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Saudi group launches operations to boost AlUla development
AlUla Development, a unit of Saudi wealth fund PIF, is set to launch its operations to support the development of AlUla. From inception to completion, the company will help deliver a range of hospitality, residential, retail and infrastructure projects.
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GMG to expand in SE Asia by opening 100 stores by 2025
GMG, UAE’s homegrown conglomerate with a rich 45-years legacy, aims to open 100 new stores by 2025 to support its ambitious Southeast Asia expansion plans.
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Aramco signs $7.2bn deals to boost digital transformation
Saudi oil giant Aramco signed over 100 agreements and MoUs worth around $7.2 billion to help advance a diverse, sustainable and globally competitive industrial ecosystem at the ongoing In-Kingdom Total Value Add (iktva) Forum and Exhibition in Dammam.
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Mashreq profit surges to $1bn; deposits up 12%
Mashreq, one of the leading financial institutions in MENA, today reported a strong net profit of AED3.7 billion ($1 billion) for FY 2022, a growth of 267% compared to AED1 billion in 2021.
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Revving up the EV market in the Middle East
Although the electric vehicle (EV) market in the Middle East region is still in its infancy, it is showing promising signs of growth.
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Marubeni, Ajlan, UDEI to set up district cooling JV in KSA
Japan's Marubeni Corporation has partnered with two key regional players in the utility sector - Ajlan & Bros of Saudi Arabia and Qatar's United District Energy International (UDEI) - to set up a new venture in KSA to provide district cooling services.
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Saudi Arabia launches 96-hour free stopover visa
Saudi Arabia's Ministry of Foreign Affairs (MOFA) has announced the launch of a new Stopover Visa, open to a wider number of countries than the historic tourism eVisa and is the kingdom's latest move to make the destination more accessible.
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BNET signs deal with Mazad to manage electronic auctions
Bahrain Network (BNET) has signed a deal with Mazad, a portfolio firm of Bahrain Mumtalakat Holding Company, to organise and manage electronic auctions in collaboration with BNET, with the aim of selling BNET’s electronic devices.
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Alyemni Motors unveils Forthing’s new T5 Evo model
Alyemni Motors Company, the authorized dealership for Forthing cars in Saudi Arabia, has revealed the all new T5 Evo 2023, set to be the next competitor in the “crossover” small utility vehicles (SUV) market in the country.
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Healthcare spending in GCC to hit $99.6bn in 2023: DHCA
Healthcare spending in the GCC will grow at a CAGR of 4.9% to $99.6 billion in 2023 from $86.2 billion in 2020, with the UAE and Saudi Arabia commanding approximately 80% share of the total spending, said a whitepaper.
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Opera maestro Andrea Bocelli returns to AlUla
Some of the most popular names on the regional and international music scene -- Italian opera tenor Andrea Bocelli, Lebanese pianist Guy Manoukian and Spanish violinist Ara Malikian -- will performance at AlUla this weekend.
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World’s first university for AI graduates first cohort of students
The world’s first graduate research university in artificial intelligence (AI), the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), has graduated its first cohort of students.
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KBR unveils Next-Gen asset management framework
KBR, a leading US company operating in the fields of science, technology and engineering, has launched its Next-Gen asset management framework - Asset Ikigai - at the group's customer sites across Europe, Africa, and the Middle East.
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