Sponsor News
Charles Russell Speechlys
CRS advise on the world’s first AI platform for aquaculture
Charles Russell Speechlys (CRS) recently advised Observe Technologies, the world’s first AI platform to transform how aquaculture farmers manage their farms, on its acquisition by AKVA Group, the world’s largest supplier of solutions and services to aquaculture. This deal marks an exciting development for the aquaculture industry and showcases the monumental effects AI capabilities will have on so many industries in the future…Read more
RED Engineering Design
RED is recognised among the Top 10 Data Centre Consultants worldwide
Congratulations to RED Engineering Design who have been recognised among the Top 10 Data Centre Consultants worldwide by Data Centre Magazine. Listed internationally as experts in digital infrastructure design and management in the rapidly evolving data centre industry, RED assists clients in their vision for a zero-carbon built environment and provides commercially viable ideas for low-carbon solutions. Congratulations! …Read more
Industry News
Kingdom of Bahrain 
Electronic payments surge in H1 2024
Benefit, a leading fintech and electronic financial transaction services provider, has reported a 14.5% jump in its electronic fund transfer transactions – reaching BHD16.4bn in H1 of 2024. This significant statistic further underscores the Kingdom’s efforts to emerge as a regional and global leader in the fintech industry…Read more
Saudi Arabia
GASTAT launch new statistician programme
The General Authority for Statistics (GASTAT) has launched the Saudi Statistician Programme, an initiative aimed at cultivating a new generation of homegrown data experts. Inviting graduates with degrees across the mathematic, technology, and engineering fields to apply and take part in a year-long educational course, GASTAT hopes that the programme will develop and foster a strong calibre of next-generation Saudi statisticians, aiming to improve policymaking, support the public and private sector, and help realise the goals of Saudi Vision 2030 to create a more digitally transformed KSA economy…Read more
Oracle launch second public cloud region in the Kingdom
Oracle has announced the launch of its second public cloud region in Riyadh as part of a $1.5bn investment to enhance and bolster Saudi Arabia’s digital infrastructure and AI capabilities. The Riyadh cloud region will provide both public and private sector organisations, across KSA, access to Oracle Cloud Infrastructure, allowing them to modernise applications and innovate capabilities using data, analytics, and AI. This investment is significant for Saudi Arabia, not only helping to achieve its Saudi Vision 2030 goals and cement its position as a global technology hub, but is also anticipated to contribute significantly to the Kingdom’s AI economy, which is projected to reach north of $135bn by 2030…Read more
The Kingdom’s technological advancements drive sustainability efforts
Saudi Arabia has made monumental leaps in sustainability output. By harnessing technology and forging strategic partnerships, completing 13 successful projects across 16 public and private entities, KSA is well on the way to achieving its renewable energy goals outlined in Saudi Vision 2030. Saudi Arabia’s ongoing investment in digital infrastructure is a key factor in the Kingdom emerging as a global leader in digital sustainability, and why it is well positioned to reduce its environmental footprint…Read more
KSA witnessed a circa. 50% surge in investment licenses in Q2
Saudi Arabia’s Ministry of Investment has contributed significantly to the growth of the Kingdom’s non-oil-related economy, and the latest figures for issued investment licenses help further prove this. In the second quarter of 2024, Saudi Arabia has reportedly issued just under 3000 investment licenses, a 49.6% increase Y-o-Y, underscoring its growth appeal as a business destination. The Saudi government’s strategic efforts to diversify its economy and reduce dependence on oil revenues are evident, and not stopping anytime soon…Read more
UAE
e& revenues surge to $8bbn in strong year for Gulf telcos
Abu Dhabi-based telco e& reported revenues just shy of $8bn, rising 6% YoY, as the Gulf telecoms industry continues to show strong performances. Driven by growth in local and international markets, strategic investments, and government initiatives, the Gulf telecoms industry is witnessing a sharp incline in both profit and subscriber base…Read more
Middle East
Cassava Technologies launches new AI business
Cassava Technologies provides a multitude of services across the data centre, cloud, cybersecurity, connectivity, and renewable energy markets to large multinational and local companies; and has just announced the splitting of its AI activities into a separate business unit, Cassava AI. This new unit aims to create and curate customisable AI solutions that are to be adopted by companies to help with customer engagement, data analytics, and productivity of its enterprise. Already providing AI services to the Middle East, Africa, and Latin America, Cassava has forged strategic relationships with giants such as Microsoft, Google, AWS, and Oracle, enabling them to offer superior systems integration and support to enterprise customers across international markets…Read more