NEWS DESK GCC UAE

SVB Failure – Abu Dhabi-Based Investment Firm Royal Group Considering Takeover Of The UK Arm Of Silicon Valley Bank

News Editor 24/03/2023

The Royal Group, an investment company funded by Abu Dhabi royal, is considering taking over Silicon Valley Bank’s (SVB) UK vertical in light of the current development of SVB’s bankruptcy. According to Bloomberg, Sheikh Tahnoon bin Zayed Al Nahyan, chairman of Royal

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Neom Enters Agreement To Transform Sustainable Food Production

News Editor 23/03/2023

NEOM, the innovation hub in northwest Saudi Arabia, is working with CARE, a global organization founded by Italian chefs Norbert Niederkofler and Paolo Ferretti, to transform sustainable food production. Through this partnership, they hope to create NEOM’s unique culinary identity in which food is treated ethically from the farm to the plate. Together, they

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Social Development Bank To Provide $6 Billion In Loans To SMEs Over The Next Three Years

News Editor 22/03/2023

According to a senior official, Saudi Arabia’s Social Development Bank plans to provide SR24 billion ($6.3 billion) in funding to small and medium-sized businesses over the next three years as Saudi Arabia gradually diversifies its economy to meet the objectives outlined in Vision 2030. In an interview on the margins of the Biban 2023, Sultan Al-Hamidi, Chief

NEWS DESK GCC Saudi Arabia

Riyadh To Host International Conference To Examine Leveraging Digital Transformation In Justice Sector

News Editor 21/03/2023

The Saudi Ministry of Justice, from March 5 to 6, 2023, will host the first International Conference on Justice in Riyadh. The goal of this conference is to bring together experts, judges, and important decision-makers from the legal fields of more than 30 countries to discuss how digital technology is changing the field of justice. Digital […]

NEWS DESK GCC Saudi Arabia

10 Startups Awarded $1 Million Cash Prizes at Accelerator Program Finals in Saudi Arabia

News Editor 20/03/2023

One of the oldest accelerator programs in the Middle East, TAQADAM, recently granted ten startups a cash pool totaling $1 million. The King Abdullah University of Science and Technology established the initiative in cooperation with the Saudi British Bank. This year’s annual accelerator program showcase marked the sixth year of the launch of the prize ceremony. Over

NEWS DESK GCC UAE

UAE Unveils New Program To Promote Emiratisation In Manufacturing, Industry, And Technology

News Editor 20/03/2023

The Industrialist Program is a new UAE initiative that aims to increase Emiratisation in the industrial sector and improve the region’s capabilities. The initiative was made possible by an MoU signed by the Ministry of Industry and Advanced Technologies (MoIAT), the Ministry of Human Resources and Emiratization (MoHRE), and the Emirati Talent Competitiveness

NEWS DESK GCC Saudi Arabia

Saudi’s Potential To Take The Lead In Carbon Capture On The Road To Net-zero Emissions

News Editor 19/03/2023

As nations throughout the world step up their efforts to achieve net-zero carbon emission objectives and mitigate the effects of climate change, oil, and gas-producing nations, in particular, are under great pressure to quickly shift to green energy sources. According to Bloomberg, $6.4 billion will be invested globally in carbon capture and storage projects this […]

NEWS DESK GCC UAE

Dubai Foundation Signs MoU With UNESCO’s Regional Centre for Excellent Education

News Editor 18/03/2023

The HRMFDAP and the UNESCO Regional Centre for Quality and Excellence in Education have agreed to work together more closely in the areas of education and research by signing an MoU. The agreement was signed at the Mohammed Bin Rashid Library on the margins of the World Conference for Innovation in Education, which was hosted by HRH Sheikh Mohammed […]

NEWS DESK GCC UAE

The UAE’s Ministry of Education Will Train Educators In AI Tutoring

News Editor 17/03/2023

The UAE Ministry of Education is advancing artificial intelligence in education. A policy that will guide academics and teachers on how to employ language models for generative AI is currently being put together. In this approach, tutoring powered by AI will be used in all of the schools in the Emirates. Dr. Ahmad Belhoul Al […]

NEWS DESK GCC UAE

UAE Astronaut Sultan AlNeyadi To Spend Six Months On The ISS: What You Need To Know

News Editor 12/03/2023

Sultan AlNeyadi, an astronaut from the UAE, will be the first Arab to go on a long-term space mission. He will spend six months with other crew members on the International Space Station, a laboratory in orbit 400 kilometres above Earth. As the new target date for SpaceX Crew-6 Dragon Endeavour’s launch on a Falcon 9 rocket […]

