Business & Money | Thursday 18 April, 2024 8:52 am

Budget Saudi CEO: AutoWorld acquisition marks company’s largest-ever deal, to boost market share

United International Transportation Co.’s (Budget Saudi) acquisition of Al-Jazira Equipment Co. Ltd (AutoWorld) paves the way for a new era of growth opportunities, driven by a robust and strong Saudi economy, President & Group CEO Fawaz Danish told Argaam in an...

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Technology & IT | Wednesday 17 April, 2024 1:25 pm

HONOR Magic6 Pro Review: A Flagship Powerhouse with AI Magic in the Details

HONOR continues to surprise us all! The giant smartphone manufacturer has come out with its next iteration of its flagship Magic series, the all-new HONOR Magic6 Pro. The all-new smartphone takes on the competition and I've been fortunate to get my hands on the HONOR Magic6 Pro recently, allowing...

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Technology & IT | Wednesday 17 April, 2024 1:04 pm

Emirates NBD and partners announce second cohort of ‘National Digital Talent Incubator’ program

Following the success of the first edition of its bespoke National Digital Talent Incubator (NDTI) program, Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced the second cohort of the program, supported by its strategic partner DIFC...

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Technology & IT | Wednesday 17 April, 2024 12:47 pm

du deploys Microchip's TimeProvider® 4100 Grandmaster for advanced 5G network broadband services

du, from Emirates Integrated Telecommunications Company (EITC), today announced the deployment of Microchip's cutting-edge TimeProvider® 4100 Grandmaster, as part of its investment in 5G technology.  Saleem AlBlooshi, Chief Technology Officer at du said: "With the deployment of...

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Technology & IT | Wednesday 17 April, 2024 12:28 pm

ESL FACEIT Group and Qiddiya City Partner to Drive Esports Evolution with Five-Year Partnership

 ESL FACEIT Group (EFG), the world’s leading esports and video game entertainment company, and Qiddiya City, a global destination for entertainment, sports, and culture, today announced a five-year global partnership to empower Qiddiya’s goal of establishing the world’s premier gaming...

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Business & Money | Wednesday 17 April, 2024 10:29 am

Saudi Cable names Fawaz Al Muqbil as CEO, Khalid Khashoggi as MD

Saudi Cable Co.’s board of directors decided yesterday, April 16, to appoint Fawaz Bin Mubarak Al-Muqbil as CEO effective today, April 17. Al-Muqbil replaced Nael Samir Fayez, who was appointed as an advisor to the company’s board of directors, according to a statement to...

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Government | Wednesday 17 April, 2024 10:12 am

Riyadh Gears Up for the 2024 Islamic Development Bank Group’s Annual Meetings and IsDB Golden Jubilee Celebration

The Islamic Development Bank Group (IsDB) is set to hold its 2024 Annual Meetings and IsDB Golden Jubilee in Riyadh from April 27-30, under the Royal Patronage of the Custodian of Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud. The 2024 Annual Meetings will be held under the theme of...

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Business & Money | Wednesday 17 April, 2024 9:52 am

National Building renews SAR 85M credit facility with Alinma Bank

National Building and Marketing Co. signed a renewal for the Shariah-compliant credit facilities agreement worth SAR 85 million with Alinma Bank, according to a statement to Tadawul. The revolving loan agreement is valid for a period of nine months, the company pointed out, adding that the...

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Tourism & Hospitality | Wednesday 17 April, 2024 9:50 am

New airlines connecting Kingdom with Africa to be launched soon: Report

A new Saudi airline will soon be launched in Riyadh by an investor to link Saudi Arabia and the African continent, with the aim of supporting tourism and investment, Al Eqtisadiah News Paper reported, citing informed sources. Regulatory approvals have been obtained from both the local sides...

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Tourism & Hospitality | Wednesday 17 April, 2024 9:46 am

Passenger traffic in Saudi airports rises 26% to 112M in 2023

The air traffic in the Kingdom in 2023 reached an unprecedented record number in terms of passengers, whose number reached about 112 million passengers through various airports in the Kingdom, with a growth rate of 26% year-on-year, and more than 8% compared to 2019, which confirms the recovery of...

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