Central Park Towers, the office and event destination in Dubai International Financial Centre, has announced the launch of Fitted Offices — Level 2, a significant addition to its portfolio of premium office spaces. Scheduled for unveiling this month, this new offering continues Central Park Towers’ commitment to delivering unrivaled quality and convenience to businesses in … Read more
Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, reaffirmed his confidence in the Vision 2030 goal of attracting 30 million Umrah pilgrims annually by 2030, or even before that. “The government has made huge efforts and provided comprehensive support to achieve the objectives of Vision 2030, aiming to accommodate 30 million Umrah performers and … Read more
CAIRO: Saudi startups continue to demonstrate a pioneering stance by capturing almost half of the region’s total venture funding in the first quarter of the year, underscoring the Kingdom’s growing influence in the regional startup ecosystem. In a notable achievement, Saudi ventures secured $224 million out of the $429 million raised across the Middle … Read more
Ahead of the LEAP 2024 technology conference in Riyadh, Cisco announced the findings of its AI Readiness Index in Saudi Arabia. The index, which surveyed more than 8,000 companies across 30 countries, was developed in response to the accelerated adoption of artificial intelligence. The survey shows that 93 percent of organizations in the Kingdom have … Read more
CAIRO: The fintech sector in Saudi Arabia is increasingly drawing international attention, fueled by the nation’s strategic vision to emerge as a regional leader in this domain. In line with its national ambition, Saudi Arabia aims to become a prominent regional fintech hub, targeting the attraction of 525 financial services companies by the year 2030, as … Read more
Oil Updates – crude set for weekly gain on US economic growth, Mideast supply concerns HOUSTON/BEIJING: Oil prices eased on Friday after rising to their highest since December in the previous session, but were set for their biggest weekly gain since October as positive US economic growth and signs of Chinese stimulus boosted fuel demand … Read more
RIYADH: Customers of small and medium-sized enterprises in the Middle East could find it easier to split payments after a deal by Saudi firm Tamara and Paymob. This strategic partnership combines former firm’s buy now, pay later service with the latter’s secure payment gateway, allowing customers to pay over four installments without hidden fees or interest. … Read more
RIYADH: International freight forwarding services across the Kingdom will be strengthened further as Saudi Arabia Railways has entered into an agreement with Bahri Logistics. Under the terms of the three-year agreement, Bahri Logistics will serve as SAR’s primary freight forwarding service provider for both imports and exports, according to a press statement. The … Read more
Saudi Environment Ministry inks deal with AgriServ to strengthen agricultural support RIYADH: Saudi Arabia’s agricultural sector is set to get monitoring support in improving its productivity thanks to a memorandum of understanding signed between two government agencies. According to the Saudi Press Agency, the Ministry of Environment, Water and Agriculture and National Co. for Agricultural … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index edged up 0.65 percent or 75.62 points on Monday to close at 11, 676.34 points. Nomu, the Kingdom’s parallel market, also rose by 199.09 points or 0.85 percent to close trading at 23, 570.30. The MSCI Tadawul Index also followed suit and rose 1.04 percent to finish at … Read more