萝莉视频

GAMI, GACA sign deal to enable advanced air mobility in 萝莉视频

GAMI, GACA sign deal to enable advanced air mobility in 萝莉视频
GAMI Governor Ahmed Al-Ohali, and Abdulaziz Al-Duailej, president of GACA. SPA
Short Url
Updated 16 October 2024

GAMI, GACA sign deal to enable advanced air mobility in 萝莉视频

GAMI, GACA sign deal to enable advanced air mobility in 萝莉视频
  • Deal focuses on collaboration with the Advanced Air Mobility project to develop systems to enable advanced flight modes in the Kingdom
  • Agreement includes exchanging scientific and practical expertise between the two parties

RIYADH: Technology supporting vertical take-off and landing aircraft and unmanned planes will be developed in 萝莉视频 thanks to a new agreement between the Kingdom鈥檚 military and aviation authorities.
The General Authority for Military Industries has signed a memorandum of understanding with the General Authority of Civil Aviation to develop advanced technologies and boost industrial capabilities in these areas.

The agreement focuses on collaboration with the Advanced Air Mobility project, which aims to develop systems to enable advanced flight modes in the Kingdom, according to the Saudi Press Agency.聽

The MoU was signed at GAMI鈥檚 headquarters in Riyadh by the authority鈥檚 governor, Ahmed Al-Ohali, and Abdulaziz Al-Duailej, president of GACA.

The agreement includes exchanging scientific and practical expertise between the two parties, emphasizing the development of working groups for related activities, conducting workshops, providing training, and sharing knowledge.

The partnership also covers traffic procedures for uncrewed airliners.

The collaboration aims to expand opportunities for maintenance and repair service projects to support the aviation sector, contributing to the long-term sustainability and growth of the industry.

The MoU is part of the GAMI鈥檚 ongoing efforts to regulate and support the localization and advancement of the military industries sector, with a particular focus on aerial mobility.

The move also underscores the body鈥檚 collaborative approach, working closely with supportive government entities to foster cooperation and exchange expertise, all in line with the broader goals of Saudi Vision 2030.

The agreement also aims to support the strategic goals of the aviation sector, which are spearheaded by GACA.

These objectives focus on building partnerships to provide safe, sustainable, and efficient transportation solutions within a regulatory framework that follows international best practices.

GACA is working with leading local and global manufacturers to establish a strong regulatory framework that ensures the safe and efficient operation of vertical takeoff and landing aircraft, as well as the implementation of advanced air mobility technologies.

In September, Al-Duailej said during the International Civil Aviation Organization Advanced Air Mobility Symposium that was held in Montreal, Canada, that cutting-edge aviation is on track to transform the transportation, tourism, and health care systems in 萝莉视频 and across the world,

He underlined that the Kingdom is committed to a global leadership role in the field.

In 2023, the industry鈥檚 market value reached $9.7 billion, with projections forecasting a climb to $50 billion by 2032.

This corresponds with over 200 cities in 57 countries planning to implement this technology, necessitating a unified global approach in regulation, technology, and investment.


萝莉视频 climbs to 46th in UN Global Innovation Index聽

萝莉视频 climbs to 46th in UN Global Innovation Index聽
Updated 22 sec ago

萝莉视频 climbs to 46th in UN Global Innovation Index聽

萝莉视频 climbs to 46th in UN Global Innovation Index聽

RIYADH: 萝莉视频 has increased its ranking in the latest Global Innovation Index to 46 out of 139 countries as the Kingdom deepens its push to become a regional hub for research and technology. 

The rise of one place compared to the previous year鈥檚 list from the UN鈥檚 World Intellectual Property Organization continues 萝莉视频鈥檚 upward trend in recent years, moving from 66th in 2021, to 51, then 48, and 47.

The annual ranking placed 萝莉视频 40th among 51 high-income economies, citing progress in market sophistication, policy stability, and stronger collaboration between universities and industry. 

The report stated that innovation performance in the Middle East is 鈥済aining ground,鈥 with the UAE advancing to 30th place and Qatar ranked 48th.

