Business & Money | Wednesday 31 January, 2024 1:34 am

IMF raises Saudi GDP growth forecasts to 5.5% in 2025

The International Monetary Fund (IMF) raised its expectations for growth of the Saudi economy by about 1.3% to 5.5% for the year 2025, from the 4.2% it expected last October. The fund also said that the Saudi economy is likely to grow by 2.7% in 2024, compared to its previous projections of 4% ...

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Business & Money | Wednesday 31 January, 2024 1:29 am

Media World Signs Landmark Deal Valued Over AED 100 Million for MENA's Largest High-Resolution Outdoor Digital Screen

Media World, a leading multi-platform media group, has announced the signing of a monumental agreement with RSG Group of Companies (RSG Group) to acquire and operate the largest outdoor high-resolution digital screen in the Middle East and North Africa (MENA) region. The long-term deal was...

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Technology & IT | Wednesday 31 January, 2024 1:22 am

M42 and Broad Institute work together with Microsoft and the International Center for Genetic Disease leveraging Terra

M42 — a first-of-its-kind health powerhouse committed to reshaping the sustainable future of health with technology as a key enabler — and Broad Institute of MIT and Harvard will work with Microsoft and the International Center for Genetic Disease. The group will leverage the Terra platform to...

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Business & Money | Wednesday 31 January, 2024 1:16 am

UAE, UK explore opportunities to strengthen economic partnership

In a bid to enhance economic ties between the UAE and the United Kingdom, Abdulla bin Touq Al Marri, Minister of Economy, recently met with Greg Hands, British Minister of State (Department for Business, Energy Industrial Strategy). The bilateral meeting explored new opportunities for economic and...

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Healthcare | Wednesday 31 January, 2024 1:10 am

Health Ministry starts second phase of transformation

Saudi Minister of Health Fahad Al-Jalajel announced initiating the second phase of the health transformation, which focuses on "quality."This phase holds significant importance, focusing on the tangible transition of health clusters into the Health Holding Co. Al-Jalajel emphasized...

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Sports | Wednesday 31 January, 2024 1:04 am

Sports Ministry to launch SAR 10.1B stadium construction, expansion tenders: Report

Saudi Arabia's Ministry of Sport plans to issue tenders for sports stadium expansion and construction, part of a SAR 10.1 billion capital projects program, MEED reported, citing sources in the know.   “The prequalification process has been completed and the tender for the stadiums...

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Business & Money | Wednesday 31 January, 2024 1:02 am

Abdul Latif Jameel Health announces a strategic acquisition of a majority stake in Genpharm

Abdul Latif Jameel Health, part of Abdul Latif Jameel, a nearly 80-year old internationally diversified business, today announced its strategic acquisition of a majority stake in Genpharm, the leading partner for rare diseases with market access across the Middle East,...

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Technology & IT | Wednesday 31 January, 2024 12:48 am

Saudia Academy Elevates Aviation Training with the Launch of Two New A320neo Simulators

Saudia Academy, a strategic business unit of Saudia Group, announced the launch of two new A320neo flight simulators, provided by L3Harris Technologies (LHX). This addition brings the academy's total to five advanced simulators of this type.  The launch event, held under the patronage of...

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Business & Money | Wednesday 31 January, 2024 12:41 am

"Skyline Builders" Marks Historic Entry into Dubai Real Estate with Avant Garde Residences, Sells 50% During Grand Opening

In a landmark event on the 27th and 28th of January 2024, Skyline Builders, Kerala’s renowned real estate developer, marked a historic milestone with the grand unveiling of its inaugural project in Dubai – Avant Garde Residences. The event coincided with the opening of the Dubai headquarters in ...

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Business & Money | Wednesday 31 January, 2024 12:40 am

Cenomi Centers reports 19% footfall rise to 124M in 2023

Arabian Centres Co. (Cenomi Centers) reported a surge in occupancy rates and visitor number in 2023, as its 22 malls in 10 major Saudi cities received 124 million visitors.   This represents a 19% year-on-year (YoY) rise in footfall, surpassing the pre-Covid level of 114...

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