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REAL GDP DOWN SLIGHLTY
Saudi Arabia's non-oil GDP up 4.9% in second quarter
Saudi Arabia’s real gross domestic product (GDP) decreased by 0.3% in the second quarter of 2024 compared to the same quarter of 2023, while seasonally adjusted real GDP grew by 1.4% compared to the first quarter of 2024, according to official data.
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RESORTS TO OPEN IN 2025
Major milestones on Amaala; $6bn contracts awarded
Red Sea Global (RSG) has announced key milestones in the construction of Amaala - a luxury wellness destination on Saudi Arabia's Red Sea coast - where more than 600 contracts worth nearly SAR23 billion ($6.13 billion) have been awarded.
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TRANSFORMATIVE RESTRUCTURING
Emaar Economic City unveils Capital Optimisation Plan
Emaar the Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has announced a transformative business strategy, as approved by EEC’s Board of Directors and aligned with Saudi Vision 2030.
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INSIGHT
OT now a crucial focus of organisations globally: Cisco
Operational Technology (OT), once a secondary issue, is now a crucial focus for organisations globally, says Cisco in its first State of Industrial Networking Report.
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SPOTLIGHT
How intense gameplay and modding can undermine security
ESET Research has revealed a concerning fact — gamers are being targeted by cybercriminals, and it’s no mystery why they are such meaty targets.
Top Trade News
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Acwa Power to develop Sharjah’s first IWP
Saudi-listed Acwa Power has signed an agreement with Sharjah Electricity, Water and Gas Authority (Sewa) to develop Sharjah’s first Independent Water Project (IWP) that will help meet the increasing demand for potable water in the emirate.
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Bacha Coffee to open $22.11m flagship on Champs-Élysées
Bacha Coffee, the iconic Moroccan coffee brand established in Marrakech in 1910, is set to open its €20 million ($22.11 million) flagship store on the legendary Champs-Élysées in Paris by Q4 2024.
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Adnoc to acquire 35% stake in major US hydrogen facility
Adnoc will acquire a 35 per cent equity stake in ExxonMobil Corporation’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas.
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Abu Dhabi set to host AIM Congress 2025
AIM Congress, the world’s premier investment platform, is set to convene in Abu Dhabi from April 7 to 9, 2025, attended by 25,000 distinguished participants from 180 countries.
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GenAI set to impact all sectors in Saudi Arabia: Stategy&
Generative AI (GenAI) could significantly reshape every sector in Saudi Arabia, with early adopters securing a decisive competitive advantage, says new research conducted by Strategy& Middle East, part of the PwC network.
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Etihad Railway to build $2.3bn railway line in Jordan
Jordan and the UAE on Wednesday signed agreements to initiate a $2.3-billion railway project that will connect Jordan's Port of Aqaba to its mining sites of Shidiyah and Ghor Al Safi.
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Virgin Atlantic to start London - Riyadh flights in March
Virgin Atalntic will operate daily flights between London Heathrow Airport and King Khalid International Airport in Riyadh starting March next year.
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stc Group powers KSA’s journey to becoming global esports hub
With its robust infrastructure and commitment to innovation, stc Group is actively supporting the future of the kingdom as a global hub for gaming, entertainment, and digital excellence, says Mohammed bin Rashid Abaalkheil of stc Group in an interview.
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Nissan’s iconic Patrol’s 7th generation unveiled in Abu Dhabi
Nissan has launched the all-new Nissan Patrol, marking a new chapter for the iconic nameplate.
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Changan opens Middle East Parts Distribution Centre in Dubai
Changan Automobile has opened its Middle East Parts Distribution Centre in Jebel Ali Free Zone, Dubai, upgrading its service network in the region and a key milestone in the company’s localisation journey.
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KFSHRC to unveil groundbreaking Gen-AI innovation at GAIN in Riyadh
Saudi Arabia’s King Faisal Specialist Hospital & Research Centre (KFSHRC) will unveil its latest breakthrough in generative Artificial Intelligence at the third edition of the Global AI Summit (GAIN) this week.
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STC’s innovative platforms transform gaming experience
While the Esports World Cup (EWC) took center stage in the gaming world for nearly two months, stc emerged as a powerful force, reshaping the landscape of competitive gaming with its cutting-edge platforms, stc play and stc tv.
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Key partnership to support students with exam preparation
Sylvan Learning-UAE, a leader in exam preparation and tutoring services, and Copperstone Education, a leading provider of school services for international students, have partnered to enhance educational opportunities for students in the UAE and beyond.
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Riyadh to host fashion, beauty, and lifestyle conference
Hia Hub, the region’s top fashion, beauty and lifestyle conference, is returning for its fourth edition from October 30-November 3, 2024, in Riyadh. Hia Hub 4.0 is designed to inspire the next generation of fashion and beauty consumers and entrepreneurs.
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