Aramco today officially announced the launch of Prosperity7 Ventures, a one-billion-dollar Venture Capital fund. The fund has been operational for over a year, but was today launched officially by Aramco Chief Technology Officer Ahmad Al-Khowaiter during the LEAP 22 technology conference in Riyadh.  Prosperity7 is designed as a global financial VC, with a long-term view

Leading global EdTech, Cuemath – a one-on-one personalised math learning platform backed by Google – announces its expansion into Saudi Arabia. The move into one of the Middle East’s largest markets follows Cuemath’s rapid growth in the UAE – where the Company’s subscriber base has grown 600% since its June 2021 launch, and it now

The hospitality sector in Saudi Arabia saw an uplift in performance on the back of entertainment events hosted in Q4 2021, according JLL’s year-end report. In the fourth quarter, Riyadh Season – an entertainment festival – kicked-off in the capital which stimulated greater tourism activity. This was reflected in the city’s hotel occupancy rate, which

The DP World Tour and Ladies European Tour today announced Volvo Car Sweden AB as the new title partner of the Scandinavian Mixed Hosted by Henrik and Annika, with the tournament staged at Halmstad Golf Club for the first time from June 9-12, 2022. Volvo Cars is one of the most well-known and respected car

1 in 3 Saudi residents prefer to watch local Arabic TV content over international content. This is according to a survey commissioned by Kearney as part of a series exploring the trends in key sectors that support Saudi Arabia’s economic development and national ambitions. The survey unveils a demand for more quality content with21% of respondents claiming

The Saudi International Motor Festival (Autoville) kicked off in Saudi Arabian capital Riyadh today to great fanfare among automobile enthusiasts and fans of motor sports. Organized by the Saudi Conventions and Exhibitions General Authority (SCEGA), the greatest interactive automotive event is held at the Dirab Motor Park from today through Friday, January 14th. Fans of everything automotive will get

While the world grapples with the idea of the metaverse, or a virtual world filled with socializing, working and playing, the reality is that a similar version already exists. One of the best examples is Bigo Live which is bridging the virtual and physical worlds enabling users to interact with others in an immersive way.