LEAP Returns to Riyadh in March for its Third Edition

Riyadh will host the third edition of LEAP, the world’s most attended tech event, from March 4 to 7. (SPA)
Riyadh will host the third edition of LEAP, the world’s most attended tech event, from March 4 to 7. (SPA)
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LEAP Returns to Riyadh in March for its Third Edition

Riyadh will host the third edition of LEAP, the world’s most attended tech event, from March 4 to 7. (SPA)
Riyadh will host the third edition of LEAP, the world’s most attended tech event, from March 4 to 7. (SPA)

Riyadh will host the third edition of LEAP, the world’s most attended tech event, from March 4 to 7.

Held under the theme "Into New Worlds", the event is organized by the Ministry of Communications and Information Technology, the Saudi Federation for Cybersecurity, Programming, and Drones, Tahaluf company, and the Small and Medium Enterprises General Authority (Monsha'at).

According to a press release issued by the organizing committee of the event, this year’s edition features expert speakers such as IBM Chairman Arvind Krishna, HPE CEO Antonio Neri, and Zoom Video Communications CEO Eric Yuan.

The event is slated to cover a wide array of topics across multiple stages, including Investor Stage and Main Stage, with discussions following web 3, unicorns and tech giant strategies, and user privacy in technology, along with a large variety of tracks, such as EduTech, RetailTech, FinTech, HealthTech, 4IR, Future Energy, and Smart cities.

DeepFest returns for its second edition at LEAP, in partnership with Saudi Data & AI Authority (SDAIA); more than 150 speakers and 120 exhibitors will take part.

AI is the focus of the event. The dawn of AI, foundations and breakthroughs; AI achievements, applications and impact; AI frontier, innovations and emerging technologies; and AI’s future, collaborations, ethics and sustainability will be tacked over the course of the four days.

LEAP will host more than 1,800 global tech exhibitors, such as Google, Microsoft, Oracle, Dell, Cisco, Avaya, SAP, ServiceNow, Amazon Web Services, IBM, Alibaba, and Huawei.

Vice Minister of Communications and Information Technology Eng. Haitham AlOhali said: “We welcome thought leaders, influencers, investors, and innovators from around the world to LEAP. This edition arrives at a time when variables are accelerating, and generative artificial intelligence is a critical turning point at the economic and social levels.”

“The event will feature 10 stages discussing various aspects of technology, including health, education, and e-commerce,” he added.

Saudi Federation for Cybersecurity, Programming, and Drones CEO Muteb Alqani said: “We are keen to present a special experience to our visitors, as we will gather top speakers and tech experts from around the world.”

“This event has been created to empower technology globally; therefore, the upcoming edition brings together the largest tech companies, startups, and investors, all under one roof, which has the potential to lead to numerous investments and launches,” he stated.

Over 1,000 speakers, 600 startups, and 172,000 are expected to attend the event.



Tel Aviv Shares Hit Record Highs after US Strikes Iran Nuclear Sites

A Tel Aviv Stock Exchange sign is seen at the bourse in Tel Aviv, Israel November 4, 2020. REUTERS/Amir Cohen/File Photo
A Tel Aviv Stock Exchange sign is seen at the bourse in Tel Aviv, Israel November 4, 2020. REUTERS/Amir Cohen/File Photo
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Tel Aviv Shares Hit Record Highs after US Strikes Iran Nuclear Sites

A Tel Aviv Stock Exchange sign is seen at the bourse in Tel Aviv, Israel November 4, 2020. REUTERS/Amir Cohen/File Photo
A Tel Aviv Stock Exchange sign is seen at the bourse in Tel Aviv, Israel November 4, 2020. REUTERS/Amir Cohen/File Photo

Israeli stocks hit record highs on Sunday after the US attacked Iran's nuclear sites in strikes investors believe would likely prevent Tehran from developing nuclear weapons anytime soon.

The broad Tel Aviv 125 index closed 1.8% higher, extending gains to nearly 8% the past week, while the blue-chip TA-35 gained 1.5%.

On the heels of Israeli strikes in Iran, shares rose during all five sessions last week, gaining some 6%, as Israel hit Iranian nuclear and military targets prior to Saturday's surprise US attacks, Reuters reported.

"The destruction of Iran's key nuclear facilities by the US military is, of course, a positive development ... in terms of improving the regional security environment and reducing Iran’s military and nuclear capabilities," said Mizrahi Tefahot chief markets economist Ronen Menachem. "It's a game-changer."

Israel began its punishing attacks on Iranian nuclear facilities, ballistic missile factories and military commanders on June 13, which have been met with retaliatory Iranian strikes against Israel.

US President Donald Trump said he had "obliterated" Iran's main nuclear sites in strikes overnight with massive bunker busting bombs, joining an Israeli assault in a significant new escalation of conflict in the Middle East.

Tehran vowed to defend itself, and responded with a volley of missiles at Israel that wounded scores of people and destroyed buildings in Tel Aviv on Sunday.

In addition to gains in shares, government bond prices have risen, the shekel has appreciated and Israel's risk premium has edged lower.

Bond prices increased as much as 0.2% on Sunday. The shekel does not trade on Sunday but it has rallied from 3.61 per dollar on June 11 to 3.48 on Friday and is up some 1% this month.