Business & Money | Sunday 23 July, 2023 12:55 pm

Saudi Arabia leads region in venture capital in H1 2023 at nearly about $446 mln

Saudi Arabia recorded a decline of 27% year-on-year (YoY) in venture capital (VC) to $446 million during the first six months of 2023, according to a recent report by MAGNiTT. The number of deals was also on a decline with a 44% annual retreat in H1 2023 to 54 deals. With the government...

More Details

Business & Money | Sunday 23 July, 2023 12:38 pm

PIF Establishes Al Madinah Heritage Company to Develop and Enhance Production of Saudi Ajwa Dates

The Public Investment Fund (PIF) has announced the establishment of Al Madinah Heritage Company (“MHC” or “the Company”). The new company will play a key role in improving the quality and production capacity of Ajwa dates in the Madinah region. The launch of the Company will help further...

More Details

Government | Sunday 23 July, 2023 11:40 am

Dubai Customs posts robust H1 performance with 14 million transactions processed in 6 months

Keeping pace with the UAE’s strong economic growth, Dubai Customs cleared 14 million customs transactions during the first six months of this year, a 10% surge from the 12.7 million transactions registered in the same period last year. The UAE economy is poised to experience further growth and...

More Details

Business & Money | Sunday 23 July, 2023 11:37 am

Riyadh Development Company signs sponsorship agreement with Jahez International Company

Riyadh Development Company (ARDCO) announces the signing of a sponsorship agreement with Jahez International Company for IT Services as the official Strategic Digital Sponsor of Otaiqah Dates Season. The announcement is in line with the launch of the 2nd edition of Otaiqah Dates Season, one of the...

More Details

Sports | Sunday 23 July, 2023 11:33 am

Mastercard and Saudi Esports Federation connect Kingdom’s gamers to their passions

Building on the success of the inaugural edition of the largest gaming and esports festival in the world, Gamers8, Mastercard has announced its return to the 2023 edition, which will be larger than ever. Mastercard’s role underlines the company’s commitment to delivering a diverse and exciting...

More Details

Business & Money | Sunday 23 July, 2023 11:03 am

NHC delivers 18,000 residential units across Kingdom YTD

National Housing Co. (NHC) have delivered more than 17,700 residential units across the Kingdom year to date.   The company maintains its strategies and plans to speed up the delivery of housing units. It recently announced the handover of more than 25,000 residential units across...

More Details

Business & Money | Sunday 23 July, 2023 9:48 am

BT Group Transforms its Business Approach with a Cloud Core Network from Juniper Networks to Enable New Services at Exceptional Scale and Quality Globally

Juniper Networks (NYSE:JNPR), a leader in secure, AI-driven networks, today announced it is supporting BT Group’s ongoing transformation journey towards a highly scalable, automated and robust cloud core infrastructure for business and consumer customers. BT Network Cloud supports...

More Details

Government | Sunday 23 July, 2023 9:46 am

COP28 President calls on all countries to join Global Cooling Pledge in the lead up to COP28

Speaking on the sidelines of the 14th Clean Energy Ministerial, alongside the G20 Energy Transitions Ministerial Meeting, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and COP28 President-Designate urged countries to join the global cooling pledge, a partnership...

More Details

Government | Sunday 23 July, 2023 9:32 am

UAE to showcase defense capabilities and strengthen strategic relations at IDEF in Turkiye

nder the auspices of the Presidency of the Republic of Turkiye, Emirates Defense Companies Council (EDCC), the primary support for the UAE defense industry, will organize the UAE Pavilion in the 16th edition of the International Defense Industry Fair (IDEF 23), which will take place in Istanbul...

More Details

Culture & Education | Sunday 23 July, 2023 9:15 am

Red Sea International Film Festival Announces Shortlisted Teams for Third Edition of 48Hr Film Challenge

Following the launch of the third edition of the Red Sea International Film Festival’s 48 Hour Film Challenge, 15 teams have been shortlisted to participate in the Challenge.  The teams will participate in the Film Challenge, which will consist of two days of workshops on 21st and 22nd...

More Details