Saudi Arabia has strongly condemned and denounced the targeting of two ADNOC tankers while transiting the Strait of Hormuz, describing the incident as an unacceptable recurrence of Iranian attacks targeting commercial vessels and tankers. In a statement carried by the Saudi Press Agency (SPA), the Saudi Ministry of Foreign Affairs said that the recurrence of
Saudi Arabia emerged as one among the world’s top 10 countries for private AI investment, according to the latest World Bank report. The World Bank Group’s World Development Report 2026, titled “The Promise of Artificial Intelligence,” highlighted Saudi Arabia’s growing position in the global AI landscape. “The Kingdom has become an attractive destination for AI
Alshaya Group, the leading international franchise retail operator in the region, is proud to announce the launch of Chipotle Mexican Grill (NYSE: CMG) in the Kingdom of Saudi Arabia with its first restaurant opening in Riyadh this August. This highly anticipated launch will bring Chipotle’s responsibly sourced, classically cooked real food to guests in Saudi
The Hub – Transport Advisory, a UK-headquartered specialist transport sector consultancy, has expanded into Saudi Arabia with the support of AstroLabs, the Gulf’s leading business setup and growth platform. The move marks a significant milestone in The Hub’s international growth, aligning with the National Transport and Logistics Strategy’s vision to position Saudi Arabia as a
Saudi Arabia has launched a new funding initiative offering non-repayable grants of up to SR500,000 per project to help cultural enterprises adopt and develop artificial intelligence technologies. The Cultural Development Fund (CDF) announced the launch of the AI Incentives for Cultural Projects in partnership with the Ministry of Culture and the Quality of Life Program,
Tencent Cloud, the cloud business of global technology company Tencent, today announced its collaboration with Alsaif Gallery, one of Saudi Arabia’s leading home appliance and furniture retailers, to support the company’s enterprise AI transformation journey. Leveraging Tencent Cloud’s local cloud infrastructure and AI capabilities in Saudi Arabia, Alsaif Gallery has deployed a self-developed enterprise AI
Bahrain-based digital consumer finance platform Skyro said it plans to expand into Saudi Arabia and has appointed former Mastercard executive Maria Medvedeva as managing director for the Middle East. In her new role, Medvedeva will oversee Skyro’s market entry in Saudi Arabia and its broader expansion across the region, including regulatory engagement, partnerships, local operations
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