Technology & IT | Wednesday 7 May, 2025 10:40 pm

AI drives major gains in customer experience in Saudi Arabia according to new KPMG study

KPMG has released its latest Customer Experience Excellence Report – Saudi Arabia 2024–2025, unveiling how artificial intelligence is fundamentally transforming customer expectations and service delivery across the Kingdom. Based on responses from more than 1,500 Saudi consumers evaluating 96...

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Business & Money | Wednesday 7 May, 2025 2:33 pm

Tabuk launches public bus transport project

Prince Fahd bin Sultan bin Abdulaziz, Governor of Tabuk Province, inaugurated today the operational phase of the city’s public bus transport project. According to SPA, the operation includes a modern urban transport network covering five main routes spanning 136 kilometers. The network will...

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Business & Money | Wednesday 7 May, 2025 2:29 pm

Saudi Arabia aims to bring medium, large cities under public transport

Work is underway to expand the coverage of public transport projects to include most medium and large cities in Saudi Arabia, Rumaih Al-Rumaih, Deputy Minister of Transport and Logistics and Acting President of the Public Transport Authority, told News 24. Speaking after the launch of the...

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Business & Money | Wednesday 7 May, 2025 2:27 pm

Localization of aviation industry top priority of Vision 2030: Alkhorayef

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said the localization of the aviation industry is a top priority in the Kingdom’s Vision 2030 and aligns with the objectives of the National Industrial Strategy. He added that the move is aimed at strengthening national...

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Business & Money | Wednesday 7 May, 2025 1:24 pm

Emirates expands footprint into Eastern China

Emirates, the world’s largest international airline, is set to launch a daily non-stop service between Dubai and Hangzhou from 30th July. The airline’s latest expansion into Hangzhou makes the city its fifth gateway into the Chinese mainland after Beijing, Guangzhou, Shanghai, and...

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Business & Money | Wednesday 7 May, 2025 1:20 pm

FTA clarifies Corporate Tax exemptions of investors in REITs

The Federal Tax Authority (FTA) has issued a new public clarification regarding Corporate Tax on the tax treatment of investors in a Real Estate Investment Trusts (REITs) who are exempt from Corporate Tax as a Qualified Fund. The general clarification can be found by clicking the link: Tax...

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Business & Money | Wednesday 7 May, 2025 1:18 pm

UAE hosts BRICS Finance Track Meeting on Public-Private Partnerships and Infrastructure

The UAE, represented by the Ministry of Finance, has hosted the first-ever BRICS event in the country, the BRICS Finance Track Working Group Taskforce on Public-Private Partnership and Infrastructure (TFPPPI). The meeting, held from 5th to 6th May in Abu Dhabi, brought together senior...

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Business & Money | Wednesday 7 May, 2025 1:14 pm

ADQ prices US$2 billion dual-tranche bond in 3rd debt capital markets issuance

Abu Dhabi Developmental Holding Company PJSC (ADQ), an active sovereign investor focused on critical infrastructure and global supply chains, has announced the successful pricing of a US$2 billion bond. The issuance marks ADQ’s third offering in international debt capital markets and...

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Business & Money | Wednesday 7 May, 2025 1:10 pm

DEWA’s Distribution Network Smart Centre promotes Dubai’s pioneering digital transformation

Dubai Electricity and Water Authority (DEWA) enhances the resilience and efficiency of Dubai's smart network through its Distribution Network Smart Centre (DNSC), enabling advanced features such as the upgrade of automatic decision-making capabilities. The smart centre accelerates DEWA's...

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Business & Money | Wednesday 7 May, 2025 1:09 pm

DMCC awards main works contract for two towers in Uptown Dubai

DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced the appointment of Ali & Sons Contracting Company – Sole Proprietorship LLC to spearhead the second phase of Uptown Dubai's transformative development. Ali & Sons...

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