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Brazilian Miner Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia’s PIF, Ma’aden – Report
Brazilian miner Vale is reportedly close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund, the PIF, and the Saudi mining company Ma’aden, people familiar with the matter told the Wall Street Journal.
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Aston Martin Ties with Lucid for EV Partnership
Aston Martin Lagonda Global Holdings Plc., maker of the Aston Martin brand of cars, is tying up with Lucid Group Inc. on electric vehicle technology, uniting the British carmaker and relative automotive newcomer both backed by Saudi Arabia’s sovereign wealth fund, according to Bloomberg.
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Kingdom at the Forefront of Air Taxi Tech with Test of Volocopter in Collaboration with Neom
Saudi Arabia’s NEOM hosted the first test campaign of air taxi flights in the northwest of Saudi Arabia, building on a reputation of a leader in technologies in the under-development futuristic zone.
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Road Crash Deaths in Saudi Arabia Reduced by nearly 35% in Five Years – WHO
The Kingdom of Saudi Arabia reduced road crash deaths by nearly 35% in five years, the WHO says, noting that the fatality rate stood at 9311 [28.8 per 100,000 people] in 2016 and by 2021 the rate had dropped to 6651 [18.5 per 100,000 people].
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Global HVAC and smart home leader Johnson Controls Arabia CEO Dr. Mohanad Alshaikh joins The 966
The 966 speaks with Dr. Mohanad AlSheikh, CEO of Johnson Controls Arabia, a leading player in Saudi Arabia and the MENA region’s growing HVAC and smart building market. The 966 hosts ask Dr. Mohanad about the growing business opportunities in the HVAC and smart buildings space in the Kingdom and the wider region, the company’s […]
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Startup Airline Riyadh Air Reveals New Livery Design
Riyadh Air unveiled what’s being called the first of two livery designs, described as “a perfect blend of cutting-edge technology and timeless elegance.”
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Saudi Center for Commercial Arbitration CEO Dr. Hamed Merah joins The 966, LIV Golf in DC and much more…
The 966 talks about the state of business dispute resolution in Saudi Arabia with the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Merah, who joins from Riyadh. The 966 talks with Dr. Merah about the SCCA’s rise as a leading dispute resolution body in the region and increasingly, globally. As Saudi Arabia […]
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Bechtel Saudi Arabia Names Abdulrahman Al-Ghabban New VP of Infrastructure in Kingdom
Bechtel Saudi Arabia has named company veteran Abdul-Rahman Al-Ghabban as new Infrastructure Vice President in the Kingdom of Saudi Arabia, the company confirmed to SUSTG in a press release.
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‘Salmani’ Architecture, VIA Riyadh opens, rainfall record shattered in Saudi Arabia and much more…
Episode 87! The hosts explore overlapping topics in Salmani architecture and an evolving Riyadh city under King Salman for decades. Kicking things off, Richard’s One Big Thing is the rise of Salmani Architecture – a term the hosts have come across in recent months that is important in understanding the current and new face of […]
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Captagon in the Middle East, Messi’s history with Saudi Arabia, and a conversation with Norah Ortiz, owner of Riyadh’s first authentic Mexican restaurant
The 966 Episode 85! The 966 hosts speak with Norah Ortiz, founder of the first authentic Mexican restaurant in Riyadh, Don Reuben’s, which is located in the Diplomatic Quarter. Ortiz tells us her story as an American born in San Diego to Mexican parents and her journey to owning and operating the first authentic Mexican […]
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MUST-READS
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Infosys Signs Deal To Revamp Saudi Aramco’s HR Technology
Infosys' HR platform for Aramco will aim to optimise repetitive tasks related to HR management, reducing time and effort spent training employees. An AI-powered analysis will support Aramco with algorithmic decision-making to spot trends and identify relevant recruitment channels.
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Saudi Wealth Fund Unit Backs Emkan Capital’s Technology Fund
The fund will invest in pre-seed and seed-stage companies with high-growth potential in sectors such as fintech, e-commerce, and logistics, Aloshban said. It will also cover frontier sectors like artificial intelligence, cyber, cloud and health tech across the Middle East, North Africa and Pakistan region. Saudi Arabia’s PIF has been plowing money into tech firms and startups as it seeks to build a venture capital industry and encourage young entrepreneurs to set up their own businesses to diversify the economy and create jobs. It created a $1 billion fund of funds for venture capital firms, and also invests directly through its subsidiary, Sanabil.
