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  • Saudi Arabia and Philips Sign MoU To Utilize Artificial Intelligence In Kingdom’s Health Care System

    The Saudi Data and Artificial Intelligence Authority (SDAIA) and the Netherlands-headquartered company have entered a public-private partnership to incorporate Artificial Intelligence (AI) into the Kingdom’s healthcare system. This partnership aims to expand the provision of AI services in Saudi Arabia’s health sector to improve services and health education, as well as treatment in hospitals and in patients’ homes.

  • Saudi Arabia: Barley Trade Quarterly

    In November 2020, the Saudi government decreed to hand back the barley imports and distribution business to the private sector to purchase and sell barley at competitive prices. This trade liberalization is expected to take place at the end of March 2021. As a result, Post anticipates Saudi Arabia will significantly reduce the quantity of imported barley. Meanwhile, Saudi’s revisions to its animal feed subsidy program in January 2020 policy is expected to also have a major impact on U.S. barley exports.

  • Plant-based snack food startup expands in Saudi Arabia

    Plant-based snack food startup Freakin’ Healthy, which was established in 2018 by Saudi-born Lebanese-Canadian entrepreneur Roy Koyess, plans to quadruple the number of stores it serves in the Kingdom by the end of this year. Koyess came up with the Freakin’ Healthy concept in 2017, and it was launched in Dubai the following year.

  • Saudi Arabia Launches Artificial Intelligence Center for Energy

    “The energy system believes in the importance of integration and working as a joint government team with the various relevant bodies, taking into consideration each body’s responsibility and nature of work,” Prince Abdulaziz said. He stressed the significance of the relationship between the energy and data and AI sectors in the Kingdom, “as the energy sector constitutes 40 percent of the Kingdom’s GDP with more than 270,000 employees.”

  • What Happened to Oil Product Demand in Saudi Arabia During the First Two Quarters of 2020?

    Anwar Gasim

  • Smartphone giant Huawei to open largest store outside China in Saudi Arabia

    Abdullah Bin Amer Al-Sawaha, Minister of Communications and Information Technology, said: “This strategic partnership with Huawei is part of the Saudi Arabia’s efforts to attract international partnerships which strengthen our position as a leading investment force in the Middle East and North Africa, a hub for innovation and entrepreneurship and a ‘digital link’ that connects three continents.”

  • Sahara desert hit by icy blast as snow blankets parts of Saudi Arabia

    The Sahara desert has been hit by an icy blast with temperatures dipping below freezing. Snow also blanketed parts of Saudi Arabia which saw the mercury hit 28 degrees Fahrenheit.

  • Saudi Arabia Starts New Bull Run In Middle East Oil

    Saudi Aramco has sent a strong signal to the market with its February 2021 official selling prices, surpassing market expectations. All Asia-bound grades were hiked by 20-70 cents per barrel, with steeper increases in the light range (Arab Light saw the biggest month-on-month move). Combined with turnaround in Japan and China assumed to take place in February and Saudi Arabia’s unilateral commitment of cutting production by 1mbpd in February-March 2021, the assertiveness of Saudi Aramco might lead some refiners to rethink their regional purchases.

  • US clears sale of AH-64Es to Kuwait, smart bombs to Saudi Arabia

    The US government has cleared four potential Foreign Military Sales (FMS) to Egypt, Kuwait, and Saudi Arabia. The four FMS cases were posted by the Defense Security Cooperation Agency (DSCA) on 29 February.

  • Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Saudi Arabia’s National Commercial Bank

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with the National Commercial Bank (NCB), a bank headquartered in Jeddah, Saudi Arabia. NCB agreed to remit $653,347 to settle its potential civil liability for 13 apparent violations of the Sudanese Sanctions Regulations, or section 2(b) of Executive Order (E.O.) 13582 of August 17, 2011, “Blocking Property of the Government of Syria and Prohibiting Certain Transactions With Respect to Syria."