海角直播

海角直播 grants Syria 1.65m barrels of oil 聽

海角直播 grants Syria 1.65m barrels of oil 聽
The donation was formalized through a memorandum of understanding signed by Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, and Mohammed Al-Bashir, Syria鈥檚 Minister of Energy. SPA
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Updated 13 sec ago

海角直播 grants Syria 1.65m barrels of oil 聽

海角直播 grants Syria 1.65m barrels of oil 聽

RIYADH: 海角直播 has granted the Syrian Arab Republic 1.65 million barrels of crude oil under the directives of King Salman and Crown Prince Mohammed bin Salman.聽

The donation was formalized through a memorandum of understanding signed by Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, and Mohammed Al-Bashir, Syria鈥檚 Minister of Energy, the Saudi Press Agency reported.聽聽

The signing ceremony was attended by Saudi Ambassador to Syria Faisal Al-Majfel and Majid Al-Uteibi, deputy minister for Oil and Gas Technical and Regulatory Affairs.聽

The move reflects 海角直播鈥檚 commitment to supporting the Syrian people and the strong ties between the two countries.聽

鈥淭he grant will contribute to enhancing the operation of Syrian refineries and achieving operational and financial sustainability, supporting economic development and addressing economic challenges in Syria, ensuring the growth of vital sectors, and supporting national and international efforts to achieve sustainable development goals,鈥 the SPA report said.聽

Furthermore, the donation aligns with and supports broader national and international efforts aimed at achieving the UN Sustainable Development Goals in the region.聽

海角直播 is now leading a concerted effort to bring Damascus back into the Arab fold after a decade of economic isolation, a crippled currency, and shattered infrastructure.聽

Following the 2024 reopening of its embassy, 海角直播, alongside Qatar, settled Syria鈥檚 World Bank debt, unlocking access to vital international funding.聽

This momentum continued with the recent Syrian-Saudi Investment Forum, where Saudi Investment Minister Khalid Al-Falih unveiled 47 agreements worth $6.4 billion, targeting key sectors of a modern economy.聽

In addition to the oil grant, 海角直播 earlier this week announced a new reconstruction project in Damascus to clear rubble and aid rebuilding efforts, further strengthening ties with the Syrian authorities. 聽

The King Salman Humanitarian Aid and Relief Centre said it would provide an aid package to remove an estimated 75,000 cubic metres of rubble from the capital and surrounding areas.聽

The aid will also support the rebuilding of 34 schools in Aleppo, Idlib, and Homs, the reconstruction of dozens of bakeries, and the rehabilitation of sewage and water infrastructure in Damascus.聽


Can AI make Saudi sports smarter without losing its soul?

Can AI make Saudi sports smarter without losing its soul?
Updated 4 sec ago

Can AI make Saudi sports smarter without losing its soul?

Can AI make Saudi sports smarter without losing its soul?

AlKhobar: Artificial intelligence is no longer a side project in global sports, it鈥檚 becoming central to performance, fan engagement, and strategy. IBM has been one of the most visible players in this transformation, bringing its AI innovations from the world鈥檚 top tournaments to 海角直播鈥檚 rapidly growing sports scene.

But beyond corporate case studies, a bigger question looms: how should Saudi sports federations, clubs, and fans adapt to this wave of technology? Can AI truly deliver, or will it overpromise?

海角直播鈥檚 sports market is booming. Valued at $7.2 billion in 2023, it is expected to surpass $22.4 billion by 2030. More than $2 billion has already been invested in facilities, talent, and international events鈥攆rom hosting Formula 1 to the FIFA Club World Cup.

This trajectory was highlighted in a recent Arab News op-ed by Ayman Al-Rashed, who noted how AI is central to expanding fan experiences and making Saudi sports more globally competitive. The investments align with Vision 2030鈥檚 push to diversify the economy through sports and entertainment, positioning the sector as both a cultural and financial pillar for the Kingdom.

One of IBM鈥檚 most ambitious experiments came in 2024 with Sevilla FC. Together, they launched Scout Advisor, a generative AI tool built on watsonx that analyzes more than 200,000 scouting reports. Beyond traditional stats like minutes played or goals scored, the system reads unstructured scout notes on attitude, adaptability, and playing style. For a league like the Saudi Pro League, attracting global stars, such a tool could transform recruitment.

Yet some Saudi voices caution that AI should complement鈥攏ot replace鈥攈uman judgment.
鈥淎I gives us accurate numbers and predictions, but in the end human experience and field vision remain essential,鈥 said Yasser Al-Ghamdi, a sports science student at King Saud University.

IBM鈥檚 longest-running partnerships are in tennis and golf. At Wimbledon, the company built Match Chat, an AI-powered assistant that answers fan questions in real time, analyzes probabilities, and predicts match outcomes. A similar platform at The Masters offered golf fans deeper insights into performance and strategy.

This mirrors findings from an Arab News survey earlier this year, where 80 percent of Saudi adults reported using AI tools, and one in three use them regularly. Nearly 90 percent said making 海角直播 an AI powerhouse should be a national priority 鈥 underscoring high expectations for localized innovation.

