Business & Money | Saturday 6 August, 2022 4:51 pm

PIF Launches Saudi Egyptian Investments Company (SEIC) to Foster Investment in Egypt

The Public Investment Fund (PIF) today launched the Saudi Egyptian Investments Company (SEIC) to invest in promising sectors throughout Egypt, one of the world’s emerging markets.   SEIC will invest in priority sectors including but not limited to, infrastructure, real estate...

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Culture & Education | Friday 5 August, 2022 11:56 am

Saudi tourism spending grew 52% to $25.5bn in 2021

Overall tourism spending in Saudi Arabia, including residents and foreigners, rose 52 percent in 2021 to SR95.6 billion ($25.5 billion) from SR63.4 billion the previous year, data published by the Saudi Central Bank, also known as SAMA, revealed. The numbers, however, paled compared to 2019...

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Business & Money | Friday 5 August, 2022 11:53 am

OPEC daily basket price stands at $101.19 a barrel Thursday

The price of OPEC basket of thirteen crudes stood at US$101.19 a barrel on Thursday, compared with US$104.17 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), ...

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Business & Money | Friday 5 August, 2022 11:52 am

PACKED GAMERS8 CROWD REVELS IN MUSICAL MASTERCLASS AS DAFENCII, AFROTO, WIZKID AND R3HAB CONCLUDE INCREDIBLE 4TH WEEK CONCERTS

Dafencii  Soulful Sudanese rapper Dafencii, who announced himself on the music scene with the debut release of ‘Rksha’, got Thursday night at the NXT LVL arena at Gamers8 off to a great start with his performance.   Afroto Egyptian favorite Afroto went down an...

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Cars & Autos | Thursday 4 August, 2022 2:57 pm

Nissan commits to sustainability as core to achieving long-term Ambition 2030 vision

Nissan Motor Co., Ltd., aiming for a cleaner, safer and more inclusive world, is reinforcing a commitment to sustainability at the core of its business and as an enabler toward delivery of its long-term vision, Nissan Ambition 2030. In its newly published Nissan Sustainability Report 2022, the...

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Business & Money | Thursday 4 August, 2022 10:51 am

Twitter intentional about teams, hiring, costs: Company spokesperson

Social media company Twitter last month reportedly laid off 30 percent of its recruitment team. And the firm has now announced it will slow hiring around the world. A Twitter spokesperson told Arab News: “As we’ve previously shared, Twitter is being intentional about our teams,...

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Tourism & Hospitality | Thursday 4 August, 2022 9:46 am

Experience Luxury, Peace, and Sophistication in your own Private Villa at Al Habtoor Polo Resort

Al Habtoor Polo Resort, located in the Silicon Oasis area of Dubai, is an Andalusian-infused paradise. This summer, the breathtaking resort encourages GCC travellers and UAE residents to escape the ordinary and enter a world of serenity in their incredible four-bedroom Royal...

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Tourism & Hospitality | Thursday 4 August, 2022 9:24 am

SAUDIA Launches First Direct Route Between Riyadh and Zurich in collaboration with the Air Connectivity Program

Saudi Arabian Airlines (SAUDIA), the Kingdom’s national flag carrier, inaugurated the first direct flight to its new international destination Zurich, Switzerland in collaboration with the Air Connectivity Program.  To commemorate the occasion, SAUDIA organized an inauguration ceremony...

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Sports | Wednesday 3 August, 2022 3:39 pm

Stage set for renewal of Dubai Duty Free Shergar Cup at Ascot

The stage is set for the 2022 renewal of the Dubai Duty Free Shergar Cup and Concert at Ascot Racecourse on Aug. 6. A change in format will this year see an even greater number of international stars taking part in the expanded competition to be decided over an eight-race card. The teams...

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Culture & Education | Wednesday 3 August, 2022 3:27 pm

Ministry of Culture and Youth launches Career Excellence Awards 2022

The Ministry of Culture and Youth has launched its Career Excellence Awards this year with the aim of improving the Ministry's performance and competitiveness. The awards will help promote the cultural, media and youth sectors locally and internationally and mobilise their contribution to the...

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