Business & Money | Thursday 5 September, 2024 10:28 am

Saudi Arabia sees 'unprecedented' progress in economic transformation: IMF

The International Monetary Fund (IMF) concluded on July 31 the 2023 Article IV consultations with Saudi Arabia. “Saudi Arabia’s unprecedented economic transformation is progressing well as it advanced in its modernization and diversification efforts under Vision 2030,” the fund wrote in...

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Business & Money | Thursday 5 September, 2024 10:19 am

MEP International Conference 2024 and BEDIC 2024 to Lead the Future of Saudi Arabia’s Built Environment

Saudi Arabia is set to host two groundbreaking events, the MEP International Conference 2024 and the inaugural Building Envelope Design and Insulation Conference (BEDIC) 2024, on September 16-17, 2024, at the Jeddah Hilton in the Kingdom of Saudi Arabia. These co-located events, ...

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Business & Money | Thursday 5 September, 2024 9:04 am

Pfizer Appoints Elif Aral as Regional President for the Middle East, Russia & Africa

 Pfizer announces the appointment of Elif Aral as Regional President for Middle East, Russia, and Africa (MERA) effective September 2024 to spearhead operations in the region and bring scientific breakthroughs in vaccines, oncology, rare diseases, internal medicine, hospitals, and inflammation ...

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Business & Money | Wednesday 4 September, 2024 10:24 am

Saudi Central Bank to enable Samsung Pay service in Q4 2024

The Saudi Central Bank (SAMA) signed an agreement with Samsung to enable the “Samsung Pay” service across the Kingdom during the fourth quarter of 2024. The agreement was signed on the sidelines of the 24 Fintech 2024 Conference held in Riyadh. SAMA explained that this step affirms...

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Business & Money | Wednesday 4 September, 2024 10:16 am

AD Ports Group launches new rail logistics offering

Noatum Logistics, an AD Ports Group company and a leading logistics provider, has announced the launch of its new rail logistics solution for the Middle East region. The new service, which complements Noatum Logistics’ integrated regional portfolio of freight forwarding products leveraging...

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Business & Money | Wednesday 4 September, 2024 10:13 am

DMCC, Bybit launch $100,000 Web3 hackathon

The Dubai Multi Commodities Centre (DMCC) and the global crypto exchange Bybit have launched their second joint hackathon with US$100,000 on offer for the most innovative Web3 businesses. This latest hackathon follows the success of their first edition in November 2023, which focused on innovations ...

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Business & Money | Wednesday 4 September, 2024 10:11 am

ADNEC Group partners with Resorts World Cruises to boost Arabian Gulf cruise tourism

ADNEC Group, through its subsidiary Tourism 365, announced a partnership with Resorts World Cruises, an international premier cruise line that is homegrown in Asia. This partnership solidifies Tourism 365’s position as a leading provider of ground handling services in the Arabian Gulf,...

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Business & Money | Wednesday 4 September, 2024 10:06 am

ACWA Power and SEWA sign deal for Sharjah’s first Independent Water Project

 Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, today signed an agreement with Sharjah Electricity, Water and Gas Authority (SEWA) to develop Sharjah’s first Independent Water Project (IWP)...

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Business & Money | Wednesday 4 September, 2024 10:02 am

Azizi Developments announces 725m height of Burj Azizi, world’s second-tallest tower

 Azizi Developments, a leading private developer in the UAE, has announced the height of Burj Azizi, located on a prime plot of land on Dubai’s Sheikh Zayed Road, which will stand 725m tall, making it the second tallest in the world.  The 131+ storey skyscraper will launch for...

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Business & Money | Wednesday 4 September, 2024 9:58 am

FLYADEAL TAKES DELIVERY OF 34th AIRCRAFT

 In line with continued expansion, flyadeal, one of the youngest and fastest growing low-cost airlines in the Kingdom of Saudi Arabia and across the Middle East, has taken delivery of its latest Airbus A320neo. Named Al Qa’ad (leader) after an Arabic constellation star, this marks the...

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