Business & Money | Sunday 8 September, 2024 8:23 am

Engel & Völkers Middle East Launches Development Services Department

Engel & Völkers Middle East, known for its residential and commercial real estate services in the premium segment, announces the launch of its new Development Services department, catering to the specific needs of developers, builders, and investors in the region. As Dubai's real estate...

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Business & Money | Saturday 7 September, 2024 1:37 pm

Private sector employs 11.6M workers in August: NLO

The total number of workers in the Saudi private sector reached 11.57 million in August 2024, the National Labor Observatory (NLO) said. The number of nationals employed in the private sector totaled 2.37 million, of whom 1.4 million are males, and 972,700 are...

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Business & Money | Saturday 7 September, 2024 1:30 pm

MAWANI says container handling reaches 686,700 TEUs in August

Saudi ports reported a 5.01% drop in cargo throughput tonnage to 685,650 tons in August, compared to 721,820 tons in the same period a year ago.   In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers rose 15.24% to 261,290 in August, from 226,740 in the...

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Business & Money | Friday 6 September, 2024 1:17 pm

Fintech platforms add SAR 5B in AUMs: Official

Fintech platforms added SAR 5 billion to the assets under management (AUMs) in the capital market, marking an increase of 267% since the start of operations in 2022 until H1 2024, Al-Eqtisadiah newspaper reported, citing Abdullah Binghannam, Capital Market Authority (CMA) Deputy for Listed...

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Business & Money | Friday 6 September, 2024 1:14 pm

Alkhorayef calls on Chinese firms to invest in automobiles, aircraft industries

Minister of Industry and Mineral Resources, Bandar Alkhorayef, called on Chinese companies to invest in promising industrial sectors that the National Industrial Strategy aims to localize and develop, with a focus on key areas such as automobiles, food, pharmaceuticals, and...

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Business & Money | Friday 6 September, 2024 12:54 pm

Nornickel’s Palladium Centre proposed initiatives for public-private partnerships in BRICS countries

Moscow —  Moscow hosted the BRICS Climate Agenda in Modern Conditions Forum focused on the development of public-private and inter-country partnerships within the BRICS climate agenda. More than 250 delegates took part in the forum, including members of government authorities, the corporate...

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Tourism & Hospitality | Friday 6 September, 2024 12:53 am

A look at municipal services fees for tourist hospitality facilities licenses in KSA

Saudi Arabia’s Minister of Municipalities and Housing Majed Al Hogail issued a decision to scrap fees for issuing commercial licenses for hotels, hotel apartments, and residential resorts, effective as of Sept. 4.   Under the Regulations of Municipal Services Fees, issued on Jan....

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Business & Money | Friday 6 September, 2024 12:52 am

EDGE Entity LAHAB Signs Agreement to Further Enhance Safety and Quality of UAE Ammunition

EDGE Group entity LAHAB, the UAE’s sole ammunition manufacturer, have signed a Memorandum of Understanding (MoU) with the Jordan Design and Development Bureau (JODDB), a regional leader in the development, testing, and evaluation of defence systems, to certify LAHAB’s Ballistics Laboratory to...

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Technology & IT | Friday 6 September, 2024 12:30 am

HONOR Unfolds a Future with Possibilities with the Record-breaking HONOR Magic V3 at IFA 2024

Global technology brand HONOR today announced its groundbreaking AI-enabled hardware capabilities and a collaborative AI privacy protection architecture, showcasing its commitment to innovative empowerment in an AI-driven world, at IFA 2024. The event also saw the debut of HONOR’s latest...

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Technology & IT | Friday 6 September, 2024 12:25 am

Kaspersky discovers a new cyberespionage campaign in the Middle East by Tropic Trooper APT

Kaspersky’s Global Research and Analysis Team (GReAT) has discovered a new Advanced Persistent Threat (APT) campaign carried out by the Tropic Trooper group. This operation has been targeting a governmental entity in the Middle East for over a year, aiming to conduct cyberespionage. To gain...

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