The technology start-ups incubated by the Badir Program, one of the King Abdul Aziz City for Science and Technology initiatives, has successfully raised around $3.110 million in the second quarter of 2018.
A study by IBM Security has revealed that the average total cost of a data breach in Saudi Arabia and UAE combined is $5.31 million, a 7.1 percent increase since 2017.
Over 9 million people from Saudi Arabia are active daily users of multimedia messaging app Snapchat.
Saudi Arabia’s Ministry of Finance has successfully launched its new digital portal Etimad, to streamline services for the public and private sector.
Saudi Arabia’s STC has reportedly launched a new programme aimed at educating and training 150 students in cybersecurity.
The Ministry of Finance and the Saudi Arabian Monetary Agency (SAMA) signed an agreement to activate e-transactions between them.
International rental platform Airbnb is reportedly eyeing Saudi Arabia as the next “very exciting” emerging market.
Saudi Arabia has inaugurated its very first smart pharmacy, a robot-operated facility at King Fahd Specialist Hospital.
Nine in 10 children across UAE and KSA have access to tablets, smartphones or other handheld electronic devices with screens.
Sipchem has launched its innovation club ‘Sipchem Tech’ in Saudi Arabia with the aim of building the capabilities of the youth in various fields, including artificial intelligence (AI), programming, 3D printing and robotics.
The event promises to attract leading programmers from around the world to innovatively leverage technology to enrich and enhance the Hajj experience for pilgrims.
Visa has partnered with mada to bring mada Pay, the first mobile payment solution that supports contactless (NFC) transactions in Saudi Arabia.
Saudi Arabia is reportedly in talks with UAE and Bahrain to establish a coordinated approach to the regulation and nurturing of fintech startups in the region.
The event is a 36-hour long event, which will commence on 1st August onclude on 3rd August will be the largest ever hackathon held to date in the Kingdom.