Technology & IT | Thursday 15 June, 2023 9:24 am

Petrofac and AUS unveil dynamic collaboration to accelerate IT innovation and excellence in the digital age

With the signing of a Memorandum of Agreement (MOA), American University of Sharjah (AUS) and Petrofac, a leading global provider of energy services, have joined forces to shape the future of technology and empower the next generation of information technology (IT) professionals as part of the...

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Culture & Education | Thursday 15 June, 2023 9:17 am

Zayed University "Give Back" Campaign Launched to Encourage Alumni to Mentor Next Generation of UAE Leaders

Zayed University has launched a new "Give Back" campaign which invites alumni to share their expertise with the next generation of UAE leaders. At a launch event held at both campuses in Abu Dhabi and Dubai, Zayed University committed to strengthening the bond with their...

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Business & Money | Thursday 15 June, 2023 9:10 am

Jada Fund of Funds Company commits to invest in Investcorp’s $500 million Saudi Pre-IPO Growth Fund

Investcorp, a leading global alternative investment firm, has announced that Jada Fund of Funds, a subsidiary of the Public Investment Fund (PIF), has committed to invest in Investcorp Saudi Pre-IPO Growth Fund (the “Fund”). The Fund was launched last year to invest in a diversified portfolio...

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Business & Money | Thursday 15 June, 2023 9:06 am

Schneider Electric inaugurates new production line to manufacture ‘Made in Saudi Arabia’ products

Schneider Electric, a global leader in the digital transformation of energy management and automation, has opened a new production line in Riyadh to manufacture hardware that will contribute to Saudi Arabia’s energy efficiency and sustainability. The state-of-the-art production line will...

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Government | Thursday 15 June, 2023 12:00 am

Ministry of Economy and Planning, NEOM Company Sign MoU

The Ministry of Economy and Planning has signed a memorandum of understanding (MOU) with NEOM Company, aiming to strengthen bilateral cooperation and exchange experiences in overseeing and supporting economic and statistical activities within NEOM. The MOU was signed today at the Ministry's...

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Business & Money | Wednesday 14 June, 2023 11:03 pm

US Fed holds key rate for first time since March 2022

The Federal Reserve kept interest rates unchanged for the first time since 15 months.The Federal Reserve kept its key interest rate steady at the range of 5%-5.25% after raising interest for 10 consecutive meetings.In its policy statement after the meeting, the Federal Reserve...

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Business & Money | Wednesday 14 June, 2023 3:21 pm

Saudi Arabia jumps to 16th spot on UNCTAD maritime connectivity index

The United Nations Conference on Trade and Development (UNCTAD) Liner Shipping Connectivity Index for Q2 2023 noted another bump in connectivity for Saudi Arabia to advance to the 16th position. UNCTAD scored Saudi Arabia at 76.16 points in Q2 2023, within 187 countries, through various...

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Business & Money | Wednesday 14 June, 2023 2:23 pm

"Jazeera Paints" Takes Part in the First Annual Career Onboarding Exhibition

King Khalid University (the “KKU”) organized the First Annual Career Onboarding Exhibition Under the "KKU Expo 2023", Jazeera Paints participated in the said Exhibition for three days. Such Exhibition was launched by His Royal Highness, Prince Turki bin Talal bin Abdulaziz, the Governor of ...

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Business & Money | Wednesday 14 June, 2023 1:14 pm

Saudi Arabia Jumps to 13th Rank from 27th on IATA Air Connectivity Index

The Kingdom of Saudi Arabia jumped to the 13th position on the air connectivity index of the International Air Transport Association (IATA) in 2023, up from the 27th position in 2019. In the ranking that includes over 200 countries, the Kingdom achieved a record rise by 14 places. It achieved...

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Business & Money | Wednesday 14 June, 2023 12:37 pm

Idle Lands Program applies fess, defines scope as per prescribed criteria

The Idle Lands Program announced the second phase of fees was applied according to specific criteria, in compliance with the results of population and economic studies conducted by the program in cooperation with related authorities.   As reported by Saudi Press Agency, the...

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