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The Saudi Arabian technology sector witnessed a significant surge in the second quarter of 2024, fueled by a dramatic rise in registrations for artificial intelligence (AI) and cloud computing services. According to data released by the Saudi Ministry of Investment, registrations for AI technologies jumped by an impressive 53% compared to the same period last year. Cloud computing services also saw a substantial increase, with registrations climbing […]

Flynas, the leading low-cost airline in the Middle East, marked a new chapter in regional connectivity with the inauguration of its first direct flight between Riyadh, Saudi Arabia, and El-Alamein International Airport on Egypt’s North Coast. This expansion adds the picturesque Mediterranean city to flynas’ growing roster of summer destinations, offering passengers a new option for their travel needs. The inaugural ceremony, held on Wednesday, July 3rd, […]

Saudi Arabia’s tourism sector has witnessed a significant surge in the first quarter of 2024, with tourist spending exceeding $12 billion, according to the kingdom’s Ministry of Tourism. This substantial figure marks a considerable increase compared to previous quarters, indicating a positive trajectory for the nation’s tourism industry. The Ministry attributed this growth to a number of factors, including the introduction of electronic visas, streamlined travel procedures, […]

  RIYADH – JUNE 28, 2024 – The Esports World Cup Foundation today revealed details of the second edition of the New Global Sport Conference (NGSC) 2024. This exclusive annual B2B conference, themed The Future of Fandom, will be held on August 24-25 at the Four Seasons Hotel in Riyadh, Saudi Arabia, following the conclusion of the Esports World Cup. The NGSC is set to be the […]

The Esports World Cup (EWC), gearing up for its grand tournament in Riyadh, Saudi Arabia, has secured a key partnership with global technology leader HONOR. This collaboration designates the HONOR 200 Pro as the official smartphone for the EWC’s mobile game competitions. The prestigious EWC, known as the world’s largest gaming festival, attracts top esports athletes worldwide. This focus on elite competition aligns perfectly with HONOR’s commitment […]

Riyadh, Saudi Arabia, Duisburg, Germany, and Oslo, Norway – 1st July 2024 RIYADH, SAUDI ARABIA/ DUISBURG, GERMANY/ OSLO, NORWAY – Newsaktuell – 1 July 2024 – MVW Lechtenberg Projektentwicklungs- und Beteiligungsgesellschaft GmbH, the leading consulting firm specializing in alternative fuels for the cement and related industries, in collaboration with Empower, a leading provider of innovative traceability solutions, is excited to announce the launch of a transformative plastic […]

Saudi Arabia is bracing for another week of scorching temperatures as the National Center of Meteorology predicts unrelenting heat across the country. The unrelenting sun will see highs soar between 46 and 49 degrees Celsius in the Eastern Region and parts of Riyadh from Sunday, June 30, until Friday, July 5. Residents in these areas can expect sweltering conditions, making it dangerous to be outdoors for extended […]

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Dubai and Abu Dhabi, the glitzy emirates of the United Arab Emirates (UAE), have cemented their positions as regional leaders and climbed the ranks of the world’s most liveable cities according to the Economist Intelligence Unit’s (EIU) 2024 Global Liveability Index. The report, released on June 27th, highlights the UAE’s growing strength in liveability. Both Dubai and Abu Dhabi secured spots in the coveted “very high” liveability […]

Saudi Arabia’s fourth-largest flour producer, Arabian Mills for Food Products (formerly known as the Second Milling Company), is preparing to sell a 30% stake in an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). The move comes as the country implements its Vision 2030 plan to diversify its economy and lessen its reliance on oil revenue. The Capital Markets Authority (CMA), Saudi Arabia’s market regulator, […]

National Medical Care Company (Care), a leading Saudi healthcare provider, has announced a strategic move to expand its footprint in the kingdom’s medical services sector. The company signed a definitive agreement to acquire Al Salam Health Medical Hospital for a total consideration of 44 million Saudi riyals, translating to approximately $11. 74 million. This acquisition aligns with Care’s vision to augment its service offerings and cater to […]

Saudi Arabian authorities reported a devastating toll from this year’s Hajj pilgrimage. More than 1, 300 pilgrims died during the religious rituals, with scorching desert heat a significant contributing factor. The fatalities raise serious concerns about safety measures for the annual event, which attracts millions of Muslims from around the globe. Health Minister Fahd bin Abdurrahman Al-Jalajel stated that a staggering 83% of the deceased were unauthorized […]

Financial services giant Franklin Templeton announced the appointment of Hardeep Dogra to its Global Sukuk and MENA Fixed Income team, bolstering its expertise in Islamic finance. Dogra joins the team as a Portfolio Manager and Research Analyst, bringing his experience to a unit recognized as one of the largest globally focused on sukuk investments. Franklin Templeton has established a strong presence in the Middle East and North […]

