ICAO summit in Riyadh shows recognition of Saudi Arabia’s role in aviation sector: GACA president

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RIYADH: Saudi Arabia’s point-of-sales spending registered a 6.9 percent decline in the third week of May, compared to the previous seven days, reaching SR11.65 billion ($3.11 billion), official figures showed.  The latest data from the Saudi Central Bank, also known as SAMA, revealed that spending on beverages and food, which accounts for the largest share … Read more

Whittaker and Chimaev to clash at Saudi Arabia’s inaugural UFC event

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RIYADH: The UFC will mark its inaugural event in Saudi Arabia with a main event between No. 3-ranked Robert Whittaker and undefeated No. 10 Khamzat Chimaev on June 22. Tickets for the event, organized in collaboration with the Kingdom’s General Entertainment Authority, are now on sale. Former middleweight champion Whittaker (26-7-0), fighting out of Australia, … Read more

Saudi Arabia’s first quantum computer on its way after Aramco, Pascal deal

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RIYADH: Saudi banks’ money supply rose 8 percent in March, as compared to the same month last year, to reach SR2.82 trillion ($753 billion), official data showed. According to the data released by the Saudi Central Bank, also known as SAMA, the increase was mainly fueled by a roughly 21 percent surge in banks’ term and … Read more

Sky’s the limit: Saudi Arabia’s Future Aviation Forum 2024 will help fuel Kingdom’s Vision 2030 

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RIYADH: Aviation leaders and key figures from across the globe will convene in Riyadh for the Future Aviation Forum 2024, a three-day event highlighting the strides in global air travel innovation, coinciding with Saudi Arabia’s ambition to generate $100 billion from the sector by 2030.  The event, centered on the theme “Elevating Global Connectivity,” will … Read more

Saudi Arabia’s Asir magpie faces conservation challenges

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RIYADH: Riyadh’s Merwas, considered the biggest art and entertainment factory globally, is proving to be one of Saudi Arabia’s greatest music industry assets. Nada Al-Tuwaijri, co-founder and CEO of Merwas, told Arab News that the facility, which holds the Guinness World Record for the largest music production studio, “is home to all artists.” She added: … Read more

How the adoption of electric vehicles is driving Saudi Arabia’s green agenda

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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

Saudi Arabia’s PIF signs sponsorship deal with Mutua Madrid Open tennis tournament

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COLORADO SPRINGS: The 2024 USA basketball men’s national team has been announced for this summer’s Olympic Games in Paris, taking place July 26-Aug. 11 The team, selected by national men’s team managing director Grant Hill and approved by the USA Basketball Board of Directors, will also play two preparation matches in Abu Dhabi against Australia … Read more

Future Hospitality Summit to shine spotlight on Saudi Arabia’s growing tourism industry

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Saudi Arabia’s AI adoption ignites technological advancement and economic growth 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 … Read more

Saudi Arabia’s AI adoption ignites technological advancement and economic growth

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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

Saudi Arabia’s King Abdulaziz Royal Reserve Development Authority begins archaeological survey

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Saudi Arabia and Armenia to forge ‘road map’ for diplomatic ties, FM Ararat Mirzoyan tells Arab News RIYADH: Armenia is committed to drafting a “road map” for the development of diplomatic relations with Saudi Arabia, Ararat Mirzoyan, Armenia’s minister for foreign affairs, told Arab News on Thursday in an exclusive interview during a visit to … Read more