Saudi Arabia

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

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 […]

Business

Global Financial Community Optimistic to Overcome Market Challenges and Build Stronger, Tech-Driven, Sustainable Future Economy

Middle East News 247 17/03/2023

RIYADH, Saudi Arabia — The second edition of the Financial Sector Conference (FSC 2023) has concluded in Riyadh, with a mood of optimism and energy to overcome market challenges to build a stronger, technology driven and sustainable economy of the future. Over 3200 participants from 82 countries, and 180 media, assembled in the Saudi capital […]

Business GCC Saudi Arabia

Leaders of the Global Financial Community Outline Positive Outlook for Sector as Financial Sector Conference Opens in Riyadh

Middle East News 247 16/03/2023

RIYADH, Saudi Arabia — The second edition of the Financial Sector Conference (FSC 2023) opened today in Riyadh, welcoming over 3000 participants from around the world to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.” Welcoming delegates to the conference Saudi Minister of Finance HE Mohammed […]

Business GCC Saudi Arabia

Panasonic Boosts Revival Strategy In Saudi Arabia

News Desk 15/03/2023

Panasonic Marketing Middle East & Africa (PMMAF) announced today that it is expanding its distribution line-up in Saudi Arabia as it looks to revive its footprint in the Kingdom and establish the right level of resources to meet the growing demand for its industry-leading products and solutions.   Just recently, Panasonic also revealed that it […]

Business GCC Saudi Arabia

Biban 2023 powers the future of Saudi entrepreneurship with the launch of $13.8 billion-worth of agreements and initiatives

Middle East News 247 14/03/2023

Riyadh, Saudi Arabia — Biban 2023 — Saudi Arabia’s flagship startup and SME forum — has brought leading entities from around the world together to sign a series of landmark agreements worth approximately $13.8 billion in support of the startup community. Organized by the Small and Medium Enterprises General Authority of the Kingdom of Saudi […]

Business GCC Saudi Arabia

Saudi-Based Company White Helmet Named 2022 Entrepreneurship World Cup Champion

Middle East News 247 14/03/2023

Riyadh, Saudi Arabia — After four days of fierce competition, with 100 up-and-coming startups representing 53 countries, one has emerged the victor of the Entrepreneurship World Cup (EWC). White Helmet, a company that provides a platform to manage and monitor construction operations remotely, from anywhere and at any time, returns home with a US$300,000 share […]

Hospitality GCC Saudi Arabia

Radisson Hotel Group solidifies its presence in Saudi Arabia

News Desk 14/03/2023

Radisson Hotel Group is proud to announce the opening of its eighth hotel in Riyadh, Radisson Blu Hotel, Riyadh Convention & Exhibition Center. This new addition forms an integral part of the Riyadh International Conference and Exhibition Center. Situated in the capital city of Saudi Arabia and within walking distance of the city center and […]

Business

Landmark agreements worth over $6.4 billion announced on Day 4 of Biban 2023 forum

Middle East News 247 13/03/2023

Riyadh, Saudi Arabia — Today, the Social Development Bank (SDB) pledged $6.4 billion to funding entrepreneurs, small and medium-sized enterprises (SMEs), and freelancers across the Kingdom over the next three years. The multibillion-dollar pledge was announced on Day 4 of Biban 2023, with the landmark commitment set to contribute to the achievement of the nation’s […]

Business

More than $2.8 billion worth of agreements signed on Day 3 of Biban 2023

Middle East News 247 13/03/2023

RIYADH, Saudi Arabia – Today, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia (Monsha’at) has underlined its commitment to advancing entrepreneurship in the Kingdom. In line with Vision 2030, Monsha’at has signed a range of agreements with a selection of leading regional and global entities. Contributing to the growth and […]

Business

HyperPay announces expansion plans

News Desk 13/03/2023

March 13, 2023- HyperPay, the largest and fastest-growing payments services provider in the MENA region, has announced that it is going public through an initial public offering (IPO) in Saudi Arabia within the next two years as part of its expansion plan in the country’s fintech market. The payments services provider aims to become the […]

Business

Day 2 of Biban 2023 sets the stage for the launch of over $1.5 billion worth of agreements

Middle East News 247 13/03/2023

RIYADH, Saudi Arabia — The Kafalah Program officially announced a partnership with a diverse selection of Saudi-based entities, pledging up to $1.5 billion in financing guarantees for the Kingdom’s burgeoning community of startups and small and medium-sized enterprises (SMEs). The announcement was made on the second day of Biban 2023, with the Kafalah Program — […]

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 […]

Business

Over 25 agreements worth more than $2.93 billion signed on the opening day of Biban 2023

Middle East News 247 10/03/2023

Riyadh, Saudi Arabia — The Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, Monsha’at, has signed a Memorandum of Understanding (MoU) with Huawei Tech Investment Saudi Arabia Limited. Launched on the opening day of Biban 2023 — Saudi Arabia’s flagship startup and SME forum  — the new partnership will see the […]

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 […]