Riyad Capital, one of the Kingdom’s largest asset managers and a leading company in real estate investment, announces the signing of an agreement to establish a c. US$ 400 million (SR1.5 billion) real estate fund in partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company. The project spans a land area of 32,000 square meters and is designed as a mixed-use development comprising hospitality, office, residential, and retail components. The project, classified as a Transit-Oriented Development (TOD), is strategically located approximately 250 meters from Al Takhassusi Metro Station, supporting the development of an integrated…
Author: Editorial Team
The European Parliament and member states have recently agreed to amend certain elements of the bloc’s landmark AI Act and delay its implementation, following pressure from various entities across the technology ecosystem. A statement released by the council of the European Union explained the rules had been simplified and streamlined, part of a wider drive from the European Commission to loosen digital rules. Amendments include pushing the timeline for applying rules on so-called high-risk AI systems by up to 16 months, which covers those using biometrics or related to critical infrastructure. Previously, it had a timeline to implement the rules…
When Iskandarbek Narzibekov moved his family from London to Abu Dhabi in 2023, colleagues questioned the logic. The restaurateur had built a portfolio of acclaimed dining concepts across the British capital through his Pachamama Group, and conventional wisdom suggested the Gulf imported restaurant brands rather than creating them. Three years later, his Abu Dhabi-founded brand Soraya is preparing to reverse that flow, launching in London as a one-of-a-kind restaurant concept born in the UAE capital designed specifically for international export. “For years everyone thought the region only imports names,” Narzibekov told Khaleej Times. “I want to prove something else. You…
RIYADH — Custodian of the Two Holy Mosques King Salman has approved the addition of a women’s segment to the 46th King Abdulaziz International Competition for Memorization, Recitation, and Interpretation of the Holy Qur’an. This approval was based on a recommendation made by Minister of Islamic Affairs, Call and Guidance, and General Supervisor of the Local and International Qur’an Competitions Sheikh Abdullatif Al-Sheikh. The ministry is organizing the competition at the Grand Mosque in Makkah. The King’s decision represents a significant development in the competition’s history since its inception in 1399 AH. This addition of women enhances the competition’s inclusiveness…
Dushyanth Gummalam. Early in my tenure at Beyond ONE I witnessed small digital moments that revealed the profound impact of connectivity. I remember a user effortlessly sending money home while checking messages on their phone. On another occasion at a café, a group of friends compared exchange rates and completed an international transfer in under a minute. These moments may seem simple, yet they reflect something fundamental: technology works best when it dissolves friction, respects human intent and connects people to what matters most. In the UAE and Saudi Arabia, mobile wallets are becoming part of daily life for millions. They allow…
Under the patronage of Minister of Culture Prince Bader bin Abdullah bin Farhan, the Music Commission concluded the “Marvels of Saudi Orchestra” concert in Rome, Italy. Held at the Colosseum, it featured a performance by world-renowned tenor Andrea Bocelli. The concert brought together 32 musicians from the Saudi National Orchestra and Choir and 30 from an Italian orchestra for a joint performance that reflected cultural exchange. The Rome concert is part of the “Marvels of Saudi Orchestra” initiative to enhance the Kingdom’s global cultural presence and to celebrate and showcase its musical identity. Source: Riyadh Daily
RIYADH — Minister of Industry and Mineral Resources Bandar Alkhorayef held on Sunday a virtual meeting with Minister of Industry, Trade and Supply of Jordan Yarub Alqudah. During the meeting, they discussed opportunities to strengthen industrial partnerships between the two kingdoms and expand joint investments in priority industries. The meeting underscored the depth of the fraternal ties and strong economic relations between the two countries, which serve as an important foundation for enhancing industrial cooperation and advancing industrial integration toward broader horizons that fulfill the aspirations of the leaderships and shared interests of both countries. The two sides reviewed ways…
MAKKAH — Hajj security forces arrested a Saudi citizen for transporting three Egyptian residents in violation of Hajj regulations and instructions. The four were apprehended while the citizen was attempting to transport the Egyptians into Makkah by bypassing security checkpoints through valleys without obtaining Hajj permits. Legal measures were taken against the arrested people. Public Security urged everyone to comply with Hajj regulations and instructions, and to report violations by calling 911 in the regions of Makkah, Madinah, Riyadh, and the Eastern Province or 999 in the rest of the Kingdom. Source: Saudi Gazette
Before the heat fully settles in, a quiet transformation begins across Dubai, as Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum directs a wider planting of flame trees across the city, marking the start of the summer bloom. On Saturday, the Crown Prince of Dubai shared a reflective video capturing the essence of the season, describing it as a presence that “doesn’t knock on doors” but arrives gently, becoming part of daily life before people even realise it. Stay up to date with the latest news. Follow KT on WhatsApp Channels In summer, when the Flame Tree blooms in Dubai,…
Collaboration focuses on ecosystem depth and local sector expertise to drive market growth in the Kingdom. Riyadh — Huawei today announced a strategic partnership with GAPP, appointing the company as its official cloud solutions distributor in the Kingdom of Saudi Arabia. The agreement grants GAPP’s established network of sector partners structured access to Huawei Cloud’s full portfolio, including AI, cloud-native infrastructure, and disaster recovery capabilities, through a locally anchored distribution model tailored to the country’s regulatory and operational requirements. “Through our strategic partnership with GAPP as our cloud solutions distributor, Huawei Cloud enables GAPP and local resellers in KSA to drive growth and gain three irreplaceable advantages: access to a new…