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22 October 03:19 PM IBM, Alibaba, Huawei pen deals during second day of Global AI Summit
Riyadh – Mubasher: Three strategic agreements with IBM, Alibaba, and Huawei were signed on the second and final day of the Global AI Summit that is organised by the Saudi Data and Artificial Intelligence Authority (SDAIA), Saudi Press Agency (SPA) …
The ministry is the first entity in Saudi Arabia to apply the Forrester index
22 October 01:44 PM Saudi human resource ministry launches Forrester Customer Experience project
Riyadh - Mubasher: Saudi Ministry of Human Resource and Social Development has launched a project in cooperation with Forrester, an American market research and advisory company, to assess customer experience. Forrester’s Customer Experience Index …
Some sectors are still not predicted to hit full capacity in Q4-20.
22 October 01:01 PM Jadwa keeps Saudi inflation rate forecast at 3% for 2020
Riyadh – Mubasher: Jadwa Investment has maintained its forecast for Saudi Arabia’s inflation rate for full-year 2020 at 3% and 3.2% for full-year 2021.   The main risk to this forecast relates to a second wave of COVID-19 in the kingdom, which …
The prices of agricultural real estate grew by 0.3% in Q3-20.
22 October 12:28 PM Saudi real estate price index up 0.5% in Q3
Riyadh – Mubasher: The Saudi real estate price index increased by 0.5% year-on-year (YoY) in the third quarter (Q3) of 2020, driven by a rise in residential real estate prices by 2.1%. The prices of agricultural real estate grew by 0.3%, whereas …
The two-day summit kicked off on Wednesday under the theme of “AI for the Good of Humanity”.
21 October 04:08 PM Saudi Crown Prince delivers speech at Global AI Summit
Riyadh – Mubasher: Saudi Arabia's Crown Prince, Mohammed bin Salman, said that the year 2020 was an exceptional year to test the potentials of artificial intelligence (AI), at a time when we witness the formation of a new international state that …
KSA's residential rental rates are likely to remain under pressure in the short-to-medium term.
21 October 03:14 PM Saudi residential mortgage market may maintain momentum after VAT exemption
Riyadh – Mubasher: Saudi Arabia’s resilient residential mortgage market is expected to maintain momentum following the recent move by the Saudi government to exempt property deals from 15% value-added tax (VAT) and instead impose a new 5% tax on …
The deal will help stc further support the Saudi economy.
21 October 01:24 PM stc, NVIDIA team up to build KSA's first AI, deep learning cloud platform
Riyadh – Mubasher: Saudi Telecom Company (stc) and NVIDIA signed an agreement to build Saudi Arabia’s first cloud platform for artificial intelligence (AI) and deep learning to empower the National Program for AI and build a roadmap for AI cloud …
Moody's expects the merger to strengthen NCB's number one position in the market.
21 October 10:17 AM Moody's affirms ratings of NCB, Samba; outlooks remain negative
Riyadh – Mubasher: Moody's Investors Service has affirmed all ratings and assessments of National Commercial Bank (NCB) and Samba Financial Group, including their long-term and short-term deposit ratings at A1/P-1, and Baseline Credit Assessments …
SIEC was awarded the representation project on 1 October.
21 October 09:42 AM SIEC pens Saudi companies’ representation project in Iraq deal for SAR 14.4m
Riyadh – Mubasher: The Saudi Industrial Export Company (SIEC) signed on Tuesday, 20 October, the Saudi companies’ representation project in Iraq contract with the Saudi Export Development Authority (Saudi Exports). Under the SAR 14.4 million deal, …
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20 October 04:31 PM Tadawul delists government debt instruments worth SAR 2.15bn
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Tuesday announced the changes for the listed debt instruments. The issuance number 1003-5 (Tadawul Code: 5229) valued at SAR 2.150 billion will be delisted due to maturity by the end of …
The First International Summit will take place on Wednesday, 4 November 2020.
20 October 03:38 PM Saudi Standards to host First International Summit of Standards
Riyadh – Mubasher: Saudi Standards, Metrology, and Quality Organization (SASO) will host the First International Summit of Standards within the activities of G20. As a Saudi pioneering initiative, Saudi Arabia is organising the First International …
Bee’ah will help transform Madinah into a sustainable city of the future.
20 October 03:11 PM Bee'ah secures contract to service Madinah holy city
Riyadh - Mubasher: Bee’ah has commenced operations in Saudi Arabia after securing a contract to service the holy city of Al Madinah Al Munawarrah. The Middle East’s award-winning sustainability pioneer marked the milestone with a launch ceremony …
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20 October 02:20 PM WHO praises Saudi Arabia's efforts against coronavirus pandemic
Riyadh – Mubasher: Director-General of the World Health Organization (WHO), Tedros Adhanom, said that the Saudi Ministry of Health has put in place strong measures to reopen the holiest sites for Umrah pilgrims during COVID-19. Adhanom noted the …
The holding of the summit coincides with Saudi Arabia's presidency of the G20 meetings.
