Business & Money | Sunday 19 January, 2025 10:02 am

UAE’s unified approach to public safety featured at Intersec 2025

 As urbanisation accelerates and security challenges become more complex, the UAE is redefining security management through unified Command & Control Centres (CCCs), a key focus of the Security Leader’s Summit at Intersec 2025. Traditionally, command centres in sectors such as...

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Tourism & Hospitality | Sunday 19 January, 2025 9:53 am

Hilton and Saudi Tourism Authority Launch International Destination Campaign to Showcase Saudi Arabia's Diverse Travel Experiences

Hilton (NYSE: HLT) and the Saudi Tourism Authority (STA) have partnered to showcase the diverse travel experiences tourists can enjoy in Saudi Arabia through an engaging creative content campaign.  In a first-of-its-kind collaboration, short films and photos have been creatively produced...

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Business & Money | Sunday 19 January, 2025 9:42 am

Revolutionary embodied carbon calculator launched at Light + Intelligent Building Middle East as UAE targets net zero by 2050

The Chartered Institution of Building Services Engineers (CIBSE), the leading authority and standard setter on building services engineering, has launched TM65 UAE a new guide for calculating embodied carbon in building services, at Light + Intelligent Building Middle East. The launch took place...

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Business & Money | Sunday 19 January, 2025 9:39 am

Elm signs MoU with Kidana Development Company to streamline collaborative digitalisation efforts

 Elm, a pioneer in digital solutions, signed a memorandum of understanding (MoU) with Kidana Development Company, the major developer of the Holy Sites and wholly owned by the Royal Commission for Makkah City and Holy Sites. The agreement aims to bolster joint efforts in the development and...

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Business & Money | Sunday 19 January, 2025 9:28 am

Bahri signs USD 800 million Murabaha Revolving Credit Facility agreement with Al Rajhi Bank

Bahri, the National Shipping Company of Saudi Arabia and a global leader in shipping and logistics, has signed a Murabaha Revolving Credit Facility agreement of USD 800 Million (equivalent to SAR 3 billion) with Al Rajhi Bank. The move is aimed at supporting and strengthening Bahri’s financial...

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Business & Money | Saturday 18 January, 2025 12:38 pm

Maaden in talks with banks over international bond sale: CEO

Bob Wilt, CEO of Saudi Arabian Mining Co. (Madden), said the company is considering an international bond sale this year to help fund a more than $12 billion investment program through to the end of the decade.   Maaden is already in talks with banks over the potential issuance and...

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Business & Money | Saturday 18 January, 2025 12:33 pm

ACWA Power wins desalination plant project in Azerbaijan

A consortium, including ACWA Power Co. and Turkey's IC Ictas, won a project from the government of Azerbaijan to build a seawater desalination project using reverse osmosis technology in the Caspian Sea.   In a statement, ACWA Power said the project is to establish a facility capable ...

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Business & Money | Saturday 18 January, 2025 12:31 pm

MODON signs deals worth over SAR 2.3B

The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed industrial contracts worth over SAR 2.3 billion during the Future Minerals Forum (FMF).   The agreements aim to empower the mining industries in line with the Kingdom's Vision 2030, which seeks to make the...

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Business & Money | Saturday 18 January, 2025 12:28 pm

Saudi economy expected to grow 3.3% in 2025: IMF

Saudi Arabia’s economy is expected to grow by 3.3% and 4.1% in 2025 and 2026, respectively, a new report released by the International Monetary Fund (IMF) showed. The fund raised the 2025 growth forecasts from 4.6% previously in October due to extending the OPEC+ output reduction...

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Technology & IT | Thursday 16 January, 2025 7:14 pm

HONOR Launches Magic7 Pro in MEA: Empowering the Future with AI and Seamless Mobile Innovation

Global technology brand HONOR today announced the launch of the HONOR Magic7 Pro in Dubai, UAE. Committed to providing the ultimate AI Phone experience, HONOR introduced the HONOR Magic7 Pro which features cutting-edge AI capabilities that revolutionize photography, enhance display quality,...

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