Culture & Education | Thursday 15 June, 2023 12:12 pm

Over 120 Saudi youth join Innovation Summit to explore next-gen STEM careers

More than 120 Saudi university students joined the Saudi Arabia Innovation Summit 2023, organized by Schneider Electric, for exclusive career coaching, designed to create better job prospects and empower the country’s youth to be future trailblazers in science, technology, engineering and...

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Business & Money | Thursday 15 June, 2023 11:46 am

Top Japanese architect expands operations in Dubai cementing 30-year pedigree in the emirate

Leading Japanese architectural, engineering, and urban design firm, Nikken Sekkei, one of the world’s largest practices, celebrated the launch of the company’s local subsidiary and new office in Dubai Design District (D3) at a glittering reception in Dubai...

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Tourism & Hospitality | Thursday 15 June, 2023 9:28 am

MENA Leisure and Amusement industry’s accelerating its march towards net zero

In their march towards net zero government entities, policymakers and private institutions across the MENA region are putting in concerted efforts to build a robust sustainability roadmap. It is crucial to note that tourism-related activities account for approximately 8% of global carbon emissions, ...

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Technology & IT | Thursday 15 June, 2023 9:24 am

Petrofac and AUS unveil dynamic collaboration to accelerate IT innovation and excellence in the digital age

With the signing of a Memorandum of Agreement (MOA), American University of Sharjah (AUS) and Petrofac, a leading global provider of energy services, have joined forces to shape the future of technology and empower the next generation of information technology (IT) professionals as part of the...

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Culture & Education | Thursday 15 June, 2023 9:17 am

Zayed University "Give Back" Campaign Launched to Encourage Alumni to Mentor Next Generation of UAE Leaders

Zayed University has launched a new "Give Back" campaign which invites alumni to share their expertise with the next generation of UAE leaders. At a launch event held at both campuses in Abu Dhabi and Dubai, Zayed University committed to strengthening the bond with their...

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Business & Money | Thursday 15 June, 2023 9:10 am

Jada Fund of Funds Company commits to invest in Investcorp’s $500 million Saudi Pre-IPO Growth Fund

Investcorp, a leading global alternative investment firm, has announced that Jada Fund of Funds, a subsidiary of the Public Investment Fund (PIF), has committed to invest in Investcorp Saudi Pre-IPO Growth Fund (the “Fund”). The Fund was launched last year to invest in a diversified portfolio...

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Business & Money | Thursday 15 June, 2023 9:06 am

Schneider Electric inaugurates new production line to manufacture ‘Made in Saudi Arabia’ products

Schneider Electric, a global leader in the digital transformation of energy management and automation, has opened a new production line in Riyadh to manufacture hardware that will contribute to Saudi Arabia’s energy efficiency and sustainability. The state-of-the-art production line will...

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Government | Thursday 15 June, 2023 12:00 am

Ministry of Economy and Planning, NEOM Company Sign MoU

The Ministry of Economy and Planning has signed a memorandum of understanding (MOU) with NEOM Company, aiming to strengthen bilateral cooperation and exchange experiences in overseeing and supporting economic and statistical activities within NEOM. The MOU was signed today at the Ministry's...

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Business & Money | Wednesday 14 June, 2023 11:03 pm

US Fed holds key rate for first time since March 2022

The Federal Reserve kept interest rates unchanged for the first time since 15 months.The Federal Reserve kept its key interest rate steady at the range of 5%-5.25% after raising interest for 10 consecutive meetings.In its policy statement after the meeting, the Federal Reserve...

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Business & Money | Wednesday 14 June, 2023 3:21 pm

Saudi Arabia jumps to 16th spot on UNCTAD maritime connectivity index

The United Nations Conference on Trade and Development (UNCTAD) Liner Shipping Connectivity Index for Q2 2023 noted another bump in connectivity for Saudi Arabia to advance to the 16th position. UNCTAD scored Saudi Arabia at 76.16 points in Q2 2023, within 187 countries, through various...

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