Business & Money | Saturday 23 March, 2024 6:43 am

PwC Middle East and Microsoft launch AI Centre of Excellence dedicated to upskilling Saudi engineering talent

PwC Middle East in Saudi Arabia and Microsoft have announced the launch of an artificial intelligence (AI) Centre of Excellence in Riyadh at LEAP 2024, aimed at upskilling and scaling the AI capabilities of Saudi engineers and researchers. The launch of the centre supports the Kingdom’s community ...

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Business & Money | Saturday 23 March, 2024 6:40 am

Saudi Arabia launches Phase II of Madinah airport expansion project

Prince Salman bin Sultan bin Abdulaziz, Governor of Madinah and Chairman of Al Madinah Region Development Authority, inaugurated Phase II of Prince Mohammad Bin Abdulaziz International Airport's development and expansion project.   The project worth up to SAR 1.2 billion aims to...

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Government | Saturday 23 March, 2024 6:39 am

HRSD seeks feedback on amendments to draft law of criminalizing irregular labor practices

The Ministry of Human Resources and Social Development (HRSD) invited the public and those interested to express their opinions on the draft law of criminalizing irregular practices that negatively affect the labor market.   The ministry seeks the public's proposals for articles to...

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Business & Money | Saturday 23 March, 2024 6:30 am

SAL signs deal with Taiba Airports to develop new air cargo terminal

SAL Saudi Logistics Services Co. and Taiba Airports signed on March 21 a 16-year agreement to establish a new air cargo terminal at Prince Mohammad Bin Abdulaziz International Airport in Madinah.  The deal aims to boost the air cargo capacity at the airport and ensure the provision of...

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Environment & Energy | Saturday 23 March, 2024 6:29 am

Minister of Energy decides to amend dry gas distribution tariff

Minister of Energy, Prince Abdulaziz bin Salman, decided to amend the dry gas distribution tariff for the Natural Gas Distribution Co. in Riyadh Second Industrial City and East Gas in Dammam Second Industrial City.  Under the decision, the tariff for the Natural Gas Distribution was...

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Business & Money | Friday 22 March, 2024 7:43 am

Bonyan REIT inks SAR 500M credit facility deal with Alinma Bank

Bonyan REIT Fund inked a Shariah-compliant credit facility deal worth SAR 500 million with Alinma Bank, fund manager Saudi Fransi Capital said in a statement to Tadawul.   The agreement runs for seven years, with margins paid quarterly, beginning with a cash withdrawal for...

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Environment & Energy | Friday 22 March, 2024 1:53 am

The Arab Energy Fund posts highest net income on record for second straight year

The Arab Energy Fund (formerly APICORP), a multilateral impact financial institution focused on the energy sector, announced today its financial results for the period ended December 31, 2023.   In a statement to Argaam, the results showed that the fund achieved its highest ever net...

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Technology & IT | Friday 22 March, 2024 1:52 am

“Huawei Saudi” and Digital Government Authority (DGA) Announce Cooperation to Enhance Saudi Government App Experience

Huawei Saudi Arabia and the Digital Government Authority (DGA) of Saudi Arabia announced a significant collaboration in the digital transformation and emerging technologies, to enhance the accessibility, elevate the digital content and user experience of government applications on Huawei devices in ...

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Business & Money | Friday 22 March, 2024 1:50 am

Al Yamuna Densons invests AED 35 million in its facility expansion in Ras Al Khaimah

A leading Indian manufacturer of power cable joining kits, Al Yamuna Densons is expanding its facility in Ras Al Khaimah with an investment of AED 35 million to boost its regional operations. The construction in the Al Hamra Industrial Zone is set to be completed by May, taking the total area to...

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Business & Money | Friday 22 March, 2024 1:48 am

Azizi Developments’ Amber in Al Furjan reaches 76% construction completion

Azizi Developments, a leading private developer in the UAE, has announced the 76% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan.  Comprising a mix of studios, one-, two- and three-bedroom residences, Amber is due for...

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