{"id":89061,"date":"2024-08-27T00:00:00","date_gmt":"2024-08-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/27\/tharwah-debuts-on-nomu-today\/"},"modified":"2024-08-27T00:00:00","modified_gmt":"2024-08-27T00:00:00","slug":"tharwah-debuts-on-nomu-today","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/27\/tharwah-debuts-on-nomu-today\/","title":{"rendered":"Tharwah debuts on Nomu today"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Happy hump day, ladies and gentlemen.<\/strong> The news cycle has picked up somewhat at the midweek point as we hurtle towards the end of August. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong> is Al Majed for Oud\u2019s IPO selling out within hours of the start of the company\u2019s bookbuilding process. Institutional investors have until the end of the week to subscribe to the perfume maker\u2019s market debut. We have the full story in this morning\u2019s news well, below. <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homegrown recruitment and HR agency <\/strong><strong>Tharwah will ring the bell on Tadawul\u2019s parallel<\/strong><strong> market Nomu this morning<\/strong> as its shares begin trading, according to <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-details\/!ut\/p\/z1\/tVPLdpswEP2WLrzEGkCA2p3aJMQ5uA7xK7DxETDGpCARrJh-fmW7CzvHSdpFtJo7uqN53BFJySNJpdhVpdCVkqI2OEn9lcd9cG4ZTMJZZEO8CCK2iGc2jChZkJSkudSt3pBEi0L0L_UK5QC2wvoLD3bbVTluhSwqWaCxDk6J_dFoRPcL9RHm-gRaDjgUmOPt09QqFzWSBOUetXlVkATWkDNK0cpsmlnUswOLUTSWoJlLvcIGF8nyvAs2Dn2If_J44gQehAsg6ftNvoqH6b0H8c392I3gAULw_y0e3jj8w_xT03Fi3gjeJHGTZFdhT-ZSdY0RbvqfIzLs5Y_xKp5fP5hMJ5O-BXL3UX1mS6qn5-eUm1VQUuNvTR4_cxeW-3JPS5rwr4FR5O57OIq4y_zgNeGC5OeEC5oeCO-IZsZS1io7_hIuM5eVJO1wjR12w5fOuDdat9tvAxhA3_fDUqmyxmGumgFcCtmorZnbOZO0TcPcxprPzcUMk9VVtJ6Onrx6F_EvfwDX0LD6\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/?locale=en\" style=\"\" rel=\"noopener\">a Tadawul statement<\/a>. Tharwah\u2019s shares will be allowed to trade within a \u00b130% range for the first three days before being capped at no more than 10% up or down when circuit breakers kick in. All shares on Tadawul are subject to the 10% up-or-down rule.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The agency took a 15% stake public on Nomu in an offering that was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f2770a85-837d-4a85-a75d-a36b33fd8ef5\/%253cmark%253etharwah%253c%2Fmark%253e-hr%25e2%2580%2599s-nomu-offering-closes-fully-subscribed\" style=\"\" rel=\"noopener\">107.9%<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f2770a85-837d-4a85-a75d-a36b33fd8ef5\/%253cmark%253etharwah%253c%2Fmark%253e-hr%25e2%2580%2599s-nomu-offering-closes-fully-subscribed\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f2770a85-837d-4a85-a75d-a36b33fd8ef5\/%253cmark%253etharwah%253c%2Fmark%253e-hr%25e2%2580%2599s-nomu-offering-closes-fully-subscribed\" style=\"\" rel=\"noopener\">covered<\/a>, earmarking the proceeds for expansion projects and shoring up its capital. Tharwah had priced its offering at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c9541a1a-8498-449c-a1af-5ac2e8a6b3c7\/%253cmark%253etharwah%253c%2Fmark%253e-hr-kicks-off-nomu-ipo,-pricing-shares-at-sar-62-apiece\" style=\"\" rel=\"noopener\">SAR 62 a share<\/a>, which could see it raking in up to SAR 43.8 mn in proceeds, and give it a market cap of SAR 292 mn at listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>\u26a0\ufe0fWEATHER WARNING- Storms aren\u2019t letting up:<\/strong> Makkah is expected to see heavy rain, flooding, and strong winds from today through to next Saturday, the General Directorate of Civil Defense said, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2160852\" style=\"\" rel=\"noopener\">according to SPA<\/a>. Madinah, Al Baha, Asir, Jazan, and Najran are also in for medium to heavy rain, the directorate said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Property owners in 18 districts in Riyadh and Makkah have until this Thursday, 29 <\/strong><strong>August<\/strong><strong> to <\/strong><strong>register their properties on the Real Estate Registry platform (RER)<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/x.com\/REGA_KSA\/status\/1827999253366558948\" style=\"\" rel=\"noopener\">a post on X<\/a>. Applications can be submitted via RER\u2019s <a target=\"_blank\" href=\"https:\/\/eservices.rer.sa\/#\/our-services\" style=\"\" rel=\"noopener\">online portal<\/a> which provides a set of services including deed transfers. Registration requires a valid title deed.