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  • Inside Saudi Arabia’s $20 Billion Bet On Longevity Biotechnology

    I visited Saudi Arabia (KSA) for the first time in my life in July, 2022. It broke all stereotypes and reminded me of visiting Shenzhen in 2002. There is no religious police on the streets, high-tech construction all around, women with PhDs in top leadership roles, and Uber drivers listening to HRH MBS speeches promoting tolerance, innovation, and vision of technology-augmented clean energy future. Recently, CNN did a great job describing the transformation of Saudi Arabia. Of course, this rapid transformation from 0 to 1 was not easy for MBS and was met with substantial resistance from inside and outside the country and required gargantuan efforts.

  • Saudi Central Bank Licensing Two Payment Financial Technology Companies

    The Saudi Central Bank (SAMA) announces the licensing of two payment financial technology companies, namely: Enjaz Payments Services Company to provide electronic wallet service (electronic transfer and payment service), and Marta Financial Company to provide payment services through points of sales (POS). This brings the total number of payment companies licensed by SAMA to 19 companies, in addition to 7 companies were granted an "In-principle Approval".

  • Saudi-Greek Investment Forum Sees $3.7bn Deals On Energy, Economy And Technology

    Along with 21 investment agreements, Saudi Arabia and Greece also signed a deal to promote digital transformation and innovation in the fields of energy, including cybersecurity, while working to develop qualitative partnerships to localize materials, products and services related to all energy sectors and their associated supply chains and technologies.

  • Saudi-Greek Investment Forum Sees $3.7bn Deals On Energy, Economy And Technology

    During the investment forum, Saudi Arabia signed an agreement with Greece to extend a submarine cable to help the Kingdom become a “major player” in the digital economy, Saudi Minister of Communications Abdullah Al-Sawaha told Al-Sharq. “We seek for Saudi Arabia to be a magnet for cloud computing and building a new economy based on artificial intelligence,” Al-Sawaha said.

  • Looking to the skies: The growing interest in cloud seeding technology in the Gulf

    Cloud seeding aims to increase the amount of natural rainfall through airborne or ground-based interventions in the microphysical processes of specific cloud types. Targeting warm cloud types, hygroscopic cloud seeding entails introducing large hygroscopic (water-attracting) aerosol particles into growing clouds. These hygroscopic particles compete with the smaller-sized natural aerosol particles, thus increasing the cloud’s uptake of available liquid water so that it produces larger drops. These larger drops then trigger a droplet multiplication effect, termed the collision-coalescence process, which enhances rainfall generation.

  • How Blockchain Technology Is Changing the World From the Metaverse to NFTs

    New forms of records, electronic signatures and digital identity are required to operate in the digital age. These are just a few examples of how the digital world changes our everyday lives.

  • 18 (very) fast-growing technology start-ups in the Middle East

    Similar to the global program, the regional edition of the Technology Fast 50 recognizes fastest-growing technology companies based on revenue growth over the last four years. The competition also places the spotlights on ‘companies to watch’ – young start-ups (<4 years in operation) that don’t qualify for the Technology Fast 50 list but have enjoyed an exceptional growth trajectory.

  • Fish Farm Startup Hopes Deep-Ocean Technology Can Fuel Growth – Bloomberg

    Fish farming, which grew 527% from 1990 to 2018, according to the United Nations, is poised to become an even larger part of the supply chain. The UN said in a 2020 report that about 34% of fish stocks were overfished. According to the World Bank, the figure is much higher, at 90%.

  • KSA, USA Strengthen Trade Cooperation in the Fields of Technology and Innovation

    Minister of Communications and Information Technology of the Kingdom of Saudi Arabia Eng. Abdullah Al-Swaha, met here today with US Deputy Secretary of Commerce Don Graves as part of Al-Swaha's official visit to the United States of America. During the meeting, they discussed ways to enhance and establish strong alliances to promote the growth of the digital economy and innovation.

  • Saudi Arabian start-up Lawazem raises $1.3m to boost technology

    Saudi Arabia's operational procurement start-up Lawazem raised $1.3 million in its seed-funding round, which will be used by the company to boost its technology and add more products to its portfolio. Operational procurement refers to the collection of products and services needed to sustain a company’s day-to-day business operations.