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Threats from all sides: Middle East nations counter with advanced technology
What we are seeing for the first time on news channels is what our partners in the UAE have been telling us about for 5 or 10 years. I highlight the plethora of unmanned aerial systems out there, which has driven an urgent need for air defense capabilities and protecting soldiers from drones and larger air threats. A dynamic battlefield includes the electromagnetic spectrum in cyberspace, which is driving the need for capabilities like signal recognition, detection, and identification in order to detect, exploit, and attack.
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Saudi Data and AI Authority (SDAIA) and Rackspace Technology Sign Memorandum of Understanding
“SDAIA’s aim is to establish the Kingdom as a global center that turns the best of data and artificial intelligence into reality,” said Waleed Alghamdi, Assistant Director General for Digital Technologies at National Information Center – SDAIA. “It is therefore imperative to have a world-class technology partner who can not only serve as a trusted advisor but also provide practical support at all stages of digital transformation. We believe that Rackspace Technology, with its strong cloud heritage, deep expertise and extensive partner relationships is the right partner to support us in making Vision 2030 a reality.”
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Saudi Authority for Industrial Cities and Technology Zones (Modon) signs Deals for 14 High-Tech Warehouses
In the city of Jeddah, the Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed a deal to build 14 new high-tech warehouses that will be operated based on a public-private sector partnership model. As TradeArabia reported earlier this month, the new warehouses will be “fully digital and automated,” allowing businesses to access their storage units via a smartphone app. Pioneered by global eCommerce giants like Amazon, modern smart warehouses are increasingly automated, and with advances in warehouse robotics, it is common for entire areas of these warehouses to be devoid of humans as warehouse operators pursue greater efficiency with increased automation.
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Perspective: In Israel the big debate is now spy technology vs. human assets
The occupation state is relying more and more on technology for security and intelligence gathering, and neglecting the human element of spies, collaborators and sources. Criticism of this dependence on technology is increasing, as are calls for the use of a combination of technology and people.
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Saudi Arabia’s Communications, Space and Technology Commission Welcomes E-Space to Enter the Saudi Market
E-Space, a global space company focused on bridging Earth and space with the world's most sustainable low Earth orbit (LEO) network, today announced that the Kingdom of Saudi Arabia's Communications, Space and Technology Commission (CST) has now listed E-Space in their new Satellite Registry to land communications traffic in the Kingdom. This is a critical step that will allow E-Space to deliver its innovative, space-based, smart internet of things (Smart-IoT) solutions in a key economy in the Middle East
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Digital Technology Forum Discusses Role of Local Content in Saudi Tech Sector
The Saudi Communications and Information Technology Commission (CITC) is holding this Sunday the Digital Technology Forum 2022, under the title, “Enabling Local Technology Products”, with a focus on Blockchain technology. Held under the patronage of Eng. Abdullah Al-Sawaha, Minister of Communications and Information Technology, Chairman of the Board of Directors of the CITC, the forum extends over two days and is being held in partnership with the Ministry of Communications and Information Technology, the Saudi Exports Development Authority, the Content and Government Procurement Authority, and with the participation of a number of officials and local and international experts.
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Dubai Ruler announces new historic era driven by technology
Sheikh Mohammed added that GITEX 2022, which ends on Friday, is the “largest technology exhibition in the world”. The event is taking place at the Dubai World Trade Centre (DWTC), and has seen participation from over 5,000 companies across 90 countries. “A quick tour of the existing global technology companies confirms that humanity is in a historical transit stage towards a future governed by technology,” Sheikh Mohammed wrote in a Twitter post.
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The Middle East Is At The Forefront Of Low-Carbon Desalination Technology
Long seen as a high-cost, energy-intensive process, desalination mega-projects are seeking to tap renewable resources to limit the cost and environmental concerns of this crucial technology. In June 2022 ENOWA, the energy, water and hydrogen subsidiary of Saudi Arabia’s NEOM mega-project, signed a memorandum of understanding with French energy company Veolia and Japanese trading company Itochu to develop a reverse osmosis (RO) water desalination facility powered by 100% renewable energy. Slated for completion in 2025, the facility is expected to produce 500,000 cu metres of potable water per day, meeting 30% of NEOM’s anticipated water demand.
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