Business & Money | Friday 19 January, 2024 3:41 am

UAE ranks first in the Arab world and Switzerland heads top ten labour-resilient countries

Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labour Resilience Index (GLRI) 2024. As the world confronts the profound challenges of global warming and the urgency of transitioning to a sustainable future, the impact on labour markets...

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Environment & Energy | Friday 19 January, 2024 3:40 am

Maaden starts commercial ops at Mansourah-Massarah gold mine

Saudi Arabian Mining Company (Maaden) announced today, Jan. 18, starting commercial operations at Mansourah-Massarah gold mine, according to a statement to Tadawul. The financial impact is expected to be realized starting from Q1 2024. In 2021, Maaden inked a contract with a major global...

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Business & Money | Friday 19 January, 2024 3:33 am

AZIZI DEVELOPMENTS STARTS CONSTRUCTION OF USD 1.5bn TOWER

Azizi Developments, a leading private developer in the UAE, has today launched the construction of the second tallest tower, worth USD 1.5bn, located on prime plot of land on Dubai’s Sheikh Zayed Road. Scheduled to be completed within 4 years, the tower will feature a vertical mall, luxury...

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Business & Money | Friday 19 January, 2024 3:32 am

solutions renews credit facilities deal worth SAR 1.5B with SNB

Arabian Internet and Communications Services Co. (solutions) renewed a Shariah-compliant credit facilities agreement with the Saudi National Bank (SNB) and extended the short-term credit facilities limit.   In a filing to Tadawul today, Jan. 18, the company said the facilities...

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Business & Money | Friday 19 January, 2024 3:24 am

SASCO signs investment contracts with SPGA for fuel station

Saudi Automotive Services Co. (SASCO) announced today, Jan. 18, that it has signed three investment contracts for fuel station sites in the Eastern Region with the State Properties General Authority (SPGA). The first station, located on the Dammam-Abu Hadriyah Road, will be 40,000 square...

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Business & Money | Friday 19 January, 2024 3:23 am

Saudi non-oil GDP seen to grow 5% in 2024: Minister

Saudi Arabia’s non-oil economy is projected to grow between 4.5% and 5% this year, Faisal Alibrahim, Minister of Economy and Planning, said during a discussion at the World Economic Forum (WEF) in Davos.     He also expected that the tourism sector will...

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Business & Money | Friday 19 January, 2024 3:22 am

Private sector provides 800,000 jobs in 2023: Al-Jadaan

Saudi Arabia aims to tap local and international debt markets, Minister of Finance Mohammed Al-Jadaan, told CNBC in Davos, adding that it is not in a dire need for borrowing.   As the debt market helps obtain loans at reasonable interest, the Kingdom will tap these opportunities ...

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Tourism & Hospitality | Friday 19 January, 2024 3:21 am

Saudi Arabia targets 10% transit passengers by 2030: GACA

Abdulaziz Al-Duailej, President of the General Authority of Civil Aviation (GACA) said that the Saudi aviation strategy aims for only 10% of 330 million passengers to be transit passengers by 2030. This came during his participation at a ministerial session held on the sidelines of the Wings...

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Business & Money | Thursday 18 January, 2024 9:00 pm

Insurance sector in Dubai is keeping pace with market developments and government plans in line with the Dubai Economic Agenda (D33)

ANIB, a leading insurance brokerage with a commitment to excellence, innovation, and customer centricity, today announced that it is expanding and enhancing its portfolio of personalized medical insurance offerings. The move comes in recognition of the evolving healthcare needs of the dynamic and...

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Business & Money | Thursday 18 January, 2024 10:20 am

WEBENGAGE LEADS THE WAY IN DATA RESIDENCY IN Saudi Arabic, empowering HEIGHTENED SECURITY AND COMPLIANCE

Responses by Raahul Seshadri, Director - Engineering at WebEngage 1. What inspired WebEngage to create data residency in Saudi? And how does it relate to WebEngage’s regional aspirations?   Data Residency is a major policy being implemented by global economies in the interest...

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