Technology & IT | Tuesday 1 February, 2022 7:12 pm

Saudi Arabia ploughs $6.4bn into future tech, Minister tells LEAP

Saudi Arabia has invested $6.4 billion in future technologies, the Kingdom’s information technology minister Abdullah Al-Swaha told delegates at LEAP 2022. Speaking from the stage at the forum in Riyadh, Al-Swaha set out how the money was flowing from companies in the Kingdom into the...

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Technology & IT | Tuesday 1 February, 2022 7:08 pm

Saudi Arabia’s adoption of contactless payments one of the highest in the world: Visa executive

Saudi Arabia witnessed one of the world’s highest adoption curves of contactless payments over the last three years, Visa’s regional president for Central and Eastern Europe, Middle East and Africa told Arab News. Contactless payments’ share of total face-to-face transactions in the...

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Technology & IT | Tuesday 1 February, 2022 7:06 pm

AI can solve supply chain crisis, says SAP chief at LEAP

The supply chain crisis affecting businesses could be solved if firms used Artificial Intelligence technology to work closer together, according to a leading software company executive. Speaking at the LEAP conference in Riyadh, Christian Klein, CEO of SAP SE, said businesses needed to show...

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Technology & IT | Tuesday 1 February, 2022 7:02 pm

LEAP Conference kicks off with 350 speakers from 40 countries participating

The international technological conference “LEAP” kicked off in Riyadh, under the theme “One Eye on the Stars”, with a participation of more than 350 speakers representing 40 countries form around the world.Saudi Arabia is hosting LEAP Conference, which will continue until next...

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Tourism & Hospitality | Tuesday 1 February, 2022 3:59 pm

LONDON-BORN ITALIAN RESTAURANT IL BARETTO IS KAFD’S FIRST DINING DESTINATION

LONDON-BORN ITALIAN RESTAURANT IL BARETTO IS KAFD’S FIRST DINING DESTINATION Authentic Italian restaurant Il Baretto opened its premier international location in Riyadh on the 19th of November 2021. The London-born restaurant’s new venue is the first restaurant and dining experience in the ...

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Business & Money | Tuesday 1 February, 2022 10:59 am

Saudi Arabia' index approaching its highest level in 15 years

The Saudi Arabia' index on Sunday has approached its highest level in 15 years amid rising oil prices after the geopolitical turmoil exacerbated fears of tight energy supplies.The energy companies in the Kingdom index has risen by 0.6%, while Tadawul All Share Index (TASI) rose by 0.7% to 12,259...

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Culture & Education | Tuesday 1 February, 2022 10:38 am

Riyadh municipality to build social hubs for the elderly

The Riyadh municipality is planning to expand the establishment of dewaniyas, or reception areas, for the elderly as part of its strategy to create a social hub where people can socialize, and take part in sports, cultural and recreational activities. According to the municipality, the...

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Business & Money | Tuesday 1 February, 2022 10:31 am

ACWA Power signs Memorandum of Understanding with Saudi EXIM Bank to develop and cooperate on knowledge sharing initiatives in the area of project finance

ACWA Power,a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, signed a Memorandum of Understanding (MoU) with Saudi Export-Import Bank (Saudi EXIM), in an extensive agreement that involves knowledge transfer in the realm of credit issuance,...

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Healthcare | Tuesday 1 February, 2022 10:20 am

Sanad launches Saudi childhood cancer awareness month

Saudi Arabia’s Sanad Charitable Association is raising awareness of childhood cancer through its February campaign launching tomorrow under the slogan “Sanad for Our Children.” More than 60 government bodies and private entities are set to take part over the course of the month.In...

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Government | Tuesday 1 February, 2022 9:56 am

UAE announces 9% corporation tax

The UAE has announced a new 9 percent corporation tax will be levied on businesses from June 1 2023. Businesses will become subject to the tax from the beginning of their first financial year that starts on or after June 2023. A 9 percent rate will kick in on profits above 375,000...

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