Business & Money | Monday 15 July, 2024 1:45 pm

Global Market Research: Data decision makers across UAE and KSA reveal their stance on GenAI

 Generative AI (GenAI) is here to stay. Organizations around the world are enthusiastically using and investing in the technology. A recent global study conducted by SAS and Coleman Parkes targeted data decision makers across key regions, including the UAE and KSA.  The current state ...

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Business & Money | Monday 15 July, 2024 11:43 am

Snap Inc. announces Abdulla Alhammadi as new Managing Director in Saudi Arabia

In a strategic move to continue its success in Saudi Arabia, Snap Inc. announced today the appointment of Abdulla Alhammadi as Managing Director in KSA. Previously the Regional Business Lead at Snap, Alhammadi will transition into his new role where he will be based in KSA to support the growth of...

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Business & Money | Monday 15 July, 2024 11:38 am

Ministry of Energy and Infrastructure, Emirates Transport to support green mobility

The Ministry of Energy and Infrastructure (MoEI), represented by UAEV, and Emirates Transport will cooperate in installing and operating EV charging stations at Emirates Transport buildings. The move aligns with UAEV’s mission of supporting the shift to green mobility and contributing to the ...

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Business & Money | Monday 15 July, 2024 11:10 am

Saint-Gobain Construction Chemicals Strengthens Its Presence in The United Arab Emirates

Saint-Gobain Construction Chemicals, through its Chryso subsidiary, has completed the acquisition of WinChem Middle East Chemical Industries LLC ("WinChem"), a manufacturer and supplier of concrete admixtures serving the construction industry in the United Arab Emirates. Established in 2014,...

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Business & Money | Monday 15 July, 2024 11:08 am

Azizi Developments partners with Unigulf Development for Azizi Venice and Riviera

Azizi Developments, a leading private developer, has signed an agreement with UAE-based company Unigulf Development for the supply of high-quality soft thermal insulation material for its mixed-use Dubai South development, Azizi Venice, and the fourth phase of its mega-project, Riviera, located in...

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Sports | Monday 15 July, 2024 11:03 am

Selangor Red Giants dedicate Mobile Legends: Bang Bang triumph to fans who traveled from across the world to support them in Saudi Arabia

Selangor Red Giants dedicated their Mobile Legends: Bang Bang trophy win at the Esports World Cup on Sunday to all the fans who came to Saudi Arabia from across the globe to cheer them to victory.  The Malaysian side beat Saudi Arabian/Philippines outfit Team Falcons AP Bren 4-3 in an...

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Business & Money | Monday 15 July, 2024 10:17 am

ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach

ADNOC Gas plc today announced the award of engineering, procurement and construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement "ESTIDAMA Project". Separately, ownership of ESTIDAMA is being transferred from ADNOC Gas to ADNOC, thereby significantly...

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Business & Money | Monday 15 July, 2024 10:13 am

27 firms list shares on Nomu, 3 move to TASI: Kafalah

The Small and Medium Enterprises Loan Guarantee Program (Kafalah) supported almost 27 medium-sized companies to list shares on the Nomu-Parallel Market, CEO Homam Hashem told CNBC Arabia. Three of these companies have transitioned to the Main Market (TASI). Since its launch in 2006 until...

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Business & Money | Monday 15 July, 2024 10:10 am

Saudi Arabia tops MENA for venture capital investment in H1 2024

Saudi Arabia has taken the top rank across MENA in terms of the amount of venture capital (VC) funding in H1 2024, with about $412 million, according to venture data platform MAGNiTT.   The Saudi venture investment market began the year in line with its performance in H1 2023, with...

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Business & Money | Monday 15 July, 2024 10:08 am

Diriyah Club ownership transferred to PIF

Diriyah Company announced that the ownership of Diriyah Club has been now transferred to Diriyah Company, owned by the Public Investment Fund (PIF). Crown Prince Mohammed bin Salman has been named as Chairman. On its X platform, the company said the ownership has been transferred in line with...

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