Saudi Arabia’s capital, Riyadh, is surging as a breeding ground for innovative startups, according to a recent report by Startup Genome, an international research organization. The report ranks Riyadh as the fourth most promising startup ecosystem in the Middle East and North Africa (MENA) region. This impressive achievement is just one facet of a broader trend – three Saudi Arabian cities secured spots on the prestigious list. […]

Saudi Arabia’s capital, Riyadh, is embarking on a new era of urban development centered around sustainability. The Riyadh Infrastructure Projects Center (RIPC), recently entrusted with the task of overseeing infrastructure projects, has issued its first license. This marks a significant step towards a more streamlined and ecologically conscious approach to infrastructure expansion in the region. The inaugural license pertains to utility connection excavations, with a validity period […]

Saudi Arabia’s housing market is experiencing a surge in demand, with the capital Riyadh witnessing a particularly strong performance. According to a report by CBRE, a global consultancy firm, residential property sales in Riyadh skyrocketed by 77% in the first quarter of 2024 compared to the same period last year. This significant growth indicates a thriving residential market in the Saudi capital. The report further highlights that […]

Saudi Arabia’s property market is undergoing a transformation, fueled by a surge in rental yields for upgraded properties. This trend is particularly evident in Riyadh, the kingdom’s capital, where a booming construction sector is striving to keep pace with rising demand for modern living spaces. Experts note a significant shift in landlord strategies. Many are opting to renovate and retrofit their existing properties to capitalize on the […]

Arabian Post Staff – At the Riyadh conference this week, Airbus secured a major victory after the Saudia Group, which owns both Saudia Airlines and budget carrier flyadeal, announced a record-breaking order for 105 Airbus narrow-body aircraft. This move comes as a surprise, as many analysts anticipated Boeing to be the frontrunner for this significant Saudi Arabian deal. The order consists of a mix of A320neo and […]

HONG KONG SAR – Media OutReach Newswire – 17 May 2024 – Sahm Capital, the leading all-in-one online brokerage in the Kingdom, is excited to announce its sponsorship with the Saudi Tadawul Group for the highly anticipated “Invest Wisely Program.” The announcement was made during the Capital Markets Forum in Hong Kong, where industry leaders gathered to discuss the future of global capital flows. The sponsorship for […]

In a move designed to accelerate the development of Saudi Arabia’s entertainment sector, Qiddiya Investment Company (QIC) announced the incorporation of SEVEN, the Kingdom’s leading entertainment development firm. This strategic merger strengthens Saudi Arabia’s ambition to transform its entertainment landscape and position Qiddiya, a mega entertainment city under construction, as a key contributor to the nation’s economic diversification goals. SEVEN, established in 2017 by the Public Investment […]

Riyadh, Saudi Arabia – Metric, a global financial intelligence and analytics platform built for small and medium-sized businesses (SMBs), has been backed by the 500 Global program through the Sanabil 500 Mena Seed fund. This support underlines Metric’s commitment to fostering the burgeoning SME sector in Saudi Arabia, and the push towards digitization for businesses. 500 Global, a highly renowned multi-stage venture capital firm with $2.4B in […]

Dubai-based high-end supermarket chain Spinneys is setting its sights on aggressive expansion in the United Arab Emirates (UAE) and Saudi Arabia following a successful listing on the Dubai Financial Market (DFM). The company’s initial public offering (IPO) in May 2024 attracted significant interest from both regional and international investors, raising over $375. 7 million. This capital injection will fuel Spinneys’ ambitious growth plans, which include opening new […]

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 9 May 2024 – Infinix, a trendy tech brand crafted for young consumers, announces its ultimate dual-chip gaming phone, the Infinix GT 20 Pro. Being the only smartphone to offer a dedicated gaming display chip at its price point, it delivers esports-level performance, redefining the mobile gaming experience across hardware and software. Infinix GT 20 Pro Flagship Launch Weiqi […]

 M A Hossain In the vibrant heart of Riyadh, amidst its soaring skyline and lively thoroughfares, a momentous gathering of global leaders, policymakers, and influential business figures recently unfolded. The occasion? The World Economic Forum’s Special Meeting in the Kingdom-an event of profound significance, highlighting Saudi Arabia’s escalating prominence on the international platform and marking a pivotal juncture in the region’s course. As delegates from every corner […]

James M Dorsey Israel’s latest Gaza ceasefire and prisoner exchange proposal puts the ball in Hamas’ court. The proposal, drafted in recent days by Israeli negotiators and Egyptian interlocutors, goes some way to address Hamas’ long-standing demands. The proposal makes concessions Israel has rejected in the past but raises as many questions as it opens doors to possible breakthroughs in the long-stalled negotiations mediated by Qatar and Egypt. In response, Hamas said […]

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