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2023 was an extraordinary year for OMODA, marked by the sensational debut of the OMODA E5 at the global brand launch event in April, followed by the boundary-pushing expansion showcased at the user conference in October, and capped off with a multitude of global accolades at the end of the year.During the year, OMODA's new energy layout accelerated with the launch of its first pure electric model E5, completing the diversified product matrix, building a user ecosystem that highlights "more than cars," and venturing into new frontiers with its global presence.With a firm strategic approach, OMODA excelled in the intensely competitive automotive market, achieving an impressive milestone of over 147,000 vehicles in cumulative export sales throughout 2023.In the last month of...
January 15, 2024
OMODA hits record high in sales in 2023 with 13,677 vehicles sold in December
DAVOS — The world’s five richest men have more than doubled their fortunes since 2020, while the poorest 60 per cent have lost money, according to an Oxfam report released on Monday in Davos, Switzerland, where the annual World Economic Forum (WEF) is being held.According to data from research company Wealth X, the combined wealth of Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison and Mark Zuckerberg – the five richest men in the world - has increased by €423.8 billion ($464 billion), or 114 per cent since 2020.Within the same timeframe, the world’s poorest 4.77 billion people have lost 0.2 per cent in real terms of their wealth.That means that while the world’s billionaires were €3 trillion ($3.3 trillion) richer in 2023 than in 2020 - with their wealth growing three...
January 15, 2024
World’s five richest men double their fortunes as poorest 60 percent lose money, Oxfam says
January 15, 2024
AI to hit 40% of jobs and worsen inequality, IMF says
The landscape of interconnected smart devices, dubbed as Smart-X technologies, is promising and continuously evolving, offering vast potential for unlocking new functionalities across various industries, KPMG Professional Services said in its latest cybersecurity publication. That said, there are security concerns to be aware of.“The future of Smart-X security holds immense potential, with an anticipated surge in demand driven by key sectors that rely on data-intensive operations and prioritize stringent security measures,” said Ton Diemont, Partner and Head of Cybersecurity and Data Privacy at KPMG in Saudi Arabia.“Industries, such as energy, automotive, government, and healthcare, are poised to lead this growth,” he added. “As the need for secure and interconnected solutions...
January 14, 2024
KPMG: Smart-X tech holds immense potential yet security concerns persist
ALULA — In a significant move to bolster Saudi Arabia's tourism and hospitality sector, KUN Investment Holding, a Saudi investment management company, has partnered with AlUla Development Company, a subsidiary of the Public Investment Fund (PIF), to develop the Aman Hegra project. This initiative is set to introduce a unique blend of hospitality and residential features in AlUla.The agreement was officiated in the presence of Prince Badr bin Abdullah bin Farhan, Minister of Culture and Governor of the Royal Commission for AlUla. Key figures including Abdullah Saleh Kamel, Chairman of KUN Investment Holding, and Naif Saleh AlHamdan, Managing Director of AlUla Development Company, attended the signing ceremony. The agreement was signed by Mohammed N. Hefni, CEO of KUN Investment...
January 11, 2024
KUN Investment Holding, AlUla Development Company partner to launch Aman Hegra project
January 11, 2024
Decoding Jeeny's success: Sustaining our commitment to affordability
January 08, 2024
Turki Badhris appointed president of Microsoft Arabia, aiming to spearhead digital transformation
The Saudi Arabian car market is on track to set a new record, with sales potentially exceeding 800,000 vehicles in 2023.According to statistics published on AlMuraba Net, the largest network specialized in car news and follow-up in the Saudi market, the market has already witnessed a sale of 547,873 cars in the first nine months of the year, surpassing last year's figures for the same period by a significant margin.Leading the surge are Japanese and Korean car brands, with Toyota and Hyundai topping the sales charts. The list of best-sellers also includes Nissan, Kia, and Isuzu, along with American and Chinese contenders like Ford, Changan, and Geely. This diverse representation of global brands highlights the varied tastes and preferences of Saudi consumers.The year 2023 marks a...
January 08, 2024
Will car sales in the Saudi market surpass 800,000 in 2023?
QuestionPro, a global leader in total Experience Management software solutions, is making waves with the launch of its cutting-edge Data Center in Saudi Arabia, propelling local businesses into the future of secure, compliant, and locally hosted Research and Experience Management solutions.In a groundbreaking move tailored for the public and the private sector, their state-of-the-art Data Center within Saudi Arabia's borders ensures that sensitive information stays secure within the nation, directly addressing data localization and sovereignty concerns. The emphasis on localization is a game-changer for government entities and organizations operating in the publicsector, offering unparalleled control, compliance, and security.With the ambitious Saudi Vision 2030, QuestionPro is poised...
January 04, 2024
Questionpro pioneers localized experience management by hosting Its solutions and data in Saudi Arabia
Onsor Mosha Group commemorated its 10th anniversary with a momentous celebration, unveiling a new chapter in its journey.Marking this milestone, the group rebranded as "Wahaj Group" amidst an enlightening ceremony attended by esteemed VIPs, stakeholders from diverse sectors, business partners, and clients.Abdullah Al Zamel, chairman of Wahaj Group, set the stage with an insightful address, encapsulating the essence of the group's transformative decade.A visual presentation followed, charting the remarkable milestones and evolutionary strides that culminated in the birth of Wahaj Group.Ahmad Konash, Group Acting CEO, lauded the team's dedication, applauding their achievements and the solid trust forged with clients.The ceremony saw the announcement of several...
December 31, 2023
Onsor Mosha celebrates Its 10th anniversary and announces new local and global agreements
