AMMAN: The Jordanian Civil Aviation Regulatory Commission on Saturday announced that Jordanian airspace will be closed “temporarily” for inbound and outbound flights in light of rising regional risks. The commission said in a statement that the decision has been taken to ensure the safety and security of Jordanian aerospace in light of the rising escalation and after … Read more
Startup Wrap – OSN+, AhnLab, and Mubashir among firms to see funding success during Ramadan CAIRO: Startups in the Middle East and North Africa region have closed Ramadan and started Eid Al-Fitr on a positive note as venture activity continued. Among the most significant announcements during the holy month was UAE-based online streaming platform OSN+ and … Read more
Riyadh Air, Saudi Arabia’s digitally native, world-class airline, and Artefact, a global data and AI transformation services consultancy, have signed a strategic partnership to revolutionize the aviation industry through AI applications. Utilizing cutting-edge cloud and AI technologies, the partnership will focus on building Riyadh Air’s data analytics platform and developing AI solutions across its main … Read more
RIYADH: A flying car network between Dubai and Abu Dhabi is set to begin in 2025 after Falcon Aviation and Archer announced a collaboration on developing the required infrastructure. Under this partnership, vertiports will be built at Falcon Heliport at Atlantis, the Palm in Dubai, and the Marina Mall heliport in Abu Dhabi’s Corniche. The … Read more
RIYADH: Saudi Arabia emerged as a significant player in the startup ecosystem this February, raising $16.3 million, making it the second-highest amount secured by any country across the Middle East and North Africa. According to Wamda’s monthly investments report for the region, the Kingdom secured the funding across seven transactions, marking a 48.18 percent increase from … Read more
MAKKAH: Saudi Arabia is home to a rich tapestry of folkloric arts, each with its own distinct features, but all with the same purpose: to express the Kingdom’s history, culture, and heroism. Over time, these artistic traditions have become essential components of a variety of events and holidays. They predominantly take the form of ardah … Read more
RIYADH: Foreign investment in Saudi Arabia’s financial market has reached SR400 billion ($106.6 billion), comprising 12 percent of tradable shares, revealed a top official. The Kingdom, relatively late to open its stock market, the Saudi Stock Exchange, also known as Tadawul, to foreign investors, made this significant move in 2015, setting itself apart in the … Read more
RIYADH: Saudi Arabia’s insurance industry is projected to experience a compound annual growth rate of 5.2 percent until 2028, reaching SR83.7 billion ($22 billion), a study showed. This growth, up from the current SR68.3 billion in 2024, is primarily driven by the health and motor segments, which together will account for 86 percent of the … Read more
Sah bonds: All you need to know about Saudi Arabia’s first dedicated savings product for individuals RIYADH: Saudi Arabia has launched the subscription to its first savings product dedicated to individuals – Sah – with a yield reaching 5.64 percent on the first issuance. Registration for the Islamic-compliant bond, issued by the Ministry of Finance, … Read more
RIYADH: Aviation training in Saudi Arabia is poised for enhancement with the introduction of two new A320neo simulators by Saudia Academy. These simulators, acquired from US-based L3Harris Technologies, are highly regarded for aviation training, being precise replicas of a real Airbus A320 cockpit. As per a press statement, the academy’s A320neo simulator count has now reached … Read more