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  • Saudi’s Alkhabeer eyes $266mln for new fund, subscription starts in December

    Saudi Arabia’s Alkhabeer Capital, an Islamic investment and advisory firm, has launched the subscription for its new fund, which it hopes will raise 1 billion Saudi riyals ($266.6 million). Investors can subscribe to the Alkhabeer Diversified Income Traded Fund for a 15-day period, from December 6, 2020 to December 24, 2020, the company said in a statement on Sunday.

  • Golf Saudi Strikes Partnership With CMAE

    Golf Saudi and the Club Managers Association of Europe (CMAE) have signed an ambitious new partnership which will see both organisations work together to roll out a multi-level, certified Arabic language educational programme, the first of its kind, aimed at spiking interest and encouraging Saudi nationals pursuit of a future career in golf.

  • Saudi Arabia Goes Sour on Turkish Goods Amid Spat: Chart

    Turkey’s exports to Saudi Arabia fell 15% in September versus the same period last year, the third straight month of declines, amid an unofficial boycott of Turkish goods by authorities in the kingdom. Preliminary data from the Turkey Exporters’ Assembly suggests October’s drop in shipments was even bigger. A late November phone call between President Recep Tayyip Erdogan and Saudi Arabia’s King Salman signaled a possible thaw in ties, and interviews in Riyadh suggest curbs on the sale of products made in Turkey are being eased.

  • Johnson, DeChambeau, Casey part of Saudi field in February

    The Saudi International in its third year is shaping up as one of the strongest field on the European Tour with commitments from Masters champion Dustin Johnson, U.S. Open winner Bryson DeChambeau and a curious one from Paul Casey. Tournament organizers said Thursday that seven members of Europe’s last Ryder Cup team will play the Saudi International on Feb. 4-7, the same week of the Phoenix Open on the PGA Tour.

  • Saudi Arabia thwarts 2.37m cyberattacks targeting G20 platforms

    he Saudi Data and Artificial Intelligence Authority (SDAIA) has announced that it foiled as many as 2,372,028 cyberattacks that targeted online portals of the G20 summit, which concluded on Sunday, local media reported.

  • “Artificial intelligence” achieves effectiveness in eye examinations of diabetic patients

    Dr. Salwa, a lecturer at Alfaisal University, praised that due to the scarcity of specialists in retinal care, artificial intelligence has contributed to making a radical change through its applications in ophthalmology fields, in supporting decision-making for patients with diabetes in the eye by analyzing diagnostic images of the retina of the eye, and sorting out patients in need of immediate treatment. High technology and high accuracy.

  • Saudi Arabia says it should be a ‘partner’ on any future Iran deal

    Saudi Arabia says it should be a part of any potential negotiations between the incoming U.S. administration and Iran on a new nuclear deal, Foreign Minister Faisal bin Farhan Al-Saud told CNBC. Saudi Arabia seeks to partner with the U.S. administration on a potential new agreement, which would not only limit Iran’s nuclear activities but also seek to address its “regional malign activity,” Al-Saud told CNBC’s Hadley Gamble on Saturday.

  • Saudi Arabia to invest more than $5 billion in artificial intelligence by 2030 – state TV

    Saudi Arabia plans to invest more than 20 billion riyals ($5.3 billion) in artificial intelligence projects by 2030, Saudi state TV said on Thursday, citing the chairman of the Saudi Data and Artificial Intelligence Authority Abdullah al-Ghamdi.

  • Adidas signs partnership with Saudi gaming body

    The global gaming market grew by 9.6 percent last year and is estimated to be worth around $152.1 billion. Saudi Arabia’s gaming market was valued at around $837 million in 2019 and is one of the fastest growing in the world, expanding by about 22.5 percent a year.

  • Saudi Arabia to invest more than $5 bln in artificial intelligence by 2030 – state TV

    Saudi Arabia plans to invest more than 20 billion riyals ($5.3 billion) in artificial intelligence projects by 2030, Saudi state TV said on Thursday, citing the chairman of the Saudi Data and Artificial Intelligence Authority Abdullah al-Ghamdi.