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NHC signs deals to revolutionize Saudi real estate sector with innovative technologies
Saudi Arabia’s National Housing Co. signed two agreements at LEAP 2024, aiming to support real estate activities in the Kingdom by crafting unique business intelligence solutions.
The deal were signed with data science company Quant and…
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Saudi aviation professions localization plan enters 2nd phase
The number of Saudi flight attendants and fixed-wing pilots is set to increase as the localization plan for the Kingdom’s aviation sector enters its second phase.
The Ministry of Human Resources and Social Development, in collaboration…
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Saudi Arabia startups close February with $16.3m in funding
Saudi Arabia emerged as a significant player in the startup ecosystem this February, raising $16.3 million, making it the second-highest amount secured by any country across the Middle East and North Africa.
According to Wamda’s monthly…
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Egypt begins process for privatization of airports
Egypt began the executive process for offering the management and operation of Egyptian airports to the private sector, a Cabinet statement said on Monday.
Egypt is due to set an international tender for operating Egyptian airports,…
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Hilton to operate 3 new resorts in UNESCO World Heritage Site Al-Ahsa
Saudi Arabia’s UNESCO World Heritage site, Al-Ahsa, is set to provide an enhanced hospitality experience as Hilton introduces three new resorts, establishing a farm-focused tourism hub.
The global hotel operator and Dan Co., a Public…
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MODON and General Electric seal deal to operate $346m technology center in Dammam
Dammam’s General Electric Manufacturing Technology Center will soon begin operations thanks to a new agreement signed by the Saudi Authority for Industrial Cities and Technology Zones.
The authority, also known as MODON, inked the deal…
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Turkiye inflation rises to 67%, keeping pressure on central bank
Turkiye’s annual inflation rate climbed to 67.07 percent in February, exceeding expectations and keeping up pressure for tight monetary policy amid strong rises in food, hotel and education prices, official data showed on Monday.
Shortly…
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Saudi Arabia extends voluntary oil cut of 1m barrels per day until mid-2024
Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.
An Energy Ministry source announced Riyadh “will extend its voluntary cut of 1 million barrels per day, which was…
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Saudi banks’ money supply surges 10% to reach $726bn in January
Saudi Arabia’s money supply surged 10 percent in January to reach SR2.72 trillion ($726 billion), the central bank data showed.
The growth was primarily driven by a substantial rise in banks’ term and savings accounts, which recorded a…
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Saudi ‘Sah’ savings product second round opens, offering 5.63% return
Saudi residents can once again boost their savings rates with the commencement of the second round of subscriptions for the savings product “Sah” on March 3.
The Shariah-compliant, government-backed sukuk offers a return of 5.63 percent,…
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