Author: Editorial Team
The Saudi Central Bank (SAMA) licensed “jak almuqaddimah Company” to provide consumer finance. This addition brings the total number of finance companies licensed in Saudi Arabia to 75. This decision reflects SAMA’s endeavor to support and enable the finance sector, increase the efficiency and flexibility of financial transactions, and promote innovation in the financial services provided, with the aim of enhancing financial inclusion in Saudi Arabia and ensuring access to financial services for all segments of society. SAMA emphasizes the importance of dealing with financial institutions licensed or authorized by SAMA. This can be verified by visiting SAMA’s website. Source: Riyadh Daily
RIYADH — The Saudi Central Bank (SAMA) has mandated that all financing companies operating within the Kingdom provide notification to the Central Bank at least five working days prior to undertaking any investment round. These entities include financing companies, payment service providers, exchange bureaus, and entities supporting financing activities licensed by the Central Bank. The SAMA further stipulated that entities intending to conduct investment rounds must disclose all pertinent information, including the investment round’s timeline, purpose, value, and target audience, as well as a statement outlining its impact on the ownership structure and financial position of the non-bank financial institution.…
JEDDAH — Saudi Crown Prince and Prime Minister Mohammed bin Salman made a phone call on Monday with Nasser Abdrabbuh Hadi, son of the late former President of Yemen Abdrabbuh Mansur Hadi.During the call, the Crown Prince offered his sincere condolences and sympathy over the death of his father. The Crown Prince prayed to God Almighty to shower mercy on the deceased and accommodate him in His Paradise. Nasser Hadi expressed his deep thanks to the Crown Prince for his condolences and sympathy. Source: Saudi Gazette
He Tingbo, president of Huawei‘s semiconductors business department, recently outlined a design methodology set to be used in its upcoming Kirin chips. She backed this approach to provide the means for the company to continue to deliver cutting-edge silicon for mobile devices. In a speech delivered at the 2026 IEEE International Symposium on Circuits and Systems (ISCAS) in China, the scientist and Huawei director set out the Tau Scaling law which the company believes enables breakthroughs in transistor density and system performance. She explained the law proposes replacing geometric scaling with time scaling as a new guiding principle for the…
As this year’s pilgrims have departed the holy sites, the General Directorate of Civil Defense has already launched early preparations for the 1448 AH (2027) Hajj season by evaluating services provided to pilgrims throughout their journey, from arrival at entry points to the completion of rituals. The directorate, working alongside other sectors of the Ministry of Interior and government entities, conducted thousands of inspection visits to pilgrim accommodations and facilities over the past year to ensure compliance with safety and security requirements. Violations were addressed in accordance with applicable regulations and instructions. In past eras, pilgrims faced arduous land and sea journeys…
Did you miss tahawulTech Friday Brief? Don’t worry — you can now watch the recording of our latest TahawulTech Friday Brief LinkedIn Live session. This edition featured Aditya Kaushik, Technology Leader, CIO and Digital Transformation Strategist, ZMi Holdings, in conversation with Sandhya D’Mello, Technology Editor, CPI Media Group, and Daniel Shepherd, Deputy Editor, Technology Division. The discussion explored AI integration, ICT governance, operational resilience and future-ready digital leadership. Watch the recording nowTahawulTech Friday Brief | LinkedIn Live Source: Tahawul Tech
MAKKAH — As pilgrims have departed the holy sites at the end of the annual pilgrimage of Hajj, the General Directorate of Civil Defense has launched early preparations for the 2027 Hajj season. This is through evaluation of services provided to pilgrims throughout their journey, from arrival at entry points of Saudi Arabia to the completion of rituals. The directorate, working alongside other sectors of the Ministry of Interior and government entities, conducted thousands of inspection visits to pilgrim accommodations and facilities over the past year to ensure compliance with safety and security requirements. Violations were addressed in accordance with…
RIYADH — The Ministry of Foreign Affairs expressed Saudi Arabia’s condemnation of the Israeli aggression against the Lebanese territories. In a statement, the ministry reiterated the Kingdom’s categorical rejection of the Israeli incursion into Lebanese land and violation of Lebanon’s sovereignty. Saudi Arabia called on the international community to uphold its responsibility in halting this aggression and putting an end to Israeli military movements aimed at expanding into Lebanese territory. It stressed the importance of safeguarding Lebanon’s sovereignty and the security of the Lebanese people in accordance with relevant international agreements.In this regard, the Kingdom reaffirmed the importance of adhering…
As this year’s pilgrims have departed the holy sites, the General Directorate of Civil Defense has already launched early preparations for the 1448 AH (2027) Hajj season by evaluating services provided to pilgrims throughout their journey, from arrival at entry points to the completion of rituals. The directorate, working alongside other sectors of the Ministry of Interior and government entities, conducted thousands of inspection visits to pilgrim accommodations and facilities over the past year to ensure compliance with safety and security requirements. Violations were addressed in accordance with applicable regulations and instructions. In past eras, pilgrims faced arduous land and sea journeys…
Abu Dhabi — The National Experts Program – AI Track (NEP-AI) begins this June, accelerating the UAE’s National AI Strategy 2031 to embed AI across government operations and vital strategic sectors. NEP-AI supports five strategic priorities under the UAE National AI Strategy 2031: strengthening the UAE’s position as a global AI hub, increasing competitiveness across priority sectors through applied AI, accelerating AI adoption in government services, developing Emirati talent for AI-enabled roles, and connecting advanced research, data, and infrastructure capabilities to real-world implementation across industries. The program brings together Emirati professionals from 25 priority sectors, such as Agentic AI, Data Economy and Monetisation Models,…