Business & Money | Wednesday 4 October, 2023 1:54 am

Almarai board approves SAR 405 mln investment in bakery segment

Almarai Co.’s board in a meeting on Oct. 2 approved an investment plan of SAR 405 million to increase its fresh bakery capacity, introduce new products and enter the frozen bakery segment in Saudi Arabia and other markets. The investment plan will enable Almarai to offer an expanded range of ...

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Government | Wednesday 4 October, 2023 1:51 am

Opening of first EV factory in Saudi Arabia enhances Vision 2030 success: Cabinet

The Cabinet, chaired by King Salman, stated today, Oct. 3, that the launch of the Kingdom's first electric vehicle (EV) factory adds to Vision 2030's ongoing success in diversifying economic sources, attracting investments, boosting sustainability, and localizing modern...

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Business & Money | Wednesday 4 October, 2023 1:13 am

RTA CEO receives Special Recognition Award at Automechanika Dubai 2023

Ahmed Hashem Bahrozyan, CEO of The Public Transport Agency, Roads and Transport Authority – Dubai (RTA), has received the Special Recognition Award at this year's 20th anniversary special edition of Automechanika Dubai for his outstanding contributions and commitment to innovative transport...

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Business & Money | Wednesday 4 October, 2023 1:04 am

ACWA Power signs SAR 3.4 bln water purchase agreement with DEWA

ACWA Power Co. signed today, Oct. 3, a water purchase agreement with Dubai Electricity and Water Authority (DEWA) for the first phase of the Hassyan Seawater Reverse Osmosis (SWRO) at a total value of SAR 3.42 billion ($914 million).   In a statement on Tadawul, the company said that ...

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Business & Money | Wednesday 4 October, 2023 12:53 am

MIS renews, amends SAR 350 mln credit facility deal with GIB

Al Moammar Information Systems Co. (MIS) announced the renewal and amendment of a Shariah-compliant credit facility deal worth SAR 350 million with Gulf International Bank (GIB), according to a Tadawul statement today, Oct. 3.   The credit facility is valid till June 27, 2024, said...

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Business & Money | Tuesday 3 October, 2023 4:42 pm

NOK Beauty Announces Its Arrival in the UAE - Bringing the Best of Korean Skincare to the Emirates

NOK Beauty, the premier Korean skincare select shop, proudly announces the opening of its flagship store in Yas Mall, Abu Dhabi. To mark this momentous occasion, NOK Beauty is offering a generous 15% savings on all skincare products for a limited two-week period, available both in-store at Yas Mall ...

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Business & Money | Tuesday 3 October, 2023 12:45 pm

Govt procurement utilizes 40.1% of local content: LCGPA

The local content in the Saudi government procurement hit 40.14%, Saudi Press Agency (SPA) reported, citing CEO of the Local Content and Government Procurement Authority (LCGPA), Abdulrahman Al Samari.   Meanwhile, the percentage of correct inclusion of local content requirements in...

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Business & Money | Tuesday 3 October, 2023 12:43 pm

The Family Office Officially Inaugurated its New Fintech Lab in the Presence of CBB Governor

The Family Office, the leading wealth manager in the GCC, is delighted to announce the official inauguration of its new Fintech Lab at its Bahrain headquarters, in the presence of His Excellency Mr. Rasheed Al Maraj, Governor of the Central Bank of Bahrain (CBB). The inauguration coincided with the ...

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Business & Money | Tuesday 3 October, 2023 12:41 pm

2.2 mln Saudis employed in private sector in Q2 2023: NLO

The National Labor Observatory (NLO) said the total number of nationals employed in the private sector reached 2.23 million in Q2 2023, the highest level of participation by nationals over the last quarters. The total number of Saudi employees grew by nearly 210,000 year-on-year (YoY) in Q2...

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Technology & IT | Tuesday 3 October, 2023 12:39 pm

Department of Community Development organises panel discussion to analyse impact of artificial intelligence on societies

The Department of Community Development, in cooperation with the Mohamed bin Zayed University of Artificial Intelligence, organised a lecture  titled ‘The Ramifications of the Rapid Development of Artificial Intelligence on Societies’, which highlighted the importance of AI and its...

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