Leading News Source For Middle East
Egyptian Minister of Military Production Mohamed Ahmed Morsi and the president of the Saudi General Organization for Military Industries Mohammed bin Hamad Al-Mady discussed Monday the possibility of exchanging experiences and manufacturing technology, Arab News reports. They met on the Read more
Egypt and Jordan Sunday agreed to double the capacity of their joint power interconnection to 1,000 megawatts, reports say. The Jordanian energy minister Saleh Kharabsheh reached the deal with Egypt’s minister of electricity Mohamed Shaker in the kingdom. The agreement Read more
The world’s largest oil exporter and Saudi Arabia’s largest company, Aramco, has joined investors in funding China’s brain-computer interface platform, NeuraMatrix, Arab News reports. NeuraMatrix, has closed $15.6 million Series A financing round led by Huagai Capital and Prosperity7 Ventures, Read more
The Saudi Central Bank (SAMA) has granted Fintech license to Al-Hulul al-Shamilah Finance that facilitates bill payment in the kingdom, Zawya reports. The company using the country’s SADAD system has become the 14thfintech venture in the country. The central bank, Read more
The kingdom of Saudi Arabia will host in February 2022, the largest technology event ever, LEAP, with global experts expected in the attendance. Set to take in Riyadh Feb.1-3, LEAP according to organizers, is set to become a global platform Read more
Saudi Arabia will initiate discussions with China for the development of the hydrogen as the Gulf country envisagesto reach net zero by 2060. The cabinet, Arab New notes citing state-run news agency SPA, has delegated the Kingdom’s Energy minister to Read more
The Saudi Ports Authority (Mawani) has entered an agreement with Cruise Saudi and Globe Group to build a new cruise terminal at King Abdulaziz Port in Dammam, as well as to develop four berths at King Abdulaziz Port in Dammam Read more
Saudia, the Saudi kingdom’s national carrier, has announced ongoing talks with Airbus and Boeing to acquire next year an unspecified number of wide body aircraft as part of the airline’s plan to become a regional hub, reports say. “It’s a Read more
The Kingdom of Saudi Arabia will build the world’s first non-profit city, the facto ruler Crown Prince Mohamed bin Salman announced Sunday. The city, designed in a model of for the development of the non-profit sector globally and an incubator Read more
King Salman has approved the country’s plans to grant citizenship to foreign nationals with specialized skills in a number of professions in line with vision 2030. The areas where skillful nationals needed include the legal, medical, scientific, cultural, sport and Read more