Business & Money | Tuesday 11 February, 2025 8:00 am

RAKEZ promotes environmental sustainability through its annual community beach clean-up drive

Ras Al Khaimah Economic Zone (RAKEZ) successfully concluded its annual beach clean-up initiative at Al Hulaila in Ras Al Khaimah as part of its commitment to environmental sustainability. The event aims to reduce marine pollution, protect local biodiversity, and raise community awareness on the...

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Business & Money | Tuesday 11 February, 2025 8:00 am

SAMI-AEC Announces Diamond Sponsorship at LEAP 2025

SAMI Advanced Electronics Company (SAMI-AEC), a wholly owned subsidiary of Saudi Arabian Military Industries (SAMI), proudly announces its participation as a Diamond Sponsor at LEAP 2025. As one of the world's premier technology gatherings, LEAP will take place in Riyadh from February 9 to 12,...

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Business & Money | Tuesday 11 February, 2025 8:00 am

Medlab Middle East spotlights AI in African diagnostics as the 24th edition of the event concludes

Amid rapid transformation in Africa’s healthcare sector, Medlab Middle East hosted a dedicated session today on ‘Doing Business in Africa - Transforming Diagnostic Business Models with AI and other Technologies to Access New Markets’. Led by the African Business Coalition for Health...

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Business & Money | Tuesday 11 February, 2025 8:00 am

Cisco Expands Presence in Saudi Arabia Through Launch of Cloud Services Data Centers, AI Talent Development and Manufacturing Plans

At LEAP 2025, Cisco, the global leader in networking and security, unveiled a series of strategic initiatives to advance AI in partnership with the Kingdom. By introducing advanced cloud data centers, AI talent development, and phased plans for local manufacturing, Cisco is deepening its commitment ...

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Business & Money | Tuesday 11 February, 2025 8:00 am

Esri Saudi Arabia to Showcase GIS Tech Innovations at LEAP 2025

 Esri Saudi Arabia is excited to announce its participation as an exhibitor at LEAP 2025, a premier technology event aimed at driving advancements in the tech landscape, representing a global platform for future technologies. The event is scheduled on 9th-12th of February at Riyadh Exhibition...

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Business & Money | Tuesday 11 February, 2025 8:00 am

NEOM, DataVolt to launch $5B AI factory in Oxagon

NEOM and DataVolt, a Saudi-based international developer, investor and operator of data centers, signed a partnership agreement to design an AI factory that will operate as an integrated data center, with a total capacity of up to 1.5 gigawatt. The development will take a phased approach, with ...

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Business & Money | Tuesday 11 February, 2025 8:00 am

LEAP 2025 Continues Its Groundbreaking Announcements on Day Two with Over $7.5 Billion in Tech and AI Investments

LEAP 2025, the global tech event, witnessed a series of groundbreaking investments on Day 2, exceeding $7.5 billion, in data centers, submarine and fiber-optic cable networks. These investments are focused on enhancing digital infrastructure and promoting innovation in artificial...

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Business & Money | Tuesday 11 February, 2025 8:00 am

Saudi Steel Pipe’s subsidiary secures SAR 910M contract with Aramco

Saudi Steel Pipe Co.’s (SSP) consolidated subsidiary, Global Pipe Co., won a contract to supply longitudinally submerged arc welded (LSAW) pipes worth approximately SAR 910 million for Saudi Aramco’s Accelerated Carbon Capture and Storage hub in Jubail. In a statement to Tadawul, the...

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Business & Money | Tuesday 11 February, 2025 8:00 am

Mobily to invest $905M in data centers, subsea cables, fiber connectivity: CEO

Etihad Etisalat Co. (Mobily) will invest more than $905 million in data centers, subsea cables, and fiber connectivity between countries, said CEO Salman Al Badran. Speaking at the LEAP 25 conference on Monday, Al Badran added that the company will use data centers with a capacity of 39...

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Business & Money | Tuesday 11 February, 2025 8:00 am

IHC posts robust preliminary full-year 2024 performance with 54.4% revenue growth

IHC, the global investment company focused on building dynamic value networks, has announced its preliminary financial results for the full-year 2024, with revenue surging to AED 92.8 billion, reflecting a robust 54.4% increase compared to AED60.1 billion in 2023. This strong financial...

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