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[Image: Volvo Cars KSA] According to Adweek , who spoke to Lion , the Dubai-based creative agency behind the spot, the ad is an effort to reintroduce Volvo to SaudiArabia after years of pulling back on business in the region. AI today is rarely humanizedmost executions are tactical, with little focus on brand storytelling.
The project, backed by a $2 billion investment from Alat, a subsidiary of SaudiArabia's Public Investment Fund, is expected to go into operation by 2026. Once operational, the facility is expected to employ thousands of workers and produce millions of PCs annually, positioning it as one of the largest. Read Entire Article
This week, SaudiArabia's Public Investment Fund (PIF) bought five percent of Nintendo. By Bloomberg's estimates, this makes it Nintendo's fifth-largest shareholder. Nintendo said it only learned of the investment from news reports and declined to comment on individual shareholders.
The Financial Times reports that SaudiArabia has bought at least 3,000 Nvidia H100 GPUs, which Nvidia CEO Jensen Huang calls the first chip designed for generative AI. With its 14,592 CUDA cores, 80GB of HBM3 capacity, and 5,120-bit memory bus, it's priced at a massive $40,000. Read Entire Article
Amnesty International is teaming up with 38 other human rights groups and individuals to call for a halt to Google’s plans to set up an enterprise cloud business in SaudiArabia because of concerns over the country’s human rights track record.
SaudiArabia has announced plans to construct 11 new soccer stadiums as part of its bid to host the 2034 FIFA World Cup, including the futuristic Neom Stadium. The arena, built in an equally futuristic "smart city," will be over 350 meters above the ground. The artist's depictions look like. Read Entire Article
YallaMarket, a Dubai-based quick-commerce startup, is planning to expand within the United Arab Emirates (U.A.E), and to enter SaudiArabia and Qatar next year, to tap the appetite for speedy and convenient grocery shopping. The startup, which was formally launched last month, is expanding in the U.A.E
Sources recently told the Wall Street Journal that the Saudi government is negotiating with electronics supplier Foxconn for a new $9 billion factory in its planned future city of Neom. The factory would be for semiconductors, displays, EV components, and surface-mount technology.
Tamara, a buy now pay later platform for consumers in SaudiArabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion.
Meituan, Chinas largest food delivery and quick commerce platform, is expanding its footprint in SaudiArabia after entering the market in September under its overseas brand, Keeta. 36Kr, in Chinese ]
Meituan officially brought its food delivery service to SaudiArabia under the name KeeTa on Monday, beginning its expansion outside China as domestic growth slowed. KeeTa is expected to compete with food delivery giant Delivery Hero-owned HungerStation and local company Jahez in the Saudi Arabian market.
Want to watch the SaudiArabia GP later today? Here's how to watch the free SaudiArabia GP live stream from anywhere. The race starts at 1 PM ET/10 AM PT.
The 142nd International Olympic Committee (IOC) Session was held in Paris on Tuesday, during which a proposal was approved for the first edition of the Olympic Esports Games to be held in SaudiArabia in 2025. She said she views hosting the 2025 Olympic Esports Games as a natural progression in opening SaudiArabia to the world.
An investigation by parent body Wikimedia discovered that the Saudi government deployed a number of its citizens, some of them by force, to act as agents in the infiltration of Wikipedia. Wikimedia's investigation revealed that the Saudi government had infiltrated the highest ranks in Wikipedia's team in the region," Democracy.
India, Indonesia, Russia, Turkey, and Ukraine are listed as priority level 2, while Argentina, Brazil, Ecuador, Malaysia, Nigeria, SaudiArabia, and Thailand come in at level 3. The thirteen countries in the EC's crosshairs are headed by China (via TorrentFreak), which was singled out as the biggest concern. Read Entire Article
Speaking at a news conference on Wednesday, Biden was asked if Musk posed a national security threat and if the help he received from SaudiArabia to buy Twitter should be investigated—Prince Alwaleed bin Talal and his Kingdom Holding Company represent Twitter's second-largest investor after Musk with a $1.89
Big picture: The ad, which aired in SaudiArabia, is Volvos first spot made entirely with AI. Volvo veers into the uncanny valley The news: Volvo just released a new AI-generated ad, and it doesnt include a single car. That was probably a mistake.
In late October, the Department Bureau of Industry and Security (BIS) further tightened export restrictions on AI accelerators to China and other countries of concern, including SaudiArabia, Russia, Iran, the United Arab Emirates, and Vietnam. Read Entire Article
Two former Twitter employees who were last fall charged with spying on behalf of the government of SaudiArabia may have charges against them dropped at the recommendation of US prosecutors, according to Bloomberg. Alzabarah fled the country in July 2015, while Almutairi remains in SaudiArabia.
Invygo, a startup operating in UAE and SaudiArabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. Roughly 200 cars are available for subscription in SaudiArabia and 100 in UAE on the platform on a typical day. million to date.
