عربي English Türkçe اردو فارسى
Logo
Latest News
Business

SDAIA Concludes GAIN Summit in Riyadh with Local, Int’l Agreements

The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. SPA
The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. SPA
TT
TT

SDAIA Concludes GAIN Summit in Riyadh with Local, Int’l Agreements

The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. SPA
The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. SPA

The third edition of the Global AI Summit (GAIN Summit), organized by the Saudi Data and Artificial Intelligence Authority (SDAIA) from September 10 to 12 at the King Abdulaziz International Conference Center in Riyadh brought together hundreds of specialists and enthusiasts in artificial-intelligence (AI) technologies and applications worldwide under the theme "Artificial Intelligence for the Good of Humanity."

AT the summit, SDAIA President Dr. Abdullah bin Sharaf Al-Ghamdi highlighted the Saudi leadership's commitment, under the guidance of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Chairman of the SDAIA Board of Directors, to position Saudi Arabia as a leader in the field of AI.

The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. The sessions unveiled the latest developments in the field, emphasizing that innovations in AI have far-reaching impacts not just technologically but also on geopolitical, political, and legislative domains. Furthermore, it was stressed that developments in AI should align with sustainable development and equality in education.

Several AI initiatives, programs, and products were unveiled during the summit, and agreements and memoranda of understanding (MoUs) were signed to bolster its applications and development within the Kingdom.

The third edition of the GAIN Summit concluded with a speech by National Information Center Director Dr. Esam bin Abdullah Al-Wagait, who highlighted the participation of 465 speakers and participants from over 100 countries and how the summit explored the latest developments shaping the future of AI.

Moreover, he underscored the global significance of announcements made during the summit, such as the work of the United Nations (UN) High-Level Advisory Body on Artificial Intelligence, the partnership of the UN International Telecommunication Union (ITU) with the Kingdom to develop a global framework for AI readiness, and the announcement of the Riyadh Charter on Artificial Intelligence for the Islamic World issued by the Islamic World Educational, Scientific and Cultural Organization (ICESCO) in collaboration with the Organization for Economic Co-operation and Development (OECD) on the Observatory on Artificial Intelligence.

Al-Wagait also highlighted important AI projects that emerged during the summit, including the Arabic Large Language Model (ALLaM), aimed at developing the best large Arabic language model in the world, and the cooperation with NVIDIA to expand the scope of AI infrastructure using 5,000 graphics processing units. Additionally, educational integration initiatives were announced, such as cooperation with the Ministry of Education to integrate the ALLaM Model into the Kingdom's education system, providing support tools for teachers and leveraging AI technology for self-learning.

Most Viewed

 
 
Business

Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
TT
TT

Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.

Business

Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
TT
TT

Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.

Business

Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
TT
TT

Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.