Business & Money | Sunday 13 October, 2024 10:36 am

ESL FACEIT Group Announces ESL Saudi Challenge—First-Ever Exclusive ESL Tournament for Saudi Arabia

ESL FACEIT Group announces the launch of the ESL Saudi Challenge, the first-ever ESL tournament exclusively for the Saudi Arabian gaming community. This groundbreaking event provides a unique opportunity for local talent to rise and compete on the global stage, starting with Overwatch 2 as the...

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Business & Money | Sunday 13 October, 2024 10:31 am

NetApp to Open Regional Headquarters in Riyadh, Reinforcing Commitment to Saudi Arabia’s Vision for AI and Digital Transformation

 NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the opening of its Middle East regional headquarters in Riyadh, Saudi Arabia, to be officially functional on February 1, 2025. This strategic move underscores NetApp's dedication to supporting Saudi...

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Business & Money | Sunday 13 October, 2024 10:23 am

Intersec Saudi Arabia sees a 38% year-on-year increase, setting new show record with 23,625 attendees

More than 23,000 industry professionals attended the sixth edition of Intersec Saudi Arabia, the Kingdom’s leading trade fair for safety, security and fire protection, which concluded on Thursday, 3 October, setting a new record for the show and representing a 38% year-on-year increase. Held ...

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Business & Money | Sunday 13 October, 2024 10:21 am

Hafeet Rail signs contract with Progress Rail to supply modern fleet of freight locomotives

Hafeet Rail, the developer and operator of the UAE-Oman Rail Network, has partnered with Progress Rail, a Caterpillar company, to supply 27 state-of-the-art EMD SD70ACS heavy-haul freight locomotives. The locomotives will be custom-designed to withstand the region's unique environmental conditions...

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Business & Money | Sunday 13 October, 2024 8:26 am

Dubai Startup Guide launched

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has published the Dubai Startup Guide, a comprehensive handbook that helps entrepreneurs and startups successfully establish their businesses in Dubai. The guide offers a comprehensive...

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Business & Money | Sunday 13 October, 2024 8:06 am

UAE participates in Second Meeting of BRICS Finance Ministers, Central Bank Governors

The UAE, represented by the Ministry of Finance and the Central Bank, took part in the second BRICS Finance Ministers and Central Bank Governors meeting recently held in Moscow.The country’s delegation included Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Younis Haji Al...

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Business & Money | Sunday 13 October, 2024 8:03 am

National Housing launches 1,600 residential units in Jeddah

National Housing Company (NHC) has announced the launch of 1,600 new residential units in two new projects, Al Thuraya and Al-Sadan in Jeddah. Located in Sadaim, north of Obhur, Al Thuraya offers more than 700 residential units and includes commercial facilities, gardens, and public amenities. ...

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Business & Money | Sunday 13 October, 2024 7:44 am

PIF says $19.4B capital expenditure required for green projects

The Public Investment Fund (PIF) set capital expenditure requirements of $19.4 billion for its eligible green projects (or nearly SAR 73 billion), with $5.2 billion already allocated as of June 2024.This allocation is part of PIF's ongoing commitment to sustainable finance, as detailed in its...

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Business & Money | Sunday 13 October, 2024 7:42 am

Saudi to begin construction of Landbridge in early 2025: Report

Saudi Arabia will start construction of the Landbridge project that costs $7 billion (SAR 26.3 billion) in early 2025, MEED reported citing a source close to the project. The final arrangements are being sorted out, the report added. Saleh Al-Jasser, Minister of Transport, said in January ...

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Business & Money | Saturday 12 October, 2024 8:00 am

Dubai Department of Economy and Tourism Teams Up with Sport Impact Summit to Pioneer Sustainable Solutions in Sports

The Dubai Department of Economy and Tourism (DET) has joined the impressive roster of partners for the Sport Impact Summit (SIS). Scheduled to take place at Atlantis, The Palm in Dubai on December 4th and 5th, 2024, the summit is a groundbreaking global initiative aimed at harnessing the...

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