20 October 01:53 PM SDAIA announces Global AI Summit agenda
Riyadh – Mubasher: The Saudi Data and Artificial Intelligence Authority (SDAIA) announced on Tuesday the agenda of the Global AI Summit, which will kick off on 21-22 October 2020, under the theme of “AI for the Good of Humanity”. The summit’s …
The Saudi total oil product demand grew by 170,000 b/d MoM in August.
20 October 09:15 AM Saudi oil exports hit 6.98m b/d in August - JODI
Riyadh – Mubasher: Saudi Arabia’s oil exports (crude and petroleum products) grew for the second consecutive month in August 2020 after they had fallen to their lowest on record in June at 7 million barrels per day (b/d). Month-on-month (MoM), the …
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19 October 04:15 PM Moody's assigns Baa3(hyb) Tier 2 ratings to ANB’s trust certificate
Riyadh – Mubasher: Moody's Investors Service has assigned a Baa3(hyb) foreign currency long-term subordinated rating to Arab National Bank (ANB) Sukuk Ltd's planned issuance of backed US dollar-denominated subordinated certificates with a …
The projects came to serve 59 districts across Jeddah.
19 October 03:46 PM National Water Company implements projects in Jeddah for SAR 2bn
Riyadh – Mubasher: Saudi Arabia's National Water Company (NWC) said it implemented 31 sewage network projects in Jeddah city between 2019 and 2020 for more than SAR 2 billion. The projects came to serve 59 districts across Jeddah. The achievement …
Oman is expected to dive into a 10% contraction in 2020.
19 October 03:05 PM Economic output in GCC countries expected to fall 6% this year, IMF says
Mubasher: The International Monetary Fund (IMF) became more optimistic about economic growth prospects for Gulf states, but is urging governments to retain social spending as a resurgence in coronavirus cases clouds the region’s outlook, Bloomberg …
The final Forbes list is composed of 750 multinational and large corporations headquartered in 45 countries.
19 October 01:15 PM Saudi Aramco ranked 1st regionally in Forbes "World's Best Employers" list; 26th globally
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has secured the first spot regionally and the 26th spot globally on Forbes’ fourth-annual list of the World’s Best Employers for 2020. Forbes said it partnered with market research …
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19 October 12:18 PM Saudi Agricultural Development Fund approves SAR 2.7bn loans in 9M
Riyadh – Mubasher: Saudi Arabia’s Agricultural Development Fund (ADF) has approved SAR 2.688 billion worth of funding during the first nine months of 2020 through 2,275 loans, state-run Saudi Press Agency (SPA) reported on Monday. This comes as …
The new cineplex includes 18 screens and 2,368 seats.
19 October 09:14 AM Arabian Centres opens KSA’s largest cinema theatre complex
Riyadh – Mubasher: Arabian Centres Company (ACC) has opened on 15 October Saudi Arabia’s largest cinema theatre complex at Mall of Dhahran shopping centre. The new cineplex spans a total of 9,663 square meters of the mall's gross leasable area …
STV processed transactions worth over $3.7 billion through its portfolio companies.
18 October 03:26 PM STV leads 30% of total venture capital funding in KSA since 2018
Riyadh – Mubasher: Saudi Arabia's STV has led 30% of total venture capital funding in Saudi Arabia since its inception in early 2018. The venture capital (VC) firm co-led regional investment rounds worth $333 million, representing 16% of the …
The rebranding will protect customers’ interests, boost investments, and promote competition.
18 October 02:49 PM KSA’s CITC launches new brand identity
Riyadh – Mubasher: The Saudi Communications and Information Technology Commission (CITC) has launched its new brand identity and strategy that reflects the telecom sector strategy 2023 and fosters its role to become a digital organiser of the …
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18 October 02:16 PM National Water Company completes SAR 313m project in Riyadh
Riyadh – Mubasher: Saudi Arabia's National Water Company (NWC) has completed one of the water strategic plan (phase one) projects in Riyadh city, connecting tanks located in the southern and western parts of the city through main water lines …
Zedny was founded in 2018
18 October 11:25 AM Online platforms for professional development - Interview with Zedny
By: Moslem Ali Cairo - Mubasher: With technological advancements and growing digital infrastructure, the digital education industry is growing in the Middle East. Remote learning, in particular, has gained increased importance with the recent new …