Business & Money | Wednesday 6 September, 2023 1:45 pm

ADEX signs US$100m line of credit agreement with National Bank of Egypt to boost Emirati exports

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a financing agreement with the National Bank of Egypt (NBE), reinforcing trade and economic relations between the UAE and Egypt. This landmark collaboration solidifies the longstanding...

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Environment & Energy | Wednesday 6 September, 2023 1:42 pm

NWC completes main water pipeline project under Phase I of Riyadh City Water Strategic Plan at SR +84m

The National Water Company (NWC) announced the recent completion of the construction of main water pipelines with various diameters and a length of more than 34 kilometers. The total cost was more than 84 million Saudi Riyals to support the daily distribution system in the north of Riyadh. The ...

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Business & Money | Wednesday 6 September, 2023 10:57 am

Emirates NBD launches Sustainable Finance Framework

As part of its long-term commitment to sustainability, Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has launched its Sustainable Finance Framework. The new Framework allows for the issuance of green and sustainable debt instruments to ...

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Technology & IT | Wednesday 6 September, 2023 10:18 am

HONOR's V Purse: A Fusion of Fashion and Tech Redefining the Future of Lifestyle

Over the last 15 years, the widespread adoption of smartphones has indelibly changed the world, giving us access to a universe of information at our fingertips. As a human-centric brand, HONOR remains steadfast in its mission to break the boundaries of technology and explore the possibilities of...

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Business & Money | Wednesday 6 September, 2023 9:43 am

Azizi Developments and Siemens sign MoU to achieve UAE’s sustainability goals

Azizi Developments, a leading private developer in the UAE, has signed an MoU with Siemens, the German technology company, to further the energy efficiency of its smart buildings and to thereby work towards a more sustainable, net-zero future. As part of this newly-formed collaboration,...

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Environment & Energy | Wednesday 6 September, 2023 9:40 am

Saudi Arabia extends voluntary cut of 1 mln bpd for additional 3 months

Saudi Arabia extended the voluntary oil cut of one million barrels per day (bpd) for additional three months until December 2023, Saudi Press Agency reported, citing an official source from the Ministry of Energy. The cut was implemented in July and was extended to include August and...

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Environment & Energy | Wednesday 6 September, 2023 9:34 am

Maaden wins 2 mining exploration licenses

Saudi Arabian Mining Co. (Maaden) was awarded two exploration licenses for Muhaddad and Ar Ridaniyah mining sites, the Ministry of Industry and Mineral Resources said in a statement.    This is part of the Accelerated Exploration Program initiative launched by the...

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Business & Money | Wednesday 6 September, 2023 9:29 am

Cenomi Centers sells land plot in Al Ahsa for SAR 70.7 mln

Arabian Centres Co. (Cenomi Centres) announced the completion of selling a land plot located in Granada District of Al Ahsa on Prince Miteb Road, directly adjacent to King Abdullah Road, valued at approximately SAR 70.7 million.  According to a statement on Tadawul, Cenomi...

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Technology & IT | Wednesday 6 September, 2023 9:25 am

Digital privacy dilemma: 73% of users in Saudi Arabia do not post photos with spouses and partners

According to the Digital Superstitions survey by Kaspersky*, more than half of the respondents in Saudi Arabia (73%) do not post photos with their partners or spouses on social networks. Kaspersky is shedding light on how users feel about posting photos with their loved ones. Posting personal...

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Technology & IT | Wednesday 6 September, 2023 9:23 am

New Report Unveils Initiatives for Digital Transformation of SMEs in Saudi Arabia

The Centre for the Fourth Industrial Revolution- in the Kingdom of Saudi Arabia (C4IR-KSA) and the World Economic Forum (WEF) have jointly with the Saudi Ministry of Industry and Mineral Resources (MIM) and the Saudi Authority for Industrial Cities and Technology Zones (MODON) and Arthur D. Little...

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