Riyadh Season 2024 signs sponsorship agreements with local, global partners
Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh.General Entertainment Authority...Business
Microsoft beefs-up its AI assistant with voice, vision
San Francisco, United States - Microsoft on Tuesday doubled down on deploying artificial intelligence to consumers, releasing an updated version of...Business
4.4m travel by SAR in H1 2023
Train trips in H1 2023 rose 46 percent compared to H1 2022.The volume of minerals and goods transported over SAR networks during the second quarter of the year exceeded 6.34 million tons.
The total volume of goods transported by SAR H1 2023 rose to over 12 million tons, a 13 percent increase compared to the previous year.
Oman Air Cargo revenue up
Its cargo revenue recorded a 42% jump in H1 to US$57.9m.Oman Air Cargo said that the jump in cargo aligns with the carrier's aim to retain its strong position in the market
Launched in 2009, the airline has sustained an upward trajectory despite a fall in yield compared to the previous year
Social media app TweetDeck placed behind paywall
The social media firm, bought by billionaire Elon Musk last year, has been thrashing around for ways to make a...X announced in July that TweetDeck would be available only to "verified" account holders from August
On Tuesday, users attempting to access the service were required to pay for X's blue checkmark verification for an annual fee of $84
Saudi Arabia lures football stars with big money
From Cristiano Ronaldo to Neymar, the kingdom is offering eye-watering salaries to international football stars to bring them over from...Ronaldo's arrival in January to play for Al-Nassr drew global attention to ongoing efforts to boost the Saudi Pro League
The signing up of Neymar, Brazil forward who quit Paris Saint-Germain after six seasons, for Al-Hilal is another coup for the Saudis
EU provides US$24m for payment of allowances to poor Palestinian families
Jerusalem--The European Union has disbursed $24 million for the payment of social allowances to 71,162 vulnerable Palestinian families through the...The EU during the last 17 years has supported the Palestinian Authority with funding to ensure social allowances are extended to the poor families
The funding from EU has been routed through the PEGASE mechanism and will help 71,162 families living below the extreme poverty line
New industrial licenses surge 17% in first year after Abu Dhabi Industrial Strategy launch
The number of new industrial Rowad permits issued in Abu Dhabi increased from 204 to 238 from July 2022 to...$15.36 billion in capital investments made by manufacturing facilities moved to the in-production phase over the year
The number of operational manufacturers in the emirate now stands at 966, up from 922 manufacturers at the end of H1 2022
Jordan exhorts ‘companies, institutions’ to switch to renewable energy
Amman, Jordan--Jordan is urging "companies and institutions" to switch to renewable and sustainable energy to reduce operating costs.In this regard,...The kingdom's energy minister said that opportunities exist for cooperation to cut energy consumption across various sectors
The minister noted that in order to keep pace with the global energy transiton the kingdom must benefit from the experiences of various countries
Five skills workers require in real estate
Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance...Saudi Real Estate General Authority introduces 12 new roles, including positions like real estate broker, advertiser, and property manager
The initiatives are aimed at boosting the real estate sector's contribution to the Kingdom's GDP, enhancing the role of non-oil sectors
Bahrain Central Bank’s Sukuk Al Salam oversubscribed 319%
Manama, Bahrain - The Central Bank of Bahrain (CBB) has said its monthly issue of the Sukuk Al-Salam Islamic securities...Subscriptions worth BD 137.151 million ($364m) were received for the BD 43 million ($114m) issue, which carries a maturity of 91 days.
Expected return on the issue, which begins on August 16 and matures on November 15, is 6.25 percent, compared to 6.10 percent of the previous issue.
Yalla Group H1 revenue $152m
The Group posted revenues of $79 million in the second quarter.The revenue grew by 2.9% compared to the first half of last year, while the net income in H1 2023 was recorded at AED176.9 million ($48.2m)
Yalla displayed strong performance in the second quarter of the year where it posted revenues of AED291 million (around $79.2 million)
