The number of micro, small and medium-sized enterprises (MSMEs) in Saudi Arabia rose to 1.23 million by the end of Q2 2023, an increase of 3% compared to Q1 2023, the Small and Medium Enterprises General Authority (Monsha’at) said in a report. MSMES constituted around 99.7% of...
In the bustling financial landscape of the United Arab Emirates (UAE), traders are presented with diverse opportunities across various markets. To harness these opportunities effectively, selecting the right trading platform is paramount. A trading platform serves as the gateway to the trading...
Ras Al Khaimah Economic Zone (RAKEZ) reported a remarkable surge in the registration of holding companies since introducing this company structure in 2020. The consistent rise in registrations highlights the growing appeal of this innovative investment vehicle, as the total number of holding...
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced the appointment of Talal Al-Saif to Multi Sub-Regional Sales Director, responsible for the sub-regions of Central Gulf (Saudi, Qatar and Bahrain) and Egypt. Based in Saudi, Talal will focus on driving regional digital...
Generative artificial intelligence (AI) is positioned on the Peak of Inflated Expectations on the Gartner, Inc. Hype Cycle for Emerging Technologies, 2023, projected to reach transformational benefit within two to five years. Generative AI is encompassed within the broader theme of emergent...
Arabian International Healthcare Holding Co. (Tibbiyah) announced that its fully owned subsidiary, Al Faisaliah Medical Systems (FMS), signed, on Aug. 21, a purchase and supply contract worth SAR 25.9 million with the National Unified Procurement Co. (NUPCO), according to a statement to...
bu Dhabi Securities Exchange (ADX) has partnered with Tawasal SuperApp, a secure multi-purpose messenger and super app, to enable investors to access real-time ADX updates directly within the app. As part of the partnership, Tawasal users will gain access to a comprehensive range of real-time...
UAE Banks Federation (UBF), the sole representative and unified voice of banks in the UAE, revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE's strategy to reduce emissions and achieve climate neutrality by 2050...
Mohamed Alabbar, the founder of Emaar Properties, said that the company's operations in Saudi Arabia currently account for 10% of its total business, seeking to increase investment in the Kingdom’s real estate sector. In an interview with Al-Arabiya...
Azizi Developments, a leading private developer in the UAE, has announced the 58% completion of its prestigious Park Avenue III project, located in the highly sought-after MBR City, with the completion date set for Q4 2023. Park Avenue is a well-connected premium residential community strategically ...