Tesla CEO Elon Musk reportedly said he is in talks with Musk Saudi Arabia’s sovereign wealth fund and other investors for support in taking the company private.
Gulf-based entrepreneurs seek to transform outdoor advertising
Two entrepreneurs from Saudi Arabia and UAE are taking on mission to disrupt the traditional outdoor advertising with the help of blockchain.
Saudi Arabia’s top grocery app is coming to the UAE
Following the success of the grocery app within Saudi Arabia, Wadi.com plans to expand in other markets like UAE, which is strategized to be introduced in 2019.
Saudi Arabia unveils digital services for Hajj pilgrims
Saudi Arabia’s Makkah Gov. Prince Khaled Al-Faisal has reportedly inaugurated the “Intelligent Hajj” programme, Arab News reported.
Female data scientists to help shape Saudi Arabia’s future
Princess Nourah bint Abdulrahman University has partnered with the national and international organisations to provide distinguished degrees and certificates for Saudi female students and graduates.
Saudi Arabia invests $2B in Tesla, Musk mulls taking the firm private
Elon Musk said he’s considering taking Tesla Inc. private in a radical step that, if successful, would ease pressure on the money-losing automaker.
Apple’s Wozniak is Saudi Arabia’s new tech ambassador
The Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) has named Apple co-founder Steve Wozniak as an ambassador for the creation of a “Saudi Tech Hub.”
Saudi prince invests $266m into music streaming site after anti-corruption scandal
Saudi billionaire Prince Alwaleed Bin Talal has invested 1 billion riyals ($266.7 million) into music streaming company Deezer.
Saudi Arabia’s $500B Smart City hosts first cabinet meeting
Saudi Arabia’s King Salman held his first-ever cabinet meeting in Neom, a planned $500 billion futuristic mega city.
It’s market day! UAE’s noon now offers groceries
noon, the Middle East’s homegrown online marketplace, now has groceries on hand that can be delivered right to your doorstep with just a few clicks.
SoftBank tech fund onboards Deutsche Bank’s chief for Saudi Arabia
SoftBank Group is reportedly hiring the head of Deutsche Bank AG’s unit in Saudi Arabia to lead a new office in Riyadh.
Saudi king arrives in $500B still unbuilt mega city for holiday
Saudi Arabia’s King Salman on Monday has arrived in NEOM, a still undeveloped mega city where he will spend some time for a holiday, according to state-run Saudi Press Agency (SPA).
Saudi Arabia tech accelerator raises over $3M in funding
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.
Data breaches cost Saudi Arabia, UAE firms up to $5.31M
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.