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Bakery group says profits grew despite rising costs as it continues to invest in global manufacturing

Bakery group says profits grew despite rising costs as it continues to invest in global manufacturing

Global bakery giant Baker & Baker says it grew gross profits and continued to invest in its manufacturing sites despite a year of rising costs. The Wirral-based business said revenues grew “slightly” in 2024 to €623.5m (£539m) while gross profit...

Saudi Arabia Home Energy Management System Market Overview And Company Analysis Report 2025-2033 Featuring Honeywell, General Electric, Comcast, Panasonic, Johnson Controls, Schneider Electric, Bosc

Saudi Arabia Home Energy Management System Market Overview And Company Analysis Report 2025-2033 Featuring Honeywell, General Electric, Comcast, Panasonic, Johnson Controls, Schneider Electric, Bosc

(MENAFN- GlobeNewsWire - Nasdaq) The Saudi Arabia Home Energy Management System (HEMS) market is set to surge, anticipating growth from US$ 43.62 Million in 2024 to US$ 145.69 Million by 2033, with a CAGR of 14.34% from 2025 to 2033. This growth...

Wipro secures smart meter data system contract with Saudi company

Wipro secures smart meter data system contract with Saudi company

AI-powered technology services and consulting company Wipro has secured a multi-year contract with the Saudi Electric Company – National Grid SA. Its scope is to implement a smart meter data management (MDM) system for National Grid SA’s...

MENA Renewable Energy Market To Reach $59.9 Billion By 2030, Driving A Regional Green Energy Boom  'BCC Research LLC'

MENA Renewable Energy Market To Reach $59.9 Billion By 2030, Driving A Regional Green Energy Boom 'BCC Research LLC'

(MENAFN- PR Newswire) "Driven by National Strategies and Abundant Renewable Resources, MENA Emerges as a Global Leader in Clean Energy Innovation with Major Investments in Solar, Wind, and Green Hydrogen" BOSTON, July 29, 2025 /PRNewswire/ --...

Saudi, UAE in top 20 nations for AI talent density: Global AI Competitiveness Index 

Saudi, UAE in top 20 nations for AI talent density: Global AI Competitiveness Index 

Dmitry Kaminskiy, General Partner at Deep Knowledge Group. Beijing — Saudi Arabia and the United Arab Emirates have ranked among the world’s top 20 nations for AI talent density, surpassing countries such as Italy and Russia, according to the...

US skips UN two-state solution event, but hosts France and Saudi say they align with Trump

US skips UN two-state solution event, but hosts France and Saudi say they align with Trump

(JNS) Monday’s United Nations conference on the subject of a two-state solution offers “a rare and indispensable opportunity” that “can and must serve as a decisive turning point,” António Guterres, the UN secretary-general, said at the opening of...

SNG: Orascom Construction’s board greenlights transferring primary listing to ADX

SNG: Orascom Construction’s board greenlights transferring primary listing to ADX

Orascom Construction PLC has announced that its board of directors has approved a strategic move to transfer the company’s primary share listing from Nasdaq Dubai to the Abu Dhabi Securities Exchange (ADX). The company will retain its secondary...

Saudi Arabia Carries Out Death Sentence For Terror-Related Crimes

Saudi Arabia Carries Out Death Sentence For Terror-Related Crimes

RIYADH, July 29: Saudi Arabia has executed a man convicted of a string of deadly terrorist crimes, including manufacturing and supplying explosives, plotting to kill security personnel, and financing extremist groups. Ahmed bin Mohammed bin Hassan...

Saudi insurers Buruj and Medgulf enter binding merger agreement

Saudi insurers Buruj and Medgulf enter binding merger agreement

Saudi Arabia-based Buruj Cooperative Insurance has reached a binding merger agreement with local peer Mediterranean and Gulf Insurance and Reinsurance (Medgulf). The agreement comes after the two insurers signed a memorandum of understanding in...

Geopolitics In Sport Strategic Intelligence Report 2025  Global Sports Landscape Shifts As U.S. Tariffs Threaten Sponsorships, Major Events Approach, And Saudi Arabia Invests $6B To Dominate Market

Geopolitics In Sport Strategic Intelligence Report 2025 Global Sports Landscape Shifts As U.S. Tariffs Threaten Sponsorships, Major Events Approach, And Saudi Arabia Invests $6B To Dominate Market

(MENAFN- GlobeNewsWire - Nasdaq) "Geopolitics in Sport: A Comprehensive Analysis" explores the impact of geopolitics on sports, delving into key events and trends from WWII to recent conflicts like Russia-Ukraine. It examines US tariffs and their...

