Saudi Arabia’s Prince Alwaleed bin Talal has reportedly bought a 2.3 percent stake in Snapchat in a deal worth $250 million.
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 3813
Saudi Arabia to set up new centre for AI innovation
KPMG Al Fozan & Partners, a professional services firm in Saudi Arabia, and the kingdom’s Ministry of ICT have partnered to set up to a centre to develop digital solutions in the field of Artificial Intelligence (AI) and advanced data analytics.
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.