HUMAIN Launch ‘Allam’ First Arabic AI Foundation Model
In a bold move reflecting Saudi Arabia’s rapidly accelerating digital transformation, tech company HUMAIN is preparing to launch “Allam” –…
Category: MENA
Gold Rises on Increasing Fed Rate-cut Bets, Weaker Dollar
Gold rose on Wednesday as expectations of a US Federal Reserve interest rate cut in September gained traction following mild…
Egypt Signs $1 Bln Deal with China’s Sailun Group for Tire Factory
Egypt has signed a deal with China’s Sailun Group to build an automotive tire factory in the Suez Canal Economic…
Saudi Telecom Revenues Near $7.2 Billion in Q2
Saudi Arabia’s listed telecommunications companies posted robust results in the second quarter of 2025, with both profits and revenues showing…
Vision 2030 Boosted Saudi Arabia’s Ability to Reassess Spending
Saudi Arabia’s Ministry of Finance said the kingdom is now better equipped to reassess its spending priorities during times of…
Fitch-rated sukuk surpasses $210bn as market expands 16%
The value of sukuk rated by Fitch Ratings exceeded $210 billion in the first half of 2025, marking a 16…
King Abdulaziz Foundation for Research and Archives to Host Forum on History of Hajj, Two Holy Mosques
The King Abdulaziz Foundation for Research and Archives (Darah) is preparing to host an international forum highlighting the history of…
Saudi Banking Sector Posts Highest Quarterly Profits in Its History
Saudi Arabia’s banking sector has achieved record-breaking quarterly earnings, reporting its highest-ever profits during the second quarter of 2025. According…
Formula E Partnership with Saudi Arabia
Formula E’s partnership with Saudi Arabia and the Kingdom’s Public Investment Fund (PIF) is emerging as a global benchmark for…
Saudi Arabia Aims to Cement Role as Aviation Hub Boeing
Saudi Arabia is rapidly establishing itself as a leading regional hub in the global aviation industry, propelled by record passenger…