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  • Saudi ‘Ignite’ digital content program grows 70% in 2023: Vice Minister

    The Ignite digital content program grew 70% year-on-year (YoY) to SAR 20 billion in 2023, which reflected positively on the Kingdom’s gross domestic product (GDP), said Haytham AlOhali, Vice Minister of Communications & Information Technology, on the sidelines of a digital advertising event.   Ignite is one of the Kingdom’s digital economy fundamentals, AlOhali underlined, adding that the size of the local advertising market doubled from SAR 1.9 billion in 2022 to SAR 4.8 billion in 2023.

  • The power of innovation and collaboration in Saudi Arabia

    In our industry, ‘innovation’ is a buzzword that’s thrown around a lot, but often falls short in practice. Every conversation and project request seems to demand innovation, but most of the time, it doesn’t deliver. Let’s break it down: there’s basic improvement, which some might call innovation, and then there are big ideas that never actually happen.

  • Aleksandar Mitrovic and Ruben Neves enjoying work-life balance of Saudi Pro League

    Mitrovic, originally from Serbia, said: "After seven years in England I think the first thing was the sun. I never had summer sun in my life. "It's been different you know, different culture, different football, the mentality of people as well but so far I'm really happy. My family is happy. The club is amazing so far it's a great experience and looking forward to more years.

  • Saudi expands strategic toolbox with Lenovo deal

    By the usual standards, Lenovo’s (0992.HK), opens new tab new debt deal doesn’t make much sense. The $2 billion convertible bond, opens new tab, sold exclusively to a unit of Saudi Arabia’s Public Investment Fund, pays no interest and carries a conversion threshold of HK$10.42 per share that is already below the company’s current stock price. But the security cannot be exchanged for shares until just before it matures in 2027. On the face of it, the laptop maker is getting the better end of the deal.

  • Will Saudi-Iranian Relations Be Affected By Raisi’s Demise?

    The Saudi government took further steps by dispatching a delegation to Tehran, including Prince Mansour bin Miteb bin Abdulaziz, adviser to King Salman and minister of state, and Foreign Minister Prince Faisal bin Farhan. They were joined by Saudi Ambassador to Tehran Abdullah Al-Anazi. The delegation met with Acting Foreign Minister Ali Bagheri Kani and paid their respects to the victims of the helicopter crash.

  • Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion

    Saudi Arabia’s top 10 listed banks saw  their earnings surge in the first quarter (Q1) of 2024 by 8 percent to reach SAR18.65 billion ($4.97 billion), compared to the same period the previous year. This increase can be attributed to several factors, including an 11 percent growth in lending and a rising interest rate environment that has heightened the cost of credit.

  • Saudi Arabia outlines steps to improve comfort for Hajj pilgrims

    Authorities in Saudi Arabia have outlined how they are making Hajj as comfortable as possible for pilgrims arriving in Saudi Arabia. The Saudi Press Agency documented the arrival of pilgrims from various nationalities at the Prophet’s Mosque, highlighting the extensive care provided by the the General Authority for the Affairs of the Grand Mosque and the Prophet’s Mosque.

  • First Syrian jet in over a decade transports Muslim worshippers to Saudi Arabia for Hajj pilgrimage

    For the first time in over a decade, 270 Syrians traveled on a direct flight early Tuesday from Damascus to Saudi Arabia for the annual Islamic Hajj pilgrimage, the Syrian Transportation Ministry said. The development is part of an ongoing thaw in relations between Damascus and Riyadh, which days ago appointed Saudi Arabia’s first ambassador to war-torn Syria since severing ties in 2012.

  • Harvard graduation ceremony witnesses emphasis on Gaza

    In her original speech, which was titled “The Power of Not Knowing,” Kumar said: “Now, we are in a moment of intense division and disagreement in our community over the events in Gaza. I see pain, uncertainty, and unrest across campus. It’s now, in a moment like this, that the power of ‘not knowing’ becomes critical.”

  • Latest Saudi textbooks reflect an increasingly positive shift toward Jews, Israel – IMPACT-se

    Saudi Arabia’s school curriculum has shown positive improvements in tolerance and inclusivity and significant moderation of anti-Israel material, a new study by The Institute for Monitoring Peace and Cultural Tolerance in School Education (IMPACT-se) revealed Tuesday.