Saudi Arabia named ‘most improved country overall’ in US Chamber of Commerce IP Index RIYADH: Saudi Arabia has received recognition as “the most improved country overall” in the 12th edition of the US Chamber of Commerce International Intellectual Property Index. Released on March 2, the report emphasizes the several achievements of the Kingdom, with Vice … Read more
RIYADH: Saudi Arabia’s money supply surged 10 percent in January to reach SR2.72 trillion ($726 billion), the central bank data showed. The growth was primarily driven by a substantial rise in banks’ term and savings accounts, which recorded a rise of 31 percent to reach SR864.32 billion. The overall figure, however, also includes currency outside … Read more
RIYADH: Saudi Arabia is gearing up for LEAP 2024, the world’s most-attended tech event, from March 4 to 7 at the Riyadh Exhibition and Convention Center in Malham. The pre-event gathering on Feb 28 announced this year’s theme as “Into New Worlds,” which encompasses new opportunities, technologies, and capabilities in the tech sector. The event … Read more
WASHINGTON: US President Joe Biden announced an investigation Thursday into the national security risks posed by Chinese tech in cars, warning they could be used to collect sensitive data. He has ordered the Commerce Department to conduct the probe, focusing on connected vehicles containing technology from “countries of concern” such as China, and to respond … Read more
MIAMI: “Technology doesn’t wake up in the morning and say, ‘I’m going to be good or bad today’… it does what we tell it to do,” Michael Dell, the founder and CEO of tech company Dell told the Future Investment Initiative Priority summit in Miami on Thursday. “And so we have to have it reflect … Read more
MIAMI: From conflict and climate change to the rise of disruptive new technologies like artificial intelligence, humanity faces an array of challenges. That is why world leaders in business and finance are meeting in Miami this week to discuss potential solutions. The second edition of the Future Investment Initiative Priority Summit kicks off in the … Read more
RIYADH: Saudi Arabia’s capital market sector is progressing in the right direction, enabling the Kingdom to achieve its goals outlined in Vision 2030, said an expert. In an interview with Arab News on the sidelines of the Capital Market Forum in Riyadh, the European Director of Bloomberg, Constantin Cotzias, said that the Kingdom’s plans to … Read more
SAO PAULO: During his official visit to Cairo on Thursday, Brazilian President Lula da Silva witnessed the signing of two key agreements with the Egyptian government. President Abdel Fattah El-Sisi also attended the signing ceremony. The first agreement is a protocol that simplifies the export process for Brazilian beef, poultry and pork to Egypt. It … Read more
WASHINGTON: The US on Wednesday imposed sanctions on three people and four firms — across Iran, the United Arab Emirates and Turkiye — for allegedly helping to export goods and technology purchased from US companies to Iran and the nation’s central bank. Treasury’s Office of Foreign Assets Control said the procurement network transferred US technology … Read more
DUBAI: Artificial intelligence technology is currently in television’s equivalent of “black and white” but the coming decade “will be remarkable,” said Sam Altman, CEO of OpenAI, on Tuesday. Speaking via video on the second day of the World Governments Summit underway in Dubai, Altman said the “bright future” promised by AI would transform education and … Read more