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  • AI is powering Saudi Arabia’s next wave of economic growth: Video

    Saudi Arabia is betting big on AI to power its post-oil future, with the technology set to inject over $135 billion into the economy by 2030.

  • Saudi Arabia’s e-commerce sees 9.4 per cent increase

    Saudi Arabia's e-commerce sector is experiencing growth, with 39,769 new businesses registered in the third quarter of this year, reflecting a 9.4 per cent increase compared to last year. According to the latest data from the ministry of commerce, Riyadh topped the list with 16,274 registrations, followed by Mecca at 10,023 and the Eastern Province with 6,328. The regions of Medina and Qasim reported 1,897 and 1,302 registrations, respectively.

  • Aramco Digital bets on partnerships to build Saudi Arabia’s AI ecosystem

    Aramco Digital has also signed several Memorandums of Understanding (MoU) at the Global AI Summit held in Riyadh recently. It inked a deal with Cerebras Systems and FuriosaAI to explore collaboration in the supercomputing and AI domains and also partnered with South Korea's Rebellions to deploy Rebellions Neural Processing Unit chips in Aramco's data centers. In addition, Aramco Digital has signed an MoU with SambaNova Systems to accelerate AI capabilities, innovation and adoption across the country. It also announced the deployment of an AI supercomputer powered by NVIDIA GPUs, one of the region's first systems of its kind.

  • Riyadh Air to fix Saudi’s ‘unacceptable’ lack of connectivity

    Speaking at Routes World 2024, CEO Tony Douglas described the current lack of non-stop flights from Riyadh to many major cities as “unacceptable”. While Saudi Arabia’s current national carrier, Saudia, will primarily focus on connecting Jeddah with regional and some international destinations, Riyadh Air will provide more direct links between the capital, Riyadh, and mega-cities around the world. One of Riyadh Air’s key targets is to boost connections between Saudi Arabia and Asia, a region with booming economies and increasing travel demand. By offering new direct routes to capitals such as Tokyo, Seoul, and Singapore, the airline hopes to position Riyadh as a major hub for business and tourism.

  • Saudi Arabia’s KSrelief continues volunteer surgery program

    Saudi aid agency KSrelief has continued its voluntary medical work around the globe, the Saudi Press Agency reported. Medical services were provided for scores of patients at the Kidney Dialysis Center in Al-Ghaydah, Al-Mahrah Governorate, Yemen. During September, 126 patients were served. Among them, 54 underwent 446 scheduled dialysis sessions and six emergency sessions, while 75 patients received medical examinations and consultations at the clinic.

  • Hezbollah supports ceasefire efforts in Lebanon, deputy leader says

     Hezbollah's deputy leader said in comments broadcast on Tuesday that the group backs efforts to reach a ceasefire in Lebanon, and for the first time omitted any mention of a Gaza truce deal as a pre-condition to halting the group's attacks on Israel. Naim Qassem's remarks were shown on television after Israeli forces began ground operations in the southwest of Lebanon, expanding incursions into a new zone.

  • Hamas faces dissent in Gaza as heavy toll weakens support for war, a year on

    “Despite all the hardships, our life was going well. We had jobs, houses and a city,” said Samira, 52, who declined to give her family name for fear of retaliation. Samira describes Israel as “our prime enemy…the source of all our ills” but she also blames Hamas' leader Yahya Sinwar, the mastermind of the Oct. 7 attacks, for what she sees as a huge miscalculation. "What was he thinking? Didn't he expect that Israel would destroy Gaza?" she said.

  • A year of escalating conflict in the Middle East has ushered in a new era of regional displacement

    Israel’s ongoing attacks have forced nearly 2 million Palestinians to flee their homes in Gaza over the past year, amounting to 9 in 10 inhabitants of the densely populated strip. What is unique about the scale of the displacement in Gaza is that nearly all internally displaced persons remain trapped, unable to leave the territory amid Israel’s ongoing border closure and bombardment. This has intensified cascading humanitarian crises, including famine and the spread of disease, along with countless other hardships that make normal life nearly impossible. For many Palestinians in Gaza, the yearlong bombardment has meant repeated displacement as Israeli attacks shift from area to area, amid shrinking humanitarian spaces.

  • Saudi Arabia’s PIF to Take 40% Share in Selfridges Stores

    The PIF will take a 40% stake in both the property and operating businesses of Selfridges, according to an emailed statement from current co-owner Central Group. The Thai retail conglomerate will own a 60% stake, with the deal including new investment from both shareholders to shore up Selfridges’ financial position. The PIF has signed a binding agreement for a total buyout of Signa’s interest in the department store chain, the statement said. The terms were not disclosed.

  • High-level Saudi delegation to visit Pakistan from Oct. 9-11 amid Islamabad’s investment push

    Saudi Arabia’s Investment Minister Khalid bin Abdulaziz Al-Falih will visit Pakistan with a high-level delegation from Oct. 9-11, Pakistan’s foreign office spokesperson said on Monday, stressing that the visit would aim to enhance bilateral cooperation and economic partnership between the two allies.  Pakistan and Saudi Arabia have been closely working in recent months to increase bilateral trade and investment deals, with Crown Prince Mohammed bin Salman reaffirming the Kingdom’s commitment to expedite an investment package of $5 billion to the South Asian country earlier this year.