Business & Money | Wednesday 12 February, 2025 1:09 pm

Saudi economy surpasses key milestone in diversification: Investment Minister

Saudi Investment Minister Khalid Al-Falih said the kingdom's economy has passed a major milestone in its diversification process, with non-oil activities now accounting for 52% of total economic activity.   Speaking at the PIF Private Sector Forum 2025, Al-Falih noted that Saudi...

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Business & Money | Wednesday 12 February, 2025 1:03 pm

Al-Hogail: SAR 200B poured into housing with private sector partnership

The housing sector attracted more than SAR 200 billion investments in partnership with the private sector, Minister of Municipalities and Housing Majid Al-Hogail stated. Speaking at the 2025 PIF and Private Sector Forum, Al-Hogail said that investments in the municipal sector exceeded SAR 19...

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Business & Money | Wednesday 12 February, 2025 12:51 pm

KPMG and Edarat launch strategic partnership to accelerate AI adoption in Saudi Arabia

KPMG has signed a partnership agreement with Edarat, a major player in the Middle East’s data center market, aimed at driving the adoption of artificial intelligence (AI) across Saudi Arabia.  A publicly listed company on Tadawul, Edarat is one of the largest independent data center...

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Business & Money | Wednesday 12 February, 2025 11:16 am

Responsible practice in coffee takes centre stage at World of Coffee Dubai 2025

The coffee industry is undergoing a transformation, with responsible sourcing, sustainability, and fair trade becoming more than just buzzwords—they’re now central to the future of coffee. At this year’s World of Coffee, industry experts are tackling key issues such as fair value for...

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Business & Money | Wednesday 12 February, 2025 11:12 am

Future of Work Forum forecasts economic shifts, outlines AI opportunities, impact on labour market

The Ministry of Human Resources and Emiratisation (MoHRE) and the Ministry of Higher Education and Scientific Research, in collaboration with the World Governments Summit Organisation, organised the second edition of the Future of Work Forum, as part of the World Governments Summit 2025, with the...

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Business & Money | Wednesday 12 February, 2025 11:08 am

Private sector to drive 80% of transport and logistics investments: Al-Jasser

Minister of Transport and Logistics, Saleh Al-Jasser, said the private sector is expected to account for 80% of targeted investments in the transport and logistics sectors.   Speaking at the PIF Private Sector Forum 2025, the minister explained that the investments will be carried...

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Business & Money | Wednesday 12 February, 2025 11:06 am

Hamdan bin Mohammed meets with CEO of Baidu at World Governments Summit

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, today met with Robin Li, Co-Founder and CEO of Baidu, a leading Chinese multinational technology company specialising in Internet services and artificial...

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Business & Money | Wednesday 12 February, 2025 11:01 am

Mohammed bin Rashid attends keynote session hosted by IMF Managing Director as part of WGS 2025

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended a keynote session entitled ‘A Conversation with the Managing Director of IMF,’ hosted by Kristalina Georgieva, IMF Managing Director that revolved around the expected...

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Business & Money | Wednesday 12 February, 2025 10:55 am

General Civil Aviation Authority achieves Guinness World Record for largest aerial display of fireworks, drones

The General Civil Aviation Authority (GCAA) has achieved an international milestone by entering the Guinness World Records with the largest and most spectacular aerial display of fireworks and drones, showcasing its leadership in aviation innovation and airspace management. This exceptional...

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Business & Money | Wednesday 12 February, 2025 10:51 am

NMDC Group delivers net profit of AED3.1 bn for 2024

NMDC Group has announced its full year financial results for 2024, achieving an exceptional 57% Y-o-Y growth in its revenues to reach AED 26.3 billion, with net profit after tax climbing by 44% Y-o-Y to AED3.1 billion compared to 2023. Earnings per share rose by 36% and total assets stood at AED...

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