PSM News & Events

HONOR unveils New Corporate Strategy to Transition to an AI Device Ecosystem Company

3/3/2025 - 4:27 PM

Global technology brand HONOR on Monday announced the HONOR ALPHA PLAN, a new corporate strategy to transform HONOR from a smartphone maker to a global leading AI device ecosystem company. The visiona.....

Starbucks axes 1,100 jobs in bid for US turnaround

25/2/2025 - 4:00 AM

NEW YORK — Starbucks is cutting 1,100 jobs and simplifying its menu in the US as it tries to improve flagging business in its home market.The first items to get the ax include the Royal English Brea.....

Rocket Companies to buy real estate firm Redfin in $1.75B deal

10/3/2025 - 2:53 PM

Rocket Companies announced Monday it has reached an agreement to buy real estate listing platform Redfin. The deal is worth $1.75 billion, according to the companies......

Stocks fall in US and Asia over Trump tariffs concerns

11/3/2025 - 5:45 AM

NEW YORK — Stock markets have fallen in the US and Asia over concerns about the negative economic impact of President Donald Trump's tariffs.It followed the president saying in a TV interview t.....

Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum

9/3/2025 - 2:40 PM

Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).This achievement makes SAB the f.....

Secure 2030 by Seclore strengthens Data Sovereignty, Cybersecurity and Regulations in Saudi Arabia

3/3/2025 - 3:00 PM

Justin Endres, Chief Revenue Officer and Global Head of Sales said: “At Seclore, we consider data sovereignty and cybersecurity as vital aspects in safeguarding Saudi Arabia as a global leader under.....

Under Armour CEO selling $22 million Maryland horse farm

1/3/2025 - 1:00 PM

The CEO of the sportswear company Under Armour is looking to part ways with the sprawling horse farm he owns in Maryland. Sagamore Farm spans 400 acres......

PIF and Italy’s SACE sign MoU to boost financial collaboration with up to $3 billion in project support

5/3/2025 - 11:01 AM

RIYADH — The Public Investment Fund (PIF) and SACE, the Italian insurance and financial group fully owned by Italy’s Ministry of Economy and Finance, have signed a memorandum of understanding (MoU.....

Bevatel leads the WhatsApp Business API and Meta Solutions for GCC businesses

4/3/2025 - 10:54 AM

The WhatsApp Business API, integrated seamlessly by Bevatel, has set a new standard in the field of communication solutions. As a leading provider for businesses in Saudi Arabia and the GCC and a reco.....

Palm Beach, the Wall Street of the South has a hot luxury real estate market

2/3/2025 - 2:00 PM

Palm Beach and West Palm Beach, two cities in sunny South Florida, have been experiencing a very active real estate market......

Saudi Exchange approves Morgan Stanley Saudi Arabia as Market Maker on eight listed securities

9/3/2025 - 7:33 PM

Saudi Gazette reportRIYADH — The Saudi Exchange Company has approved Morgan Stanley Saudi Arabia to conduct Market Making activities on eight listed securities in both the Main Market and Nomu – P.....

How TikTok is nurturing Saudi Arabia's STEM scene to support Vision 2030 goals

6/3/2025 - 4:45 PM

More than one billion people from around the world come to TikTok each month to express themselves authentically, be entertained, start and grow a business, or learn a new skill or hobby. STEM-related.....

Arcapita strengthens its Board of Directors with two new appointments

25/2/2025 - 10:34 AM

Arcapita Group Holdings Limited (“Arcapita”), a global alternative investment firm, today announced the appointment of Abdulaziz Mohamed Al Mana and Abdulatif Ali Al Fozan to its Board of Director.....

For the Fourth Consecutive Year, Dr. Soliman Fakeeh Hospital in Jeddah ranked Best Private Hospital in Saudi Arabia by Newsweek    

2/3/2025 - 2:39 PM

Dr. Soliman Fakeeh Hospital in Jeddah continues to achieve milestones that solidify its leading position in the healthcare sector in the Kingdom of Saudi Arabia.The hospital has maintained its ranking.....

Dar wa Emaar showcases its latest residential projects, signs multiple agreements at Restatex Real Estate Exhibition 2025

25/2/2025 - 8:11 PM

Dar wa Emaar Real Estate Investment & Development, a leading name in Saudi Arabia’s real estate sector since 2007, successfully showcased its latest projects and strategic initiatives at Restate.....

Fakeeh Care Group reports FY-2024 revenues of SR2.8 billion, up 20% year-on-year

5/3/2025 - 2:15 PM

Dr Soliman Abdel Kader Fakeeh Hospital Company and its Subsidiaries (“Fakeeh Care Group”, “FCG”, “Fakeeh Care”, the “Company” or the “Group”), a leading fully integrated academic h.....

First-ever AI real estate agent generates $100M in sales in Portugal

25/2/2025 - 1:35 PM

A Portugal-based real estate firm has seen $100 million in sales thanks to leads generated by an AI real estate agent. The technology was developed by Israeli startup eSelf AI......

MEPCO lays the Foundation for PM5: A Groundbreaking Leap in Paper Production, doubling Supply Capacity and introducing Superior-Quality Paper to the Region

3/3/2025 - 2:24 PM

The Middle East Paper Manufacturing and Production Company (“MEPCO”), the leading company in the region's paper industry, announced the laying of the foundation for its 5th paper production l.....

Ajdan launches luxurious Raseen Rejan Hills project in collaboration with NHC

27/2/2025 - 1:50 PM

“Ajdan Real Estate Development Company” announced the launch of its luxury residential project, "Raseen Rejan Hills, which Ajdan is developing in the Khuzam destination in partnership with NH.....

Chattanooga housing market heats up in Tennessee

8/3/2025 - 12:00 PM

A city in southeastern Tennessee is drawing in homebuyers. That city is Chattanooga, nestled not far from the Tennessee-Georgia border......