Business & Money | Tuesday 16 April, 2024 9:25 am

World Bank raises Saudi Arabia's GDP growth forecasts to 5.9% in 2025

The World Bank raised its forecasts for Saudi Arabia's gross domestic product (GDP) growth for 2025 by about 1.7% to 5.9%, compared to its previous estimates of 4.2% in January. In its "MENA Economic Update" report, the World Bank lowered its growth forecasts for the Saudi economy in 2024 to...

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Business & Money | Tuesday 16 April, 2024 9:22 am

Alhokair Group begins catering contract for residential complex in NEOM

Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) said it started providing catering services at a residential complex in NEOM, as per the timetable outlined in the award letter. The company is engaged in finalizing the site preparations and appointing qualified...

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Business & Money | Tuesday 16 April, 2024 9:16 am

solutions inks SAR 140M contract with stc

Arabian Internet and Communications Services Co. (solutions) signed, on April 15, a SAR 139.95 million contract with stc to renew the VMware licenses and provide technical support and maintenance services, according to a statement to Tadawul. The contract will extend for three years, the...

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Business & Money | Tuesday 16 April, 2024 9:04 am

Alternative Work Models key to empowering Saudi Women's return to the workplace, latest PwC Middle East survey finds

 Women professionals returning to the workforce in Saudi Arabia face considerable challenges, such as being 'mommy tracked' or having their resumes rejected due to career gaps. These findings are part of a report titled "Navigating the path back: Women returners in KSA". The report...

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Business & Money | Tuesday 16 April, 2024 8:57 am

Spearheading Commercial Arbitration's Crucial Role in Arab Mega Projects

Dr. Kamal Al Hamad, the Secretary General of the GCC Commercial Arbitration Centre, emphasized the pivotal role of commercial arbitration in guaranteeing the execution of mega projects in alignment with pre-established plans, timelines, and financial commitments agreed upon by all involved...

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Technology & IT | Tuesday 16 April, 2024 8:47 am

Stress Awareness Month: how to fight stress across social media

Stress Awareness Month, observed every April since 1992, serves as a critical reminder of the importance of managing stress for maintaining users’ mental and physical health. Social media has emerged as a significant source of stress, contributing to the proliferation of anxiety and...

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Business & Money | Monday 15 April, 2024 2:40 pm

Sulaiman Al Habib EGM to vote on transferring statutory reserve to retained earnings on May 14

Dr. Sulaiman Al Habib Medical Services Group's shareholders will vote on transferring the company's statutory reserve amounting to SAR 1.05 billion, as shown in financial statements for FY ended Dec. 31, 2023, to retained earnings in an extraordinary general meeting to be held on May...

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Business & Money | Monday 15 April, 2024 11:15 am

Budget Saudi inks agreement to acquire 70% of Overseas Development in UAE

United International Transportation Co. (Budget Saudi) signed a sale and purchase agreement to acquire 70% of Overseas Development LLC shares in the UAE. According to a statement to Tadawul, the acquisition amount was based on the financial evaluation of the acquisition, as the value of the...

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Government | Monday 15 April, 2024 11:11 am

MoEI to highlight UAE’s efforts to achieve energy transition, climate neutrality at WFES 2024

The Ministry of Energy and Infrastructure (MoEI) will participate in the World Future Energy Summit (WFES) 2024, to be held at the Abu Dhabi National Exhibition Centre from April 16th to 18th. During its participation, the Ministry plans to highlight the UAE’s achievements in the clean energy...

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Environment & Energy | Monday 15 April, 2024 10:56 am

Boris Johnson, Bertrand Piccard to headline Masdar’s Green Hydrogen Summit in Abu Dhabi

Abu Dhabi Future Energy Company PJSC – Masdar has announced a stellar international lineup for its Green Hydrogen Summit including former UK Prime Minister Rt Hon Boris Johnson, ministerial speakers from the UAE, Azerbaijan, Japan and the Netherlands, industry leaders and global adventurer Dr....

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