Saudi’s global hub ambition behind record leveraged buyout deal for EA
Saudi Arabia is furthering its gaming hub ambitions with a record $55B deal for electronic arts. The investments in the gaming industry are being touted as…
Tag: SAUDI ARABIA
World Bank Establishes Regional Hub for Middle East, North Africa, Afghanistan, and Pakistan in Riyadh
he World Bank announced on Monday the opening of a new regional hub in Riyadh, Saudi Arabia, to serve the Middle East, North Africa, Afghanistan,…
Al-Jadaan Saudi Arabia’s Financial Market Fastest-Growing Worldwide
Saudi Arabia’s financial market has surged past $2.4 trillion, making it the fastest-growing globally, as the Kingdom doubles down on fintech, digital payments and artificial…
Tencent Deepens Digital Footprint in Saudi Arabia to Support Smart Transformation
As China races to expand its global digital presence, technology giant Tencent is stepping up its investments in Saudi Arabia with major cloud projects that…
Al-Rumayyan: Saudi PIF Targets $1 Trillion Assets by Year-End
Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund (PIF), has said the sovereign wealth fund is preparing to unveil a new long-term strategy within…
Saudi Arabia’s GDP expands 3.9% in Q2 non-oil activities GASTAT
Saudi Arabia’s economy expanded 3.9 percent in the second quarter of the year, fueled by robust non-oil activity that extended its growth streak to 18…
Saudi Arabia Private Sector Drives Housing Projects Worth Over $106 Billion
Saudi Arabia’s Minister of Municipalities and Rural Affairs and Housing, Majid Al-Hogail, announced that the value of housing projects executed in partnership with the private…
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” – a foundational artificial intelligence model…
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 Hajj and the Two Holy…