the upward growth trajectory initiated by the brands’ partnership with Majid Al-Futtaim Lifestyle, which launched in 2017 and also includes three Crate and Barrel stores and the region’s first CB2 store in the UAE.

Fahed Ghanim, CEO of Majid Al-Futtaim Lifestyle, said: “We are thrilled to open our second stores for Crate and Barrel and CB2 in Saudi Arabia and bring these world-class brands to Jeddah residents. This move represents a significant milestone in our journey as we continue to elevate our home category across the region.

“The dual openings also underscore our commitment to expansion into the Kingdom, ensuring that our valued customers in Saudi Arabia have access to globally sought-after brands and the latest design trends.”

Renowned globally for its modern furniture, textiles, kitchenware, and home decor, Crate and Barrel offers exclusive designer collaborations with Jake Arnold, Leanne Ford, Athena Calderone and Molly Baz. The new 1,400-square-meter Jeddah store has a dedicated space for Crate and Kids, showcasing children’s decor, toys, furniture, accessories, and bed and bath items.

Meanwhile, CB2’s 630-square-meter store invites customers to explore collections featuring design-forward collaborations with designers such as Gianfranco Frattini and Lawson-Fenning, as well as a seasonal assortment of CB2 exclusives.

Sarah Sullivan, senior director of international operations at Crate and Barrel Holdings, said: “As we celebrate the grand opening of the Crate and Barrel and CB2 stores in Jeddah, we are delighted to see a growing demand for our brands in the region, a testament to the successful partnership with Majid Al-Futtaim Lifestyle.”

We look forward to curating inspiring spaces for Jeddah residents, introducing exclusive collaborations, and weaving our brands into the fabric of the community.”

Both brands also provide an online shopping option through local platforms.


With ambitious expansion strategy, Dallah Health eyes leadership in Saudi healthcare sector

 With ambitious expansion strategy, Dallah Health eyes leadership in Saudi healthcare sector
Updated 02 March 2024
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With ambitious expansion strategy, Dallah Health eyes leadership in Saudi healthcare sector

 With ambitious expansion strategy, Dallah Health eyes leadership in Saudi healthcare sector

Dallah Healthcare, operating as Dallah Health, is pursuing an ambitious strategy to become the premier provider of health care services for citizens and residents in the Kingdom. It also aims to enhance the Kingdom’s position as a global medical tourism destination by its commitment to maintaining the highest standards of quality in service delivery and patient safety.

As part of its expansion across various cities in the Kingdom, Dallah Health has signed a memorandum of understanding with Ayyan Investment, to acquire stakes in Al-Ahsa Medical Services Company, which owns Al-Ahsa Hospital in Al-Ahsa, representing 97.4 percent of the company’s capital. It has also acquired stakes in Al-Salam Medical Services Company, which owns Al-Salam Hospital located in Alkhobar, representing 100 percent of the company’s capital. These acquisitions aim to expand Dallah Health’s operations, which will contribute to enhancing the company’s geographic reach, improving the efficiency of medical services, and developing its healthcare service system.

Dallah Health has previously announced the signing of an MoU with International Medical Center Company, a subsidiary of Dallah, and with Dar Al-Handasa for the design of a new integrated hospital project in the northern part of Jeddah, encompassing various medical specialties.

Dallah Health owns a 27.18 percent stake in International Medical Center, which operates the International Medical Center Hospital and First Clinic Complex in Jeddah. Dallah is also a partner in the Specialized Clinics Project and the Day Surgery Center in Makkah, which is expected to open in the fourth quarter of 2024. These strategic investments and partnerships are in line with Dallah Health’s pursuit of medical leadership in the private sector. By expanding its investments in the healthcare services sector across Saudi Arabia, the company is actively contributing to achieving the goals of Vision 2030 for the advancement of the healthcare sector.


Wallan Investment Company celebrates Lotus Technology’s debut on Nasdaq

Wallan Investment Company celebrates Lotus Technology’s debut on Nasdaq
Updated 29 February 2024
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Wallan Investment Company celebrates Lotus Technology’s debut on Nasdaq

Wallan Investment Company celebrates Lotus Technology’s debut on Nasdaq

Wallan Investment Company — a subsidiary of Wallan Holding — was invited by Lotus Technology to present the Nasdaq Stock Market opening bell at the Nasdaq Tower in New York, US. Celebrating Lotus Technology’s debut on the Nasdaq exchange, the ceremony marked a significant milestone for Wallan Investment Company, as Wallan Trading will become the luxury brand’s official representative in Saudi Arabia. 

Under the iconic British brand “Lotus,” Lotus Technology is a pioneering luxury battery electric vehicle maker that designs, develops, and sells luxury lifestyle vehicles. Fusing proprietary next-generation technology built on world-class research and development capabilities and an asset-light model, the company is breaking new ground in electrification, digitization, and intelligence. 

