KSA

Canoo Enters a $30 Billion Market with Multiple Commercial Vehicle Sales in Saudi Arabia

Retrieved on: 
Tuesday, April 2, 2024
EVS, Partnership, FTZ, Transport, Free-trade zone, KSA, Pleasure, Workflow, GCC, TAM, MENA, Crown, LDV, Gulf Cooperation Council, Renewable energy

Jazeera Paints will initially purchase 20 Canoo's electric vehicles (EVs) into its fleet in 2024, with the option to expand up to 180 additional vehicles.

Key Points: 
  • Jazeera Paints will initially purchase 20 Canoo's electric vehicles (EVs) into its fleet in 2024, with the option to expand up to 180 additional vehicles.
  • This agreement taps into the Saudi Arabian EV market, which commands a total addressable market (TAM) of over $30 billion, and aligns with initiatives within the GCC region to enhance sustainable mobility solutions.
  • In addition, these electric commercial delivery vehicles provide Canoo with a first mover advantage in the Saudi market and a competitive position in the Gulf Cooperation Council (GCC) region.
  • Both companies anticipate this alliance will catalyze further innovation and collaboration, paving the way for a more sustainable and technologically advanced future in commercial transportation within the GCC and beyond.

Frontiers of Digital Finance by Biz2X Named as Fintech Ecosystem Partner for the Dubai FinTech Summit 2024 on May 8

Retrieved on: 
Wednesday, March 27, 2024
Element, Mastercard, Growth, Entrepreneurship, Qarar, DLA, FDF, Credit bureau, AI, AWS, KSA, Kingdom, Piper, Vision 2030, DLA Piper, Frontiers

DUBAI, United Arab Emirates, March 27, 2024 (GLOBE NEWSWIRE) -- Biz2X and Dubai International Financial Centre ( DIFC ) today announced that Frontiers of Digital Finance (FDF) will be an official event at the 2024 Dubai FinTech Summit.

Key Points: 
  • DUBAI, United Arab Emirates, March 27, 2024 (GLOBE NEWSWIRE) -- Biz2X and Dubai International Financial Centre ( DIFC ) today announced that Frontiers of Digital Finance (FDF) will be an official event at the 2024 Dubai FinTech Summit.
  • FDF Dubai will feature key industry leaders from financial institutions, technology platforms, global consultancies, and government officials in an invite-only event on May 8, 2024.
  • In collaboration with DIFC Innovation Hub, the event will also spotlight Dubai's groundbreaking Vision D33 for transforming finance in the Emirates.
  • We are proud to be hosting these urgent and powerful conversations with the Frontiers of Digital Finance series."

Frontiers of Digital Finance by Biz2X Named as Fintech Ecosystem Partner for the Dubai FinTech Summit 2024 on May 8

Retrieved on: 
Wednesday, March 27, 2024
Element, Mastercard, Growth, Entrepreneurship, Qarar, DLA, FDF, Credit bureau, AI, AWS, KSA, Kingdom, Piper, Vision 2030, DLA Piper, Frontiers

DUBAI, United Arab Emirates, March 27, 2024 (GLOBE NEWSWIRE) -- Biz2X and Dubai International Financial Centre ( DIFC ) today announced that Frontiers of Digital Finance (FDF) will be an official event at the 2024 Dubai FinTech Summit.

Key Points: 
  • DUBAI, United Arab Emirates, March 27, 2024 (GLOBE NEWSWIRE) -- Biz2X and Dubai International Financial Centre ( DIFC ) today announced that Frontiers of Digital Finance (FDF) will be an official event at the 2024 Dubai FinTech Summit.
  • FDF Dubai will feature key industry leaders from financial institutions, technology platforms, global consultancies, and government officials in an invite-only event on May 8, 2024.
  • In collaboration with DIFC Innovation Hub, the event will also spotlight Dubai's groundbreaking Vision D33 for transforming finance in the Emirates.
  • We are proud to be hosting these urgent and powerful conversations with the Frontiers of Digital Finance series."

Mastek Earns 2024 Great Place To Work® Certification

Retrieved on: 
Monday, April 8, 2024
Networks, Internet, Data Management, Technology, Software, Equal, Friends, Culture, Organization, Growth, Trust, Empowerment, Allyship, KSA, CHRO, Workforce, Workplace, Family, Inclusive, Human, Management

Mastek (NSE: MASTEK; BSE: 523704), a trusted digital engineering and cloud transformation partner, today announced that it has been certified as Great Place To Work® in India, UK, US, and Middle East.

