Saudi Arabia

Saudi Arabia forecasts slower growth, budget deficit for 2023

The largest Arab economy expects real gross domestic product to grow by 0.03 per cent this year

RTA awards project for Hessa Street Improvement project Image RTA Dubai Media Office

Hessa Street capacity to double; RTA awards Dhs689m contract for major revamp

The project will double the lanes on Hessa Street from two to four in each direction and boost its capacity to accommodate 8,000 vehicles per hour

Edge Group acquires 50 per cent stake in SIATT Image Edge Group

UAE-based Edge Group acquires 50% stake in Brazil’s SIATT

SIATT specialises in the integration of systems with advanced technological content for defence and aerospace sectors

World Green Economy Summit 2023 Theme revealed by DEWA Image courtesy Dubai Media Office

Dubai: World Green Economy Summit to be held in Nov, theme revealed

The summit will be held on November 28-29 in Madinat Jumeirah, Dubai

Truck ban on Abu Dhabi roads Image courtesy WAM

Abu Dhabi issues temporary entry ban on trucks, worker-buses on Oct 2

The step has been taken to ensure smooth traffic flow during the ADIPEC 2023 conference, which is taking place in the UAE’s capital

Mubadala Manipal Hospitals talks

Mubadala in talks with Temasek for stake in India’s Manipal Hospitals: Report

An investment from Mubadala could help Manipal Hospitals to expand its business

UAE announces fuel prices for October 2023

UAE announces petrol, diesel prices for October

The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 3 fils per litre in October

Lombard Odier

Swiss bank Lombard Odier plans expansion after getting new Dubai licence

The Swiss bank is expanding its UAE presence as part of a push to tap family wealth and a growing pool of entrepreneurs

alternative investment

The UAE as the new alternative investment hub

A look at the emerging trends and challenges in risk management for alternative investment fund managers

DIB acquires minority stake in Türkiye’s T.O.M. Group

DIB acquires minority stake in Türkiye’s T.O.M. Group

The transaction will be formalised after the clearance from the Turkish competition watchdog

How cloud technology is driving innovation in GCC banking sector

How cloud technology is driving innovation in GCC banking sector

The cloud allows banks to launch new products and services quickly and easily, such as mobile apps and digital wallets

Transformation through AI

Insights: Why workforce transformation hinges on AI

Leverage generative AI to enhance productivity, improve candidate and employee experience, and streamline HR processes

Finding the right balance Virtual assets regulation in the UAE

Finding the right balance: Virtual assets regulation in the UAE

The new CBUAE guidance related to the virtual assets sector is aimed at strengthening the supervisory and regulatory frameworks of the country’s central bank and other relevant bodies in line with global best practices

Zenbook Pro 14 OLED

ASUS Zenbook Pro 14 OLED: Powering performance for content creators, programmers

The laptop redefines productivity and creativity with its innovative combination of power, storage and display quality

Saudi unemployment plunges to 4.9% in Q2 2023

Saudi unemployment plunges to 4.9% in Q2 2023

The unemployment rate for female citizens fell to 15.7 per cent, from 19.3 per cent a year ago

Aramco acquires stake in EIG’s MidOcean Energy

Aramco enters global LNG market with stake in MidOcean Energy

The energy firm has the option to increase its shareholding and associated rights in the future

Proven Consult

Proven Consult’s Hilel Baroud on adoption of robotic process automation in the region

The CEO explains how robotic process automation and artificial intelligence have become a necessity for large organisations in the region

azizi-venice

Azizi Developments launches new Dhs30bn Dubai South mixed-use property: Azizi Venice

The project will comprise more than 30,000 residential units, spread over 100 apartment complexes, and over 400 luxury villas and mansions

Mohammed A Baker, deputy chairman CEO of GMG Image Supplied

Global wellbeing conglomerate, GMG, is focused on supporting UAE’s food security strategy

GMG is helping advance national efforts to develop sustainable food production systems through modern technologies while enhancing local production

InterContinental Durrat Al Riyadh Resort and Spa (Image: Supplied by IHG Hotels and Resorts) 

InterContinental unveils first Riyadh resort

InterContinental Durrat Al Riyadh Resort and Spa recently underwent a SAR45 million refurbishment

Radisson announces ambitious expansion plans for middle East

Radisson targets to have 100 operational hotels in Middle East by 2026

Radisson Hotel Group’s current portfolio has 77 properties in the Middle East comprising over 11,619 keys

United Arab Emirates and Philippines flag Image Getty Images

UAE-Philippines strengthen aviation ties; flights, cargo capacity to increase

The agreement looks at increasing air cargo from 200 to 600 tonnes per week for every national carrier and approving the operation of Airbus A380 aircraft

TCL 40 SE

Hands-on review: TCL 40 SE smartphone

The smartphone makes an attractive choice for users seeking a budget-friendly device with reliable performance

Saudia Airlines

Saudia resumes services to Canada in December: Restarts Jeddah-Toronto route

The flights to Toronto Pearson International Airport will commence operations on December 2

DP World invested $6bn to become supply chain behemoth

Dubai’s DP World invested $6bn to become supply chain giant

The state-owned firm has undertaken substantial investments spanning multiple countries across the globe

Cricket Ball On The Pitch

Cricket World Cup 2023: Teams, fixtures, live stream details

India is hosting the top cricketing nations as they compete in the ICC Men’s ODI World Cup

Lucid opens Saudi Arabia’s first car production facility

Lucid opens Saudi Arabia’s first car production facility

The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year

Bybit and DMCC have launched a $100,000 hackathon Image Bybit

DMCC Crypto Centre, Bybit announce Web3 hackathon; here’s how to apply

The final round will see 10 teams compete for a total prize pool of $100,000 to develop creative technical solutions within the fields of artificial intelligence, gaming and information security

Dubai 10X Sheikh Hamdan approves new projects as part of third cycle Image Dubai Media Office

Dubai 10X: Sheikh Hamdan approves new projects in third phase

These new projects will streamline transportation within Dubai, enhance the travel experience at Dubai’s airports and establish a robust healthcare system

UAE economy to grow 3% in 2023, says S&P Global

UAE economy to grow by 3% in 2023, says S&P Global

The government has implemented comprehensive economic and social initiatives that are designed to set the stage for sustained and long-term growth