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 ...

More Details

Government | Monday 30 September, 2024 11:44 am

Saudi Arabia’s net FDI declines to SAR 11.7B in Q2 2024

Net foreign direct investment (FDI) in Saudi Arabia declined in Q2 2024 by 8% year-on-year (YoY) to SAR 11.7 billion, according to the latest report by the General Authority for Statistics (GASTAT). On a quarterly basis, net FDI surged by 23% compared to Q1...

More Details

Technology & IT | Monday 30 September, 2024 10:27 am

Discover the Revolutionary Third-generation Silicon-carbon Battery: Setting New Standards with Advanced Power Management Chip from HONOR

Today, smartphones have become indispensable tools for enhancing productivity, and battery life plays a crucial role for consumers who rely on their devices for extended periods. With a steadfast commitment to human-centric innovations, HONOR understands the significance of prolonged battery life...

More Details

Business & Money | Monday 30 September, 2024 10:27 am

Unemployment among Saudis down to 7.1% in Q2 2024

The unemployment rate among Saudis fell to 7.1% in the second quarter of 2024, compared to 7.6% in the first quarter of 2024, according to the General Authority for Statistics’ (GASTAT) labor force survey. According to data available since 1999, the unemployment rate hit an all-time...

More Details

Business & Money | Monday 30 September, 2024 10:23 am

Sharjah Chamber highlights importance of accelerating women’s economic empowerment at Sharjah-Europe Businesswomen Forum

The Sharjah-Europe Businesswomen Forum underscored the importance of accelerating women’s economic empowerment as a key driver of sustainable development.Organised by the Sharjah Chamber of Commerce and Industry (SCCI) in cooperation with the European Women’s Association (EWA), the forum...

More Details

Business & Money | Monday 30 September, 2024 10:20 am

Mohammed Bin Rashid Housing Establishment announces complete transition to cloud computing

The Mohammed Bin Rashid Housing Establishment (MBRHE) has announced a complete transition to cloud computing in a strategic move that underscores its commitment to adopt cutting-edge technologies and enhance its digital capabilities to better serve the people of Dubai.The announcement follows the...

More Details

Business & Money | Monday 30 September, 2024 10:17 am

COP28 Presidency attends UN General Assembly to mobilise global leaders to deliver on mandate of UAE Consensus, drive sustainable socioeconomic growth

This week, the COP28 Presidency attended the 79th session of the United Nations General Assembly, and New York Climate Week, to mobilise global leaders to deliver on the mandate of the UAE Consensus as a framework for keeping 1.5°C within reach. Dr. Sultan Al Jaber, Minister of Industry and...

More Details

Business & Money | Monday 30 September, 2024 10:14 am

Saudi heavy equipment market valued at $4B, says Alkhorayef

The Saudi heavy equipment market, which is valued at more than $4 billion, and the diesel generators market, which is worth $550 million, are set to see significant growth until 2030, especially with the lack of local licensed manufacturers of heavy equipment, said Minister of Industry and Mineral...

More Details

Business & Money | Monday 30 September, 2024 10:05 am

Saudi Arabia closes SAR 12B financing for 3 solar PV projects

ACWA Power, Water and Electricity Holding Company (Badeel), a wholly-owned subsidiary of the Public Investment Fund (PIF), and Saudi Aramco Power Co (SAPCO), a wholly-owned subsidiary of Saudi Aramco, announced today, Sept 29, the financial closure of three solar photovoltaic (PV) projects worth...

More Details

Business & Money | Monday 30 September, 2024 10:02 am

Miahona inks MoU for water, sewage plant development in Uzbekistan

Miahona Co. signed a memorandum of understanding (MoU) with Uzbekistan Ministry of Investment, Industry and Trade as well as Uzsuvtaminot Joint stock Co. (UJSC), according to a statement to Tadawul. This agreement entails collaboration in developing water and sewage treatment plants in the...

More Details

Business & Money | Monday 30 September, 2024 10:01 am

Sulaiman Al Habib secures SAR 1.3B loan from Al Rajhi Bank

Dr. Sulaiman Al Habib Medical Services Group Co. signed today, Sept. 29, a Sharia-compliant banking facilities agreement with Al Rajhi Bank worth SAR 1.3 billion, according to a statement to Tadawul. The facility has a 13-year term, secured by a promissory note for the full value, the...

More Details