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Zurich-based UBS projects Middle East digital economy to quadruple by 2030; outpacing global average
The Middle East’s digital economy is projected to grow from $180 billion to about $780 billion by 2030. A 20% compound annual growth significantly outpacing the global average.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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Riyadh Air Sponsors Spanish Football Club Atlético de Madrid in 3 Year Deal; Jerseys Unveiled
Saudi Arabia’s newly launched airline, Riyadh Air, will sponsor one of Spain’s leading football clubs, Atlético de Madrid, the company said today in a press release as it unveiled a new design for the kits players will wear on-field.
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PIF Announces Establishment of a Female-Centered Health and Well-Being Company, the Kayanee Company, with Princess Reema Bint Bandar as its Leader
Saudi Arabia’s Public Investment Fund (PIF) announced on Monday the establishment of a female-centered health and well-being company with Princess Reema bint Bandar as its head, the Saudi Press Agency (SPA) reported.
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PepsiCo Middle East CEO Aamer Sheikh joins The 966, plus a full update on Saudi football, King Saud University’s overhaul and more…
Episode 96! The 966 speaks with PepsiCo Middle East CEO Aamer Sheikh for a conversation about the company’s strategy to plug into Vision 2030’s opportunities and continue to stay on top as the number one food and beverage brand in the Kingdom of Saudi Arabia. Mr. Sheikh, who is Pakistani-American and grew up in the […]
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PSG Confirms Saudi club Al Hilal Makes World Record $332m Bid for French Mega-Star Mbappé
Saudi team Al Hilal made a record €300 million ($332m) bid for Kylian Mbappé on Monday, which could see the France striker join Cristiano Ronaldo for the next year of the Saudi Pro League, according to reports.
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Physician and media commentator Dr. Qanta Ahmed joins The 966 to talk about ‘colossal’ changes in Saudi Arabia and much more
Physician, non-fiction author, and broadcast media commentator and writer Dr. Qanta Ahmed joins The 966 from New York to discuss the “colossal” changes in Saudi Arabia since Vision 2030 was launched and her view that Saudi Arabia has emerged as an increasingly important and influential global power. Dr. Qanta is an Academic Pulmonologist and Sleep Disorder Specialist at NYU […]
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Non-Oil Business Activity in Saudi Arabia Surged in June 2023 as Tourism, Construction Sectors Lift Economy
Non-oil business activity in Saudi Arabia surged in June supported by strength in construction and tourism, a survey showed.
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Two people killed near the U.S. consulate building in Jeddah in exchanged fire; no Americans harmed
Two people were killed when an armed man exchanged fire with Saudi Arabian security authorities near the U.S. consulate building in Jeddah, according to reports leading to the deaths of the gunman and a security guard.
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NEOM’s Sindalah Island Eyes Status as Global Yachting Hub
NEOM has signed a deal with superyacht concierge and maritime agency BWA Yachting as it eyes an opening date for visitors within the year.
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MUST-READS
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Make Riyadh human-centric, sustainable and innovative city, says JLL
Under the theme ‘Shaping Tomorrow’s Cities Today: Sustainability and Smart Cities’, JLL shared insights on retrofitting strategies and technologies to revitalise existing urban infrastructure; green financing to pave the way for responsible investments in cities; and the latest trends, innovations, and best practices in creating cities that are environmentally friendly, socially inclusive, and economically viable.Commenting on the need for smart and sustainable urban developments, Saud Alsulaimani, Country Head of KSA, said: "Today, decarbonisation of the built environment is no longer up for debate. As governments continue to push for sustainable development, real estate stakeholders are increasingly aware of the critical role they play in driving progress to shape the future of real estate in the kingdom."
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Transformative power of innovation at Athar – Saudi Festival of Creativity
Motivate Media Group and TRACCS, organisers of Athar – Saudi Festival of Creativity has unveiled a four-day programme. It will be held from 13 to 16 November 2023 at the Hotel Crowne Plaza Riyadh. The announcement was made in the presence of key representatives from Saudi Conventions & Exhibitions General Authority (SCEGA), a strategic partner, and MBC Media Solutions (MMS), a co-partner of the festival. It aims to be a new event that celebrates and nurtures creativity in the Kingdom.
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Disrupting Saudi-Israel ties may have motivated Hamas attack, Blinken says
“It wouldn’t be a surprise that part of the motivation may have been to disrupt efforts to bring Saudi Arabia and Israel together, along with other countries that may be interested in normalising relations with Israel,” Blinken told CNN in an interview on Sunday.
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Saudi Crown Prince Mohammed bin Salman announces conservation area of 30,000 sq km
Saudi Arabia's Crown Prince Mohammed bin Salman has announced plans for a conservation area that will span more than 30,000 square kilometres. The project will encompass the Makkah, Asir and Jazan regions of Saudi Arabia, according to the Saudi Press Agency. It will span a total of 30,152 square kilometres. “The Imam Faisal bin Turki Royal Reserve is among a number of royal reserves that the kingdom has developed and supported to be a tributary of the national development at all levels, which contributes to providing solutions to many of the environmental challenges that the whole world is experiencing,” said Prince Mohammed, according to SPA.
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Cultivating change: Women as catalysts for agricultural transformation in the MENA region
The MENA region is facing significant agriculture, food security, and water security challenges, as highlighted by the N7’s conference in March, which included an all-star, all-female panel: Women in Desert Tech. But, as evident from the panels of the day, these challenges still disproportionately impact women despite showcases of female-founded companies and technologies. According to the United Nations, women are more likely to be food insecure than men, as women face significant barriers to accessing and managing water resources, which are critical for agriculture and food production.
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Q2 2023 sees record high participation of Saudis in private sector jobs
The number of Saudi citizens employed in private sector establishments rose to 2.2 million employees, with a total growth of approximately 210,000 employees compared to the same quarter in 2022, averaging around 42,000 employees per quarter until the second quarter of 2023. The growth in the number of Saudi citizens working in the private sector can be attributed to the positive economic growth rates in the Saudi economy. These rates contributed to increasing the overall labor market size, strengthening demand for labor, and boosting productivity rates in the market.
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Emerging Economies Need Much More Private Financing for Climate Transition
A broad mix of policies is needed to unlock the necessary private capital in emerging market and developing economies and ensure a positive climate impact
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Saudi Arabia and Pakistan Sign MoU to Accelerate Digital Transformation and Innovation
Under the terms of the M0U, Saudi Arabia and Pakistan will strengthen their SME and start-up ecosystems through assistance in re-location and the exchange of information on business accelerators and incubators for emerging technology. They will cooperate on policies, regulations, and legislation in the digitization and electronic manufacturing sectors.
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Saudi: MoJ authorizes 2,449 private notaries to offer online services
The notaries provide their services through the Mwathiq.sa website and the Mwathiq app, which can be downloaded from Apple Store and Google Play
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10 UAE private schools named among Middle East’s top 15
Ten private schools in the UAE were named among the best 15 in the Middle East, for a second year in a row. The schools were also featured among the 125 top private schools in the world in Carfax Education’s school index 2023. Most of the schools that were featured on the list follow the UK curriculum while others offer the International Baccalaureate diploma. Other schools that ranked among the best in the region included British International School Riyadh, British School Muscat, King’s Academy in Jordan, St Christopher’s School Bahrain, and Doha College.
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