Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit by President Xi Jinping, including one with tech giant Huawei, whose growing foray into the Gulf region has raised U.S. security concerns. King Salman signed a “comprehensive strategic partnership agreement” with Xi, who received a lavish welcome […]
KSA
Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a long-standing partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained […]
Trade and investment ties between China and Gulf Arab states are expected to feature prominently in President Xi Jinping’s visit to Saudi Arabia this week as the region increasingly looks East to drive economic transformation at home for a post-oil era. China, the world’s biggest energy consumer, is a major trade partner of Gulf oil […]
Crown Prince Mohammed bin Salman hosts China’s leader this week at a delicate moment in U.S.-Saudi ties, signalling Riyadh’s resolve to navigate a polarised global order regardless of the wishes of its Western allies, analysts said. The ruler of the oil giant has made a comeback on the world stage following the 2018 murder of […]
The world is just learning to walk again after the pandemic. Yet the news of an economic downturn is already circulating fast. Information technology solutions proved vital in understanding and overcoming obstacles. Making it a logical choice to rely further on information technology solutions to lessen the weight of the upcoming economic downturn. Technology advances […]
Riyadh, 17th Nov 2022: Alwaleed Philanthropies (AP), chaired by HRH Prince Alwaleed Bin Talal Al Saud, launched their latest innovative initiative on the metaverse, a center that combines multiple virtual spaces to provide users with an unparalleled digital and cultural experience. AP launched the center during the International Day for Tolerance, which is an annual observance day […]
NEOM Tech & Digital, a subsidiary of the $500 billion signature NEOM project of the Saudi crown prince, has invested $1 billion in 2022 in AI, including a metaverse platform, its chief executive said on Tuesday. Joseph Bradley said the company is also changing its name to Tonomus as NEOM works to integrate AI techs […]
The Kingdom of Saudi Arabia (KSA) is an economic giant with ample visions and projects. The Kingdom is well known for its massive oil output, but Saudi Arabia has way more to offer. In the future, Saudi Arabia seems to diversify its economic projects and catapult its greener approach. With various visions and initiatives, the […]
Aramco is the oil giant in Saudi Arabia. One of the leading players in the oil industry, Aramco, has solidified its name among the giants of the business world. Established in 1933, the company began drilling in 1938 and has grown. Let us look at some interesting facts about Aramco, and far more intriguing facts […]
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 […]