Saudi Arabia’s Public Investment Fund (PIF) has reportedly agreed to invest more than $1 billion in Lucid Motors, a budding competition for Elon Musk’s Tesla.
Saudi Arabia, Technology, UAE
Excessive technology use to blame for child obesity in UAE, Saudi Arabia
Nine in 10 children across UAE and KSA have access to tablets, smartphones or other handheld electronic devices with screens.1 3982
Abu Dhabi-based DarkMatter seeks to nurture regional cybersecurity talent
DarkMatter has unveiled its new strategy aimed at being region’s first and only fully-integrated digital transformation, defence and cybersecurity solutions provider.
GITEX 2018
French tech startups to connect with GCC techies
Business France, the national agency supporting the international development of the French economy, is once again hosting the French Tech Pavilion at the 38th annual edition of GITEX.
Virgin Hyperloop One to shoot its new ad film in Saudi Arabia
Engagement to display how hyperloop would promote Saudi economic and social modernisation in concert with Vision 2030 ideals Virgin Hyperloop …
SAP’s Saudi, UAE data centres a “big deal”: regional SVP
SAP’s regional head has heaped praise on the firm for becoming the first global technology company to boast data centres …
UAE, Saudi Arabia lead in Smart City investments: report
Dubai and Riyadh are leading the way in terms of 2018 investments.
Global cloud firm names new head for Saudi Arabia
Oracle has announced the appointment of Fahad Alturief as the new Country Leader for Saudi Arabia.
GITEX 2018
Linksys research: UAE and Saudi Arabia see rapid IoT adoption
Linksys has announced that there is rapid adoption of IoT in the Middle East with a growing number of people …
PIF secures $11B loan as Saudi Arabia pushes for economic diversification
Diversification is a key focus of Crown Prince Mohammed bin Salman’s Vision 2030 plan, which aims to transform the Saudi economy through a slew of projects from hi-tech start-ups to a new mega city.
Ripple effect: Saudi bank joins blockchain-powered payment network
Blockchain-powered global payment network Ripple has announced their partnership with Saudi Arabia’s National Commercial Bank (NCB), a banking firm worth $120 billion.