South Africa is the third largest economy on the continent and has remained robust in these uncertain times. Many consider South Africa the front door to investing there. Consequently, it has attracted investors from all over the world. Recently, these investments in South Africa have come from China and the Middle East. The economy in […]
Saudi Arabia
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 […]
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 […]
Aramco intends to use cutting-edge technologies to increase efficiency, safety, and sustainability, and its goal is to become the top digitalized energy firm in the world. The Saudi Aramco Blockchain investment intends to utilize the technology to reinvent and standardize business processes with the ultimate goal of boosting productivity and generating cost savings in several […]
An electric vehicle (EV) assembly plant to be built in Saudi Arabia is likely to be one of three in the kingdom, investment minister Khalid Al-Falih said on Wednesday. United States-based EV maker Lucid Motors, which is more than 60% owned by Saudi Arabia’s sovereign wealth fund, plans to build its first overseas production factory […]
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 […]
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 […]
Saudi Arabia’s Communications and Information Technology Commission (CITC) fined late last week, a number of local telecoms providers for violating several telecommunications laws in the Kingdom. CITC imposed fines reaching more than SR40 million ($10.67 million) for making promotional offers in violation of CITC’s decisions, using frequencies without licenses, failing to comply with the CITC’s […]
Saudi Arabia’s Communications and Information Technology Commission (CITC) has announced that it will become a 5G network regulator in the International Telecommunications Union (ITU) rankings, as it progresses from a telecom regulator to a digital regulator. “We are one of the most tech-savvy and connected nations in the world and CITC, as the national regulator, […]
Fintech Saudi in partnership with Flat6Labs, a regional startup accelerator, are launching a Fintech accelerator that consists of an intensive innovation and entrepreneurship program spanning 3 months. The partnership brings together Fintech Saudi’s market reach as well as Flat6Labs’ experience and resources to provide 10 startups with all the tools, practices, and resources to scale […]