Business & Money | Wednesday 21 February, 2024 10:37 am

DAMAC and Vodafone Invest $100 Million in New Data Centre

In line with its global strategy of forging strategic partnerships with leading companies worldwide, EDGNEX Data Centres by DAMAC, a leading provider of digital infrastructure, has announced the establishment of a joint venture company with Vodafone to build a cutting-edge data centre in...

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Tourism & Hospitality | Wednesday 21 February, 2024 9:45 am

Dubai Customs Raises Awareness among 5150 Cruise Ship Passengers about Its Measures

Dubai Customs is actively contributing to the transformation of Dubai into a prominent global and regional hub for cruise tourism. The department is dedicated to raising awareness among travelers on cruise ships, acquainting them with the laws to prevent the entry of counterfeit goods into the...

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Business & Money | Wednesday 21 February, 2024 9:43 am

FedEx Invests USD 350 million in New State-of-the-Art Air and Ground Regional Hub

FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is expanding its footprint in the Middle East with its new Middle East, Indian Subcontinent and Africa (MEISA) state-of-the-art hub at Dubai World Central (DWC) Airport in Dubai...

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Tourism & Hospitality | Wednesday 21 February, 2024 9:35 am

Hilton Makkah Culinary Team Triumphs at Saudi HORECA 2024, Securing Gold, Silver, and Bronze Accolades

Hilton Makkah proudly announced a remarkable achievement at the prestigious Saudi HORECA 2024 cooking competition, held February 5-7th in Jeddah. The hotel's talented culinary team secured a stunning haul of accolades, including a Gold, Silver, and Bronze awards and merits, firmly establishing...

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Business & Money | Wednesday 21 February, 2024 9:19 am

Commercial Bank International adopts Bloomberg MARS as primary risk management system

Bloomberg announced today that Commercial Bank International (CBI), a leading national bank in the UAE, has adopted Bloomberg’s Multi-Asset Risk System (MARS) modules for Counterparty Risk, Market Risk and Valuation. CBI previously adopted MARS Front Office to aid its LIBOR transition and...

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Business & Money | Wednesday 21 February, 2024 9:13 am

Arcapita and RIKAZ to develop world class logistics park in Riyadh

Arcapita Group Holdings Limited (“Arcapita" or "the Firm"), the global alternative asset manager, and RIKAZ, a prominent large-scale real estate developer in Saudi Arabia, today announced a partnership to collaborate on the development of a logistics park called “The Node” in Riyadh, which is ...

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Business & Money | Wednesday 21 February, 2024 9:07 am

Soudah Development awards project management consultancy contract to Parsons

Soudah Development, a Public Investment Fund real estate development company, signed a contract today with Parsons Corporation (NYSE: PSN), in exchange of providing project management consultancy services for the development of Soudah Peaks Soudah Peaks, an upcoming year-round luxury mountain...

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Business & Money | Wednesday 21 February, 2024 9:06 am

NHC signs 6 agreement to develop 3,800 residential units in Riyadh

National Housing Co. (NHC) signed six agreements with real estate developers at a total value of more than SAR 2 billion to develop and build over 3,800 residential units.   According to NHC, the price of these units starts from SAR 475,000 in Al-Assalah Community, in the southwest...

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Business & Money | Wednesday 21 February, 2024 9:04 am

Saudi market draws SAR 400B foreign investments: El-Kuwaiz

The Saudi stock market drew foreign investments of nearly SAR 400 billion, said Chairman of the Capital Market Authority (CMA) Mohammed El-Kuwaiz.   In a panel discussion at the Saudi Capital Market Forum (SCMF) 2024, El-Kuwaiz said this figure represents nearly 12% of ...

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Technology & IT | Wednesday 21 February, 2024 12:04 am

Tadawul Group’s 5-yr plan prioritizes data monetization, securities diversification: CEO

Saudi Tadawul Group prioritizes investing in data monetization, diversifying the range of securities offered, and enhancing communication in its growth strategy for the next three to five years, said CEO Khalid Al-Hussan.   At a session during the Saudi Capital Market Forum (SCMF)...

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