#Saudi Arabia

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Saudi’s Prince Sultan University and VMware sign MoU to launch innovation centre

The innovation centre will enable students, and businesses to experience cloud, and security solutions, supporting the kingdom’s digitisation agenda

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Saudi Arabia convicts 11 people for laundering SAR10bn

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

OPEC sees upside potential for oil demand as economy rebounds

OPEC and its partners are trying to gradually restart production halted during the pandemic

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Saudi Arabia’s economic growth stays near decade-high as oil powers rebound

The kingdom’s economy expanded 6.8 per cent in the fourth quarter of 2021

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Invixium appoints Saudisoft as a distributor for Saudi Arabia

The distributor will offer Invixium’s complete portfolio of biometric and card readers to its customers in Saudi Arabia

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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 makes 48-hour negative Covid test mandatory for Umrah pilgrims

The new directive will come into effect on 1am, February 9, 2022

Diriyah: Nesma awarded SAR1.2bn transportation contract

It covers the construction of a network of road tunnels, ramps and a major bridge deck as well

Saudi Arabia

Saudi wealth fund edges closer to green bond with Moody’s rating

Last week, Fitch Ratings gave the fund a rating of A

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Flydubai to begin flights to AlUla and Yanbu in Saudi Arabia

With the two additional routes, the airline will be flying to six destinations in the kingdom

Green bonds still have a long way to go to dent climate crisis

Global sales of green bonds hit a record $513bn last year

Dubai Islamic Bank targets growth, scouts out deals

The lender reported its profit jumped 33 per cent in 2021 to Dhs4.4bn

Saudi Arabia airport

Saudi mandates Covid-19 booster shot for citizens travelling abroad

The directive will be put into effect from 1am on February 9, 2022

Mobily partners with Ericsson to expand 5G industry use cases in Saudi Arabia

The collaboration will showcase the importance and capabilities of private networks in a variety of industries

Saudi pharmacy chain seeks $1.3bn in top IPO since Aramco

The firm received regulatory approval for the listing in December

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

In pics: Day two at Saudi’s global technology platform LEAP22

Saudi Arabia is hosting its largest-ever technology event, LEAP, from February 1-3 at the Riyadh Front Expo Centre

Saudi Telecom spins off data centre, cable assets to new firm

Saudi Telecom already spun off its internet services unit and listed it on the kingdom’s stock market last year

Flags of all 6 GCC member states, Doha, Qatar.

GCC economies to bounce back in 2022: MUFG Research

Forecast shows GDP to grow at 6.1 per cent this year; with the GCC surplus to reach $27bn

In pics: Day one at Saudi’s largest-ever tech event LEAP22

The event is being held at the Riyadh Front Expo Centre from February 1-3 and will feature over 400 expert speakers

LEAP22: Saudi Arabia unveils over $6.4bn in technology and startup investments

NEOM Tech & Digital Co. launches XVRS cognitive metaverse and M3LD data management platform as part of a $1bn investment

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Saudi Arabia’s Elm draws $57bn in institutional orders

Local investors placed orders worth SAR206bn

Global edtech Cuemath expands to Saudi Arabia

Cuemath, backed by Google, launched its operations in the UAE in June 2021

Saudi’s Royal Commission for AlUla launches autonomous pod vehicle service

Pilot scheme for fully automated electric passenger pod will ferry people between the south entrance to AlUla’s Old Town and south car park

Saudi Investment

Saudi wealth fund rakes in $5bn as demand for stocks booms

The Saudi benchmark index has jumped about 9 per cent this year

Here’s how HP ProBook 650 G8 is meeting the needs of businesses in Saudi Arabia

Through its broad range of products, HP aims to help businesses operate with increased safety standards while also providing the best performance

Public cloud gains pace in the MENA region

With cloud computing gaining traction during the pandemic, players like Oracle have stepped up and demonstrated their commitment to the region through the opening of cloud regions

Saudi’s PIF launches Savvy Gaming Group to spur gaming, esports sector

The group aims to be the leading national and international gaming and e-sports company

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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

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Gaming consumption in Saudi Arabia projected to reach $6.8bn by 2030

Gaming will increase by an average of 22 per cent compound annual growth rate in the kingdom, according to new Boston Consulting Group report