#riyadh

LEAP23

LEAP23 announces investments of over $9bn to support future technology and startups

The event is running at Riyadh Front Exhibition & Conference Centre from today until February 9

Oracle

Oracle to open third public cloud region in Saudi Arabia

The new region in Riyadh is part of the company’s planned $1.5bn investment to expand cloud infrastructure in the kingdom

CEO of TAM, abdullah-yusuf.png

Saudi management consultancy TAM receives CMA approval for IPO

The consultancy will list shares on Tadawul’s Nomu-Parallel Market

Lazard

Lazard names key Aramco IPO banker as head of MENA advisory

Wassim Al-Khatib will also be the CEO of Lazard Saudi Arabia

Saudi Flynas

Saudi low cost carrier Flynas eyes expansion with overseas units

The airline said it would seek so-called Air Operator Certificates in two unidentified countries as it looks to double the scale of its operations

Mideast KFC operator Americana raises $1.8bn from IPO

Mideast KFC operator Americana raises $1.8bn from IPO

Americana will be the first company to have its shares traded in both Riyadh and Abu Dhabi

KFC

Gulf KFC operator seeks up to $1.8bn from Saudi, UAE IPO

The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6

Middle East KFC operator set for Abu Dhabi, Riyadh dual listing

Americana Restaurants International received approval to sell a 30 per cent stake, or 2.53 billion shares

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar inaugurates new office in Saudi Arabia to expand presence

Masdar aims to add to existing projects in the kingdom, including a 400MW wind farm and a 300MW solar power plant

Amazon opens its new corporate office in Riyadh

Amazon opens its new corporate office in Riyadh

With the opening of the new office, Amazon is also working to launch an initiative to empower and train Saudi talent

Saudi’s Seera Group to operate inbound charter flights to the kingdom

Flights will operate from November 2022 through to March 2023

Sohag

Saudi carrier flynas to resume direct flights to Sohag from Riyadh, Jeddah

From October 30, three weekly flights will connect the two Saudi cities to Sohag

HSBC Saudi Arabia promotes Faris Alghannam to CEO role

Alghannam has been with HSBC Saudi Arabia since 2011

Wizz Air

Wizz to have 50-plane fleet in Saudi Arabia by end of decade

Wizz as a whole is planning for a fleet of 500 aircraft by 2030

Saudi oil driller hires Goldman, HSBC, SNB Capital for local IPO

Arabian Drilling operates 45 rigs and had revenue of $586m last year

Global AI Summit Saudi

Global summit on artificial intelligence begins in Riyadh

The second edition of the Global AI Summit brings together various stakeholders to discuss the future of artificial intelligence and the kingdom’s contribution to this field

Global cybersecurity Forum

Saudi’s NCA to host Global Cybersecurity Forum in November

Two-day forum will be held in Riyadh bringing together policymakers, governments, business, cybersecurity experts, academia and NGOs

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

Qatar

Qatar world cup shuttle flights set to buoy Gulf tourism

The shuttle service will initially connect Doha with Dubai, Muscat, Riyadh, Jeddah and Kuwait City

STC Alibaba

Saudi’s stc Group announces launch of Alibaba Cloud in Riyadh

Alibaba will offer a wide range of cloud computing services and solutions, a step that will enable local companies to digitise their businesses

DXB

Dubai’s DXB records 13.6 million passengers in Q1 2022

DXB is currently connected to 193 destinations across 92 countries via 73 international carriers

Riyadh

Saudi oil refinery targeted in drone attack

The strike on the facility in Riyadh on Thursday morning did not result in any injuries, while the supply of oil from it remained unaffected too

Saudi Aramco shares hit record as oil demand rebounds

Crude prices have surged around 20 per cent this year

Dubai’s Emirates, Saudi Tourism Authority ink agreement to underpin inbound tourism in the kingdom

The agreement aims to capitalise on the airline’s global network to amplify the Saudi Arabian experience for leisure travellers

Riyadh

Saudi Arabia convicts 11 people for laundering SAR10bn

An initial verdict has led to the conviction of two Saudi nationals and nine expatriates

Getty Images/Unsplash

Data and digital consulting firm Artefact expands to Saudi Arabia

Artificial intelligence is expected to contribute over $135.2bn in 2030 to the kingdom’s economy, equivalent to 12.4 per cent of GDP

Saudi unveils $1.1bn programme for digital content creation, media production

The ‘Ignite’ initiative will offer several incentives such as financial support for local, regional and international companies and startups

Hands-on review

Hands-on review: Huawei P50 Pro

The new smartphone is available for pre-order in the UAE at a price of Dhs3,999

Saudi Investment

Saudi’s largest-ever tech event, LEAP, to take place in February

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

Saudi fund’s digital security firm seeks $820m from IPO

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