Lotus Technology is renowned for its expertise in manufacturing and developing high-end electric cars with advanced battery, energy management, electronic control systems, smart driving, and smart manufacturing technologies. It is also known for its impressive racing history spanning over seven decades, and it represents the gold standard in luxury sports cars, setting market-leading standards in performance, design, and engineering.

Fahad Al-Wallan, chairman of Wallan Holding, represented the company at the ceremony, with Lotus Technology CEO Qingfeng Feng ringing the opening bell. Lotus Technology was listed under the stock ticker symbol “LOT.”

Al-Wallan said: “I could think of no greater or more fitting way for Lotus Technology to enter such an exciting, new phase of its history. Nasdaq’s opening bell ceremony has become iconic over the years, ushering in eras of sustained prosperity for countless companies and enterprises across a range of sectors. We are proud to join this long and esteemed list, through our investment arm’s — Wallan Investment Company — stake in Lotus Tech. Lotus Technology’s listing on the Nasdaq stock exchange paves the way for sustainable growth, aligning with the company’s transformation strategy and increased investments in innovative products..”

He added: “As demonstrated by our partnership with Lotus Technology, Wallan Investment Company is fully committed to investing in the world’s most innovative and future-focused enterprises. We have developed a diverse and comprehensive portfolio, uniquely curated to deliver the highest return on investments, bolstering our revenues and the wider Saudi economy.”

Wallan Trading Company, a subsidiary of Wallan Holding, is one of the oldest companies in the Kingdom’s automotive sector. With over 45 years of experience, it provides high-quality products and services to its customers. The company represents major global automobile manufacturers such as Hyundai, Genesis, Geely, Renault, and Zeekr. It actively seeks investment opportunities and aims to meet the diverse needs of its customers.


J&J MedTech launches direct operations in Kingdom

J&J MedTech launches direct operations in Kingdom
Updated 28 February 2024
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J&J MedTech launches direct operations in Kingdom

J&J MedTech launches direct operations in Kingdom

Johnson and Johnson Medical Saudi Arabia Limited, a provider of high-tech medical and surgical equipment, has announced the establishment of its direct operations in the Kingdom. This comes as a strategic move to bring customers closer to the Johnson and Johnson legacy, facilitating a more streamlined experience.

A significant milestone, this move reflects the company’s continued investment in the future of Saudi healthcare and its commitment toward enhancing medical interventions and improving clinical outcomes.

The new direct model will give J&J MedTech greater control over the customer experience, ultimately translating into better patient outcomes. Key benefits of the newly established direct model include consistent service quality, centralized product source adhering to Johnson and Johnson’s quality standards, faster response times to customer concerns, improved tracking and product visibility, and increased scope of collaborations, among others. This milestone reflects Johnson and Johnson’s relentless commitment to providing communities across the world with the best in healthcare. The go-to-market model transformation is a pivotal moment in the company’s history.

Marzena Kulis, managing director of J&J MedTech for Middle East and Africa, said: “We remain deeply vested in Saudi Arabia and in contributing to Vision 2030 to support in developing the healthcare sector, driving economic growth, nurturing local talent, and fostering innovation. As an entity, Johnson and Johnson has been present in Saudi Arabia for nearly 40 years, putting the needs of patients, families, physicians, and nurses first, and functioning as advocates for the health of the Saudi community. As we transition into this new direct model, I truly believe that our esteemed partners will have fewer obstacles in providing the best care for their patients.”

Furthermore, aligned with J&J MedTech KSA’s mandate to support the government’s Saudi nationalization scheme or Nitaqat, the GTM model transformation has created multiple job opportunities for Saudi nationals. In addition to this, Johnson and Johnson supported 345 direct jobs in Saudi Arabia in 2022, primarily in the fields of marketing and sales, and for every direct job supported by Johnson and Johnson in the Kingdom, an additional 2.5 jobs are supported in the country.

Trad Al-Khelaiwi, general manager of J&J MedTech KSA, added: “As a company that is dedicated to fostering local talent, our direct operations are also aimed at creating more opportunities within the Kingdom and supporting the government’s Saudization efforts. In fact, since the start of the project, we’ve made 76 new hires — with our priority and majority being Saudi nationals. I have no doubt that this transformative shift will bring our customers closer to Johnson and Johnson’s exceptional quality standards and develop the local healthcare market with international know-how. We will continue to work toward the benefit of healthcare in Saudi Arabia and our communities at large.”

Commenting on the strategic move, Peter Lane, transformation director at J&J MedTech, said: “By taking this bold step, we are not only embracing the health goals of Vision 2030 and aligning with the Health Sector Transformation Program, but also spotlighting the immense potential of local talent in driving innovation and progress. This strategic move exemplifies our commitment to enriching the healthcare sector in the Kingdom, fostering a global collaborative approach that synergizes with the nation’s aspirations for a healthier and prosperous future.”