Author: Editorial Team
Saudi Ambassador to the Kingdom of Bahrain Naif bin Bandar Al-Sudairi bid farewell today to a group of pilgrims traveling aboard Saudia flights to perform Hajj rituals for this year, in the presence of Bahraini Minister of Justice and Islamic Affairs Nawaf bin Mohammed Al Maawda. Al Maawda emphasized the importance of joint efforts and ongoing coordination between Bahrain and Saudi Arabia in serving pilgrims. He praised the comprehensive capabilities and distinguished services provided by Saudi Arabia to the pilgrims, reflecting the Kingdom’s continuous care for the Two Holy Mosques and their visitors. Al-Sudairi expressed his wishes for the pilgrims…
Mistral AI, a French company, recently entered into a deal to acquire Austrian start-up Emmi AI. This move is part of a larger strategy to expand Mistral’s offering to industrial customers in Europe. Founded in 2024, Emmi AI develops models to improve operations across various sectors including aviation, energy, semiconductors and automotive, using its engineering capabilities to adapt and train AI based on data provided by customers. It raised €15 million in an Austrian funding round in 2025, pumping cash into models dealing with complex areas such as airflow and heat transfer, Reuters reported. In a statement announcing the sale…
RIYADH — Saudi Arabia’s Capital Market Authority has referred 17 suspects linked to Cenomi Retail to the Public Prosecution over suspected violations of the Capital Market Law, Market Conduct Regulations and Companies Law. The suspects include former and current board members, a chief executive officer, several financial managers at the company, and members of the audit team at the company’s former external auditor. The CMA said the Public Prosecution has already filed a penal case against the suspects before the Committee for Resolution of Securities Disputes. According to the authority, the referral followed a decision by the CMA board based…
RIYADH — Saudi Arabia’s Capital Market Authority announced the issuance of a final ruling against 11 former board and audit committee members of Middle East Healthcare Company over violations related to manipulation of the company’s financial statements between 2018 and 2021. The ruling was issued by the Appeal Committee for the Resolution of Securities Disputes and included collective fines totaling nearly SR18 million, along with work bans for several of the convicted individuals. According to the CMA, the violations involved breaching Article 49(a) of the Capital Market Law and Article 7 of the Market Conduct Regulations through inflating the company’s…
Less than 20 minutes after an Air India Express flight took off from Dubai on May 12, panic spread inside the cabin. A 32-year-old passenger collapsed and had become unresponsive. As frightened passengers stood up in confusion, Akilaoviyan Neelakandan, a nurse at RAK Hospital, rushed ahead from the back of the aircraft to help stabilise the man. She used limited medical supplies available onboard, monitoring him continuously for nearly two hours until the flight landed safely in India. Neelakandan was travelling home for her first vacation and was only on her second-ever flight when cabin crew announced that a medical…
King Faisal Specialist Hospital and Research Centre (KFSH) has successfully applied a fertility-preserving surgical technique, used for the first time in the Middle East, to treat adenomyosis, marking a major advancement in reproductive surgery. The procedure enabled surgeons to remove diseased tissue while preserving the uterus in a patient who had suffered recurrent miscarriages and difficulty conceiving, ultimately leading to a successful pregnancy after treatment with IVF, and the birth of a healthy baby. The mother was later discharged in stable condition. The technique involves removing adenomyotic tissue from the muscular wall of the uterus while preserving the uterine lining,…
Neha Gupta, Chief Financial Officer, Core42. UAE-headquartered AI infrastructure operator strengthens capital base to scale cloud and compute deployments across the United States and Europe Abu Dhabi — Core42, a G42 company specialising in sovereign cloud and AI infrastructure, today announced the successful arrangement of two structured trade finance facilities amounting to $550 million with HSBC to accelerate its AI cloud and compute deployments across the United States and Europe. The facilities of $240 million and $310 million were completed in February 2026 and May 2026, respectively. The facilities have been purpose-built to support Core42’s capital intensity and deployment cycles of AI cloud infrastructure. Structured to enable strategic flexibility, both facilities are non-equity dilutive and reinforce Core42’s disciplined capital…
RIYADH — Saudi Arabia’s non-oil exports, including re-exports, jumped by 21.5 percent in March 2026 compared to the same month in 2025, while national non-oil exports, excluding re-exports, declined by 27 percent. According to the data released by the General Authority for Statistics (GASTAT), the total value of merchandise trade reached SR173 billion in March 2026. Merchandise exports amounted to around SR115 billion, while imports totaled approximately SR58 billion, resulting in a merchandise trade surplus of roughly SR57 billion for the month. The GASTAT’s International Trade Report for March 2026 highlighted that the value of re-exported goods increased by 2.5…
JEDDAH — The National Center for Meteorology (NCM) announced that it is continuing to advance its digital and innovative services during the current Hajj season by integrating artificial intelligence (AI) technologies into weather forecasts and awareness bulletins. Additionally, the center has launched specialized reports and a multilingual application to enhance the quality of climate services provided to pilgrims. Dr. Turki Habibullah, director general of Research, Development, and Innovation at the NCM, stated that the center began utilizing AI technologies in weather forecasting last year, entirely leveraging Saudi expertise. He emphasized that the technology has demonstrated exceptional efficiency compared to the…
A viral skincare product, a glowing influencer review, and a long ingredient list are usually enough to convince consumers to click “add to cart.” But UAE resident Aishwarya Tyagi wants shoppers to pause before spending. The founder recently launched Data of Beauty, an Instagram and Substack platform that reviews beauty and skincare products using clinical studies, ingredient analysis, and marketing audits rather than traditional influencer recommendations. Speaking to Khaleej Times, Tyagi said the idea came after years of watching beauty marketing blur the line between science and sales. “Beauty marketing is incredibly clever. At its best, it sits right at…