| Tuesday 10 September, 2024 10:31 am

China’s Ambassador to Saudi Arabia says PIF is considering setting up offices in Beijing, Shanghai and Shenzhen

Saudi Arabia’s Public Investment Fund (PIF) is considering setting up offices in Beijing, Shanghai and Shenzhen in China, Al Eqtisadiah newspaper reported, citing China's Ambassador to Saudi Arabia Chang Hua. The office in Beijing is expected to open in 2024. China and Saudi Arabia are...

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Business & Money | Tuesday 10 September, 2024 10:08 am

AMAK inks LoI with Power Metal for nickel ore extraction in Qatan

Almasane Alkobra Mining Company (AMAK) signed, on Sept. 9, a letter of intent (LoI) with Power Metal Resources Plc, listed on the London Stock Exchange, according to a statement to Tadawul. This LoI aims for a joint venture (JV) agreement to explore, develop, and extract nickel ore and related ...

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Business & Money | Tuesday 10 September, 2024 9:46 am

Art Jameel and Dubai Culture reveal Research and Practice Platform grant recipients for creative projects that address the climate crisis

 Dubai Culture and Arts Authority (Dubai Culture), in partnership with Art Jameel, an organisation that supports artists and creative communities, announce the ten recipients of the Research and Practice Platform grants programme. These individuals were selected as a result of an Open Call for ...

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Technology & IT | Tuesday 10 September, 2024 9:21 am

Nutanix: The Cloud-Smart Alternative

VMware built a formula for becoming a leading IT company: a combination of innovative technology which help CXOs to plan their Digitalization strategy based on continual innovation, and a loyal and engaged community.  But in the light of the recent acquisition of VMware by...

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Technology & IT | Tuesday 10 September, 2024 8:57 am

RocketDevs: Redefining Talent Acquisition in Software Development

RocketDevs is transforming how companies access top-tier software talent in the Middle East. Founded by Mohamed Ali Elzeiny and Ahmed Ali Elzeiny, veterans of TikTok and Google, RocketDevs has developed a cutting-edge AI-powered recruitment process to identify the top 5% of software engineers from...

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Business & Money | Tuesday 10 September, 2024 8:49 am

Saudi Arabia Showcases Strategic Tourism Investments at IHIF Asia, Opening Doors to Investors

 Saudi Arabia is rapidly establishing itself as a global leader in tourism, with the Kingdom’s remarkable achievements in 2023 setting a new benchmark for the industry. This progress was on full display at the IHIF Asia International Hospitality Investment Forum in Hong Kong, where the Saudi ...

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Business & Money | Monday 9 September, 2024 11:33 am

Retail Congress MENA 2024: Igniting the Future of Retail in Saudi Arabia

The retail industry is on the cusp of a new era, and the Retail Congress MENA 2024 is set to be the catalyst for its transformation. This landmark event, taking place on November 4-5 at the Mandarin Oriental, Al Faisaliah in Riyadh, is a celebration of the 30th anniversary of the Middle East...

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Business & Money | Monday 9 September, 2024 11:21 am

Riyadh Cement redeems SAR 25M in tax returns withheld with ZATCA

Riyadh Cement Co. said as much as SAR 25.04 million was credited to its main account with the Zakat, Tax and Customs Authority (ZATCA) for withholding prepaid tax returns, the company said in a statement to Tadawul today, Sept. 8. The company shall use this amount to settle any upcoming...

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Business & Money | Monday 9 September, 2024 11:14 am

ADES unit inks 2 deals to buy jack-up rigs in Southeast Asia

ADES Holding Co.’s subsidiary ADES International Holding Ltd. entered into asset purchase agreements (APAs) to acquire two contracted premium jack-up rigs in Southeast Asia from Vantage Drilling International Ltd. for $190 million (subject to working capital adjustments upon the deal...

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Business & Money | Monday 9 September, 2024 11:05 am

EDB launches AI Wave programme to boost operations

Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has launched its internal AI Wave programme, a strategic initiative aimed at enhancing AI literacy and adoption across the organisation. In line with the UAE’s Artificial...

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