Business & Money | Tuesday 2 August, 2022 10:21 am

Aramco to acquire Valvoline’s Global Products Business in a $2.65bn deal

Saudi oil giant Aramco has signed a $2.65 billion equity purchase agreement to acquire US-based Valvoline’s Global Products Business, according to a statement.  Valvoline Global Products is a producer and distributor of premium branded automotive, commercial and industrial lubricants,...

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Business & Money | Tuesday 2 August, 2022 10:16 am

Twitter to WhatsApp: Social media companies standing up to Indian government

Twitter and WhatsApp are pushing back against the Indian government’s request to remove content and weaken encryption in a move that could see Prime Minister Narendra Modi’s government further tighten its grip on media freedom in the country, experts claim.“The Modi government’s tactic of...

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Business & Money | Tuesday 2 August, 2022 10:10 am

NEOM launches public exhibition showcasing THE LINE designs

NEOM is launching an exhibition in Jeddah to showcase the recently announced designs for THE LINE.It includes detailed designs, renderings, and architectural concepts of THE LINE, allowing visitors to better understand the urban development project's scope and complexity.The exhibition, which...

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Culture & Education | Tuesday 2 August, 2022 10:08 am

Saudi heritage: Silent Thamud inscriptions speak of Hail’s ancient cultural legacy

Ancient Thamudic inscriptions and drawings adorn almost every street and alleyway in Hail, a testament to the region’s ancient cultural legacy, which has been drawing increasing numbers of tourists to the area.This city in the north of the country has thousands of Thamudic inscriptions dating...

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Government | Monday 1 August, 2022 4:22 pm

Saudi, Pakistani officials discuss supporting growth of digital economy

Saudi Arabia’s minister of communications and information technology met with Pakistan’s ambassador to the Kingdom in Riyadh on Sunday, Saudi Press Agency reported.  Abdullah bin Amer Al-Swaha and Ameer Khurram Rathore discussed ways to enhance bilateral relations, support the growth...

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Business & Money | Monday 1 August, 2022 3:14 pm

Abu Dhabi Polytechnic, CompTIA cooperate to develop students' skills in IT

Abu Dhabi Polytechnic, a subsidiary of the Institute of Applied Technology, and CompTIA, the leading Computing Technology Industry Association, to develop Emirati students' skills in the information technology sector.Dr. Ahmed Abdel Manan Al Awar, Director-General of the Institute of Applied...

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Business & Money | Monday 1 August, 2022 1:49 pm

Aramco’s Wa’ed allocates $60m for startups in 2022: CEO

 The Aramco Entrepreneurship Center, also known as Wa’ed, has already spent $60 million as venture capital investments for Saudi startups this year as the country steadily diversifies its economy, disclosed a top official.Speaking on the sidelines of the second edition of the Fintech...

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Business & Money | Monday 1 August, 2022 1:47 pm

Saudi Central Bank approves SABB Takaful’s merger with Walaa Insurance

SABB Takaful has received the Saudi Central Bank’s approval for the merger with rival insurer Walaa Insurance, following a binding agreement between both parties last February. The execution of the transaction remains subject to obtaining regulatory approvals and votes of the extraordinary...

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Culture & Education | Monday 1 August, 2022 1:44 pm

Saudi tourism, AI among final proposals for Misk Leaders 2030 program

Twenty-seven Saudi leaders from government, business and non-profit sectors presented their final proposals for the Leaders 2030 program at a ceremony on Sunday. The program will be overseen by the Crown Prince Mohammed bin Salman Foundation, or MISK, which allows talented individuals to...

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Business & Money | Monday 1 August, 2022 12:10 pm

RAKEZ welcomes American artificial intelligence company Falcons.AI

Ras Al Khaimah Economic Zone (RAKEZ) welcomed Falcons.AI, an American company which provides software programmes and consultation services driven by artificial intelligence (AI). With pre-existing business-to-business and business-to-government products in its portfolio, Falcons.AI aims to...

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