Browsing: GCC

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, stated that Dubai has become a hub for sustainability and innovation due to the various events and exhibitions it hosts annually. These events attract leading minds and showcase innovations across diverse sectors, including construction, where fourth industrial revolution technologies like AI are employed to build resilient infrastructure crucial for sustainable development.

The Kuwait Petroleum Corporation (KPC) reported a decrease in the price of Kuwaiti oil on Friday, falling by US$2.44 to $82.27 per barrel, as opposed to the previous day’s $84.71 per barrel. As outlined by the Kuwait News Agency (KUNA), Brent Crude and West Texas Intermediate experienced increases in the global markets, rising by $3.19 and $2.99. They settled at $80.61 per barrel and $75.89 per barrel, respectively, according to WAM.

Connecting Saudi Arabia’s capital to the global stage through a focus on “point-to-point” travel is the central goal of Riyadh Air’s Chief Operating Officer, Peter Bellew. In a discussion with Gulf Business at the Dubai Airshow, Bellew highlighted Riyadh Air’s commitment to setting itself apart in the region through digital operations, a technologically skilled staff, and passenger-centric attitudes.

Google officially activates its latest cloud region in Saudi Arabia, marking the kingdom’s inclusion in its network of 39 global regions. Established in 2008, Google Cloud provides a range of services, including computing, data storage, analytics, machine learning, and management tools. Research commissioned by Google suggests a significant impact on Saudi Arabia’s digital economy, projecting a $109B impact and the potential addition of 148,600 jobs by 2030.