It added: 鈥溌芾蚴悠 and Qatar also benefit from high input scores 鈥 ranking 31st and 34th, respectively 鈥 driven by strengths in areas such as market sophistication, policy stability, and university鈥搃ndustry collaboration.鈥 

The report showed 萝莉视频 ranked 5th for creating a business-friendly environment and 12th in policy stability for doing business. In human capital and research, the Kingdom placed 35th, while it secured 36th in the infrastructure pillar. 

In April, a report from the US Chamber of Commerce said 萝莉视频 made significant progress in the 2025 Global Intellectual Property Index, with its score rising 17.5 percent, making it one of the fastest-improving economies among the 55 assessed. 

In June, Startup Genome, in collaboration with the Global Entrepreneurship Network, reported that Riyadh climbed 60 places in three years to reach 23rd in its list of the top 100 emerging ecosystems. 

According to the WIPO report, Qatar stands out as a global hub for international talent, ranking first in tertiary inbound mobility, coupled with strong performance in information and communication technology adoption. 

Among Middle East and North Africa countries, Morocco ranked 57th, followed by Bahrain at 62nd, Jordan at 65th, and Kuwait at 73rd. 

Globally, Switzerland led the index, followed by Sweden in second place and the US in third. 

The rest of the top 10 were South Korea, Singapore, and the UK, as well as Finland, the Netherlands, Denmark, and China. 

鈥淕II 2025 maps the contours of innovation across the world, showing us that the fastest-advancing economies in the GII are those that view innovation as a fundamental engine of resilience, growth and competitiveness,鈥 said Daren Tang, director general of World Intellectual Property Organization. 

He added: 鈥淭his year鈥檚 GII reveals both encouraging progress as well as challenges that still need to be addressed for countries to fully harness their innovation potential.鈥


Saudi point-of-sale spending holds firm above $3bn 聽

Saudi point-of-sale spending holds firm above $3bn 聽
Updated 17 September 2025

Saudi point-of-sale spending holds firm above $3bn 聽

Saudi point-of-sale spending holds firm above $3bn 聽

RIYADH: 萝莉视频鈥檚 point-of-sale transactions held above the $3 billion mark for a 12th straight week, supported by resilient consumer demand for food and beverages, official data showed. 

The Saudi Central Bank, known as SAMA, reported that POS spending totaled SR13.10 billion ($3.49 billion) in the week ending Sept. 13, with the number of transactions at 231.05 million. 

While this represents a 12.3 percent weekly drop in spending, and a 4.7 percent fall in transactions, the headline figures do underscore consumer confidence and the Kingdom鈥檚 ongoing digital transformation of payments, supported by initiatives under Vision 2030. 

This marks a key milestone in 萝莉视频鈥檚 cashless economy ambitions under the Financial Sector Development Program. 

Food and beverages remained the top category, accounting for SR1.96 billion in sales despite a 13.1 percent decline. Restaurants and cafes registered SR1.57 billion, down 6.1 percent, while gas stations fell 5.6 percent to SR1.02 billion. Transportation transactions dropped 8.1 percent to SR966.76 million. 

The sharpest drop was in the education sector, where POS value stood at SR285.12 million, marking a weekly decline of 57.6 percent. 

Spending on professional and business services reached SR912.58 million, while apparel, clothing, and accessories totaled SR902.67 million. 

The healthcare sector recorded a weekly decline of 5.8 percent to SR876.34 million. 

Geographically, 萝莉视频鈥檚 capital Riyadh dominated POS transactions, with a value of SR4.65 billion and 75.95 million operations. Compared with the previous week, however, spending in the capital fell 10 percent. 

In Jeddah, POS transactions amounted to SR1.84 billion, down 12.4 percent, while Dammam recorded SR663.98 million. Makkah and Madinah registered SR506.11 million and SR496.20 million, respectively. 

Al-Khobar posted SR376.90 million, while Buraidah and Abha stood at SR318.46 million and SR167.80 million, respectively. 

The latest SAMA data indicates that consumer confidence in the Kingdom remains firm despite global economic headwinds, lending crucial support to 萝莉视频鈥檚 broader economic transformation agenda. 

In April, the central bank reported that non-cash retail transactions in 萝莉视频 reached 12.6 billion in 2024, up from 10.8 billion in 2023, highlighting the continued expansion of electronic payment systems across the Kingdom. 


