Business & Money | Wednesday 28 December, 2022 12:54 pm

Mastercard Economics Institute’s Economic Outlook for 2023: Saudi Arabia defies global dip in housing-related spending

Unemployment rate to reduce in Saudi Arabia, indicating more resilience for jobseekersBusinesses with an omnichannel presence are likelier to withstand shocks by meeting customers where they want to shopThe Mastercard Economics Institute released its annual forecast for the coming year, which shows ...

More Details

Environment & Energy | Wednesday 28 December, 2022 12:49 pm

ENOC Group awarded British Safety Council's ‘Sword of Honour’ for the second time

ENOC Group, a leading integrated global player operating across the energy sector value chain, was awarded the esteemed ‘Sword of Honour’ by British Safety Council for the second time; one of 94 organisations worldwide to have received this recognition. In addition, the Group successfully...

More Details

Business & Money | Wednesday 28 December, 2022 12:23 pm

DAMAC Lagoons adds ‘Ibiza’ cluster to infuse Mediterranean flair to community

DAMAC Properties announced the launch of the ‘Ibiza’ residential cluster in its DAMAC Lagoons master development. The latest addition to the Mediterranean-inspired community comes after the successful launch of Portofino, Venice, Malta, Nice, Santorini, Costa Brava, Marbella, and Monte...

More Details

Environment & Energy | Wednesday 28 December, 2022 8:00 am

Schneider Electric partners with Saudi Industrial Development Fund to promote energy efficiency in Kingdom's industrial sector

Schneider Electric provides digital, energy management expertise to firms under Saudi Industrial Development Fund’s Tanafusiya programBoth parties share a common vision to promote energy efficiency, digital transformation and sustainabilitySchneider Electric, the global leader in the digital...

More Details

Business & Money | Tuesday 27 December, 2022 5:11 pm

PwC Middle East identifies top trends driving the region’s banking ecosystem

PwC Middle East hosted its inaugural Financial Services Horizons - Annual GCC Leadership Meet featuring guest speaker Brett King – Australian futurist, best-selling author and co-founder of Moven – who shared insights on the need for digital transformation and disruption in the financial...

More Details

Business & Money | Tuesday 27 December, 2022 5:06 pm

Response Plus Holding PJSC announces the distribution of 50 million dirhams in interim dividends to shareholders

In a milestone initiative, the Board of Directors of “Response Plus Holding”  rendered a decision on the 26th of December 2022 enabling the distribution of interim dividends to its shareholders amounting to 50 million dirhams. This came as a result of the new Articles of Association...

More Details

| Tuesday 27 December, 2022 4:37 pm

KPMG: Saudi Insurance Industry Continues Growth, up 26.8% in Q3 2022

Insurance Pulse Report finds GWPs standing at SAR 39.28 billion (USD 10.45 billion) in Q3 2022.The motor and medical segments topped.The volatility which was visible until the first half of 2022, has now settled.IFRS 17 will be applicable in the Kingdom from January 1, 2023, leading to a...

More Details

Technology & IT | Tuesday 27 December, 2022 4:27 pm

LG’S 2023 SOUNDBARS ENRICH HOME ENTERTAINMENT WITH IMMERSIVE AUDIO AND VERSATILE FEATURES

With Convenient Functions, Enhanced LG TV Integration and Powerful Sound, Company’s Latest Models Provide Excellent User Experiences and Consumer Value LG Electronics (LG) is unveiling its 2023 soundbar lineup, including the brand-new SC9 and SE6 models, at CES 2023 in Las Vegas this...

More Details

Business & Money | Tuesday 27 December, 2022 4:17 pm

One Za’abeel completes full cladding and progresses with final construction work in preparation for grand opening

Ithra Dubai, the leading real estate developer and asset manager wholly owned by the Investment Corporation of Dubai, announced today that the final construction work at their iconic One Za’abeel development is in progress, in preparation for the grand opening scheduled for 2023.  The...

More Details

Government | Tuesday 27 December, 2022 3:56 pm

Hajj Expo Slated for January 2023, under the Patronage of Makkah Governor

Bringing together +57 international delegations  Under the patronage of H.R.H Prince Khaled Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah Region, the Ministry of Hajj and Umrah will be organizing ‘Hajj Expo 2023’ conference and exhibition, on 9-12...

More Details