14 Jumada I 1446 - 15 November 2024
    
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Eye of Riyadh

Lucid Motors opens plant in KAEC
Business & Money | Thursday 28 September, 2023 8:58 am
Lucid Motors, partially owned by the Public Investment Fund (PIF), inaugurated today, Sept. 27, its manufacturing unit, AMO-2, the company's first international factory in King Abdullah Economic City (KAEC), Jeddah.   In May 2022, the company signed a contract to begin the...
Transport ministry issues logistic licenses to Chinese firms
Business & Money | Thursday 28 September, 2023 8:53 am
Saudi Arabia’s Minister of Transport and Logistic Services, Saleh Al-Jasser, and the accompanying delegation held a series of meetings with leaders of major Chinese companies in Beijing, where he handed them licenses to carry out logistics activities in the...
Tourism Minister announces $1 bln investment in Qiddiya hospitality school
Tourism & Hospitality | Thursday 28 September, 2023 8:50 am
Saudi Minister of Tourism Ahmed Al Khateeb announced the launch of a tourism and hospitality school in Qiddiya with an investment of $1 billion.   In his speech at the World Tourism Day 2023 conference held , Sept. 27, in Riyadh, the minister...
Lucid’s opening proves Saudi Arabia’s success in attracting investments: Minister
Business & Money | Thursday 28 September, 2023 8:48 am
Minister of Industry and Mineral Resources, Bandar Alkhorayef, said the opening of Lucid Group’s electric vehicle (EV) factory in Saudi Arabia and target exports affirms Saudi Arabia’s ability to attract investments and compete.   The Kingdom negotiates to invest...
Saudi Arabia set to add 500,000 hotel rooms via major projects: Minister
Tourism & Hospitality | Thursday 28 September, 2023 8:45 am
Saudi Arabia is on course to construct 400,000-500,000 hotel rooms in various projects, including NEOM, Qiddiya and Diriyah, Minister of Tourism Ahmed Al Khateeb said today, Sept. 27.   Al Khateeb was speaking at the World Tourism Day 2023 Conference in Riyadh.   Saudi ...
Aramco signs agreement to potentially buy 10% of Shenghong Petrochemical
Business & Money | Thursday 28 September, 2023 8:43 am
Saudi Aramco and Jiangsu Eastern Shenghong Co., Ltd. signed today, Sept. 27, a cooperation framework agreement to facilitate discussions on Aramco’s possible acquisition of a 10% strategic equity interest in Jiangsu Shenghong Petrochemical Industry Group Co., Ltd. (Shenghong Petrochemical) a ...
Nestlé and Monsha'at Sign MoU to Upskill F&B Entrepreneurs in Saudi
Business & Money | Thursday 28 September, 2023 12:47 am
 Nestlé announced today a strategic partnership with Saudi Arabia’s SME General Authority, Monsha'at, to bolster the expertise and operations of small and medium-sized enterprises (SMEs) within the flourishing food and beverage industry in Saudi Arabia. The Memorandum of Understanding...
Digital Government Authority and Nutanix Sign a Memorandum of Understanding to Support Accelerating Digital Transformation
Business & Money | Wednesday 27 September, 2023 4:39 pm
Nutanix, a leader in hybrid multicloud computing, announced today the signing of a Memorandum of Understanding (MoU) with the Digital Government Authority (DGA) in the Kingdom of Saudi Arabia, with the aim of developing mechanisms for government agencies to benefit from cloud services, explore...
CELEBRITY LOVED MR CHOW RESTAURANT TO OPEN ITS FIRST MIDDLE EAST LOCATION IN RIYADH, SAUDI ARABIA
Tourism & Hospitality | Wednesday 27 September, 2023 12:49 pm
I'm thrilled to bring the timeless elegance and culinary excellence of MR CHOW to Riyadh, the vibrant heart of the Middle East. This marks a remarkable chapter in our journey, and I'm excited to share our unique blend of art, culture, and cuisine.” Michael Chow  Septmeber 21st, 2023...
Transforming Risk Perceptions: AI's Paradigm Shift in Trading
Business & Money | Wednesday 27 September, 2023 11:28 am
In recent years, the world of trading has undergone a significant transformation. With the advent of Artificial Intelligence (AI), traditional trading practices and risk perceptions have been revolutionized. This article aims to explore the profound impact of AI on risk perceptions in trading and...
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