Iran reopens central and western airspace to international transit flights
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Asharq Al-Awsat
2 hours ago
- Asharq Al-Awsat
Cityscape Global 2025 in Riyadh to Showcase the Potential of AI and Real Estate Technology
Cityscape Global 2025 has announced that the events program will spotlight the pivotal role of AI and emerging technologies in shaping the future of the real estate sector. The exhibition is sponsored by the Saudi Ministry of Municipalities and Housing in partnership with the Real Estate General Authority (REGA) and the Housing Program, Vision 2030 initiative. It is organized by Tahaluf, and a joint venture between the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), the Events Investment Fund (EIF), and Informa. Hosted by the Kingdom for the third consecutive year, Cityscape Global 2025 will take place in Riyadh from November 17 to 20. Cityscape Global will serve as a vital platform that unites leaders from the real estate sector to explore business opportunities enabled by AI technologies. In 2024, the global real estate technology market exceeded $36.55 billion, with projections suggesting it will double to around $88.37 billion by 2032. Meanwhile, AI technologies have revolutionized all stages of the real estate value chain, as showcased at the Future of Living Summit, the flagship event of Cityscape Global. The lineup of prominent speakers set to shape the future of property technology and AI includes several ministers, global real estate leaders, CEOs, and investors from leading companies. The Cityscape organizing committee has officially opened registration for the 2025 Innovation Challenge, inviting startups to showcase their innovative solutions in the real estate and construction sectors. The Innovation Challenge will award two prizes totaling $100,000, along with speaking opportunities at the 2025 conference, complimentary exhibition pavilions, and a range of additional benefits.
Arab News
3 hours ago
- Arab News
Closing Bell: Saudi main index rises to close at 10,897
RIYADH: Saudi Arabia's Tadawul All Share Index rose on Sunday, gaining 63.80 points, or 0.59 percent, to close at 10,897.39. The benchmark index recorded a total trading turnover of SR3.22 billion ($858 million), with 201 stocks advancing and 54 retreating. The parallel market Nomu added 17.42 points, or 0.07 percent, to close at 26,633.08, as 46 listed stocks gained and 42 declined. The MSCI Tadawul Index gained 7.82 points, or 0.56 percent, to end at 1,409.49. L'azurde Co. for Jewelry was the best-performing stock of the day, rising 9.40 percent to SR13.50. Other top performers included Halwani Bros. Co., which rose 7.70 percent to SR47.00, and Dar Alarkan Real Estate Development Co., which advanced 5.16 percent to SR19.35. Tamkeen Human Resource Co. recorded the steepest drop, falling 3 percent to SR54.95. Fawaz Abdulaziz Alhokair Co. slipped 2.12 percent to SR24.90, while Naseej International Trading Co. declined 1.89 percent to SR104. In corporate announcements, the offering of National Signage Industrial Co. shares on the Nomu began on Aug. 17 and will run until Aug. 24. It covers 1.5 million shares, with a price range set between SR12 and SR15, with Yaqeen Capital Co. acting as the lead manager. Yaqeen Capital also announced its interim financial results for the six months ending June 30. According to a Tadawul statement, the firm reported a net profit of SR12.83 million, up 43.5 percent year on year, driven mainly by a 19 percent increase in revenues. Its stock closed at SR11, up 4.05 percent. ASG Plastic Factory Co. also published its interim results for the first half of the year, posting a net profit of SR16.5 million, down 11.23 percent from a year earlier. The decline was attributed to weaker subsidiary performance, higher operating expenses, and increased selling and marketing costs. The stock ended the session at SR52.10, up 4 percent.
Arab News
3 hours ago
- Arab News
Snow escapes bring winter fun to Riyadh's summer
RIYADH: Snow-themed attractions in Riyadh, including Snow City in Al-Othaim Mall, are offering residents and visitors a refreshing alternative to the summer heat. With sub-zero temperatures and fully immersive polar settings, these wintry venues have quickly become popular family destinations, the Saudi Press Agency has reported. With strict safety measures in place, activities range from ice skating and sliding down ice slopes to riding mini snowmobiles, exploring icy trails, and enjoying spinning tubes. Open play areas and snow cabins inspired by polar life add to the sense of adventure. The experience is rounded out with cafes, souvenir shops and event spaces, making the destinations a year-round entertainment choice. Part of the Kingdom's evolving entertainment sector, these snow-themed venues provide new climatic escapes that enrich quality of life, encourage domestic tourism, and reflect ongoing investment in diverse leisure experiences.
