Saudi Arabia Seeks Developing Judicial Sector with AI

Three foreign law firms were granted licenses to operate in the Kingdom at the International Conference on Justice in Riyadh on Sunday (Asharq Al-Awsat)
Three foreign law firms were granted licenses to operate in the Kingdom at the International Conference on Justice in Riyadh on Sunday (Asharq Al-Awsat)
TT

Saudi Arabia Seeks Developing Judicial Sector with AI

Three foreign law firms were granted licenses to operate in the Kingdom at the International Conference on Justice in Riyadh on Sunday (Asharq Al-Awsat)
Three foreign law firms were granted licenses to operate in the Kingdom at the International Conference on Justice in Riyadh on Sunday (Asharq Al-Awsat)

In a first, the Saudi government granted three foreign law firms licenses to operate in the Kingdom as it seeks developing the justice sector and anticipates the future of technologies and artificial intelligence in the courts.

This followed Saudi Arabia bringing together several ministers, officials, experts, jurists, and international specialists at the International Conference on Justice in Riyadh on Sunday.

Participants at the conference discussed the importance of digital transformation in accordance with the highest legal guarantees.

Speaking about Saudi Arabia’s digital legal experience, Saudi Justice Minister Walid Al-Samaani revealed that the Kingdom had held more than six million documented video sessions and issued more than two million verdicts from various courts.

Al-Samaani reaffirmed that transparency was ensured in the process.

The minister said that Saudi Arabia had worked under the vision led by Crown Prince Mohammad bin Salman bin Abdulaziz to develop all sectors--including the justice sector-- by supporting digital innovations and launching development projects that enhance the values of justice and transparency, improve user experience and speed up judicial processes.

Al-Samaani stated that the conference aims to enrich knowledge about the future of technologies in accordance with the highest legal guarantees. It also seeks to build justice partnerships, exchange experiences, and develop justice capabilities around the world.

He added that the Kingdom’s legal sector seeks “to raise efficiency of judicial procedures” while working with international experts.

Al-Samaani added that the sector has great opportunities for developing supportive technologies that enhance judicial guarantees.

“The change in digital transformation is a reality. What is an option now, after five years, will not be an option,” stressed the minister.

However, Al-Samaani explained, technology cannot replace humans or human thinking regardless of its advancement.

Themed “Enhancing Access to Justice through the Use of Digital Technologies,” the two-day conference aims to develop the justice sector, experiences, and the exchange of knowledge to facilitate access to justice.

The conference is presenting valuable insights on the best ways to benefit from technology to improve the performance of courts and justice sectors around the world. It also is discussing challenges and finding solutions that improve the quality of services.

Al-Samaani affirmed that digital transformation will become a reality in all sectors. Stressing that the transformation is an opportunity rather than a challenge, the minister said that it will facilitate access to justice and contribute to achieving better results.



Gold Firms; Focus on US Data for Cues on Fed's Policy Path

FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
TT

Gold Firms; Focus on US Data for Cues on Fed's Policy Path

FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo

Gold prices hovered near a four-week peak on Thursday, while focus shifted to jobs report due on Friday for clarity on the Federal Reserve's 2025 interest rate path.
Spot gold edged 0.1% higher to $2,664.30 per ounce, as of 0732 GMT. US gold futures rose 0.4% to $2,681.80
"Prices are trading in a narrow range ... A new trigger is needed for gold to breach its resistance," said Ajay Kedia, director at Kedia Commodities in Mumbai.
The bullion hit a near four-week high in the previous session after a weaker-than-expected US private employment report hinted that the Fed may be less cautious about easing rates this year.
The market now awaits US jobs report on Friday for more cues on the Fed's policy path.
Investors are also awaiting Donald Trump to take office on Jan. 20 and his proposed tariffs and protectionist policies are expected to fuel inflation.
Policymakers at the Fed's last meeting also "noted that recent higher-than-expected readings on inflation, and the effects of potential changes in trade and immigration policy, suggested that the process could take longer than previously anticipated," the minutes showed on Wednesday.
Bullion is considered an inflationary hedge, but high rates reduce the non-yielding asset's allure.
"We believe the bulk of the rally has been put in and that while gold's upward momentum may carry it higher in the near term and in early 2025, a combination of physical and financial market factors may tame the rally and drive gold moderately lower by the end of next year," HSBC said in a note.
Elsewhere, physically-backed gold exchange-traded funds (ETFs) registered their first inflow in four years, the World Gold Council said.
Spot silver added 0.2% to $30.17 per ounce, platinum dropped 0.3% to $952.54 and palladium shed 0.8% to $921.37.