Artificial intelligence is expected to contribute over $135.2bn in 2030 to the kingdom’s economy, equivalent to 12.4 per cent of GDP
The new directive will come into effect on 1am, February 9, 2022
It covers the construction of a network of road tunnels, ramps and a major bridge deck as well
Last week, Fitch Ratings gave the fund a rating of A
Global sales of green bonds hit a record $513bn last year
The directive will be put into effect from 1am on February 9, 2022
The collaboration will showcase the importance and capabilities of private networks in a variety of industries
The firm received regulatory approval for the listing in December
The ‘Ignite’ initiative will offer several incentives such as financial support for local, regional and international companies and startups
Saudi Arabia is hosting its largest-ever technology event, LEAP, from February 1-3 at the Riyadh Front Expo Centre
Saudi Telecom already spun off its internet services unit and listed it on the kingdom’s stock market last year
The event is being held at the Riyadh Front Expo Centre from February 1-3 and will feature over 400 expert speakers
NEOM Tech & Digital Co. launches XVRS cognitive metaverse and M3LD data management platform as part of a $1bn investment
Local investors placed orders worth SAR206bn
Cuemath, backed by Google, launched its operations in the UAE in June 2021
Pilot scheme for fully automated electric passenger pod will ferry people between the south entrance to AlUla’s Old Town and south car park
The company’s Series A round was led by Silicon Valley’s Graphene Ventures
The Saudi benchmark index has jumped about 9 per cent this year
The group aims to be the leading national and international gaming and e-sports company
The event will be held at the Riyadh Front Expo Centre from February 1-3 and will feature over 400 expert speakers across six conferences
The project will feature upscale accommodation with more than 150 keys
Euro-denominated outstanding debt is currently around 2 per cent of the kingdom’s overall portfolio
The IPO comes as countries in the Middle East step up efforts to sell shares in private companies and boost liquidity on their stock markets
PIF-owned SCAI will foster innovation in strategic sectors and accelerate key national technological priorities
The Boutique Group will transform historic and cultural palaces into luxurious boutique hotels in Saudi Arabia
Sequoia is deepening its presence in the Middle East after recently backing companies from Turkey to Egypt
Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase
Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year
Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel
The new facility will also provide customers original spare parts, onsite troubleshooting, in-house maintenance services