Saudi Arabia’s KAU Offers Scholarships for International Postgraduates

Saudi Arabia’s KAU Offers Scholarships for International Postgraduates

SRINAGAR: King Abdulaziz University (KAU) in Saudi Arabia has announced fully funded scholarships for international students for the academic year 2025–2026, offering opportunities to pursue Master’s and PhD programmes in a wide range of academic...

Meet the young Saudis advocating for gear change in the rapidly changing country

Meet the young Saudis advocating for gear change in the rapidly changing country

In a remarkably short span of time, the Kingdom of Saudi Arabia (KSA)—long pictured, in the Western imagination, as an exotic land of oases and oil derricks—has transformed itself into a dynamic state in a fast-paced race towards modernity. From...

How energy politics fuels global militarisation

How energy politics fuels global militarisation

In the contemporary world, energy is no longer merely a commodity; it is power, influence, and a principal driver of militarisation. As the global economy continues to rely on oil, gas, and critical minerals, states have increasingly turned to...

Saudi Arabia to hosts world’s biggest comedy festival: Kevin Hart, Russell Peters among 50+ top comedians

Saudi Arabia to hosts world’s biggest comedy festival: Kevin Hart, Russell Peters among 50+ top comedians

Tickets for the Riyadh Comedy Festival, running September 26 to October 9, will be available starting August 1 on Webook.com/ Image: X In a landmark move reflecting its ambitious Vision 2030 economic diversification plan, Saudi Arabia is set to...

Sports2 minutes ago Transfer Updates: João Félix Reunites With Ronaldo, Rodrygo For Sale, Arsenal Eye Eze, Others João Félix has completed a transfer move to Saudi Arabian side Al Nassr in a deal worth €52 million. João Félix’s deal will keep him at..…

Sports2 minutes ago Transfer Updates: João Félix Reunites With Ronaldo, Rodrygo For Sale, Arsenal Eye Eze, Others João Félix has completed a transfer move to Saudi Arabian side Al Nassr in a deal worth €52 million. João Félix’s deal will keep him at..…

João Félix has completed a transfer move to Saudi Arabian side Al Nassr in a deal worth €52 million. João Félix’s deal will keep him at Al Nassr until 2028. Note that the 26-year-old forward leaves Chelsea after a series of mixed spells across top...

Saudi issues 83 new industrial project permits in June

Saudi issues 83 new industrial project permits in June

The Saudi Ministry of Industry and Mineral Resources issued 83 new industrial licenses in June, involving investments of more than 950 million Saudi riyals ($253 million). The new licenses are expected to create over 1,188 jobs across various...

Saudi Arabia Opens Property Market To Foreigners, With Curbs In Two Cities: All You Need To Know

Saudi Arabia Opens Property Market To Foreigners, With Curbs In Two Cities: All You Need To Know

Last Updated:July 29, 2025, 13:35 IST Foreign individuals and entities will now be allowed to purchase property in designated zones across Saudi Arabia, except Makka & Madinah. File Photo of Saudi's Crown Prince Mohammed bin Salman. (Image:...

Saudi Arabia Issues New Industrial Licenses Worth $253 Million

Saudi Arabia Issues New Industrial Licenses Worth $253 Million

The Saudi Ministry of Industry and Mineral Resources issued 83 new industrial licenses in June, with total investments exceeding SAR 950 million (approximately $253.3 million). The new ventures are expected to generate more than 1,188 job...

Saudi Arabia And UAE Among Top 20 Nations Globally For AI Talent Density, Global AI Competitiveness Index

Saudi Arabia And UAE Among Top 20 Nations Globally For AI Talent Density, Global AI Competitiveness Index

(MENAFN- Crypto Breaking) King Abdullah University of Science and Technology (KAUST) enters top 150 universities globally for producing AI talent, becoming the highest-ranked university in Middle East With the goal of becoming one of the world's...

L&T profit jumps 30% in Q1FY26 on strong execution in energy segment

L&T profit jumps 30% in Q1FY26 on strong execution in energy segment

Sequentially, there was a 34.2 per cent decrease in profit | Photo Credit: SIVARAM V Strong growth in the energy segment and hi-tech manufacturing, propelled Larsen & Toubro (L&T) to report a 30 per cent jump in consolidated net profit for the...

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