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  • DeepFest 2024: Bilingual Saudi-made humanoid robot, NASA’s innovations and more

    Co-located with LEAP, the world’s most-attended tech event, and powered by the Saudi Data and Artificial Intelligence Authority (SDAIA), the second edition of DeepFest is set to feature 150-plus leading AI experts and 120 global AI companies between now and March 7. On an opening day that saw presentations from the likes of HTC, Accenture, and Microsoft, Dr Yaser Al-Onaizan, CEO of SDAIA, opened the event by introducing the day’s theme as “The Dawn of AI” in front of a line-up of international thought-leaders, practitioners, policymakers, and academics from different fields to provide a 360 view of AI and its future.

  • EV group Lucid admits it cannot rely on ‘bottomless wealth’ of Saudi owner

    The boss of Lucid Motors said the US electric car start-up must not rely on the “bottomless wealth” of its Saudi Arabian backer as it looks to raise funds over the coming year. Peter Rawlinson said the company, which is 60 per cent owned by Saudi Arabia’s Public Investment Fund, was “looking at every aspect of cost” as it battles to reduce spending and raise output of its luxury electric cars at its factory in Arizona. 

  • Gaza ceasefire talks extended in Cairo for another day, Hamas says

    Hamas negotiators will remain in Cairo for another day at the request of mediators, keeping ceasefire talks going after two days with no breakthrough, an official from the militant group said on Tuesday. The Cairo talks have been billed as a final hurdle to reach the first extended ceasefire in the war between Hamas and Israel- a 40-day truce during which Israeli hostages would be freed and aid pumped into Gaza - ahead of Ramadan, which is due to begin at the start of next week.

  • Saudi Arabia unlocks multi-billion dollar investments as part of its wider drive to become a global tourism powerhouse

    A notable aspect of the initiative is its focus on benefiting local communities across tourism destinations. By localizing services such as contracting, design, and consulting, the program aims to create a direct positive impact on various sectors. This approach, coupled with over $800 billion invested to transform the tourism landscape, underscores Saudi Arabia's commitment to enhancing industry standards and providing lucrative opportunities for investors.

  • Saudi Arabia’s Salla raises $130 million pre-IPO investment

    Investcorp, a leading global alternative investment firm, today announced it has led a $130 million pre-IPO investment round in Salla, a leading SaaS e-commerce enablement platform in Saudi Arabia. The investment was made alongside Sanabil Investment, a wholly owned company by Saudi Arabia’s Public Investment Fund. STV, a regional venture capital investor and an existing shareholder of Salla, also participated in the transaction.

  • Saudi Arabia launches new portal to enhance international representation

    He said that the platform will form a database to follow up on candidates’ applications from the beginning of their application for work until their employment and training in those institutions. “The ministry will work through Dawli platform on strategic partnerships and agreements with other government agencies that wish to employ competencies in relevant organizations, which will pave the way for it to become a unified Saudi platform,” he said.

  • FIA chief faces allegation of interference at 2023 Saudi Grand Prix

    The BBC said it had seen a report by FIA compliance officer Paolo Basarri to its ethics committee in which a whistleblower claimed the president had intervened to overturn a penalty given to Aston Martin's Fernando Alonso. It alleged that Ben Sulayem called Sheikh Abdullah bin Hamad bin Isa Al Khalifa, the FIA's vice-president for sport for the Middle East and North Africa who was in an official capacity at the race.

  • Saudi authority launches portal for Muslims wanting to organize iftars in Grand Mosque

    Muslims wanting to organize iftars to be held in the Grand Holy Mosque during Ramadan can apply for a permit through an online government portal, state news agency SPA reported on Sunday. The General Authority for the Affairs of the Two Holy Mosques has launched an e-portal through which people can request permits to provide iftar spreads at the mosque in Makkah during the holy month.

  • John Higgins misses out on ‘golden ball’ 167 break in Saudi Arabia as World Masters of Snooker begins

    John Higgins misses out on becoming first player to make 'golden ball' 167 break; players at World Masters of Snooker in Saudi Arabia can add 20 points to their score after 147 by potting extra ball; Higgins sunk 15 reds and 15 blacks before running out of position on the yellow

  • Digital oasis: Luxury and tech converge in Saudi Arabia

    With a young population keen on NFTs and new tech, Saudi Arabia is becoming a hub for digital innovation. Digital stores and Web3 are the way to local consumers’ hearts and wallets.