RIYADH: UAE bank branches are witnessing the highest revenues in the region, amounting to $18.6 million per branch, according to a top executive at Roland Berger. This was driven by the nation’s digital transformation which enabled banks in the Gulf Cooperation Council region to reduce the number of banking branches by 328 within three years, … Read more
RIYADH: A new premium residency visa has spurred home-ownership demand among Saudi-based expats, with 77 percent now looking to buy a property, a survey has revealed. Global property consultancy Knight Frank surveyed 241 expatriates in Saudi Arabia, and discovered the primary motivation for real estate purchasing in the Kingdom, especially among millennials, is its perceived status … Read more
Ericsson and Etihad Etisalat, known as Mobily, have extended their managed services agreement for a further three years to leverage next-generation artificial intelligence and machine learning for autonomous operations. Boosting Mobily’s digital transformation journey, the extended partnership will focus on introducing AI, ML and automation use cases across Mobily’s network to enable data-driven and intelligent … Read more
RIYADH: Saudi Arabia’s ambitious National Transformation Program, which sought to develop the necessary infrastructure for the realization of the Kingdom’s Vision 2030 goals, has soared past its initial targets and created tangible growth for the nation’s citizens, residents and investors. Launching the economic diversification plan in 2016, Crown Prince Mohammed Bin Salman vowed to improve the … Read more
New Murabba Development Company has signed an MoU with the Tourism Development Fund to spearhead the transformation of Riyadh. The agreement will see the two entities work closely together to create New Murabba: the world’s largest, modern downtown, serving as a model for future urban development and contributing toward Riyadh city’s evolution, in line with … Read more
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
LONDON: US-based pro-Israeli group SKDK has been targeting Washington Post’s foreign correspondent Louisa Loveluck over her coverage of the Gaza conflict, news outlet Semafor reported on Sunday. SKDK, a Washington DC public relations firm with close ties to the White House, is managing the communications of the 10/7 Project, an initiative established last year to … Read more
RIYADH: Saudi Arabia is set to bolster national competencies in artificial intelligence with a new dedicated center, as part of a drive to turn the Kingdom into a leading industrial powerhouse. On the sidelines of the first Global Smart City Forum in Riyadh, the Ministry of Industry and Mineral Resources, in collaboration with the Saudi … Read more
At the recent Diriyah E-Prix in Riyadh, it was hard to escape the presence of one of Formula E’s most established partners — Saudi Airlines. The Kingdom’s national carrier has been a partner of the all-electric racing series since its debut in the Saudi capital in 2018. Since then, the Kingdom has undergone a cultural … Read more
How a Saudi rewilding scheme is bringing the Arabian leopard back from the brink of extinction RIYADH: Conservation experts from Saudi Arabia’s Royal Commission for AlUla have this year succeeded in breeding seven Arabian leopard cubs in captivity in the hope of increasing the population of the critically endangered species in the wild. There are … Read more