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  • Healthcare
    Saudi Arabia backs $550 million investment in health startup Babylon

    Saudi Arabia’s sovereign wealth fund, German reinsurer Munich Re and an undisclosed U.S. health insurer backed the round, Babylon says.

  • Art and Culture
    Saudi Arabia’s Preeminent Artists Open Their Studios In Jeddah And Riyadh

    “There’s so many talented artists in Riyadh that just need a space to practice their art. Creating art today is more than ever about fostering a dialogue and that’s what my studio is there for - to allow filmmakers, editors and artists to exchange knowledge and creativity. I have recently exhibited Smart Obedience, an installation at Art Basel’s unlimited section with Galerie Nagel Draxler and Galerie Brigitte Schenk.”

  • Arab Media
    US starts ranking Arab media outlets based on coverage

    The process, often referred to as opinion mining among data scientists, is frequently used in the private sector by companies tracking popularity and interest in their products.

  • Privatization
    Saudi Arabia-owned flour mills start bidding process to go private

    Saudi Arabia’s state grain buyer SAGO said it will start the next phase of the sale of its flour mills on Wednesday, which will see pre-qualified bidders perform due diligence and present financial offers. The sale is one of the first privatizations the kingdom is planning as part of a wide-reaching overhaul of its economy.

  • Technology
    Arabic-speaking smart TVs to debut in Saudi Arabia

    The world’s first AI-powered TVs with Arabic voice recognition will debut in Saudi Arabia, South Korea’s LG Electronics has announced. The new range of AI-focused TV models are the 2019 version of OLED AI ThinQ and NanoCell AI ThinQ.

  • Hyperloop
    Saudi Arabia Looks to Build World’s First Long-Range Hyperloop Test Track In Partnership with Virgin Hyperloop One

    Virgin Hyperloop One, the only hyperloop company in the world to successfully test its hyperloop technology at scale, today announced a development partnership with the Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build the world’s longest test and certification hyperloop track, as well as a research and development center and hyperloop manufacturing facility north of Jeddah.

  • Renewable Energy
    Oil Giant Saudi Arabia Is Set to Start First Wind-Power Plant

    The energy ministry has pre-qualified 60 companies to bid for 12 renewables projects it plans to tender this year, starting this month, with a goal of adding 3,000 megawatts of capacity.

  • Technology
    Petrol stations in Saudi Arabia soon to start accepting e-payments

    Petrol stations in the Kingdom will start accepting e-payments via the Saudi Payments Network (MADA) from July 17. Ziad Al-Yousef, managing director of MADA, said it has provided 4,000 e-payment machines to petrol stations and services stores.

  • U.S.-Saudi Relations
    Bipartisan senators again aim to hold Saudi Arabia accountable

    Senate Foreign Relations Committee Chairman Jim Risch and committee members Sens. Chris Coons, a Delaware Democrat; Marco Rubio, a Florida Republican; and Jeanne Shaheen, a New Hampshire Democrat, introduced the Saudi Arabia Diplomatic Review Act (SADRA) this week to mandate an executive review of the United States' relationship with country.

  • Banking and Finance
    Saudi Arabia Wades Into Euro Bond Market as Part of Borrowing Spree

    Saudi Arabia plans to issue a debut euro-denominated bond, part of a borrowing binge to meet the government’s ambitious spending targets. The bond is aimed at diversifying Saudi Arabia’s investor base, following predominantly dollar debt that has catapulted the kingdom up the ranks of emerging-market bond issuers. Subject to market conditions, Saudi Arabia is seeking to issue the bond in tranches of eight and 20 years, according to a marketing document provided by one of the arrangers Monday. The exact timing of the issuance isn’t clear.