Business & Money | Saturday 15 June, 2024 5:42 am

PIF mulls to invest $15B in Brazil: Report

The Public Investment Fund (PIF) plans to invest $15 billion in Brazil, in areas such as green hydrogen, infrastructure and renewable energy, Reuters reported, citing Alexandre Silveira, Brazil's Minister of Mines and Energy.   The plans were shared by PIF during meetings with...

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Business & Money | Saturday 15 June, 2024 5:38 am

King Salman Airport terminal to kick off in 2026: Exec

King Salman International Airport (KSIA) will open its terminal by 2026, Acting CEO Marco Mejia told Asharq News.   A runway will be launched in 2027, a new terminal in 2028, and the most prominent building in 2030, Mejia said, adding that the construction work will continue until...

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Business & Money | Saturday 15 June, 2024 5:36 am

Domestic demand seen to remain key driver of Saudi economy: IMF

The International Monetary Fund (IMF) experts said domestic demand is expected to remain the key driver of Saudi economy, expecting the non-oil growth to reach about 3.5% in 2024, amid a fall in investment growth before rising in 2025 and beyond.   This was attributed to the Public...

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Business & Money | Saturday 15 June, 2024 1:39 am

Shozon Marketplace Launches in UAE, Offering Free Listing and Referral Rewards

Dubai, UAE -  Shozon Marketplace officially launches in the UAE, a new licensed platform for real estate, cars, jobs, and classifieds listings. Shozon empowers businesses and individuals to connect with buyers, renters, employers, and potential employees through an easy-to-use...

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Business & Money | Friday 14 June, 2024 10:19 am

After the success of Bitget Wallet token (BWB) launch on Bitget launchpad MENA region witnesses a 23% increase in daily active users

Victoria, Seychelles - Bitget Crypto Exchange a leading global cryptocurrency exchange and Web3 company and Bitget MENA, crypto exchange, announced a successful launch of the Bitget Wallet Token (BWB) on its Launchpad with the MENA region witnessing a 23% increase in BWB daily active users. Bitget...

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Business & Money | Friday 14 June, 2024 4:22 am

Esports World Cup and the Esports Awards Announce Three-Year Partnership

 The Esports Awards and the Esports World Cup Foundation (“EWCF”) have announced a three-year partnership that brings the world’s most prestigious esports awards ceremony and platform to the Esports World Cup, the world's largest gaming festival set to take place this summer in Riyadh,...

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Business & Money | Friday 14 June, 2024 3:15 am

NEOM and Fahy Studios Announce First-Ever Publishing Deal Between a Saudi Gaming Studio and an International Publisher

 Today, NEOM Media Industries announced a groundbreaking publishing deal between Saudi's Fahy Studios and the renowned international video game developer and publisher, Kwalee, facilitated by the Level Up Accelerator, a key initiative of NEOM. This historic agreement marks a significant...

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Business & Money | Friday 14 June, 2024 2:45 am

Edmond de Rothschild to open office in Saudi Arabia this year

Edmond de Rothschild Group, a specialist in asset management and private banking, is set to open an office in Saudi Arabia this year and launch a platform to provide debt finance for infrastructure projects there, Reuters reported, citing the Swiss bank as saying on Thursday. The platform...

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Business & Money | Friday 14 June, 2024 1:27 am

Abu Dhabi Securities Exchange Welcomes the Listing of Alef Education on its Main Market

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, welcomed      the successful listing of Alef Education Holding plc (“Alef Education”) today, MENA’s leading provider of AI-powered learning solutions created and headquartered in the UAE....

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Business & Money | Friday 14 June, 2024 1:03 am

RAKEZ to participate in 21BY72 Startup Summit 2024 in Surat, India

Ras Al Khaimah Economic Zone (RAKEZ) announced its participation in the 21BY72 Startup Summit 2024, set to take place in Avadh Utopia, Surat, Gujarat. The event, scheduled for 15-16 June 2024, brings together global leaders, innovators, and entrepreneurs to discuss and explore the latest trends and ...

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