Business & Money | Sunday 31 July, 2022 10:06 am

Al Rajhi Bank posts 21% profit surge to $2.2bn for H1

Saudi Arabia’s Al Rajhi Bank’s net profit hit SR8.4 billion ($2.2 billion) in the first half of 2022, bolstered by a 15 percent jump in operating income. This represents a 21 percent surge from SR6.9 billion in the same period last year, according to a bourse filing. The increase in...

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Business & Money | Sunday 31 July, 2022 10:02 am

Saudis hail Vision 2030 women’s workforce figures

Saudis have hailed workforce figures that reveal the growing role of women in the national economy as part of Vision 2030. Saudi women now comprise 33.6 percent of the Saudi workforce as of March 2022, according to the General Authority for Statistics. That figure is up from 17.4 percent just...

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Tourism & Hospitality | Sunday 31 July, 2022 10:00 am

Hamdan bin Zayed briefed on preparations for ADIHEX 2022

Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club (EFC), has issued directives for the development the strategy of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) to further enhance its role in...

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Business & Money | Sunday 31 July, 2022 9:46 am

HIPA announces winners for eleventh season of ‘Nature’

The Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award (HIPA) announced the winners of its 11th season of competition "Nature". British photographer, Henley Spiers won the coveted grand prize of US$120,000, while the embodiment of Arab creativity photographers saw...

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Tourism & Hospitality | Saturday 30 July, 2022 1:42 pm

Islamic Solidarity Games: Action for consonance

Much work has been done and much effort has been spent on global reconciliation. As the most recent contribution, Türkiye will host the 5th Islamic Solidarity Games to make a fresh start towards world peace. Approximately six thousand athletes from 56 different Islamic countries will...

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Business & Money | Saturday 30 July, 2022 1:38 pm

Enhance Ventures Launches $30M Builders Fund

Enhance Ventures (www.enhance.online), the MENAPT region’s leading venture studio, has announced the launch of its $30M Builders Fund, which will invest in the company’s next set of ventures for the future of finance and commerce in the Middle East. Through the fund, the company plans to...

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Business & Money | Friday 29 July, 2022 3:01 pm

Russia fines Google $34 mln for breaching competition rules

Russia’s competition watchdog fined Alphabet’s Google 2 billion roubles ($34.2 million) on Tuesday for abusing its dominant position in the video hosting market, the regulator said in a statement.The decision is the latest multi-million dollar fine as part of Moscow’s increasingly assertive...

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Business & Money | Friday 29 July, 2022 2:59 pm

Saudi Arabia, France discuss stabilizing global energy markets, food supplies

Saudi Crown Prince Mohammed bin Salman and French President Emmanuel Macron discussed the importance of stabilizing global energy markets and food supplies during the crown prince’s visit to France, a statement published by state news agency (SPA) reported on Friday. Both leaders also agreed ...

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Healthcare | Friday 29 July, 2022 2:32 pm

WHO Hails Readiness of Saudi Center for Crisis and Disaster Management

A delegation from the World Health Organization's WHO regional office accompanied by a Yemeni Health Ministry team visited on Thursday, July 28, the Health Emergency Operation Center in Riyadh. Saudi Health said that the visiting delegation was briefed on the center's experiences in the field...

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Cars & Autos | Friday 29 July, 2022 2:29 pm

Hyundai IONIQ 5-based Robotaxi: a step into the future

The transformation in the future of mobility can only be achieved by the constant search for ways to quicken our vision of 'progress for humanity’. With leading the new wave of autonomous technologies, we aim to devote our attention to developing the future of robotics and continue on our long...

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