Business & Money | Thursday 11 July, 2024 9:00 am

Knight Frank: Riyadh retail stock to rise by 28% to 4.6 million square metres by 2026

Average rental rates across Riyadh’s retail market have increased marginally by 3% to SAR 2,725 psm for both regional and super regional malls in the last 12 months, while occupancy rates across the retail market increased by 5 percentage points to 90%, according to global property consultancy...

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Tourism & Hospitality | Thursday 11 July, 2024 8:55 am

INNOPROM 2024 kicks off in Russia with UAE as Partner Country

 INNOPROM 2024 has started in Yekaterinburg, Russia, with the UAE participating as a Partner Country. The UAE’s delegation is focused on strengthening bilateral relations by highlighting investment, industrial, and trade opportunities, exchanging experiences and knowledge, and exploring...

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Business & Money | Thursday 11 July, 2024 8:43 am

RAKEZ inks strategic partnership with All India Association of Industries to enhance mutual trade and investment opportunities

Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) with The All India Association of Industries (AIAI), to open up new avenues for mutual trade and investment, strengthening economic ties between the UAE and India. The MoU was signed by AIAI President Dr. Vijay...

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Business & Money | Thursday 11 July, 2024 8:32 am

RAKBANK to Transform AI Applications in Banking Operations supported by Microsoft

RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations at the bank. The intent was formalized through a memorandum of understanding (MoU) signed by Raheel Ahmed, Group CEO of RAKBANK, and...

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Business & Money | Thursday 11 July, 2024 8:24 am

UAE shows economic stability despite potential impact of Fed Rate decisions and upcoming U.S. elections

Despite an air of uncertainty stemming from the US Presidential Elections and recent U.S. economic indicators demonstrating a decline in leading economic activity metrics, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to...

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Business & Money | Thursday 11 July, 2024 7:34 am

NWC starts implementing 12 water and sanitation projects in Hail

The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of 12 water and environmental projects in various parts of the Hail region. The total cost amounts to more than 531 million Saudi Riyals to increase the coverage of water and environmental...

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Cars & Autos | Wednesday 10 July, 2024 7:24 pm

Day 1 Concludes with Buzz and Excitement at GEMTECH FORUM

The inaugural day of the GEMTECH FORUM at the Riyadh International Convention & Exhibition Center (RICEC) has wrapped up with tremendous success and vibrant activity. The event commenced with an official ribbon-cutting ceremony by H.E. Mohammad AlSahib, Deputy Minister of Investment at the...

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Technology & IT | Wednesday 10 July, 2024 9:59 am

HONOR Collaborates with Studio Harcourt, the Most Premium Portraits Studio in the World!

In a groundbreaking collaboration that merges luxury photography with cutting-edge technology, HONOR is set to partner with Studio Harcourt, the legendary portraits studio based in Paris, renowned for its exclusivity and unparalleled quality. With this collaboration, HONOR aims to brings the...

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Business & Money | Wednesday 10 July, 2024 8:18 am

Avalon Pharma obtains SAR 70M credit facilities from Emirates NBD

Middle East Pharmaceutical Industries Co.  (Avalon Pharma) secured SAR 70 million Shariah-compliant credit facilities from Emirates NBD to finance its operations, according to a statement to Tadawul. The facilities’ tenor will extend for one year. A promissory note for the...

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Business & Money | Wednesday 10 July, 2024 8:05 am

Dell Technologies, Aramco, and National IT Academy Collaborate to upskill local talent in science and technology

In a collaborative effort to empower Saudi Arabia’s local talent with advanced science and technology skills, Dell Technologies, Aramco, and the National IT Academy (NITA) have signed a collaboration agreement. The collaboration aims to provide Saudi students with advanced training programs and...

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