ADNOC deploys AI system for oil terminals

ADNOC deploys AI system for oil terminals
Updated 16 September 2025

ADNOC deploys AI system for oil terminals

ADNOC deploys AI system for oil terminals
  • Developed by Innovez One, a leading port management system provider, the technology optimizes resource allocation and enables real-time tracking of marine activities across ADNOC L&S鈥檚 UAE ports

RIYADH: ADNOC Logistics and Services has launched the Gulf Cooperation Council鈥檚 first AI-powered Smart Port Solution to enhance petroleum port operations, according to the Emirates News Agency.

Developed by Innovez One, a leading port management system provider, the technology optimizes resource allocation and enables real-time tracking of marine activities across ADNOC L&S鈥檚 UAE ports, including Das, Zirku, Mubaraz, Ruwais, and Jebel Dhana.

The solution slashes vessel turnaround time by up to 90 percent, reducing service sourcing from three hours to 45 seconds. It is projected to save 3,000 hours annually, yielding operational savings of $950,000 by 2028. Additionally, jetty utilization has increased by 20 percent, boosting overall port efficiency and improving vessel management by 10 percent.

Capt. Abdulkareem Al-Masabi, CEO of ADNOC L&S, emphasized the company鈥檚 focus on innovation: 鈥淭his smart port solution reinforces our commitment to leveraging AI to optimize operations, drive value for our business and customers, and advance sustainability.鈥

David Yeo, CEO of Innovez One, highlighted the collaboration鈥檚 impact: 鈥淥ur AI-driven solution not only streamlines workflows but also supports ADNOC L&S鈥檚 sustainability goals, positioning UAE petroleum ports as a global benchmark for smart operations.鈥

ADNOC L&S鈥檚 adoption of cutting-edge AI aligns with its strategy for operational excellence and sustainable growth.


萝莉视频鈥檚 Social Development Bank grants $1.73bn in financing by Q3聽

萝莉视频鈥檚 Social Development Bank grants $1.73bn in financing by Q3聽
Updated 16 September 2025

萝莉视频鈥檚 Social Development Bank grants $1.73bn in financing by Q3聽

萝莉视频鈥檚 Social Development Bank grants $1.73bn in financing by Q3聽

RIYADH: 萝莉视频鈥檚 Social Development Bank disbursed SR6.5 billion ($1.73 billion) in financing in the first nine months of 2025, benefiting over 90,000 citizens and enterprises, after extending SR8 billion in 2024. 

Of this, SR2.5 billion supported self-employed practitioners and productive families, reaching 53,000 beneficiaries 鈥 including 14,500 in the third quarter, the Saudi Press Agency reported.  

Strengthening small, medium, and emerging industries is a key goal of 萝莉视频鈥檚 Vision 2030, as the Kingdom works to diversify its economy and reduce its decades-long reliance on crude oil revenues. 

FASTFACTS

More than SR2.4 billion went to 7,300 small and emerging enterprises, with 2,400 of them financed in the third quarter alone. 

Social financing accounted for SR1.6 billion, benefitting 30,000 people, including 10,000 during the latest quarter. 

Quoting Ahmed Al-Rajhi, minister of human resources and social development and chairman of SDB, SPA stated that 鈥渢he achievements reflect the effectiveness of the Bank鈥檚 strategic directions in empowering individuals and establishments, and providing an attractive labor market for local and global capabilities, in support of the national economy.鈥 

The report added that more than SR2.4 billion went to 7,300 small and emerging enterprises, with 2,400 of them financed in the third quarter alone. Social financing accounted for SR1.6 billion, benefitting 30,000 people, including 10,000 during the latest quarter. 

Sultan Al-Hamidi, CEO of SDB, said these achievements align with the support the bank receives from Saudi leadership to advance the Kingdom鈥檚 comprehensive development. 

He added that the institution will continue serving as a national development enabler through an integrated system of financing and non-financing solutions aimed at empowering entrepreneurs, fostering enterprise growth, and transforming ideas into sustainable projects. 

In December, SDB signed an agreement with Saudi National Bank to launch a financing portfolio to support entrepreneurship in the Kingdom. 

The portfolio, introduced under SNB鈥檚 Ahalina program, was set to provide SR10 million ($2.66 million) in funding to entrepreneurs, SPA reported at the time. 