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Making way for third ring road:<\/strong> The owners of properties at the Prince Sultan road intersection and the Grand Mosque road intersection have been given a 30 day eviction notice starting from yesterday to vacate their properties expropriated for the third ring road project, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/RCMC_KSA\/status\/1827755468510339195\" style=\"\" rel=\"noopener\">post<\/a><a target=\"_blank\" href=\"https:\/\/x.com\/RCMC_KSA\/status\/1827755468510339195\" style=\"\" rel=\"noopener\">on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- No pensions if you\u2019re out of the country for 3+ months:<\/strong> Payment of social security pensions will be suspended if the beneficiary resides outside the Kingdom for 90 consecutive or non-consecutive days in the year before pension disbursement, the Human Resources and Social Development Ministry <a target=\"_blank\" href=\"https:\/\/x.com\/Hrsd_Tamkeen\/status\/1828055309136355440\" style=\"\" rel=\"noopener\">said on X<\/a>. The Social Security Law stipulates that pension beneficiaries must be permanent residents of the Kingdom, which is defined as not being outside the Kingdom for more than three months in the year before pension disbursement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Establishments with long-term vehicle rental contracts can now use these vehicles <\/strong><strong>for delivery services<\/strong>, despite regulations that typically require vehicles for transporting goods to be owned or financially leased by the licensee, according to <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/645102\/SAUDI-ARABIA\/Car-rental-companies-vehicles-are-allowed-to-use-for-delivery-of-orders\" style=\"\" rel=\"noopener\">Saudi Gazette<\/a>. The Transport General Authority, which is granting a temporary exemption to the regulations, instructed licensed establishments to submit vehicle data and rental contracts within 30 days to obtain operating cards, which will be valid until the rental contracts expire. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- We still don\u2019t have a timeline for the Saudi-US defense pact: <\/strong>There are ongoing efforts between Washington and Riyadh to finalize a strategic agreement on military cooperation, Saudi-Israel normalization, and advancing a Palestinian state, US Ambassador to Saudi Micheal Ratney said in an interview with <a target=\"_blank\" href=\"https:\/\/english.aawsat.com\/gulf\/5054285-ratney-us-expediting-strategic-agreements-saudi-arabia\" style=\"\" rel=\"noopener\">Asharq Al Awsat<\/a>. US Secretary of State Antony Blinken had said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/538fa1db-058f-44d5-bcdb-d9ed1a99cf6b\/blinken-suggests-us-saudi-defense-and-nuclear-pacts-could-wrap-up-in-a-matter-of-%253cmark%253eweeks%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">back in May<\/a> that the agreement could be \u201cweeks away\u201d from finalizing, but the process appears to have stalled.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> The agreement would see Washington provide security assurances to Riyadh, along with cooperation on the development of a domestic nuclear power industry, as well as on artificial intelligence and other technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>#2- PIF-back Jadwa Investment\u2019s 2024 fiscal outlook for Saudi remains unchanged from 2023<\/strong>, projecting a budget deficit of 2% of GDP this year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/2267.pdf\" style=\"\" rel=\"noopener\">Macroeconomic Update (pdf)<\/a>. \u201cFor 2025, we expect the deficit to widen to 2.5% of GDP, as higher spending outweighs further gains in non-oil revenue,\u201d Jadwa said in the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gains in non-oil revenues and rising government spending are anticipated to balance<\/strong> <strong>each other out. <\/strong>Non-oil GDP is forecasted to grow by 4.5 % this year, fueled by strong activity in sectors such as trade, transport, and construction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil revenues are expected to remain stable, supported by increased Aramco dividends<\/strong>, the report reads. \u201cAverage crude production of 9 mn bpd in 2024, rising close to 9.5 mn bpd in 2025.