Business & Money | Thursday 13 February, 2025 10:58 am

The CBUAE Signs an Agreement with ADX to Enhance Settlement Processes

The Central Bank of the UAE (CBUAE) and Abu Dhabi Securities Exchange (ADX) have signed an agreement to process cash settlements in AED for trades of ADX-listed financial instruments as well as transactions related to margin calls and collateral using the Central Bank Money (CBUAE)...

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Business & Money | Thursday 13 February, 2025 10:56 am

Diriyah Company Selects IBM Maximo Application Suite to Enhance Asset Management and Enable Operational Efficiency Across Its Expansive Infrastructure

Diriyah Company, the developer behind Saudi Arabia’s ambitious 14sq km City of Earth urban development project  has selected IBM Maximo Application Suite (MAS) to monitor and manage assets across the Diriyah Project.  As a $63.2 billion  Public Investment Fund (PIF) Giga...

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Business & Money | Thursday 13 February, 2025 10:50 am

DIFC introduces new PropTech solution, boosting Dubai’s appeal as a leading property investment destination

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has launched a new technology solution that enables third parties to access data on its real estate landscape. The Application Interface solution, commonly...

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Business & Money | Thursday 13 February, 2025 10:41 am

SCAI Announces AI League, Offering Prizes of Up to One Million Riyals to Advance Sports Innovation

Reinforcing Saudi Arabia’s commitment to integrating advanced technologies into sports, the Saudi Company for Artificial Intelligence (SCAI) is launching the AI League – a groundbreaking competition running from February 10 to the end of April 2025, with a total prize pool of one million...

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Business & Money | Thursday 13 February, 2025 9:53 am

Etihad Salam Telecom Company and National Water Company Seal Partnership to Drive Nationwide Digital Transformation in Water Management

 Etihad Salam Telecom Company, a leading provider of telecommunications services in Saudi Arabia, and the National Water Company (NWC) today formalized a partnership at LEAP 2025, paving the way for nationwide deployment of cutting-edge connectivity services and ICT solutions. Under the...

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Business & Money | Thursday 13 February, 2025 9:45 am

With the global events market set to pass $2.5 trillion by 2035, IBTM@ATM offers a brand-new gateway to the business events sector

With the global events industry projected to register a compound annual growth rate (CAGR) of 6.8% during the period 2024-35, IBTM@ATM will provide a gateway to the lucrative business events sector throughout the 32nd edition of Arabian Travel Market (ATM), which will take place at Dubai World...

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Business & Money | Thursday 13 February, 2025 9:38 am

Saudi Entertainment Ventures (SEVEN) Partners with TAWAL to Build Advanced Digital Infrastructure across its Entertainment Destinations

Saudi Entertainment Ventures (SEVEN), part of Qiddiya Investment Company (QIC), a wholly owned Public Investment Fund (PIF) entity, has entered into a strategic agreement with TAWAL, a leading Saudi telecommunications and IT infrastructure company. The partnership signed during the LEAP Conference, ...

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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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