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  • Saudi Arabia’s trillion-dollar economy gains momentum, fueled by Vision 2030

    Newly-released figures from the General Authority for Statistics (GASTAT) show Saudi Arabia’s non-oil activities grew 4.9 percent year-on-year in the second quarter of 2024, fueled by strong performance in the financial and insurance sectors, while wholesale and retail trade, alongside restaurants and hotels, grew by 6.8 percent. Government consumption expenditure rose by 10.9 percent year-on-year, with a 4.3 percent increase quarter-on-quarter.

  • US closer to greenlighting Nvidia chips for Saudi Arabia, Semafor reports

    The U.S. government is considering allowing Nvidia (NVDA.O), opens new tab to export advanced chips to Saudi Arabia, which would help the country train and run the most powerful AI models, Semafor reported on Wednesday, citing people familiar with the matter. The sales of the chips were a main but unofficial topic at GAIN, Saudi Arabia's global AI summit, the report said. Attendees of the summit, including some who work for the Saudi Data and AI Authority, told Semafor that the country is making efforts to comply with U.S. security requirements to expedite the acquisition of the chips.

  • US closer to green lighting Nvidia chips for Saudi Arabia

    The US government is considering allowing Nvidia to export advanced chips to Saudi Arabia, people familiar with the matter said, which would help the country train and run the most powerful AI models. The fate of those sales was a major, unofficial topic at Saudi Arabia’s global AI summit, known as GAIN, on Thursday. Representatives from AI hardware firm Groq, Google, and Qualcomm, along with Saudi government officials, mingled and spoke at the event.

  • Riyadh Season goes on tour as Saudi Arabia shapes future of boxing

    But on August 3, at the BMO Stadium in Los Angeles, the Riyadh Season brand went on tour for the first time as pound-for-pound great Terence Crawford headlined a stacked card described stateside as the best in a generation. The next stop is London for another Saudi roadshow on September 21, when Anthony Joshua takes on Daniel Dubois at the top of another card so deep that Wembley may appear unusually full long before the sun recedes behind those vast red stands.

  • Saudi Arabia to stage first-ever Billboard Arabia Music Awards

    Saudi Arabia’s Billboard Arabia is set to stage the first-ever Billboard Arabia Music Awards (BBAMAs) in Riyadh to celebrate the Arab musical talent from across the region. The awards is set to take place on December 11, 2024, at King Fahad Cultural Center in Riyadh, and will form part of the first-ever Riyadh Music Week, an initiative bringing together the global music community for a series of music festivals and events.

  • Qualcomm, Aramco and RDIA Plan Design in Saudi Arabia Startup Program

    Qualcomm, through its subsidiary Qualcomm Technologies, Inc., Aramco, and Saudi Arabia’s Research, Development and Innovation Authority (RDIA) are planning to launch Design in Saudi Arabia (DISA). DISA is envisaged to be an incubator program for Saudi Arabia that aims to support startups that are adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.

  • KAPSARC Leverages GIS for Off-Grid EV Charging in Saudi Arabia

    So, while EVs certainly lower greenhouse gas emissions, EVs will continue to emit CO2 until the grid is completely green. Thus, charging EVs off-grid with a charging mechanism based on 100% renewable energy creates EVs that produce no tailpipe emissions and none from the charging power.

  • Saudi Arabia: Women’s fashion projected to become $53bn market by 2030

    Rising female workforce participation, coupled with increasing westernisation of clothing, besides rising social media influence and mushrooming of online shopping platforms are the driving forces for the unprecedented growth in the fashion wear segment in Saudi Arabia, the research by global advisory firm RedSeer said.

  • 23 years later, September 11 families continue quest for accountability from Saudi Arabia through civil lawsuit

    Now, as survivors and the victims’ families commemorate another anniversary, they await a federal judge’s pivotal decision in their yearslong legal battle with the Kingdom of Saudi Arabia over their claim of KSA’s role in backing an extremist support network that assisted the hijackers in the US leading up to the attack on the World Trade Center and the Pentagon on September 11, 2001. The Kingdom denies the allegations.

  • Saudi Arabia says Israel humanitarian aid blockade in Gaza amounts to ‘war crime’

    Saudi Arabia said, Tuesday, that Israel’s obstruction of humanitarian aid to the Gaza Strip is a “war crime” and a “humanitarian catastrophe”, according to Saudi state channel, Al-Ikhbariya. The failure to reach a ceasefire in Gaza for nearly a year is evidence of the “repeated failure of the international security system,” Foreign Minister, Prince Faisal Bin Farhan, said at a news conference in Cairo with his Egyptian counterpart, Badr Abdelatty, Anadolu Agency reports. Bin Farhan criticised Israel’s intransigence and refusal to agree to a ceasefire.