\u201d Oil GDP is expected to contract 6% this year, but is projected to recover with 5% growth in 2025, contingent on the implementation of Opec+ production cuts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Saudi is on track to hit its USD 24 bn target for foreign direct investment (FDI) for the<\/strong><strong> current year<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2568863\/business-economy\" style=\"\" rel=\"noopener\">Arab News<\/a> reports, citing a Standard Chartered report it has seen. Crown Prince and Prime Minister Mohamed bin Salman wants to see the Kingdom attract USD 100 bn in FDI annually by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#4- <\/strong><strong>A new generative AI training program in town: <\/strong>The ICT Ministry and the Human Capacity Development Program launched the Digital Future Readiness Program to train over 7k participants in generative AI, according to a <a target=\"_blank\" href=\"https:\/\/www.mcit.gov.sa\/ar\/node\/150839\" style=\"\" rel=\"noopener\">statement<\/a> from the ministry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The Kingdom currently hosts 206 pharma and medical equipment factories<\/strong>, the Industry Ministry <a target=\"_blank\" href=\"https:\/\/x.com\/mimgov\/status\/1828010434403746131\" style=\"\" rel=\"noopener\">said on X<\/a>. This includes 56 pharma factories with SAR 10 bn in investments and 150 medical equipment factories with investments worth a combined SAR 3 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Transport General Authority issued 448.2k operating cards in 1H 2024, up 24%<\/strong> <strong>y-o-y<\/strong>, the authority <a target=\"_blank\" href=\"https:\/\/x.com\/Saudi_TGA\/status\/1828079901728968880\" style=\"\" rel=\"noopener\">said on X<\/a>. Operating cards are used to verify the technical efficiency of the vehicle, and can be issued or renewed via the <a target=\"_blank\" href=\"https:\/\/logisti.sa\/\" style=\"\" rel=\"noopener\">Logisti platform<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Al Hilal are reportedly close to getting their new fullback:<\/strong> Saudi Pro League champions Al Hilal edge closer to signing Manchester City\u2019s fullback Joao Cancelo as they wait for him to accept to move to the Kingdom after the two clubs agreed a GBP 30 mn fee, <a target=\"_blank\" href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-13780197\/Al-Hilal-attempting-lure-Joao-Cancelo-Saudi-Arabia-18m-year-contract-waiting-30-year-old-accept-deal-reaching-30m-agreement-Man-city-sign-back.html\" style=\"\" rel=\"noopener\">The Daily Mall<\/a> reported. Al Hilal also has Cancelo\u2019s teammate Kyle Walker and Bayer Leverkusen\u2019s Jeremie Frimpong lined up to replace the outgoing Saud Abdelhamid \u2014 who is close to joining AS Roma after flying out to the Italian capital yesterday for his medical checkup, <a target=\"_blank\" href=\"https:\/\/www.goal.com\/ar\/%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%B3%D8%B9%D9%88%D8%AF-%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D8%AD%D9%85%D9%8A%D8%AF-%D8%A7%D9%84%D9%87%D9%84%D8%A7%D9%84-%D8%B1%D9%88%D9%85%D8%A7-%D8%A7%D9%84%D8%AF%D9%88%D8%B1%D9%8A-%D8%A7%D9%84%D8%A5%D9%8A%D8%B7%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A7%D9%84%D9%81%D8%AD%D8%B5-%D8%A7%D9%84%D8%B7%D8%A8%D9%8A\/bltbe065ee9aee97abe\" style=\"\" rel=\"noopener\">Goal<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Saudi Karate team took home eight medals at the <\/strong><strong>2024 AKF Cadet, Junior & U21 <\/strong><strong>Championships<\/strong><strong> in Manila<\/strong>, including two gold, four silver, and 2 bronze, according to <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2160482\" style=\"\" rel=\"noopener\">state news agency SPA<\/a>. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Cenomi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The international business press can\u2019t agree on a story with which to lead this morning\u2019s<\/strong><strong> front pages<\/strong>, giving us instead a rather mixed bag. Among the stories and headlines getting top billing: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Russia launched a barrage of missiles at Ukraine<\/strong>, targeting the country\u2019s energy and water infrastructure in what Kyiv said appears to be a tactic from Moscow to hit water and heating infrastructure ahead of the winter months. The missile attacks from Russia come after Ukraine\u2019s invasion of Russia\u2019s western Kursk region this month, which marked a significant victory for Ukraine 2.5 years into their war. