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  • Saudi Arabia aims to quadruple containerized trade by 2030

    Saudi Arabia is making a sizable bet that it can transform its container shipping sector, much like it’s trying to do in other non-oil sectors from electric cars to renewable energy. By building out inland logistics hubs and enhancing rail connectivity, officials in Saudi Arabia are looking to more than quadruple the country’s annual container throughput to 40 million TEU by 2030.

  • Saudi Arabia aims to quadruple containerized trade by 2030

    Saudi Arabia is making a sizable bet that it can transform its container shipping sector, much like it’s trying to do in other non-oil sectors from electric cars to renewable energy. By building out inland logistics hubs and enhancing rail connectivity, officials in Saudi Arabia are looking to more than quadruple the country’s annual container throughput to 40 million TEU by 2030.

  • SDAIA signs agreements, launches companies’ gate to increase beneficiary satisfaction

    The SDAIA has signed four memoranda of understanding with Mobile Bay Company, the Artificial Intelligence Training Center, the stc and the Arab Open University

  • Factbox: Turkey, Syria quake: international support and offers of aid

    Governments and international organisations from around the world have responded with offers of support after an earthquake of magnitude 7.8 struck central Turkey and northwest Syria. Below is a list of some of those announcements of support:

  • Rackspace Signs Deal with Saudi Arabia’s Data, AI Government Agency

    Cloud-computing and server company Rackspace Technology Inc. said Tuesday that it signed a memorandum of understanding with Saudi Data and AI Authority to collaborate on strategic technology initiatives in support of Vision 2030, a Saudi initiative to reform energy dependence and technological infrastructure. Saudi Data and AI Authority, or SDAIA, is a government agency that was established in 2019 to set and oversee Saudi Arabia's national data and AI strategy, policymaking and innovation.

  • G42 Abu Dhabi AI Firm Plans to Hire Across Asia for $10 Billion Fund

    G42, the Abu Dhabi-based artificial intelligence company, is hiring dozens of people across Asia to scout for opportunities for its $10 billion tech fund. The AI and cloud computing company, backed by a key member of the emirate’s ruling family, plans to build up teams in Singapore, Jakarta, Shanghai, as well as in Tel Aviv to support its 42X Fund, according to people familiar with the matter.

  • Explainer: Why was the Turkey-Syria earthquake so bad?

    On average, there are fewer than 20 quakes over 7.0 magnitude in any year, making Monday's event severe. Compared with the 6.2 earthquake that hit central Italy in 2016 and killed some 300 people, the Turkey-Syria earthquake released 250 times as much energy, according to Joanna Faure Walker, head of the University College London Institute for Risk and Disaster Reduction. Only two of the deadliest earthquakes from 2013 to 2022 were of the same magnitude as Monday's quake.

  • Mountaintops, flower men and folk art: Inside Saudi’s Aseer province

    Saudi’s lesser-known Aseer region is a haven of hiking trails and hipster cafes. Book a hotel and a guide and explore Saudi’s tallest peaks - of which there are plenty. At around 3000 metres, Al Soudah is Saudi’s highest mountain, thriving with luscious greenery. The rewards for treading its winding paths are epic panoramas at every turn.

  • Saudi Arabia Seeks to Promote 4th Industrial Revolution Technologies to Raise Productivity

    For his part, Bandar Al-Khorayef, the Saudi Minister of Industry, said that the LEAP 2023 conference was a clear example of Saudi Arabia’s endeavor to attract the main players in technology and strengthen its position as a regional and international hub in various sectors. Al-Khorayef noted that the private sector had a valuable opportunity to advance better in the field of advanced technologies.

  • Saudi Arabia raises price for March Arab Light crude to Asia

    Saudi Arabia, the world's top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid an expectation of oil demand recovery, especially from China. The official selling price (OSP) for March-loading Arab Light to Asia was raised by 20 cents a barrel from February to $2.00 a barrel over Oman/Dubai quotes, Aramco (2222.SE) said late on Monday, beating a market forecast of a 30 cent cut.