Drones, Technology Localization Top ‘AI’ Discussions in Riyadh

Saudi Arabia is hosting the International Exhibition and Conference for Artificial Intelligence and Cloud Computing from May 22 to 24. (Asharq Al-Awsat)
Saudi Arabia is hosting the International Exhibition and Conference for Artificial Intelligence and Cloud Computing from May 22 to 24. (Asharq Al-Awsat)
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Drones, Technology Localization Top ‘AI’ Discussions in Riyadh

Saudi Arabia is hosting the International Exhibition and Conference for Artificial Intelligence and Cloud Computing from May 22 to 24. (Asharq Al-Awsat)
Saudi Arabia is hosting the International Exhibition and Conference for Artificial Intelligence and Cloud Computing from May 22 to 24. (Asharq Al-Awsat)

Experts at the International Exhibition and Conference on Artificial Intelligence and Cloud Computing, held in Riyadh, discussed enhancing AI for the drone sector in smart cities and the possibility of localizing the technology in the Kingdom.

They also tackled mapping cloud digital transformation and the role of AI in the customer services industry, with the participation of several local, regional, and global companies.

Saudi Arabia aims to compete in global markets and against developed countries by enhancing sustainability, creating jobs, investing in entrepreneurship, attracting global investments in various fields, and incubating SMEs and large companies to support the Saudi economy, Prince Fahd bin Abdullah Al Saud, advisor to the Saudi Ministry of Interior, told Asharq Al-Awsat.

“The Kingdom seeks to fully digitize vital sectors and adopt technological transformation through plans based on providing technical solutions to improve performance, reduce costs and make all sectors in the Kingdom more efficient and smart,” Wafi bin Hammad Albalawi, vice president of the Saudi Electronic University, told Asharq Al-Awsat.

Albalawi pointed to a recent study conducted by the US-based company Accenture, which said that investment in artificial intelligence will increase the Saudi gross domestic product by 12.5 % and will inject more than $215 billion into the Saudi economy by 2035.

This can encourage the adoption of technology and innovation within Saudi SMEs, especially since the Kingdom enjoys the largest share in the digital industries market.

Saudi Arabia has continuously adopted digital transformation to serve its national transformation plan, dubbed Kingdom Vision 2030.

Maher Uday, a specialist in digital interaction systems at Avaya, which specializes in the customer services industry, stressed the acceleration of process automation in the field of customer service in general.

Uday predicted that, during the next two years, the automation of e-marketing will boom in various customer service fields.

This will affect a number of activities such as booking flights, ordering food from restaurants, booking a taxi, and purchasing other online products using AI.

Saudi Arabia is hosting the International Exhibition and Conference for Artificial Intelligence and Cloud Computing from May 22 to 24. The event features leaders and pioneers in the technology sectors, both in local, global government, and private institutions.

This conference is one of the most specialized and widely spread events globally and seeks to foster innovation and increase competitiveness.

It offers a platform for collaboration between AI leaders and investors to create a better future. The conference offers discussion panels and workshops that will address relevant topics such as artificial intelligence, data science, the internet, cybersecurity, big data, and more.

Saudi Arabia seeks to digitize many vital sectors and adopt technological transformation through steps based on digital solutions, to improve performance, reduce costs and raise efficiency, as well as create an attractive environment for investors and entrepreneurs.



Washington Urges Israel to Extend Cooperation with Palestinian Banks

A West Bank Jewish settlement is seen in the background, while a protestor waves a Palestinian flag during a protest against Israel's separation barrier in the West Bank village of Bilin in 2012. (AP)
A West Bank Jewish settlement is seen in the background, while a protestor waves a Palestinian flag during a protest against Israel's separation barrier in the West Bank village of Bilin in 2012. (AP)
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Washington Urges Israel to Extend Cooperation with Palestinian Banks

A West Bank Jewish settlement is seen in the background, while a protestor waves a Palestinian flag during a protest against Israel's separation barrier in the West Bank village of Bilin in 2012. (AP)
A West Bank Jewish settlement is seen in the background, while a protestor waves a Palestinian flag during a protest against Israel's separation barrier in the West Bank village of Bilin in 2012. (AP)

The United States on Thursday called on Israel to extend its cooperation with Palestinian banks for another year, to avoid blocking vital transactions in the occupied West Bank.

"I am glad that Israel has allowed its banks to continue cooperating with Palestinian banks, but I remain convinced that a one-year extension of the waiver to facilitate this cooperation is needed," US Treasury Secretary Janet Yellen said Thursday, on the sidelines of a meeting of G20 finance ministers in Rio de Janeiro.

In May, Israeli Finance Minister Bezalel Smotrich threatened to cut off a vital banking channel between Israel and the West Bank in response to three European countries recognizing the State of Palestine.

On June 30, however, Smotrich extended a waiver that allows cooperation between Israel's banking system and Palestinian banks in the occupied West Bank for four months, according to Israeli media, according to AFP.

The Times of Israel newspaper reported that the decision on the waiver was made at a cabinet meeting in a "move that saw Israel legalize several West Bank settlement outposts."

The waiver was due to expire at the end of June, and the extension permitted Israeli banks to process payments for salaries and services to the Palestinian Authority in shekels, averting a blow to a Palestinian economy already devastated by the war in Gaza.

The Israeli threat raised serious concerns in the United States, which said at the time it feared "a humanitarian crisis" if banking ties were cut.

According to Washington, these banking channels are key to nearly $8 billion of imports from Israel to the West Bank, including electricity, water, fuel and food.