Key Points: 
  • Mastek (NSE: MASTEK; BSE: 523704), a trusted digital engineering and cloud transformation partner, today announced that it has been certified as Great Place To Work® in India, UK, US, and Middle East.
  • Great Place To Work® is the global authority that helps organizations benchmark their workplace culture and produce high-performing results by creating a high-trust work experience for all employees.
  • "We are immensely proud to be recognized as a Great Place To Work in all 4 regions, India, UK, US and KSA.
  • Mastek’s employees across the globe shared positive feedback about overall pride in the corporate image and positively advocate Mastek as a Great Place to Work to friends and family.

The Kingdom of Saudi Arabia and Rezolve AI Ink Pioneering MOU to Establish Global AI Market Leaders

Retrieved on: 
Monday, March 18, 2024
AACI, Combination, Growth, Register, Partnership, Artificial intelligence, Acquisition, Business analyst, Ministry of Investment, KSA, Hallucination, MISA

LONDON, March 18, 2024 (GLOBE NEWSWIRE) -- In a strategic move that highlights the Kingdom of Saudi Arabia's commitment to technological advancement and economic growth, the Ministry of Investment of Saudi Arabia (MISA) has forged a groundbreaking partnership with Rezolve AI Limited. This collaboration is set to revolutionize the artificial intelligence (AI) landscape, establishing an AI Centre of Excellence in Saudi Arabia as a cornerstone of Vision 2030's innovation and development goals.

Key Points: 
  • Upon closing of the transaction, the combined company’s shares are expected to trade on the Nasdaq under the ticker symbol “ZONE”.)
  • This collaboration is set to revolutionize the artificial intelligence (AI) landscape, establishing an AI Centre of Excellence in Saudi Arabia as a cornerstone of Vision 2030's innovation and development goals.
  • • Creation of Global Market Leaders: In partnership with the Ministry of Investment, the goal is to launch at least five AI ventures in diverse market sectors, funded and headquartered locally, each aspiring to become global market leaders.
  • These ventures will leverage Rezolve's cutting-edge AI Large Language Model (brainpowa) to foster innovation and ensure global leadership without succumbing to AI hallucinations.

Global Artificial Intelligence Market Expected to Grow to $1.3 Trillion by 2023

Retrieved on: 
Monday, March 18, 2024
Cloud, MSFT, Combination, Google Cloud, Algorithm, Natural language processing, Microsoft, Health, Ink, Social media, Artificial intelligence, Transport, Business analyst, Alphabet Inc., AV1, USD, Marketing, Cloud database, Armada, Automation, Amazon, Partnership, Internet of things, Oracle Cloud, VMW, PALM, BMR, Ministry of Investment, Hallucination, HP, VMware, Register, Microsoft Azure, Organization, Intelligence, Library, Internet, Research, News, Acquisition, PostgreSQL, KSA, Alliance for Open Media, Robotics, ACM, GOOG, ChatGPT, Machine learning, MISA, AACI, Nvidia, Growth, HP Inc., CUDA, NVDA, OCI, Table, A.I, Big, NVIDIA, Medical device

A report from MarketsAndMarkets said that the global artificial intelligence market size was valued at USD 150.2 billion in 2023 and is expected to grow at a CAGR of 36.8% from 2023 to 2030.

Key Points: 
  • A report from MarketsAndMarkets said that the global artificial intelligence market size was valued at USD 150.2 billion in 2023 and is expected to grow at a CAGR of 36.8% from 2023 to 2030.
  • The report added: “The increasing adoption of autonomous artificial intelligence (AI) is driving the growth of the Artificial Intelligence Industry.
  • As technology advances and more industries recognize its benefits, the Artificial Intelligence (AI) Market size is poised for expansion, fostering innovation and new opportunities.”   Active A.I.
  • MarketsAndMarkets continued: “The exponential ai growth statistics of digital data from various sources presents immense opportunities for the AI market.

Informatica Launches Saudi Arabia’s First AI-Powered Intelligent Data Management Cloud Platform

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Data Management, Technology, Data Analytics, Networks, Internet, Cloud, Organization, AI, KSA, Vision 2030, Data management, Cloud computing, GDP, Print on demand, INFA, Multimedia, USD, IDMC, Video game

Informatica (NYSE: INFA), the enterprise cloud data management leader, today launched its AI-powered Intelligent Data Management Cloud™ (IDMC) in Saudi Arabia, a first for the Kingdom.