The United Arabs Emirates (UAE) and SaudiArabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. The startup is in the process of seeking approval from the Egyptian Tax Authority too.
Over 50,000 car owners across three markets — Egypt, the UAE and SaudiArabia — use Odiggo. CEO Omar said with this new round, Odiggo’s priority will be to attain consistent growth while expanding its team across the UEA, SaudiArabia and Egypt. The company also works directly with over 300 merchants.
The startup will hire local talents in SaudiArabia to expand further. The gaming industry is booming in SaudiArabia, with about 70% of Tamatem’s users, Hammo noted. . India, Egypt, SaudiArabia, Germany, Hungary, and Jordan. Big things are happening for the mobile games industry in the region.
The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEVP, and Vivium Holdings to expand its portfolio and launch in SaudiArabia and Egypt. The company first raised a $4 million seed round last year.
According to Bloomberg's Mark Gurman, Apple shell companies recently filled out trademark applications in the US, the United Kingdom, the European Union, Canada, Australia, New Zealand, SaudiArabia, Costa Rica and Uruguay for names including Reality Processor, Reality One and Reality Pro.
The startup has also expanded to SaudiArabia, where it will be headquartered henceforth, after raising $1.2 This latest round had the participation of Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam. million seed funding.
Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion The move comes in line with SaudiArabia’s “Vision 2030” plan , which lays out goals to reduce the nation’s dependence on hydrocarbons and promote the use of drones in services.
Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by SaudiArabia-headquartered Merak Capital. The three-year-old Egypt-headquartered company also has offices in SaudiArabia and Brazil; it just recently opened one in the latter.
Bloomberg first reported that Lucid Motors and Churchill — which is run by investor Michael Klein, who has architected deals for SaudiArabia in the past — were in talks back in January. Roughly $2.1 billion of that cash will come from Churchill.
Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on SaudiArabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into SaudiArabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We
Its two main markets are SaudiArabia and the UAE. Arab said SaudiArabia commands the lion’s share of the company’s transaction volume, driven by solid consumer adoption and increasing online transactions. What’s your BNPL startup really worth?
That injection of cash, plus subsequent investments from the fund, have given SaudiArabia majority ownership of Lucid Motors. (It In January 2021, Bloomberg reported that Lucid Motors was in talks with a SPAC run by financier Michael Klein, who used to work for Citi and has ties to SaudiArabia.
NBC News notes that in the past pro-SaudiArabia talking points have trended thanks to help from bot accounts. Algorithms will be used to try and stop spammy or abusive tweets from being pinned to a trending topic. The service’s trending section has also come under frequent criticism for helping to spread misinformation.
Though it launched with eyes on the Middle East and Africa, the company has only made efforts in some parts of the former (the UAE and SaudiArabia) while making significant headway into Central and Eastern Europe, particularly Turkey and Poland. TechCrunch gathered that Opontia has somewhat switched focus on its target market.
The company also noted that it recently signed a deal in which the government of SaudiArabia committed to purchase up to 100,000 electric vehicles from Lucid over the next 10 years. The agreement commits SaudiArabia to provide loans of up to $1.4 Lucid Motors Q1 2022 financials.
Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (U.A.E), and to kick-start its expansion to SaudiArabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation. The new funding follows the $1 million pre-seed backing it secured in February this year.
Recently, SaudiArabia has made some big investments in the gaming industry. Bloomberg reported in February that SaudiArabia’s Public Investment Fund (PIF) has taken stakes of more than 5 percent in both Capcom and Nexon — stakes that, combined, are worth more than $1 billion.
” Another one of those places is SaudiArabia, one of the world’s largest oil and gas producers, where Dragos has an office and now draws an investment. .’s transition out of the European Union would all but ensure that the new U.K.
A few weeks ago I had the opportunity to travel to SaudiArabia to teach a course at King Abdullah University of Science and Technology as part of the Winter Enrichment Program.
Dingdong Maicai, a New York-listed Chinese e-commerce company specializing in fresh groceries, has officially launched its international expansion with SaudiArabia as its first overseas market. Some roles are based in Riyadh, the capital of SaudiArabia. Sina.com, in Chinese ]
The test will be available to “a very small group of users” in Canada, the US, Japan, and SaudiArabia, Twitter said in a statement shared with The Verge after we first published this story. pic.twitter.com/V4qzMJMEBs — Twitter Support (@TwitterSupport) March 18, 2021.
Don’t Just Use Canva—Master It Whether you're running an agency in Dubai, coaching clients in Riyadh, or managing a side hustle in… Continue reading on Medium
After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and SaudiArabia. This is pocket-friendly for residents in these markets compared to single-rider options and helps reduce emissions (Swvl claims it has prevented over 240 million pounds of carbon emission since inception).
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