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In "BUSINESS"
September 19, 2023
Evergrande’s woes deepen after police detain staff at its shadow bank
RIYADH — Saudi Call, an ICT service provider in Saudi Arabia, signed a Memorandum of Agreement (MoA) in Riyadh with Shanghai Lumaotong Group (LMT) and China Mobile International Limited (CMI) on Sept. 11.This collaboration aims to promote investment in the construction of data centers in Saudi Arabia.According to the MoA, the parties will leverage their strengths to jointly advance the construction of 100MW Tier III & Tier IV Saudi Call Crownland Data Centers in Riyadh, Jeddah, Dammam, and NEOM.These facilities will offer integrated solutions, including storage, network coverage, and database services, to support the ever-growing business needs of the region's Digital Economy, Artificial Intelligence, Cybersecurity, and Big Data.Lumaotong Group is establishing a joint venture with...
September 18, 2023
Saudi Call and Shanghai Lumaotong Group joint venture to launch 100MW Data Centers in Saudi Arabia
September 18, 2023
Bernays and International Property Media sign MoU to launch real estate awards in Saudi Arabia
Alesayi Holding Group has taken a stride towards growth and diversification with acquiring 85% of Initial Saudi Group, a leading facilities and manpower management group with over 40 years of operational experience. The agreement was signed in attendance of Alesayi Holding Group CEO Eng. Hany Habashy, and Initial Saudi Group’s Board member Faris Bundakji.Initial Saudi Group operates through its two major companies, Initial Facilities Management and Workforce Saudia. With over 25,000 associates, Initial provides a variety of services, including cleaning, security, engineering, support, pest control, and landscaping across Saudi Arabia.The acquisition is driven by Alesayi Group’s main focus on expanding and diversifying its service offerings, to cater to the increasing demand for...
September 17, 2023
Alesayi Holding acquires Initial Saudi Group, a leading facilities management group in Saudi Arabia
September 16, 2023
Saudi tourism boom is reviving the hospitality equipment and supplies sector: Danube Hospitality
September 15, 2023
Global investors embrace cryptocurrency amid evolving perceptions, reveals Toluna report
September 15, 2023
Workers start strike at US motor industry giants
Careem, the region’s leading multi-service platform, partners with King Abdullah Financial District Development & Management Company (KAFD DMC), to upgrade and streamline the travel experience for residents and visitors of KAFD, the country’s prime business and lifestyle hub. The agreement was signed on September 12 at a ceremony hosted at Cityscape Global Riyadh.Set in the heart of the Saudi capital Riyadh, KAFD features 1.6 million square meters of state-of-the-art office space, world-class facilities and iconic luxury residences, designed to transform the way urban communities live, work, and play. A 22-kilometer drive from King Khalid Airport, KAFD is a key driver of Riyadh’s economic ambitions and is the largest LEED certified mixed-use financial district in the world. It is...
September 14, 2023
Careem upgrades travel experience for KAFD residents and visitors
Thursday marks the launch of blinx, the new digital media hub in the Middle East, empowering Middle Eastern youth with the finest in digital storytelling and news stories, offering fresh perspectives, and connecting Gen Z and Millennials across multiple screens, platforms, and smart devices.'More Story, Less Noise': A Vision for Authentic StorytellingEver since its brand-name announcement in March 2023, blinx has emerged as a vibrant hub in the realm of storytelling. Boasting a mission to deliver authentic and genuine narratives, the hub is committed to producing diverse, inclusive, and culturally relevant content that resonates with audiences, on a deeper level.Nakhle Elhage, blinx General Manager, highlights: "We've made remarkable strides since our brand name...
September 14, 2023
blinx digital media hub launches to empower Middle Eastern youth with elevated storytelling and news
September 14, 2023
Desert Technologies to develop renewable energy solutions for Essar’s green steel project in Saudi Arabia