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/russia-launches-drone-attack-kyiv-ukraines-military-says-2024-08-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-26\/ukraine-s-air-force-says-russia-launches-drone-missile-barrage\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/08\/26\/world\/europe\/russia-ukraine-missiles-kyiv.html\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Skydance looks set to acquire Paramount<\/strong> after American businessman Edgar Bronfman Jr. decided to drop a bid to buy the studio. Bronfman \u2014 who previously served as CEO of Warner Music Group \u2014 raised doubts on his ability to secure the financing necessary for a USD 6 bn bid for Paramount before the deadline to submit a final offer tomorrow. The <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/media\/edgar-bronfman-drops-bid-for-paramount-paving-way-for-skydance-deal-71c6bed2\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> and <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/08\/27\/media-exec-bronfman-pulls-out-of-race-to-acquire-paramount.html\" style=\"\" rel=\"noopener\">CNBC<\/a> have the story, and the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/08\/24\/business\/dealbook\/edgar-bronfman-paramount.html\" style=\"\" rel=\"noopener\">New York Times<\/a> also has more on Bronfman and the dynamics at play in the bidding dance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Apple is hosting a press event on 9 September, at which the company is expected <\/strong><strong>to unveil new iPhone and Apple Watch models.<\/strong> Analysts <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-08-11\/iphone-16-preview-bigger-screens-new-colors-camera-button-ai-and-a18-chip-lzpk5495\" style=\"\" rel=\"noopener\">don\u2019t expect<\/a> the upcoming iPhone 16 will be significantly different from its predecessor, save for <a target=\"_blank\" href=\"https:\/\/www.macrumors.com\/2024\/07\/25\/iphone-17-pro-max-48mp-telephoto\/\" style=\"\" rel=\"noopener\">redesigned cameras<\/a>. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/08\/26\/apple-announces-iphone-event-for-sept-9.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EFG Hermes London Conference returns: <\/strong>EFG Hermes will hold its annual conference in London on 9-12 September, giving investors \u201cunique and unparalleled access to leading equities in MENA and key frontier emerging markets.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2151772\" style=\"\" rel=\"noopener\">Crown Prince Camel Festival<\/a><\/strong><strong> runs until Tuesday, 10 September at the Taif Camel <\/strong><strong>Racing Track<\/strong>, featuring 610 rounds of racing and a purse of SAR 56 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/exito-e.com\/datacenterxpo\/saudi\/\" style=\"\" rel=\"noopener\">Data Center Xpo summit<\/a><\/strong><strong> will kick off in Riyadh on Tuesday, 3 September.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/kbltcongress.com\/\" style=\"\" rel=\"noopener\">Kingdom Business and Luxury Travel Congress<\/a><\/strong><strong> will kick off on Wednesday,<\/strong><strong> 25 September<\/strong>, at the Crowne Plaza Riyadh RDC Hotel and Convention.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The three-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.glforum.org\/\" style=\"\" rel=\"noopener\">Global Logistics Forum<\/a><\/strong><strong> will kick off on Saturday, 12 October<\/strong> at Riyadh\u2019s King Abdullah Financial District. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Industrial Hackathon 2024 is scheduled for 10-11 October<\/strong>, the Saudi Industrial Development Fund spokesperson <a target=\"_blank\" href=\"https:\/\/x.com\/SIDFSA_SP\/status\/1827655383751569577\" style=\"\" rel=\"noopener\">said on X<\/a>. The hackathon will pit top Saudi talents against each other to showcase their design, production and sustainability solutions for the local manufacturing sector. Contestants will compete for a pool worth a combined SAR 1.4 mn. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Storms are set to continue in Makkah through to Saturday<\/p>\n","protected":false},"author":1,"featured_media":89062,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[2419,27,10,369,565,8,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-capital-markets","tag-economy","tag-enterpriseam-ksa","tag-nomu","tag-saudi-us-relations","tag-sports","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"dffc352e-c372-4ec5-9d0c-38e721b058fb","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/2\/2412.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Tharwah debuts on Nomu today","related_issue":[89059],"teaser":"PLUS: Storms are set to continue in Makkah through to Saturday","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.e4ed3ae7-8f60-4495-baf4-0fa1f94e3228.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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