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17,059 Sakani housing plots allotted last month
October 17, 2019

RIYADH — The Sakani housing scheme of the Ministry of Housing continues handing over plots of land free of cost to the beneficiaries. A total of 17,059 plots were allotted to the beneficiaries in preparation for the start of construction of homes in various regions of the Kingdom during the last month, according to a Sakani scheme statement.

The allotment of the plots of land included 2,738 for the eligible citizens in the Makkah region; 2,208 plots"...

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MCIT, GEA agree on business accelerator for electronic games
October 17, 2019

RIYADH – The Ministry of Communications and Information Technology (MCIT) and the Kingdom’s General Entertainment Authority (GEA) have recently signed a Memorandum of Understanding (MoU) to launch a business accelerator to support the development of electronic games locally and build human resources working in the field of digital entertainment.

The MoU was signed on the sidelines of the Entertainment Industry Conference here. In addition,"...

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How Saudi Arabia is leading Middle East’s fight against breast cancer
October 17, 2019

ABU DHABI: Cancer of the breast remains the most common form of the disease among women despite major advances in treatment coupled with improved screening and awareness campaigns.

Rates of the disease are increasing in nearly every region globally as aging populations and factors such as obesity take their toll.

In"...

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250,000 visit Riyadh Season fest before formal opening
October 17, 2019

RIYADH — Turki Al-Sheikh, chairman of the Board of the General Entertainment Authority (GEA), said that the Riyadh Season witnessed more than 250,000 visitors in just three days, and that is even before the official launching of the festival.

“About 80 percent of the visitors were Saudis while 10 percent from the Gulf, including 11 Qataris, and the rest from other countries of the world,” he said.

According to Al-Sheikh,"...

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Huawei’s third-quarter revenue jumps 27% as smartphone sales surge
October 17, 2019

SHENZHEN, SHANGHAI: Huawei Technologies Co. Ltd’s third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.
Huawei, the world’s biggest maker of telecom network equipment and the No. 2 manufacturer of smartphones, was all but banned by the United States in May from doing business with American companies, significantly disrupting its ability"...

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Flims – laxx lures GCC tourists
October 17, 2019

JEDDAH — GCC residents looking to escape the desert heat will have the opportunity to explore an upscale alpine destination in Flims – laxx, only a 90-minute car or train journey from the city of Zurich. The resort is also accessible via helicopter for guests who wish to arrive a little sooner.

Lax, a magnificent Swiss destination, is the gateway to visitors for an unforgettable holiday in a natural setting. Be it the UNESCO Heritage Site of"...

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Honeywell unveils building tech portfolio at Saudi event
October 17, 2019

Honeywell, a global technology leader, addressed Saudi Arabia’s growing demand for Industrial Internet of Things (IIoT)-enabled technologies at a smart building and city technology showcase event held recently in Riyadh.

Focused on the future of Saudi Arabia’s smart buildings and cities, The Honeywell Technology Day 2019 demonstrated the company'’s latest software solutions"...

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Saudi IMI signs jack-up design licence deal with GustoMSC
October 17, 2019

Saudi-based International Maritime Industries (IMI) has announced that it had signed a licence agreement with GustoMSC, a company of Houston rig and equipment builder National Oilwell Varco (NOV).

A joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries, IMI said with this agreement, it will be able to efficiently construct and deliver drilling rigs to its clients.

The agreement entails a new GustoMSC drilling jack-up"...

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Saudi Build ends on successful note, draws 23,000 visitors
October 17, 2019

The 31st edition of Saudi Build Exhibition ended on a successful note drawing more than 520 major international and local brands from around 34 countries besides 23,000 visitors during the four-day event.

Concurrently held with Saudi Stone Tech, Saudi Build PMV Series, Interior Design and Saudi Build Technology & Automation Building, Saudi Build 2019 ran from October 7 to 9 at Riyadh International Convention and Exhibition Centre.

Saudi"...

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Venture capital investments in Saudi Arabia to reach $500 million by 2025, report says
October 17, 2019

Venture capital investments in Saudi Arabia are set to grow ten-fold over the next six years, according to a new report by Saudi Technology Ventures.

Venture funding investments are at a 'positive inflection point' and are set to grow to $500 million annually by 2025, from $50m last year, according to STV, which is a Riyadh-based venture capital fund anchored by Saudi Telecom Company.

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