Under the deal, SNB and SDB agreed to strengthen public-private cooperation to boost the Kingdom鈥檚 entrepreneurial landscape. 


萝莉视频, New Zealand deepen ties with $100m in commercial deals

萝莉视频, New Zealand deepen ties with $100m in commercial deals
Updated 17 September 2025

萝莉视频, New Zealand deepen ties with $100m in commercial deals

萝莉视频, New Zealand deepen ties with $100m in commercial deals
  • Trade and Investment Minister Todd McClay led a delegation of 21 New Zealand businesses to 萝莉视频
  • 萝莉视频 is one of New Zealand鈥檚 largest and fastest-growing export destinations in the Middle East.

RIYADH: 萝莉视频 is one of the most dynamic markets in the Middle East, New Zealand鈥檚 trade minister has claimed after deals valued at $100 million were signed by businesses from the two countries.

Todd McClay spoke to Arab News during a visit to Riyadh where he led a delegation of 21 New Zealand businesses to promote trade and investment ties with the Kingdom.

The memorandums of understanding signed during the trip included those involving NIG Nutritionals and Al Dawaa Pharmacies, 26 Seasons and Qassim Strawberry & Fruit Cooperative Society, and Gallagher Animal Management and Al Tajweed.

 

 

鈥淭hese partnerships mark an important step in deepening New Zealand鈥檚 trade relationship with 萝莉视频 and across the Gulf region. Together, they are expected to generate more than $100 million in commercial value for New Zealand,鈥 McClay said.

鈥淭his will give our exporters a significant boost, reinforce New Zealand as a reliable trade partner, and contribute to our goal of doubling the value of exports in 10 years,鈥 he added.

The official also held a meeting with Khalid Al-Falih, 萝莉视频鈥檚 Minister of Investment, to discuss opportunities for deeper investment links between the two countries.

 

 

The meeting builds on the conclusion of the New Zealand鈥揋ulf Cooperation Council Free Trade Agreement last year and a growing commitment to enhanced trade and investment cooperation.

鈥淲e reached an agreement with 萝莉视频 in the GCC last year for a free trade agreement, and we鈥檙e looking forward to signing it in the region in the coming months,鈥 McClay told Arab News.

鈥淏ut this was an opportunity to bring a number of New Zealand businesses here to find partners and people to trade and invest with, to grow a strong business relationship in the Kingdom,鈥 he added.

 

 

Trade with 萝莉视频 has grown significantly in recent years, with exports up 118 percent since 2021. According to the New Zealand Ministry for Trade & Investment and Agriculture, 萝莉视频 is one of the two largest export destinations in the Middle East, and the 18th largest market globally.

As of June, two-way trade reached 1.6 billion New Zealand dollars ($960 million), with exports valued at 1.35 billion dollars. Dairy dominated at 80 percent of New Zealand exports, followed by meat at nearly 10 percent.

According to the New Zealand Year-end June report, 萝莉视频 is New Zealand's 22nd largest trading partner. 

Todd McClay. (AN photo by Huda Bashatah)

鈥溌芾蚴悠 is one of the most dynamic markets in the Middle East, worth$2.8 trillion and is driving one of the largest global transformations and rebuild programs through its Vision 2030 strategy,鈥 McClay said.

The minister believes the success of the negotiation of the trade agreement is 鈥渟ignificant,鈥 saying: 鈥淚t鈥檚 one of the first trade agreements that the GCC has concluded in quite a long period of time that they鈥檝e decided to do it with New Zealand, I think, is an honor for us.鈥

He added: 鈥淏ut it really now is just the foundation for how we can grow that relationship further.鈥 

Todd McClay speaking to Arab News. (AN photo by Huda Bashatah)

萝莉视频 is already one of New Zealand鈥檚 largest and fastest-growing export destinations in the Middle East.

As of 2025, the two countries mark 48 years of diplomatic relations. Exports have more than doubled in four years, from $620 million in June 2021 to $1.35 billion in June, bringing two-way trade to $1.58 billion.

During his trip the minister held multiple sideline meetings, including with the Saudi Public Investment Fund to scout opportunities available in the Kingdom, as well as visiting the Expo 2030 site.