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Talaat Moustafa Group, Egypt’s most prominent urban developer, and its strategic partner, Al Muhaidib Group, announced the formation and launch of the Talaat Moustafa Group Saudi Company for Real Estate Development (TMG Saudi).
To develop a variety of urban projects in Saudi Arabia, Talaat Moustafa Group and Al Muhaidib Group launch strategic partnership
Talaat Moustafa Group, Egypt’s most prominent urban developer, and its strategic partner, Al Muhaidib Group, announced the formation and launch of the Talaat Moustafa Group Saudi Company for Real Estate Development (TMG Saudi).The strategic partnership will commence with the “Banan City” project in Riyadh, while various smart and sustainable urban projects will be developed in Saudi Arabia.The agreement was signed by Hisham Talaat Moustafa, CEO and managing director of Talaat Moustafa Holding Group, and Essam Abdulkadir Al Muhaidib, CEO of Al Muhaidib Group, in the presence of Sulaiman Abdulkadir Al Muhaidib, chairman of Al Muhaidib Group.On this occasion, Hisham Talaat Moustafa said: “We are pleased for the group’s new imprint in Saudi Arabia, which reflects our vision and...
March 06, 2024

To develop a variety of urban projects in Saudi Arabia, Talaat Moustafa Group and Al Muhaidib Group launch strategic partnership

RAFAL partners with HIVE to introduce first coLiving in Saudi Arabia
In a significant move that ushers in a new era of modern living, Rafal Real Estate Development Company, in collaboration with HIVE, the innovative Dubai-based living solution, announces their strategic partnership in the Saudi Arabian market. The announcement was coupled with a ground-breaking ceremony for the first project on King Salman Road in Riyadh, to be followed with a series of projects covering more than ten strategic locations across the Capital.Rafal embodies a cutting-edge approach to real estate development, while HIVE brings innovative living solutions tailored specifically for the dynamic lifestyle of young professionals. Designed to cater to the discerning needs of this demographic, HIVE offers more than just a residence – it delivers a comprehensive plug-and-play living...
March 05, 2024

RAFAL partners with HIVE to introduce first coLiving in Saudi Arabia

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For the third year running, Bank Albilad sponsors the Saudi Arabian Grand Prix 2024
Bank Albilad is proud to announce its strategic sponsorship for the third consecutive year of the Saudi Arabian Grand Prix 2024 Formula 1 Race. This prestigious event is scheduled to unfold from March 7th to 9th at the iconic Jeddah Corniche Circuit, nestled along the picturesque Red Sea coast. Renowned as the fastest and longest racing circuit globally, it remains a beacon of challenge and prowess, consistently earning its place as one of the most formidable tracks on the Formula 1 calendar, witnessing distinguished races brimming with excitement and enthusiasm over the previous seasons. In a statement issued by Bank Albilad, it was expressed, "This sponsorship aligns with the pivotal role played by the bank in bolstering initiatives that amplify the Kingdom of Saudi Arabia's...
March 05, 2024

For the third year running, Bank Albilad sponsors the Saudi Arabian Grand Prix 2024

Premier Li Qiang spoke at the opening of the annual National People's Congress (NPC) on Tuesday
China sets ambitious 2024 economic target
BEIJING — China has set an ambitious growth target of around 5% for this year, as it outlined a series of measures aimed at boosting its flagging economy.Premier Li Qiang made the announcement at the opening of the annual National People's Congress (NPC) on Tuesday.Li acknowledged that China's economic performance had faced "difficulties", adding that many of these had "yet to be resolved".It comes as China struggles to reinvigorate its once-booming economy."Risks and potential dangers in real estate, local government debt, and small and medium financial institutions were acute in some areas," he said. "Under these circumstances, we faced considerably more dilemmas in making policy decisions and doing our work."A series of other measures to...
March 05, 2024

China sets ambitious 2024 economic target

Saudi Re announces the sale of its shareholding in Probitas for GBP 120 million to focus on other growth opportunities
Saudi Re announced an agreement with UK-headquartered insurance company Aviva Insurance Limited or the sale of Saudi Re’s entire 49.9% stake in Probitas Holdings (Bermuda) Limited including its subsidiaries, for a consideration of GBP 120 million subject to final closing adjustments.Commenting on the transaction, Fahad Al-Hesni, Managing Director and CEO of Saudi Re, said “We believe the transaction will enable Saudi Re to strengthen its competitive position and reorient our financial resources towards new growth opportunities domestically and internationally.” Al-Hesni further noted that the transaction was agreed on terms very attractive to Saudi Re and creates a substantial shareholder value, generating nearly five times return on the initial investment. As Saudi Re embarks on an...
March 05, 2024

Saudi Re announces the sale of its shareholding in Probitas for GBP 120 million to focus on other growth opportunities

