Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of its goal to benefit humanity

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LONDON: The latest findings from Brand Finance’s Global Soft Power Index, one of the world’s leading brand evaluation consultancies, unveiled key shifts in the global soft power landscape, reflecting the intricate dynamics of the regional context. While Saudi Arabia, the UAE, and Qatar have solidified their positions, attention has turned to Israel’s ranking decline and … Read more

Red Sea Global launches national academy to train and upskill Saudis, CEO reveals

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JEDDAH: Multinational technology company Siemens unveiled its new electrical equipment factory in Jeddah in the presence of the Kingdom’s Minister of Industry and Mineral Resources Bandar Alkhorayef. In partnership with its Saudi partner, Arabia Electric Ltd Equipment Co, the firm inaugurated the facility on Feb. 29 at the Modon Oasis in Jeddah. The 6,000 sq. m factory produces electrical equipment such … Read more

Diriyah Co. CEO lauds Saudi efforts to empower youth

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JEDDAH: Multinational technology company Siemens unveiled its new electrical equipment factory in Jeddah in the presence of the Kingdom’s Minister of Industry and Mineral Resources Bandar Alkhorayef. In partnership with its Saudi partner, Arabia Electric Ltd Equipment Co, the firm inaugurated the facility on Feb. 29 at the Modon Oasis in Jeddah. The 6,000 sq. m factory produces electrical equipment such … Read more

Who’s Who: Wesam Al-Ghamdi, CEO at NEOM Green Hydrogen Co.

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Wesam Al-Ghamdi is CEO at NEOM Green Hydrogen Co., spearheading the growth and execution of the world’s largest green hydrogen plant, which is set to commence in 2026. Once fully operational, the plant will also be managed under his leadership. Under his direction, the company will progress from its construction phase to full functionality for … Read more

High 5G coverage shows Saudi Arabia is ‘technically advanced,’ says Nokia CEO

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RIYADH: Saudi Arabia’s 5G coverage is almost double the global average of 42 percent thanks to “really good operators that have high demands,” according to a senior industry executive. Speaking to Arab News, Pekka Lundmark, CEO of telecommunications firm Nokia, underlined how the Kingdom’s 77 percent coverage rate marks it out compared to several parts … Read more

Saudi Arabia’s homebuilding will have reduced carbon footprint: ROSHN CEO

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MIAMI: Saudi Arabia’s construction of homes between now and 2030 will have a reduced carbon footprint compared to current traditional developments. This is according to David Grover, group CEO of ROSHN, who was speaking at the FII Priority Summit on Thursday in Miami. “Google tells me that there are 211,000 homes in Miami. We’re developing … Read more

AI can bridge North-South divides, Accenture CEO tells FII summit

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AI will drive efficiency amid global economic slowdown, leading financiers tell FII Priority Summit MIAMI: The chiefs of four of the world’s leading corporations stressed on Thursday, during the first day of the Future Investment Initiative Miami Summit, that while artificial intelligence has the potential to drive higher investment and economic growth across the world … Read more

Who’s Who: Sultan Al-Hamidi, CEO of the Social Development Bank

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Sultan Al-Hamidi was recently appointed CEO of the Social Development Bank. Upon accepting his new role, Al-Hamidi thanked the chairman and board members for their confidence in him. He also paid tribute to his predecessor, Ibrahim Al-Rashed, for his significant contributions and forward-thinking initiatives that have markedly advanced the SDB’s mission. “Today, alongside my dedicated … Read more

We want to deliver world-class events to Saudi Arabia and inspire local talent: SRJ Sports Investments CEO

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DUBAI: Saudi sporting history will be made on Feb. 24 when Riyadh hosts the country’s first mixed martial arts event, the “PFL Champions v Bellator Champions” at Kingdom Arena. Having bought the rights for Bellator at the end last year, the Professional Fighters League is set for strong expansion in the region over the coming … Read more

Saudi Arabia ‘new fight capital of world’: PFL CEO Peter Murray

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Riyadh: Damac FC may be named after nearby mountain Jabal Damac, but the club is currently scaling unusual heights in the Saudi Pro League. Sitting in sixth place ahead of Friday’s return to league action against Al-Shabab, the team are now closer to the Kingdom’s football summit than most observers would have expected this season. … Read more