RIYADH: Around the world, electric vehicles are already revolutionizing leisure, public transportation and logistics, shrinking the carbon footprint of travel, improving air quality and reducing pollution in the air, on land and in the sea. As Saudi Arabia embarks on a range of environmental initiatives designed to address the challenges posed by climate change and … Read more
RIYADH: As artificial intelligence gains global attention and becomes a buzzword, Saudi Arabia is positioned for accelerated adoption to enhance efficiency across its industries. Over the years, AI has evolved into a transformative technology revolutionizing numerous industries and domains. Its development and adoption across sectors have spurred significant advancements, already reshaping how people live and … Read more
RIYADH: Saudi Arabia’s strategic location, thriving economy, and strong government support have attracted a diverse range of funding partners keen on assisting startups and entrepreneurs. The Kingdom, according to Houssem Jemili, partner at management consulting firm Bain and Co., has one of the highest technology spends in the Middle East and North Africa, approximately 2.5 … Read more
CAIRO: Venture capitals focused on the Middle East and North Africa region have successfully refueled their tanks with multiple firms attracting new investments. Female-led Lebanon-based Globivest announced its first closing for an undisclosed sum in its venture capital firm. Reaching two-thirds of its target of $25 million to $30 million, the investment marks a significant milestone … Read more
Nesma & Partners eyes new opportunities in mining, renewables sectors for future growth: CEO RIYADH: Saudi contracting firm Nesma & Partners is keen to explore new opportunities to expand and diversify its income streams, particularly in the mining business, a top executive has revealed. Attending the Future Minerals Forum in Riyadh, the firm’s President and CEO … Read more