Government | Friday 14 July, 2023 4:35 am

PIF assets rise to $700 bln

The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $700 billion (SAR 2.635 trillion), recent data from SWF Institute showed. PIF's assets rose by $50 billion, compared to $650 billion in...

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Business & Money | Friday 14 July, 2023 12:05 am

Liwa Ajman Dates and Honey Festival Gears Up for Eighth Edition Launch on July 27

Get ready for an exhilarating experience as dates and heritage enthusiasts in the UAE and the region eagerly await the much-anticipated Liwa Ajman Dates and Honey Festival. Celebrating its eighth edition, this spectacular event is scheduled to commence on July 27th and continue through July 30th,...

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Tourism & Hospitality | Friday 14 July, 2023 12:03 am

Address Hotels and Resorts Announces the Opening of Address Jabal Omar Makkah

Address Hotels and Resorts is thrilled to announce the opening of its latest architectural and hospitality masterpiece, Address Jabal Omar Makkah, in the holy city of Makkah, Saudi Arabia. Nestled in the iconic Jabal Omar development, this landmark property offers a truly...

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Technology & IT | Friday 14 July, 2023 12:01 am

Google launches its generative AI experiment 'Bard' in Arabic

Google announced today the launch of Bard in Arabic, in its largest expansion since it launched in English in March earlier this year. Bard is designed to enable people to use their creative potential by developing and brainstorming new ideas, learn more about the world by exploring topics from...

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Government | Thursday 13 July, 2023 10:45 am

Al Hogail reveals directives to ensure urban identity for each city

Saudi Arabia’s Minister of Municipal, Rural Affairs, and Housing, Majed Al Hogail, unveiled leadership directives that all the Kingdom’s cities shall have a clear urban identity. In an interview with Al-Arabiya TV, Al Hogail stated that works are in the pipeline under the supervision of...

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Government | Thursday 13 July, 2023 10:14 am

Mohammed bin Rashid launches international programme on training government directors

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice -President and Prime Minister of the UAE and Ruler of Dubai, today launched the International Programme for Government Directors to train and qualify government administrative competencies.The programme seeks to build knowledge bridges with...

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Business & Money | Thursday 13 July, 2023 10:05 am

Fed poised to raise rates despite cooled inflation

The Federal Reserve appears set to resume interest-rate hikes in July after data showed inflation slowed sharply in June but is still above the central bank’s target.   The consumer price index, which excludes volatile food and energy prices, rose 4.8% in June compared with a year...

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Tourism & Hospitality | Thursday 13 July, 2023 9:57 am

Dammam Airports says KFIA witnesses 17% rise in H1 2023

Dammam Airports Company (DACO) stated that the number of passengers at King Fahd International Airport (KFIA) witnessed a 17% year-on-year (YoY) growth by end of H1 2023, reaching more than 5 million passengers, according to an official tweet.   Similarly, the number of flights rose...

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Government | Thursday 13 July, 2023 9:55 am

Sakani provides 6,000 land plots for Saudi families in H1 2023

The Sakani program announced that about 6,000 plots of land were made available to its beneficiaries in the first half of 2023 through its website and application in most provinces of the Kingdom.   It added that Makkah Province came in first place with 3,982 free plots of...

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Government | Thursday 13 July, 2023 9:51 am

Real Estate Contribution Law executive regulations to be issued in 120 days: official

The Real Estate General Authority (REGA) is set to issue the executive regulations for the new Real Estate Contributions Law within 120 days, which will include the licensing procedures and conditions, in coordination with the Capital Market Authority, said REGA's official spokesman Yaseer...

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