Business & Money | Saturday 9 March, 2024 8:09 am

LEAP24 witnesses launch of $13.4B investments

The third edition of LEAP 24 conference witnessed the launch of investments worth more than $13.4 billion, said Faisal Al-Khamissi, Chairman of the Saudi Federation for Cyber Security and Programming (SAFCSP).   LEAP 24 has officially become the most attended technical conference in...

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Business & Money | Friday 8 March, 2024 6:44 am

Aramco says no impact on business due to 8% stake transfer to PIF portfolios

Saudi Arabian Oil Co. (Saudi Aramco) said the state remains the majority shareholder in the oil giant with 82.186% ownership following the transfer of 8% of the former's issued shares to wholly-owned portfolios by the Public Investment Fund (PIF). This is a private transfer where Aramco...

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Technology & IT | Friday 8 March, 2024 6:41 am

stc Group Championed Digital Transformation at LEAP 2024

stc Group concludes another successful year with its strategic partnership and participation at LEAP 2024.  The event witnessed significant announcements of global partnerships and agreements with Oracle, GalaxySpace, Ericsson and Huawei, among others.Pioneering advances in technology stc ...

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Government | Friday 8 March, 2024 6:37 am

Service suspension rules begin 01 Ramadan, excludes key services

The service suspension regulations start from 01 Ramadan 1445 AH, ensuring no harm to those with suspended services or their dependents. It strictly requires a regulatory document for implementation. Service suspensions exclude treatment, education, employment, commercial registration, and...

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Sports | Friday 8 March, 2024 4:52 am

Qiddiya City Announced as Nexus Partner for Esports World

Qiddiya City has been announced as the Nexus Partner of the Esports World Cup, a global esports competition set to take place from July to August 2024 in Riyadh, Saudi Arabia. The three year partnership will see the Qiddiya Gaming & Esports District become the official home of the Esports World ...

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Business & Money | Thursday 7 March, 2024 9:07 am

JCDC launches Jeddah Central project

Jeddah Central Development Co. (JCDC), a wholly owned subsidiary of the Public Investment Fund (PIF), initiated "Jeddah Central" featuring a sports stadium, opera house, oceanic aquariums, and an industrial museum, aiming to establish a global destination in Jeddah's heart.   Under...

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Business & Money | Thursday 7 March, 2024 8:48 am

The Sports Boulevard won the "Mega Project of the Year" Award at the KSA 2024 Construction Innovation Awards

The Sports Boulevard project, the world’s largest linear park, has been honored with the prestigious KSA 2024 Construction Innovation Awards in the category of “Mega Project of the Year". This distinguished recognition underscores the project's innovative approach to urban development and its...

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Tourism & Hospitality | Thursday 7 March, 2024 8:47 am

NEOM unveils Gidori as residential golf community

NEOM's board of directors announced Gidori as an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba, according to a statement. With ambitious architecture that blends with the dramatic natural landscape, Gidori hosts luxury hospitality, premium...

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Business & Money | Wednesday 6 March, 2024 12:21 am

PIF, Mumtalakat sign MoU to promote strategic sector investments in Bahrain

The Public Investment Fund (PIF) and Mumtalakat Holding Co., the sovereign wealth fund of the Kingdom of Bahrain, announced today, March 4, signing a memorandum of understanding (MoU). The agreement aims to expand cooperation between the two parties and enable new and promising investment...

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Government | Wednesday 6 March, 2024 12:20 am

Ministry may study dependent levy, new savings products: Al-Jadaan

Mohammed Al-Jadaan, Minister of Finance, disclosed that a study is presently in progress to re-evaluate the dependent fee, as Saudi Arabia seeks to attract skilled talents and foster stability, ultimately aiming to enhance the overall productivity.   In a podcast, Al-Jadaan explained ...

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