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  • Saudi Non-Oil Economy Rebounded to 2.9% Growth in First Quarter

    The non-oil sector grew 2.9% in the first three months of 2021 compared to the same period last year, while the oil economy shrank 11.7% due to production cuts made to support prices. Lower oil output dragged down the overall economy of the Group of 20 country, which contracted 3%. The good news came from the non-oil sector, whose performance is a key metric for officials as they try to diversify the economy of the world’s largest exporter of crude.

  • European countries sign cultural network charter with Saudi Arabia

    The members include the embassies of Austria, France, Spain, Italy and Czech Republic along with the Goethe Institut. The charter aims to strengthen dialogue between the nations and Saudi Arabia leading to increased cultural activity and diverse opportunities in the Kingdom in fields such as fashion, film, music, architecture and design, and visual arts projects.

  • Saudi partners with US-based startup Zapata to become a regional leader in quantum technologies

    Gulf nations have been ahead of the world when it comes to a digital revolution. Scientists believe that the solution for designing eco-friendly and fuel-efficient vehicles will be found in quantum computing.

  • Saudi Motorsport Company Reveals Renderings of State-of-the-Art Track Pit Building for F1 Race

    The Saudi Motorsport Company has revealed new renderings of what the state-of-the-art pit and team building at the inaugural Saudi Arabian Formula 1 Grand Prix in Jeddah will look like. Considered the heart of the circuit – set to be F1’s fastest ever street track – the building will overlook the starting grid and back on to Jeddah’s majestic Red Sea coast.

  • Portrayal of Saudi women in art through the decades

    Saudi society has experienced tremendous developments over the past few decades, driven by successive development plans, which played a major role in driving social change and empowering women. Despite the relatively short history of Saudi Arabia’s art movement, art can be used as a tangible source of reflection on the country’s wider social context, particularly when it comes to the status of women.

  • Smallheer Participates in Launching Saudi Arabia’s First NP Program

    When the Kingdom of Saudi Arabia decided it was time to expand their health care system to include nurse practitioners (NPs), they sought an international team of nurse educators to help them get started. Benjamin Smallheer, PhD, RN, ACNP‐BC, FNP-BC, CCRN, CNE, associate professor, is one of those educators.

  • Saudi Arabia dominates startup investment sector during May

    Wassim Basrawi, the managing director of Wa’ed, the entrepreneurship arm of Saudi Aramco, told Arab News: “It is not surprising that venture capital deal making is picking up in the Saudi market. We’ve been observing that now for months as the Kingdom emerges from (the coronavirus disease) COVID-19 pandemic.”

  • Saudi researchers eye quantum progress from tie-up with US computing startup

    Using Zapata’s Orquestra system, KAUST is examining various lines of research to determine how quantum technologies could offer an advantage over classical computing tools in a variety of computational fluid dynamics (CFD) use cases for aircraft and automobile aerodynamic design.

  • Vision Fund to back Saudi messaging startup

    The fund, which has raised about $130 billion of investment money in two separate rounds of fundraising, will back a Saudi messaging company, Rajeev Misra, the CEO, told Arab News.

  • Saudi Wealth Fund, Early Alibaba Investor Back Jordanian Startup OpenSooq.com in New Financing Round

    A unit of Saudi Arabia’s $400 billion Public Investment Fund has led a new financing round for OpenSooq.com, a Jordan-based online classifieds business that’s looking to triple its headcount across the Middle East. The Saudi Jordanian Investment Fund, a $3 billion entity created by the Saudi wealth fund and a group of Jordanian banks, is backing OpenSooq along with existing investors iMENA Group and FJLabs -- founded by Fabrice Grinda, who was an early investor in Alibaba Group Holding Ltd.