Toshiba strengthens its alliance with Arabian Business Machines Co. Saudi to add barcode and label printer offerings in Saudi Arabia
In a significant development that marks the continuation of a four-decade-long partnership, Toshiba - Workplace Solutions Business Division (WSBD) has inked a new deal with Arabian Business Machines Co. Saudi (ABM-S), focusing on the latest innovations in barcode printing technology. This collaboration will be highlighted at the upcoming LEAP event, scheduled from March 4 to March 7, 2024, at the Riyadh Exhibition and Convention Center in Malham, Saudi Arabia.Under this strategic partnership, Toshiba will introduce an advanced range of Barcode Printers known for their precision, reliability, and efficiency. These printers are designed to cater to modern businesses' dynamic needs, setting new industry benchmarks.A Testament to Enduring Partnership:Reflecting on the extended...
March 04, 2024

Toshiba strengthens its alliance with Arabian Business Machines Co. Saudi to add barcode and label printer offerings in Saudi Arabia

AWS announces $5.3 billion investment to launch infrastructure region in Saudi Arabia by 2026
RIYADH — Amazon Web Services (AWS) has announced plans to launch an infrastructure region in Saudi Arabia by 2026, with an investment exceeding $5.3 billion (approximately SR19.88 billion). This strategic move aims to provide developers, startups, entrepreneurs, enterprises, and organizations in healthcare, education, gaming, and the nonprofit sector with enhanced choices for running their applications and serving end-users directly from the Kingdom, ensuring data residency preferences are met.The announcement, made during the LEAP conference in Riyadh, marks a significant milestone in supporting the Kingdom's digital transformation efforts, aligning with Saudi Vision 2030's objectives to attract foreign university branches and increase private sector involvement in higher...
March 04, 2024

AWS announces $5.3 billion investment to launch infrastructure region in Saudi Arabia by 2026

Opening ceremony of eight new PhysioTherabia centers in Riyadh.
Burjeel Holdings and Leejam Sports Company launch eight new PhysioTherabia centers in Saudi Arabia
Burjeel Holdings, a leading private healthcare services provider in the MENA region, and Leejam Sports Company, the largest chain of fitness centers in the Middle East and North Africa, have unveiled eight new PhysioTherabia centers in Riyadh and four other cities. The new state-of-the-art facilities are strategically located in Ghadeer Fitness Time, Shafie Fitness Time and Al Nada Men’s Gym in Riyadh, Yanbu’s Waterfront Fitness Time, Al Salehiyah Male Gym in Jeddah, Al Faisaliah Fitness Time in Dammam, Al Olaya Fitness Time & Golden Belt Fitness Time in Al Khobar.PhysioTherabia, a cutting-edge physiotherapy, rehabilitation and wellness network that promotes holistic health and wellbeing within the community, was launched by the entities last year. In 2023, PhysioTherabia opened...
March 04, 2024

Burjeel Holdings and Leejam Sports Company launch eight new PhysioTherabia centers in Saudi Arabia

Dr. Moataz Bin Ali, Regional Vice President and Managing Director, MMEA, Trend Micro.
AI-driven attacks expected to surge in 2024: Trend Micro
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, recently released its Security Predictions Report for 2024 titled “Critical Scalability”. The report emphasizes the crucial need for organizations to adopt an advanced multilayered security approach to counter the growing attack surface.The report underscores that in 2024, a growing number of enterprises will adopt artificial intelligence and machine learning (AI/ML) technologies. It notes that approximately 69% of IT leaders view the integration of machine learning as a critical operational priority. Although these technological advancements are anticipated to drive organizational growth, they also pose substantial risks, with bad actors exploiting these innovations to orchestrate...
March 04, 2024

AI-driven attacks expected to surge in 2024: Trend Micro

Dr. Mohammed Alhussein, Founder & CEO of Mozn.
Mozn to showcase its cutting-edge Artificial Intelligence powered offerings at LEAP 2024
Mozn, the market leader in enterprise AI technologies is set to participate at the upcoming LEAP 2024 the global award-winning technology event, scheduled to take place from March 4-7 at the Riyadh Exhibition and Convention Center (RECC).Building on the success of last year, LEAP 2024 promises to bring together the global technology ecosystem to connect, learn and discover. Held across four days, attendees can expect to learn about the latest technology trends, breakthroughs, and applications of Artificial Intelligence across various industries to reshape their businesses. At LEAP 2024, Mozn will showcase its state-of-the-art offerings namely, OSOS, its generative AI marvel tailored for the Arabic language, focusing on the linguistic nuances of Arabic, and FOCAL, its comprehensive...
March 03, 2024

Mozn to showcase its cutting-edge Artificial Intelligence powered offerings at LEAP 2024

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