Business & Money | Friday 4 October, 2024 2:01 pm

Al-Jadaan says GCC states face challenge of reducing oil dependence

Mohammed Al-Jadaan, Saudi Minister of Finance, said that while each GCC country has different economic needs and plans, they all face the challenge of reducing dependence on oil revenues.   In his speech during the 122nd meeting of the GCC Financial and Economic Cooperation...

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Business & Money | Friday 4 October, 2024 1:58 pm

Knowledge City's subsidiary inks 5 contracts for hotels management, operation

Knowledge Economic City Co.'s (KEC) 80%-owned subsidiary Al Geraa International Real Estate Development Co. Signed today, Oct. 3, five contracts for the management and operation of the first phase of hotels coming under the Islamic World District Project (IWD). Being established in the...

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Business & Money | Friday 4 October, 2024 1:23 pm

Specialized professions help cut unemployment in Saudi Arabia: Official

The decline in unemployment rates in Saudi Arabia is driven by the creation of new jobs for citizens, particularly in specialized professions and activities that do not require higher degrees or certifications, Majed Al-Dahwi, Deputy Minister of Human Resources and Social Development,...

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Tourism & Hospitality | Friday 4 October, 2024 1:02 pm

Saudi inbound tourism spending rises 8.2% to SAR 92.6B in H1

The Ministry of Tourism said that Saudi Arabia recorded a 8.2% growth in spending by inbound tourism to reach SAR 92.6 billion in the first half of 2024, compared to the same period in 2023. In its account on social networking platform “X”, the Ministry added that the Kingdom recorded a...

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Technology & IT | Thursday 3 October, 2024 2:26 pm

AI’s potential highlighted at Intersec Saudi Arabia, but experts warn of ongoing concerns

Saudi Arabia is making significant strides in positioning the Kingdom as a global leader in AI as part of Vision 2030, with the government and private sector’s efforts in utilising AI for innovation and economic progress receiving international praise – Tortoise Intelligence ranked Saudi Arabia ...

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Technology & IT | Thursday 3 October, 2024 12:46 pm

HONOR MagicPad 2: An Exceptional Tablet for Productivity and Multi-Tasking with Top Notch Hardware and AI-enhanced Software

 HONOR has designed HONOR MagicPad 2 with the needs of professionals at its core. Unlike other tablets that focus predominantly on entertainment or casual use, the MagicPad 2 has been engineered to handle the demands of business environments.  From its stunning 144Hz 3K AMOLED...

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Business & Money | Thursday 3 October, 2024 10:12 am

UAE participates at meeting of BRICS Ministers of Energy in Russia

The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), participated in the meeting of BRICS Ministers of Energy in the Russian capital, Moscow. At the meeting, Eng. Sharif Al Olama, Undersecretary of Energy and Petroleum Affairs at MoEI, highlighted that the UAE’s...

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Business & Money | Thursday 3 October, 2024 10:07 am

UAE continues to pioneer transition to green economy: DSCE Secretary-General

Ahmad Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy (DSCE), highlighted that the UAE continues to pioneer the transition towards a green economy, citing pioneering projects in renewable energy, such as the Mohammed bin Rashid Al Maktoum Solar Park in Dubai and nuclear and...

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Business & Money | Thursday 3 October, 2024 10:04 am

Enhancing technical expertise in judicial system strengthens UAE’s leadership position: UBF Chairman

Abdulaziz Al-Ghurair, Chairman of the UAE Banks Federation (UBF), has praised the recent directives issued by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Dubai Judicial Council. These directives ...

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Business & Money | Thursday 3 October, 2024 10:02 am

Almajed for Oud to list shares, start trading on Oct. 7

The Saudi Exchange (Tadawul) announced that shares of Almajed for Oud Co. will start trading on the Main Market on Monday, Oct. 7, under the symbol 4165 and ISIN Code SA164HF212H1. The shares will have a +/- 30% and +/- 10% daily sand static price fluctuation limits, respectively. These...

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