NEWS DESK GCC Saudi Arabia

Biban, The Largest Entrepreneurship Conference In Saudi Arabia, Will Offer $2.7 Million In Prizes At Biban 2023

News Editor 11/03/2023

More than $2.7 million will be awarded in a dozen new competitions and “hackathons” at Biban 2023. Biban is Saudi Arabia’s largest entrepreneurship forum, created to inspire businesses to showcase their entrepreneurial ventures. The Biban 2023 event will be held at the Riyadh Front Exhibition & Convention Center from March 9 to March 13. It intends to

NEWS DESK GCC Saudi Arabia

LEAP 2023: Saudi Arabia’s Tech Sector, $9 Billion in Investments

News Editor 10/03/2023

Every year, Saudi Arabia holds one of the most significant lt events for Saudi Arabia’s tech sector. It is a 3-day event that offers stakeholders the chance to present new and disruptive technologies to over 100,000 attendees worldwide. The country always commits to expending significant investment infrastructure to the tech sector; this year’s edition is […]

NEWS DESK GCC Saudi Arabia

Humanitarian Forum In Riyadh Promotes Innovation, AI Usage In Disaster Response

News Editor 09/03/2023

At the heart of the Riyadh International Humanitarian Forum was the need to reduce funding gaps in humanitarian aid and use science and innovation for quicker response and coordination. This third forum was put together by the United Nations and its humanitarian groups with help from the King Salman Center for Relief and Humanitarian Aid. The event took […]

NEWS DESK GCC Saudi Arabia

Najran, Saudi Arabia, Restores And Preserves Old Mud Homes And Palaces

News Editor 08/03/2023

In an endeavour to safeguard its cultural heritage, the city of Najran is currently working to restore the mud dwellings, castles, and palaces in 33 of its old villages in the hopes of turning them into a future rural tourism attraction. Locals and owners of historic homes have taken the lead on restoration efforts as a patriotic […]

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Du And Huawei Sign An Agreement For The 5.5G Initiative

News Editor 07/03/2023

In a world where technology never stops evolving, the UAE is proving to be a true pioneer. While other countries are still trying to catch up with the latest 5G technology, the UAE is already making strides toward paving the way for 6G. The UAE is actively working toward introducing the 6G network by 2030. […]

NEWS DESK GCC Saudi Arabia

Saudi Arabia’s Entertainment Authority Will Host The First IAAPA Trade Summit In The Middle East

News Editor 06/03/2023

Together with the IAAPA, the Saudi General Entertainment Authority (GEA) will organise the IAAPA Middle East Trade Summit from March 5th to 8th. During this time, there will be workshops focusing on the real-world experiences of experts in the entertainment industry. The trade summit is the first of its kind in the Middle East. It includes dialogue sessions with […]

NEWS DESK GCC Saudi Arabia

Saudi Arabia Offers Virtual Medical Assistance To Syrian And Turkish Earthquake Survivors

News Editor 05/03/2023

Over the past weeks, Saudi Arabia has been providing virtual health assistance to earthquake survivors in Syria and Turkey. It is part of the international relief effort following the disaster. The Kingdom was at the front of the aid effort from the start. It sent planes with food, shelter, and emergency services like medical supplies. […]

NEWS DESK GCC Saudi Arabia

Crown Prince Of Saudi Arabia Launches New Murabba Development Company To Transform Downtown Riyadh

News Editor 04/03/2023

The Crown Prince Mohammed bin Salman of the Kingdom has announced the establishment of the New Murabba Development Co., which will build a new residential, commercial, and entertainment district in the centre of Riyadh. The New Murabba project’s design focuses on sustainability, with green spaces and paths for walking and biking that will improve

NEWS DESK GCC UAE

Dubai Aims To Become An Industrial Hub In Accordance With The Dubai Industrial Strategy 2030 Vision

News Editor 03/03/2023

Dubai is increasing its efforts to become a global manufacturing and industrial hub and attract major investments in key industries such asutilize technologies aerospace, pharmaceuticals, and medical equipment. These efforts are in line with the Dubai Industrial Strategy 2030, which projects a $5 billion increase in the industrial sector by 2030.  Dubai’s industrial

NEWS DESK GCC Saudi Arabia

Celebrating Saudi Arabia’s Achievements At The Esameyoon 2023

News Editor 02/03/2023

Esameyoon recognizes Saudi entrepreneurs who have achieved success in the business world. Mohammed Ibrahim Al-Subaie and Sons Investment Co. (MASIC) started the event in 2019. This year’s event brought together leaders from both the public and private sectors.  Participants included Saudi Industrial Development Fund CEO Prince Sultan bin Khalid bin