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N’Golo Kante Joins Karim Benzema at Ittihad in Jeddah

RIYADH: French superstar N’Golo Kante has completed his transfer to Saudi side Al-Ittihad, the club announce early on Wednesday, and joins fellow Frenchman Karim Benzema in Jeddah. The team made fun of rumors around the deal being scuttled by medical issues  in a video skit on Twitter, showing the midfielder failing his medical before breaking the good news to fans.
Business

Saudi Arabia’s Cybersecurity Gets Boost from New Cisco Data Center

RIYADH: Digital security in Saudi Arabia is set to be strengthened after global technology firm Cisco announced a new data center for the Kingdom to better protect users, infrastructure and investments. The facility will support the company’s cloud security services in Saudi Arabia, including its new Secure Service Edge solution, Cisco Secure Access. This product automates decisions about how users connect to the internet, Software as a Service products and private applications, a move which the firm claims helps increase productivity.
Business

FAO predicts global food import bill to reach $1.98tn by 2023

RIYADH: The global food import bill is forecast to reach a record high of $1.98 trillion in 2023, up 1.5 percent from 2022, due to a combination of factors including an increase in international prices and higher volumes, the latest UN report showed.    The Food and Agriculture Organization of the UN in its biannual report stated that the anticipated increase in the 2023 bills will happen due to an additional $18.4 billion stemming from higher international prices and $12.9 billion from higher volumes. 
Business

Dubai’s Scale-Up Count Surges by 26% in 2022.

RIYADH: The number of scale-ups in Dubai surged 26 percent in 2022, according to a report issued on Sunday. The report titled “Dubai’s Venture Capital Ecosystem,” issued by the Dubai Chamber of Digital Economy, said scale-ups in the emirate raised over $11.7 billion in capital in the last 10 years. It said as many as 306 fast-growing companies in the region are located in Dubai.
Business

AI and Construction to Dominate Future Jobs in Saudi Arabia, According to PMI Official

RIYADH: Saudi Arabia, a country which has been dependent on its rich oil reserves for several decades, is now on a path of economic diversification. With Vision 2030, Saudi Arabia’s Crown Prince Mohammed bin Salman is proving that the Kingdom could perform well in non-oil private sectors too.   As Saudi Arabia’s private sector expands rapidly, the Kingdom is expected to provide more job opportunities to nationals and foreign talents alike in the coming years. 
Business

Egyptian Health Tech to Save Saudi Lives After Acquisition

CAIRO: Saudi Arabia’s health care sector has gained a new entrant from Egypt aimed at addressing the challenges posed by delayed medical reports and improving patient outcomes.  Founded in 2017, Rology has secured its position in the Saudi market after sealing the acquisition of its counterpart Arkan United.  In an interview with Arab News, Amr Abodriaa, CEO and co-founder of Rology, expressed the significance of this move in establishing a leading position in the Saudi market. 
Business

Saudi Property Market Performs Well in Q1 Due to Limited Supply: CBRE

RIYADH: Demand for offices remained strong in Saudi Arabia in the first quarter of 2023 as global and local businesses continued to scout for quality spaces in the key cities despite limited supply in the market, the latest report from global consultancy firm CBRE showed.   Most of the offices in Riyadh witnessed nearly 100 percent occupancy, resulting in Grade A and Grade B properties recording a year-on-year rise in average rental rates of 9.3 percent and 14 percent, respectively, in the first quarter.  
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