Greece and Saudi Arabia agreed on Tuesday on the main terms to set up a joint venture to lay a fibre optic data cable that will link Europe with Asia, Greek sources said on Tuesday. The “East to Med data Corridor”, an undersea and land data cable, will be developed by MENA HUB, owned by […]
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Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co Ltd as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, a filing said, and comes as PIF has also taken stakes in video game […]
When we say the Kingdom of Saudi Arabia, certain things come to mind oil, the origin of the Islamic religion, Arabian horses, coffee, the world’s largest desert, extravagant palace, the country where women were not allowed to drive, and much more. However, until quite recently, the role of Saudi Arabian women in the Kingdom has […]
In its plan to pump investments into the Middle East, Chinese telecommunications giant Huawei revealed Tuesday plans to create a cloud region in the Kingdom of Saudi Arabia (KSA). The move, which will play a fundamental role in expanding the company’s influence in the Middle East, will bring forth more support to local businesses and […]
Deemed the jeweled project of the Kingdom of Saudi Arabia, NEOM, the crown’s $500 billion futuristic metropolis is attracting attention from the Kingdom and globally, bringing 10,000 steps forwards towards molding a city to incorporate human civilizations and modernization. Famous for its oil-based economy, with primal revenue dependence on natural resources, the KSA is making […]
Saudi Telecoms Company (STC) raised on Wednesday $966 million from its Initial Public Offering (IPO) following completion of the institutional subscription of its subsidiary Arabian Internet and Communications Services Co. Last week, the Kingdom’s state-owned telco set a price for its IPO at the highest rank of an analytical price range for Solutions by STC, […]
Saudi Arabia is looking to attract investments upwards of $18 billion dollars as part of its bid to construct large-scale data centers across the Kingdom, the country’s Ministry of Communications and Information Technology (MCIT) announced this week. The move – which is part of Saudi Arabia’s Vision 2030 – aims to transform the gulf country […]
Global financial services company Mastercard, and Geidea, the largest fintech company in Saudi Arabia by market share, announced earlier this week a strategic partnership agreement to accept Mastercard payments using a Tap-on-Phone solution in Saudi Arabia. Geidea is the first fintech company to roll out contactless payments acceptance technology across the Kingdom, which will enable […]
The global COVID-19 pandemic burned through many brick-and-mortar businesses around the world, forcing their hand into making the digital switch to remain afloat as people went into lockdown. Despite economic repercussions, the crisis prompted stronger digitization efforts by private and public sectors; a move praised by Saudi Arabia’s Trade Minister Majid bin Abdullah Al-Qasabi. Al-Qasabi […]
LogRhythm, the company powering today’s security operations centers (SOCs), has launched reporting capabilities and compliance use cases that make it simple and efficient to comply with the Kingdom of Saudi Arabia’s (KSA) Essential Cybersecurity Controls (ECC). It enables organizations of all kinds to use one-click, out-of-the box automation to meet the minimum cybersecurity requirements for […]