Key Points: 
  • Informatica (NYSE: INFA), the enterprise cloud data management leader, today launched its AI-powered Intelligent Data Management Cloud™ (IDMC) in Saudi Arabia, a first for the Kingdom.
  • The investment includes establishing a new Point of Delivery (PoD) in Riyadh, and reflects a commitment to support local, scalable, cloud-first data management services.
  • View the full release here: https://www.businesswire.com/news/home/20240402439288/en/
    Informatica is launching its AI-powered Intelligent Data Management Cloud™ in Saudi Arabia, a first for the Kingdom.
  • By establishing a regional PoD in Riyadh, Informatica will be able to better support local partners and organisations with its cloud data management platform in line with local regulations.

Wildix Announces Entry into Saudi Arabia with AlJammaz Technologies Partnership

Retrieved on: 
Thursday, March 28, 2024
Technology, Mobile, Wireless, Carriers and Services, Telecommunications, Business, Professional Services, Audio, Video, Hardware, VoIP, Communication, Partnership, UC, KSA, GCC, Heart, Unified communications, CMO, Marketing, NTP, Gulf Cooperation Council

Wildix, a global innovator and leader in UC&C, today announced a strategic partnership with AlJammaz Technologies, marking a significant milestone in Wildix's global expansion.

Key Points: 
  • Wildix, a global innovator and leader in UC&C, today announced a strategic partnership with AlJammaz Technologies, marking a significant milestone in Wildix's global expansion.
  • By blending Wildix's innovative UC solutions with AlJammaz Technologies' expertise, this partnership is set to revolutionize business communications in Saudi Arabia.
  • “We are particularly proud of our new partnership with AlJammaz Technologies, a milestone that benefits us both enormously,” said Emiliano Tomasoni, CMO, Wildix.
  • “We are proud to partner with Wildix, an industry-leading player in the UC&C space,” said Adel Qahwash, General Manager, AlJammaz Technologies.

KSA Car Sharing, Taxi and Truck Leasing Market Report 2024 Featuring UDrive, IDrive, and Ekar - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 19, 2024
Automotive, General Automotive, Transport, Transportation, Public Transport, Travel, Organization, Type, Growth, SUV, Coaster, Rest, Toyota, KSA, Vision 2030, Tourism, BMW iDrive, TGA, Digital technology, Sonata, Hyundai, Ministry, Government, Traffic Department, Mining, Ridesharing

KSA Car Sharing, Taxi and Truck Leasing Market is expected to grow at a significant growth rate owing to different factors affecting the market.

Key Points: 
  • KSA Car Sharing, Taxi and Truck Leasing Market is expected to grow at a significant growth rate owing to different factors affecting the market.
  • Al Safwa, Umrah Taxis, and Makkah Madina Taxi Service are some of the leading companies in the KSA Taxi market.
  • By Type of Vehicle: The KSA Taxi Market is categorized into four important categories Small Taxi, Medium Taxi, Large Taxi, and Coaster.
  • Small Taxi (1-4 Passengers) is the leading the KSA Taxi Market with a market share of 57% followed by Medium Taxi, Large Taxi, and Coaster.

Anghami and Rotana Renew Partnership and Expand Scope of Collaborations

Retrieved on: 
Tuesday, March 12, 2024
Entertainment, TV and Radio, General Entertainment, Online, Music, Podcast, Licensing (Entertainment), Inc., Partnership, Trust, Arab world, KSA, GCC, Creativity, Multimedia, Rotana Mousica

This commitment paves the way for an expanded array of releases and collaborations across various content over the next three years.

Key Points: 
  • This commitment paves the way for an expanded array of releases and collaborations across various content over the next three years.
  • Commenting on the announcement, Eddy Maroun, Co-Founder & CEO of Anghami, said: "We are excited to renew and broaden our partnership with Rotana, reaffirming our dedication to offering users content and experiences.
  • In addition to granting Anghami access to Rotana's extensive Arabic music catalog, the partnership will witness collaborative efforts including live concerts and artist collaborations, available on Anghami.
  • We are all confident that what is coming between Rotana and Anghami will help expand our presence by delivering Rotana music to listeners worldwide.”
    With this expanded partnership, Anghami and Rotana are set to redefine the music scene in the Arab world, offering fans in the MENA region an unmatched selection of content and live experiences.