Business & Money | Wednesday 11 September, 2024 11:32 am

MIS wins SAR 93.7M deal with Saudi Electricity

Al Moammar Information Systems Co. (MIS) was awarded a project by Saudi Electricity Co. (SEC), for SAR 93.73 million (including VAT). In a statement to Tadawul, the company said the expected date for the contract signing is Sept. 30. The contract involves enhancing the network and...

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Business & Money | Wednesday 11 September, 2024 11:29 am

Alhokair Group says NEOM catering contract lasts 7 years

Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) said that the duration of the contract signed with Alpha Facilities Contracting Co. to provide catering services for a residential complex in NEOM extends for seven...

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Business & Money | Wednesday 11 September, 2024 11:25 am

Championed by Saudi Arabia, the DCO launches the first global GenAi Center of Excellence

The Digital Cooperation Organization (DCO) announced today at the Global AI Summit in Riyadh the launch of its Generative AI (GenAI) Center of Excellence (CoE) initiative. This groundbreaking initiative is designed to transform the role of DCO Member States to become key innovators in the global...

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Business & Money | Wednesday 11 September, 2024 11:16 am

Najm Reveals Updated Criteria and Indicators for Detecting Insurance Fraud in Traffic Accidents

Najm for Insurance Services has announced its ongoing efforts to enhance insurance fraud prevention and develop new indicators for assessing the legitimacy of traffic accidents and detecting fraud. This announcement was made during the Anti-Insurance Fraud Workshop organized by Najm last week at...

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Business & Money | Wednesday 11 September, 2024 11:10 am

Saudi events industry expected to grow from USD 2.38 billion in 2024 to USD 3.45 billion in 2029

According to a recent report by Mordor Intelligence, Saudi Arabia’s Event Management Industry is expected to grow from USD 2.38 billion in 2024 to USD 3.45 billion in 2029.  From large-scale events such as MDL Beast, LEAP, Riyadh Season, Red Sea Film Festival & F1, to upcoming...

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Business & Money | Wednesday 11 September, 2024 10:03 am

DUBAI SOUTH AWARDS AED 150 MILLION CONSTRCUTION CONTRACT FOR ITS SOUTH LIVING PROJECT

Dubai South Properties has announced the appointment of Al Turath Al Aseel Contracting for a AED 150 million contract towards the construction of South Living Tower, a luxury apartment development at The Residential District in Dubai South. The project was launched in June this year, with an...

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Business & Money | Tuesday 10 September, 2024 2:43 pm

THE PATHWAY TO NET ZERO

Ahead of FHS World later this month, industry leaders discuss what the industry is already doing and what more can be achieved From decarbonisation to data management and sustainability to staff training, ESG is at the top of the hospitality sector’s agenda. With People, Planet and Profit a...

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Business & Money | Tuesday 10 September, 2024 2:40 pm

FHS World brings together top UAE chefs for Middle East’s first Sustainable Cook-off

Top chefs from across the UAE will come under the spotlight at the region’s first Sustainable Cook-off contest, taking place at Future Hospitality Summit – FHS World at Madinat Jumeirah in Dubai, 30 September to 2 October.Celebrating the unique flavours of the UAE and culinary excellence while...

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Business & Money | Tuesday 10 September, 2024 2:16 pm

Lune Technologies and AFS Unite to Enhance Financial Data Services for MEA Banks

Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, has announced a strategic partnership with Lune Technologies, a leader in financial data analytics and enrichment based in the UAE and a key player within Dubai’s...

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Business & Money | Tuesday 10 September, 2024 11:58 am

Smart, secure, sustainable cities predicted to be the most advanced across Middle Eastern countries, says industry expert

The Middle East will be home to some of the most advanced smart cities in the next ten years, thanks to the leadership of countries in the region for their vision and focus on creating smart green cities, according to industry experts. The comments by Eng. Thamer Anwar Noori, Director,...

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