UAE In-Focus — Dubai Metaverse Strategy aims to create 40,000 jobs; Egis completes WME acquisition

  • RIYADH: The Dubai Metaverse Strategy is aiming to create 40,000 virtual jobs in the next five years, as the city aims to become one of the top 10 global metaverse economies. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the Chairman of Dubai Executive Council and Crown Prince of Dubai, who ...
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Saudi Arabia to host ICAO Air Services Negotiation conference in  2023

  • RIYADH: Saudi Arabia will host the 15th International Conference on Air Services Negotiations of the International Civil Aviation Organization in December 2023, in Riyadh, as the Kingdom leapfrogs in the aviation sector in line with the goals outlined in its Vision 2030.  Saleh Al-Jasser...
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Saudi real estate markets rise as ground realities change: JLL CEO

  • RIYADH: Saudi Arabia’s retail sector witnessed an increase in retail space and a strong recovery in domestic demand following the relaxation of COVID-19 restrictions in the first half of 2022, according to the head of global real estate services firm Jones Lang LaSalle. The underlying de...
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Gravita: A co-working space like never seen before

  • Jeddah recently witnessed the opening of Gravita, an ultra-modern co-working space located in the heart of the city’s commercial district on Prince Mohammed bin Abdulaziz Street. Gravita gathers like-minded professionals from different disciplines ranging from freelancers to entrepreneurs in ...
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Recycling in Saudi Arabia to pull in $32bn income by 2035: minister

  • RIYADH: Recycling in Saudi Arabia will generate an annual income of SR120 billion ($32 billion) by 2035, according to the minister of environment, water and agriculture. Speaking at an event organized by the Riyadh Economic Forum, Mansour Al-Mushaiti said the forecast is based on estimat...
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PIF-owned Savvy aims to transform KSA into gaming hub with $37.8bn investment, says CEO

  • RIYADH: With investments worth SR142 billion ($37.8 billion), Saudi Arabia’s PIF-owned Savvy Games Group seeks to transform the Kingdom into a global gaming hub with world-class gaming companies, said CEO Brian Ward. Ward was addressing members of the media following the announcement of the c...
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NMC-KIA sponsors Taif racing season activities

  • National Marketing Company, the official dealer of Kia cars in the western region of Saudi Arabia, is a strategic sponsor of the Taif Equestrian Club, which is currently hosting the 39th Taif racing season at King Khalid bin Abdulaziz Square in Hawiyah, located 15 km from Taif. With a large n...
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Air Arabia Egypt launches new route between Alexandria and Madinah

  • RIYADH: Egyptian low-cost air carrier Air Arabia Egypt has announced the launch of a new service between Alexandria and Madinah in Saudi Arabia.  According to a press release, the new flight will be launched from Borg El Arab Airport to Prince Mohammad Bin Abdulaziz International Airport...
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Saudi Arabia developing national capabilities in nuclear technology: Minister 

  • RIYADH: Saudi Arabia is working to enhance people’s skills and abilities in the nuclear technology sector and its regulatory aspects, the Kingdom’s minister of energy said. Speaking at the 66th General Conference of the International Atomic Energy Agency in Austria, Prince Abdulaziz bin ...
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Bahrain’s GDP grows at 6.9% in Q2 2022

  • RIYADH: Bahrain’s gross domestic product grew 6.9 percent year on year in the second quarter of 2022, posting the biggest annual increase since 2011, Bahrain’s Crown Prince Salman bin Hamad Al-Khalifa said on Twitter on Sunday. In the first quarter, the Gulf country’s GDP grew 5.5 percen...
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