Press Dossier   By Date  31/08/2021
NMC says 7-month earnings of $120m beat estimates
NMC Healthcare group, which has been tackling a severe debt-ridden crisis since early 2020, reported on Monday revenues exceeding expectations of $710 million for the first seven months of 2021.
54% residents willing to pay more for 5G access
The UAE is leading the world in the deployment of fifth-generation telecom technology. With nearly half of respondents claiming to use a 5G-enabled phone, the UAE leads in terms of 5G adoption across the globe, according to YouGov’s latest report.
Foreign investment in Saudi stock market up by 150%
Foreign investment in the Kingdom's stock market increased by more than 150 percent by the end of Q2 2021, compared to late 2018.
Saudi mortgage lending picks up in July 2021
More Saudis have taken out new mortgages in July after a short slump in June, however, the total banks lending to the real estate  sector is still higher in the first six months of this year compared to last year as the effects of the pandemic have eased, official data showed.
Saudi sensitive data protected thanks to new IBM Cloud Satellite deal
One of Saudi Arabia's leading technology infrastructure firms has joined with IBM to allow its customers to run global workloads without highly-sensitive data leaving the Kingdom.
MIS, Al-Rajhi Capital sign MoU to launch $267m Shariah-compliant investment fund
Al-Moammar Information Systems Co. on Sunday signed a memorandum of understanding with Al-Rajhi Capital to launch a Shariah-compliant investment fund worth SR1 billion ($266.6 million), Argaam reported.
Gulf Islamic Investments, Capital Bay in 500m euro real estate deal
Gulf Islamic Investments went into a joint-venture agreement with Germany-based Capital Bay to launch a EUR 500 Million senior living real estate investment platform in Europe, the companies said in a statement on Monday.
Saudi HR ministry, SDAIA sign four agreements
The Ministry of Human Resources and Social Development and the Saudi Authority for Data and Artificial Intelligence have signed four agreements with the aim of searching for opportunities to enhance the role of data and artificial intelligence in supporting national programs and initiatives.
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