Business & Money | Thursday 12 September, 2024 9:34 am

Riyadh to Host Global PropTech Summit in October

The Real Estate General Authority (REGA) will host the inaugural Global PropTech Summit in Riyadh in October. The event will be held under the patronage of Minister of Municipalities and Housing and REGA Board of Directors Chairman Majed Al-Hogail. The National Housing Company (NHC) will serve as a ...

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Technology & IT | Monday 14 October, 2024 10:35 am

Protecting Users from Fraud with AI Deepfake Detection Technology

In recent years, AI has been the driving force behind numerous technological advancements. While these advancements have brought about numerous benefits, they have also paved a way for the creation “deepfakes”, a type of artificial but hyper-realistic digital media that can mimic individuals...

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Business & Money | Monday 14 October, 2024 9:54 am

Premium plates fetch AED69.137 million at RTA auction

Dubai's Roads and Transport Authority (RTA) secured a staggering AED69.137 million at the latest open auction of vehicle licence plates. The 116th edition of the auction featured 90 premium plates, ranging from two to five digits and including the letters AA, L, N, P, Q, R, S, T, U, V, W, X,...

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Business & Money | Monday 14 October, 2024 9:52 am

Borouge transports over 700,000 tonnes of products in first year of Etihad Rail agreement

Borouge Plc announced today that more than 700,000 tonnes of polyolefins had been transported during its first year of operations with Etihad Rail, the developer and operator of the UAE National Rail Network. Since September 2023, over 36,000 Borouge containers have been transported from a...

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Business & Money | Monday 14 October, 2024 9:50 am

Naseej Tech bags SAR 13M project from SAIP

Naseej for Technology Co. (Naseej Tech) was awarded a project by the Saudi Authority for Intellectual Property (SAIP) for SAR 12.98 million including VAT, according to a statement to the Saudi Exchange (Tadawul). As part of the contract, Naseej Tech will provide managed services...

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Business & Money | Monday 14 October, 2024 9:48 am

Riyadh Metro set to open in a few weeks: Transport Minister

Saudi Arabia's Minister of Transport and Logistics, Saleh Al-Jasser, announced that the Riyadh Metro is nearing its grand opening, which is expected to take place within just a few weeks. In an interview with Al Arabiya, Al-Jasser said that the metro is in its final stages, and the matter is...

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Business & Money | Monday 14 October, 2024 9:45 am

Saudi air freight sector sees 53% growth in 2024: GACA President

President of the General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej stressed that the Kingdom has witnessed a surge in air freight sector during 2024, as it grew by 53% compared to 2023, Saudi Press Agency reported. Al-Duailej made his remarks while participating in a ...

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Business & Money | Monday 14 October, 2024 9:43 am

Global Logistics Forum’s 1st day sees 69 deals worth over SAR 17B: Al-Jasser

inister of Transport and Logistics Services Saleh Al-Jasser announced the signing of 69 agreements worth more than SAR 17 billion on the first day of the Global Logistics Forum today, Oct. 13, Al Arabiya TV reported. One of the agreements was inked between Saudi Arabia and Egypt on...

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Business & Money | Monday 14 October, 2024 9:40 am

Amiantit signs SAR 89.5M contract to supply pipes

Saudi Arabian Amiantit Co. signed, on Oct. 13, a contract with Rawabet Al Hamroor Co. worth SAR 89.45 million (including VAT), to supply pipes, according to a statement to Tadawul. The 32-month contract includes supplying pipes for the second phase of the National Water Co.’s project of ...

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Business & Money | Monday 14 October, 2024 9:38 am

Cenomi Retail opens new Zara store in Azerbaijan

awaz Abdulaziz Alhokair Co. (Cenomi Retail) announced the opening of a new Zara store at Crescent Mall in Azerbaijan, according to a statement to the Saudi Exchange (Tadawul). This followed the opening of six new Inditex stores in 2024, at Baku’s iconic shopping destination. The Saudi...

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Business & Money | Monday 14 October, 2024 9:36 am

Schneider Electric to Boost Data Center Sustainability through Advanced AI Solutions at GITEX Global

Schneider Electric, a leader in the digital transformation of energy management and automation will spotlight its Artificial Intelligence (AI) -powered, energy-efficient solutions at GITEX Global 2024, taking place from October 14-18 at the Dubai World Trade Centre.  Schneider Electric...

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