Business & Money | Saturday 16 December, 2023 11:30 am

UAE and Azerbaijan sign a MoU set to facilitate digital infrastructure investments

The Ministry of Investment of the UAE and the Ministry of Digital Development and Transport of the Republic of Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening the digital infrastructure in Azerbaijan with a focus on the development of data centers. The MoU was ...

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Business & Money | Saturday 16 December, 2023 11:17 am

Qiddiya launches 500,000 sqm esports, gaming zone

Qiddiya Investment Co. announced today, Dec. 14, launching an esports and gaming zone in Qiddiya city, which is deemed the world’s first mixed-use e-sports and gaming zone.   The new zone aims to attract 10 million annual visits and consolidate the Kingdom’s position as a global...

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Business & Money | Saturday 16 December, 2023 11:13 am

Non-oil sectors maintain positive growth: CEDA

The Council of Economic and Development Affairs (CEDA), in a meeting held today, Dec. 14, reviewed some reports and topics, including the periodical presentation of the Ministry of Economy and Planning regarding the local and international economic developments.  During the meeting, the...

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Business & Money | Saturday 16 December, 2023 11:10 am

AI to enhance current human jobs, says SDAIA President

The artificial intelligence (AI) will contribute to the creation of 69 million jobs over the next five years, said Abdullah Alghamdi, President of the Saudi Authority for Data and Artificial Intelligence (SDAIA), citing a report by the World Economic Forum.   He added that the...

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Business & Money | Saturday 16 December, 2023 11:05 am

91,000 households move to first homes YTD: Sakani

Sakani Program announced that 93,620 families benefited from the program from January to November 2023. Year to date, the total number of households that moved to their first homes has reached 90,840.   In a statement, Sakani added that the number of families that received their...

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Business & Money | Saturday 16 December, 2023 5:07 am

80 agreements, MoCs worth over SAR 0.5B signed in Global Labor Market Conference

The Global Labor Market Conference (GLMC) witnessed the signing of nearly 80 agreements and memorandums of cooperation (MoCs) at a total value of more than SAR 0.5 billion, Saudi Press Agency reported.   The event, organized by the Ministry of Human Resources and Social Development...

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Business & Money | Saturday 16 December, 2023 2:59 am

The UAE's pioneering approach to security in the Middle East to be discussed at Intersec 2024

At the forefront of reshaping security paradigms, the United Arab Emirates (UAE) exemplifies a pioneering approach to sustainable security within the Middle East. This is according to Dr Daria Daniels Skodnik, Senior Scholar, International Security & Defense, and Former Deputy Commandant &...

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Business & Money | Friday 15 December, 2023 2:27 pm

Aqara and iot squared Join Forces to Accelerate Smart Home Adoption in Saudi Arabia

Aqara, a leading provider of smart home products, has signed a Memorandum of Understanding (MoU) with iot squared, a joint venture between stc Group and Saudi Arabia's Public Investment Fund, to forge a strategic partnership with a special focus on Information and Communications Technology (ICT)...

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Business & Money | Friday 15 December, 2023 1:50 pm

Tabreed Secures AED 600M Inaugural Green Revolving Credit Facility to Advance Sustainable Cooling Solutions

Following a signing ceremony at the end of its hugely successful participation in COP28, Tabreed, the world’s leading district cooling company, today announces the successful closure of its inaugural AED 600 million Green Revolving Credit Facility (RCF) in partnership with First Abu...

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Business & Money | Friday 15 December, 2023 3:23 am

Light + Intelligent Building Middle East returns for a 17th edition with an 88% increase in exhibitors

Light + Intelligent Building Middle East, the leading exhibition for lighting, electrical engineering, and building technology, will return from 16-18 January at the Dubai World Trade Centre with 350 exhibitors, an 88% increase from last year. Organised by Messe Frankfurt Middle East, the...

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