04 Shawwal 1445 - 13 April 2024
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Eye of Dubai

SAMA says share of e-payments reaches 70% in 2023
Business & Money | Tuesday 2 April, 2024 11:36 am
The Saudi Central Bank (SAMA) announced that electronic payments in the retail segment accounted for more than 70% of total payments in 2023, compared to 62% in 2022.   The electronic payments represent one of the Financial Sector Development Program (FSDP) indicators, SAMA...
Industry Ministry starts expanding scope of industrial customs exemption
Business & Money | Tuesday 2 April, 2024 10:54 am
The Ministry of Industry and Mineral Resources commenced its plan to expand the scope of industrial customs exemption for all industrial establishments that have a valid industrial license from the ministry, on imports of specified materials and products.   The new customs exemption, ...
Business & Money | Monday 1 April, 2024 2:10 pm
The Sports Boulevard has launched the "Walking Track" initiative in collaboration with Al Nakheel Mall in Riyadh during the holy month of Ramadan to encourage residents and visitors of Riyadh to engage in walking exercise. The length of the walking track inside the mall is 506 meters, equivalent to ...
Middle East economy remains robust, despite oil cuts and geopolitical turbulence, according to PwC’s Economy Watch
Business & Money | Monday 1 April, 2024 12:44 pm
The latest PwC Middle East Economy Watch, released today, indicates that the regional economy remains resilient despite challenges from oil cuts and geopolitical turbulence. The non-oil sector's growth is anticipated to stay robust, buoyed by a stronger-than-expected non-oil GDP performance in 2023 ...
Cisco Harnesses AI Innovations for Next-Gen Collaboration via Webex Suite
Technology & IT | Sunday 31 March, 2024 11:50 am
With one suite and eight tools, Webex by Cisco offers AI-powered collaboration for every workstyle, all built on a secure and trusted platform. Through such innovations, Cisco continues to revolutionize workplace collaboration dynamics by streamlining communication and creating healthier and more...
Royal Commission for Makkah City and Holy Sites Reviews Developmental Transformations and Economic Opportunities
Business & Money | Saturday 30 March, 2024 5:32 am
The Royal Commission for Makkah City and Holy Sites held a meeting today at Al-Balad Al-Amin Center in Dhahiat Sumou project, with the participation of officials of government agencies and the private sector in Makkah, investors and entrepreneurs.The meeting reviewed the developmental...
Bank Alfalah offers to buy SNB’s full stake in Samba Pakistan
Business & Money | Saturday 30 March, 2024 5:11 am
Pakistan’s Bank Alfalah Limited submitted a non-binding indicative offer to Saudi National Bank (SNB), offering to acquire its entire stake in Samba Bank Pakistan.   In a statement to Pakistan Stock Exchange (PSX) today, March 29, Bank Alfalah said the deal closure depends is...
Budget Saudi plants 2,000 saplings in Jeddah
Environment & Energy | Friday 29 March, 2024 1:58 am
Budget Saudi, the Kingdom’s leading car rental company, has reaffirmed its commitment to creating a more sustainable Saudi Arabia. In line with Vision 2030 and its ongoing efforts to achieve net-zero emissions, the car hire company has successfully planted 1,000 saplings in Jeddah’s Eastern...
Mastercard report finds human connections and technological innovation are key for Cities of the Future
Business & Money | Friday 29 March, 2024 12:59 am
Three in four people would be happier living in a smart and connected city, according to a new report by Mastercard, which features insights related to human aspirations and technological progress for cities of the future in the Middle East. By 2050, two-thirds of the world’s population will be...
Hilton Makkah & Jeddah Hilton Host 'Green Ramadan' Iftar for Media Partners
Business & Money | Thursday 28 March, 2024 1:16 pm
Hilton Makkah Jabal Omar (Conrad Makkah | Hilton Makkah and Convention Center | Hilton Suites Makkah | Doubletree by Hilton) & Jeddah Hilton hosted a special Iftar gathering on Monday, March 25th, for media partners from the Western Province. The event highlighted Hilton's innovative ‘Green...