Business & Money | Tuesday 2 August, 2022 10:10 am

NEOM launches public exhibition showcasing THE LINE designs

NEOM is launching an exhibition in Jeddah to showcase the recently announced designs for THE LINE.It includes detailed designs, renderings, and architectural concepts of THE LINE, allowing visitors to better understand the urban development project's scope and complexity.The exhibition, which...

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Business & Money | Monday 1 August, 2022 3:14 pm

Abu Dhabi Polytechnic, CompTIA cooperate to develop students' skills in IT

Abu Dhabi Polytechnic, a subsidiary of the Institute of Applied Technology, and CompTIA, the leading Computing Technology Industry Association, to develop Emirati students' skills in the information technology sector.Dr. Ahmed Abdel Manan Al Awar, Director-General of the Institute of Applied...

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Business & Money | Monday 1 August, 2022 1:49 pm

Aramco’s Wa’ed allocates $60m for startups in 2022: CEO

 The Aramco Entrepreneurship Center, also known as Wa’ed, has already spent $60 million as venture capital investments for Saudi startups this year as the country steadily diversifies its economy, disclosed a top official.Speaking on the sidelines of the second edition of the Fintech...

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Business & Money | Monday 1 August, 2022 1:47 pm

Saudi Central Bank approves SABB Takaful’s merger with Walaa Insurance

SABB Takaful has received the Saudi Central Bank’s approval for the merger with rival insurer Walaa Insurance, following a binding agreement between both parties last February. The execution of the transaction remains subject to obtaining regulatory approvals and votes of the extraordinary...

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Business & Money | Monday 1 August, 2022 12:10 pm

RAKEZ welcomes American artificial intelligence company Falcons.AI

Ras Al Khaimah Economic Zone (RAKEZ) welcomed Falcons.AI, an American company which provides software programmes and consultation services driven by artificial intelligence (AI). With pre-existing business-to-business and business-to-government products in its portfolio, Falcons.AI aims to...

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Business & Money | Sunday 31 July, 2022 1:22 pm

Saudi economy expands by 11.8% in Q2 on higher oil activities

According to flash estimates by the General Authority for Statistics, real gross domestic product of Saudi Arabia increased by 11.8 percent in the second quarter of 2022 from a year ago.  The growth was mainly driven by the increase in oil activities by 23.1...

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Business & Money | Sunday 31 July, 2022 11:26 am

Tadawul-listed ‘Theeb Rent A Car’ Launches New Branch in Hail, north-western Saudi Arabia

Saudi Stock Exchange (Tadawul) listed ‘Theeb Rent A Car’ has launched a new branch in Hail city, the second branch in Hail city, in the north-western Saudi Arabia. This is part of the expansion plans of the company for 2022. The company plans to cover all cities, areas, and provinces of Saudi...

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Business & Money | Sunday 31 July, 2022 11:01 am

Twitter celebrates a decade of transparency with new report

 Twitter released its twentieth report: Twitter’s commitment to transparency in action. As part of their efforts to improve the health of the public conversation, the report reflects on the platform’s progress over the past decade, and their vision going forward.  Evolution of...

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Business & Money | Sunday 31 July, 2022 10:47 am

Emirati mountaineer climbs world’s deadliest mountain, K2, as part of peace mission

When he scaled K2 last week, Saeed Al-Memari became the first Emirati to reach the top of the world’s most-dangerous mountain, a feat that he told Arab News has also become a milestone in his “special mission of peace.”The 8,611-meter-tall K2 is located in the Karakoram mountain range, which...

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Business & Money | Sunday 31 July, 2022 10:06 am

Al Rajhi Bank posts 21% profit surge to $2.2bn for H1

Saudi Arabia’s Al Rajhi Bank’s net profit hit SR8.4 billion ($2.2 billion) in the first half of 2022, bolstered by a 15 percent jump in operating income. This represents a 21 percent surge from SR6.9 billion in the same period last year, according to a bourse filing. The increase in...

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