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161 - 170 from 16533 . In "BUSINESS"
The move comes hours after economic data showed prices rose last month at the fastest pace in 16 months
Bank of Japan raises rates to highest in 17 years
TOKYO — Japan's central bank has increased the cost of borrowing to its highest level in 17 years after consumer price rises accelerated in December.The move by the Bank of Japan (BOJ) to raise its short-term policy rate to "around 0.5 percent" comes just hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.The BOJ's last interest rate hike in July, along with a weak jobs report from the US, caught investors around the world by surprise, which triggered a stock market selloff.The bank's governor, Kazuo Ueda, signaled this latest rate hike in advance in a bid to avoid another market shock.According to official figures released on Friday, core consumer prices in Japan increased by 3% in December from a year earlier.The...
January 24, 2025

Bank of Japan raises rates to highest in 17 years

Advancing Saudi Vision 2030: Technology as a Cornerstone for Growth
Saudi Arabia continues to work towards achieving the goals of Vision 2030, which relies on innovation and advanced technology to drive the development of key sectors. This ambitious vision is part of a comprehensive strategy to stimulate the national economy and expand the knowledge base, solidifying the Kingdom's position regionally and globally.Technological innovation is a cornerstone of sustainable development. Saudi Arabia is strengthening non-oil sectors, including modern industries and technology, to support the national economy. The goal is to increase the contribution of these sectors to 50% of the GDP by 2030.A variety of local and international companies are pivotal in advancing the Kingdom's industrial sector by introducing innovative technologies that align with Saudi...
January 23, 2025

Advancing Saudi Vision 2030: Technology as a Cornerstone for Growth

With Safety at its Core, OMODA C5 forges a Shield of Quality
The automotive industry has never before been at the convergence of so many technological revolutions. Electrification and the intelligent revolution are carving out a new track. Regardless of how the track changes, building automobiles still requires a solid industrial foundation and craftsmanship to go further. In recent years, the OMODA, a favorite among the global Z generation, has always upheld quality as its priority. Its first global model, the OMODA C5, has subsequently achieved scores far above the class average in the E-NCAP, A-NCAP, and ASEAN NCAP flaunting the highest safety prowess in its class.It is worth mentioning that in the critical tests of "Child Occupant Protection" and "Safety Assist," the OMODA C5 demonstrated capabilities significantly above the...
January 22, 2025

With Safety at its Core, OMODA C5 forges a Shield of Quality

OMODA&JAECOO's cumulative global sales exceed 410,000 units within less than 2 years of launch
• Brand Global Sales Milestone: In 2024, OMODA&JAECOO's annual sales reached 248,605 units, with monthly sales exceeding 20,000 units for 8 consecutive months, accounting for 22% of the group's sales, and has become the fastest-growing car brand globally.• Key Markets and Vehicle Sales maintain high growth: OMODA&JAECOO shine in multiple markets, with Malaysia experiencing explosive growth, recording annual sales of 15,661 units, a year-on-year increase of 174%. The star model OMODA C5 continues to grow in sales, achieving an annual volume of 129,341 units. Since its launch in February, new energy models OMODA E5, JAECOO J7 PHEV, and J6 have sold 34,068 units.• Four Dimensions - "New" Driving Force, Lead Diverse Development:1. New Markets - Deepening Global...
January 22, 2025

OMODA&JAECOO's cumulative global sales exceed 410,000 units within less than 2 years of launch

"Theeb Rent a Car" receives two awards for Best New Sustainability Practices and Most Distinguished Company in Social Responsibility from The Global Economics
Theeb Rent a Car Company has been honored with two prestigious global awards in the car rental sector: "Best New Sustainability Practices" and "Most Distinguished Company in Social Responsibility" for 2024, as nominated by the international magazine, The Global Economics. The company received these accolades during The Global Economics Award 2024 ceremony, held in Dubai on January 15, 2025. This annual event recognizes outstanding companies and organizations across diverse business fields in the global market, including economic, commercial, social, and developmental sectors.The awards aim to honor significant contributions to the global and regional economy while encouraging businesses to enhance their operations for greater inclusivity. Commenting on the...
January 22, 2025

"Theeb Rent a Car" receives two awards for Best New Sustainability Practices and Most Distinguished Company in Social Responsibility from The Global Economics

