Government | Thursday 14 December, 2023 9:30 am

IMFC selects Al-Jadaan as new Chair

Saudi Minister of Finance Mohammed Al-Jadaan was selected as Chairperson of the International Monetary and Financial Committee (IMFC) for a three-year term starting Jan. 4, 2024. Al-Jadaan will succeed Nadia Calviño, Spain's Deputy Prime Minister and Minister of Economic Affairs and Digital...

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Cars & Autos | Thursday 14 December, 2023 9:28 am

Lucid reaches 800 cars assembled in Saudi Arabia: VP

Lucid Group assembled nearly 800 electric vehicles (EVs) in its Saudi factory since its opening, said Faisal Sultan, Vice President and Managing Director of Lucid Middle East.  The cars are fully built in Arizona and are then disassembled and shipped to Saudi Arabia as a kit,...

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Business & Money | Thursday 14 December, 2023 9:21 am

MESC renews credit facilities worth SAR 171M with banks

Middle East Specialized Cables Co. (MESC) renewed its Shariah-compliant credit facilities agreement worth SAR 171 million with Saudi Awwal Bank (SAB), Al Rajhi Capital, Arab National Bank, Banque Saudi Fransi, and Riyad Bank, the company said in a statement to...

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Business & Money | Thursday 14 December, 2023 9:16 am

Saudi Arabia to offer 250,000 jobs during Expo 2030: Minister

Al Khateeb, on the sidelines of the exhibition, added that the Kingdom will provide 1,000 hotel rooms.    The Kingdom managed to offer nearly 250,000 job opportunities during the last four years, reaching 850,000 currently, compared with 600,000 jobs offered since ...

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Tourism & Hospitality | Thursday 14 December, 2023 9:14 am

NEOM unveils Utamo as newest arts, entertainment destination

NEOM’s board of directors unveiled Utamo — its newest destination for arts and entertainment, located along the Gulf of Aqaba coastline, poised to be an innovative event space to host global artists, according to a company statement.   Guided by NEOM’s unwavering commitment to...

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Business & Money | Thursday 14 December, 2023 9:12 am

Fed maintains rates, sees three-time cut in 2024

The Federal Reserve decided today, Dec. 13 to hold the interest rate steady for the third straight meeting and the fourth time since the start of the current tightening cycle in March 2022. The US central bank left its benchmark rate at a 22-year high of 5.25% to 5.50%. Fed officials...

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Technology & IT | Thursday 14 December, 2023 9:04 am

With HONOR 90, you have a real opportunity to give the perfect tech gift this gifting season

As the holiday season approaches, we are excited to introduce you to the HONOR 90, the perfect smartphone for creators to capture and share their unique vibe. With its exceptional features and innovative design, the HONOR 90 is a must-have device worth considering for the gifting...

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Business & Money | Thursday 14 December, 2023 6:52 am

DAMAC announces the UAE’s first pre-certified LEED Platinum community development

DAMAC Properties today noted that construction work is progressing steadily on its DAMAC Lagoons project, which has been named the UAE’s first pre-certified LEED Platinum community development under the Leadership in Energy and Environmental Design (LEED) Cities and Communities Rating...

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Business & Money | Thursday 14 December, 2023 2:50 am

Dubai Customs and Indonesia Strengthen Ties with CIPA, Paving the Way for $10 Billion Trade Boost

H.E. Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, together with H.E. Hussein Bajis, Ambassador of Indonesia to the UAE, affirmed that the comprehensive economic partnership agreement (CIPA) between the UAE and Indonesia enhances trade...

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Business & Money | Thursday 14 December, 2023 2:49 am

Azizi Developments’ fourth phase of Riviera advances rapidly, reaches 40% completion

Azizi Developments, a leading private real estate developer in the UAE, is advancing swiftly in the construction of the fourth phase of Riviera, comprising six buildings. Riviera is Azizi’s French Mediterranean-inspired waterfront community strategically located in the highly sought-after...

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