"Dar wa Emaar" generates more than SR900 million in sales of "Tala al Khuzam" units within 2 months
“Dar wa Emaar Real Estate Investment and Development Company” announced a remarkable performance through achieving record sales of its residential project “Tala al Khuzam”. Since its launch at the global Cityscape exhibition in Riyadh in November 2024, the project has generated sales exceeding SR 900 million out of a total project value of SR 2.4 billion.This growing demand reflects both the high quality of the product on offer and the strong trust that clients place in Dar wa Emaar.“Tala al Khuzam” project is distinctive in its unique location at Khuzam suburb, north of Riyadh. It includes 1,298 residential units that vary in design and combine the highest standards and premium quality. It consists of five exceptional residential models to suit different tastes and needs, with...
January 21, 2025

"Dar wa Emaar" generates more than SR900 million in sales of "Tala al Khuzam" units within 2 months

Arcapita & Parkway invest in a portfolio of high-growth Artificial Intelligence companies
Arcapita Group Holdings Limited (Arcapita), the global alternative investment firm, announced its co-investment in a high-growth portfolio of Artificial Intelligence (AI) companies in partnership with Parkway Venture Capital (Parkway), a U.S.-based venture capital firm specializing in frontier technology. This investment has been structured to offer investors with a unique opportunity to gain exposure to early-stage, pioneering companies at the forefront of the AI revolution.This investment highlights Arcapita’s commitment to advancing emerging technologies and AI, underscoring its vision for fostering innovation and growth in these transformative sectors. The partnership also reinforces Parkway’s reputation as a leader in frontier technology and artificial intelligence, paving the way...
January 21, 2025

Arcapita & Parkway invest in a portfolio of high-growth Artificial Intelligence companies

Saudi Awwal Bank honored with 2024 Innovation Excellence Award in the Saudi banking sector
Saudi Awwal Bank (SAB) has received the "Excellence in Innovation" award for 2024 from Global Review for Banking and Finance. This esteemed accolade highlights the bank's leadership in delivering innovative solutions and enhancing customer experiences in the Saudi banking sector.It also acknowledges SAB’s continuous efforts to provide innovative solutions and highlights the bank's commitment to enhancing customer experiences by leveraging the latest technologies and global trends in the banking sector.Saeed Assiri, Chief Innovation Officer at SAB, stated: “This prestigious award underscores our relentless commitment to innovation and excellence. At SAB, we view innovation as a vital driver of growth in the banking industry, and we remain focused on providing impactful...
January 20, 2025

Saudi Awwal Bank honored with 2024 Innovation Excellence Award in the Saudi banking sector

Dar Al Arkan and Trump Organization: A decade of redefining Gulf luxury
For more than a decade, Dar Al Arkan, Saudi Arabia’s premier real estate developer, and the Trump Organization have collaborated to set new benchmarks in luxury real estate across the Gulf. From Riyadh and Jeddah to Dubai and Oman, this enduring partnership has resulted in groundbreaking projects that combine global expertise with regional insights. Their joint ventures have not only reshaped cityscapes but also redefined opulence and exclusivity in the region’s luxury market. The latest development, Trump Tower Jeddah, underscores the success of this partnership. With a SR 2 billion investment, the 47-story architectural marvel along Jeddah’s Corniche highlights how this collaboration continues to evolve, reflecting the aspirations of modern Gulf cities while maintaining the Trump...
January 16, 2025

Dar Al Arkan and Trump Organization: A decade of redefining Gulf luxury

HONOR launches Magic7 Pro in MEA: Empowering the future with AI and seamless mobile innovation
Global technology brand HONOR announced the launch of the HONOR Magic7 Pro in Dubai, UAE. Committed to providing the ultimate AI Phone experience, HONOR introduced the HONOR Magic7 Pro which features cutting-edge AI capabilities that revolutionize photography, enhance display quality, and deliver exceptional hardware performance. The HONOR Magic7 Pro comes with the Google Gemini app pre-installed[1]. This AI assistant from Google can help users enhance ideas, learn in new ways, write emails, plan events and more.“We are excited to introduce our latest flagship lineup, the HONOR Magic 7 series, which seamlessly integrates both on-device and cloud AI capabilities to deliver a more intuitive, intelligent, and secure user experience,” said George Zhao, CEO of HONOR. “We have adopted a...
January 16, 2025

HONOR launches Magic7 Pro in MEA: Empowering the future with AI and seamless mobile innovation

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