In Formula 1, IBM partnered with Scuderia Ferrari HP to redesign its mobile app with watsonx-powered racing insights. Fans now receive AI-generated summaries, driver comparisons, and interactive features in real time.

For 海角直播, which hosts a Formula 1 Grand Prix as part of its expanding sports calendar, the potential is significant. The key, however, is ensuring these tools enhance both spectacle and grassroots value. Success will depend on balancing global best practices with local realities, benefiting players, coaches, and fans at every level.

Global partnerships only work if they are adapted to local contexts. That鈥檚 why IBM, alongside the Saudi Data and Artificial Intelligence Authority, developed ALLaM, an Arabic large language model capable of processing multiple dialects. The platform bridges linguistic gaps for fans and athletes across the Gulf, making interactions more natural and inclusive. Its impact will hinge on how it鈥檚 adopted on the ground.

This emphasis on localization and human-in-the-loop AI echoes developments in healthcare. MBZUAI graduates developed HuLP and Med-YOLOWorld, AI systems designed to work alongside doctors rather than replace them. The same principle applies to sports: AI must collaborate with coaches, referees, and trainers.

IBM highlights its ethical AI framework, stressing explainability, fairness, and data protection. But in 海角直播, experts insist oversight must go beyond corporate pledges. With billions invested, federations need transparency, accountability, and governance when deploying AI.

Arab News has reported similar concerns in healthcare, with Dr. Mansoor Khan warning that 鈥淎I is not one thing, it鈥檚 a set of technologies that need to be used carefully, mapped to specific problems and workflows.鈥 The same caution applies to sports.

Looking ahead, IBM predicts AI will play a central role in personalized fan experiences, athlete training, and recruitment. In 海角直播, AI could make the Kingdom a global sports testbed. Potential applications include:

鈥 Smart stadiums with AI crowd management and personalized fan services.

鈥 Player development supported by AI-driven performance analytics.

鈥 Localized fan platforms in Arabic, reflecting Saudi values.

鈥 Sports medicine enhanced by AI tools for injury prevention and recovery.

For some, the immediate value is on the pitch.
鈥淎I can help us track training loads and reduce injuries, but it can鈥檛 capture a player鈥檚 mental or emotional state,鈥 said Mohammed Al-Qahtani, a sports science graduate from King Saud University.

From Sevilla鈥檚 scouting rooms to Ferrari鈥檚 circuits and Wimbledon鈥檚 courts, AI is reshaping global sports. In 海角直播, the real opportunity lies not in copying global models, but in tailoring them to local culture, athletes, and fans. As the Kingdom invests heavily in infrastructure and innovation, the true test will be whether technology strengthens the human side of sport鈥攐r replaces it.


Qatar real estate sales reach $108m in early September聽

Qatar real estate sales reach $108m in early September聽
Updated 19 min 1 sec ago

Qatar real estate sales reach $108m in early September聽

Qatar real estate sales reach $108m in early September聽

JEDDAH: Qatar's real estate market saw a notable increase in early September, with sale contracts totaling 394.35 million Qatari riyals ($108 million) over the five-day period from Aug. 31 to Sept. 4, official data showed. 

This represents an 18.5 percent rise compared with 333 million riyals recorded the previous week, from Aug. 24 to 28, according to the Ministry of Justice. 

The ministry's weekly bulletin shows that 124.5 million riyals of the total sales during this period were for residential units.  

The surge in real estate activity highlights Qatar鈥檚 continuing market dynamism, driven by both end-users and investors seeking opportunities across residential and mixed-use properties. 

The bulletin noted that 鈥渢he properties traded for sale include vacant land, houses, residential buildings, mixed-use commercial-residential buildings, commercial-residential complexes, shops, commercial buildings, and residential units.鈥  

Sales activity was concentrated in the municipalities of Doha, Al-Rayyan, and Al-Wakra. Additional activity was reported in Al-Daayen, Al-Shamal, and Umm Salal, as well as in Al-Khor and Al-Thakhira. Major developments included The Pearl Island, Lusail 69, Al-Kharayej, Legtaifiya, and Ghar Thuaileb. 

Looking at a broader trend, the week from Aug. 17 to 21 saw total trading volumes exceed 308 million riyals, reflecting steady growth over the past three weeks, driven by increased activity in both prime urban and emerging areas. 

Monthly data for August showed that total real estate transactions reached 1.13 billion riyals across 329 deals, with Al-Rayyan, Doha, and Al-Wakra leading in transaction value. 

According to the real estate market area index, Al-Rayyan accounted for 39 percent of the total traded area, followed by Doha with 22 percent, and Al-Wakra with 14 percent. Al-Daayen and Umm Salal each represented 10 percent, Al-Shamal 3 percent, and Al-Khor and Al-Thakhira 2 percent. 


Direct Jeddah鈥揚ristina flights open doors for Saudi investors, says Kosovo ambassador聽

Direct Jeddah鈥揚ristina flights open doors for Saudi investors, says Kosovo ambassador聽
Updated 42 min 32 sec ago

Direct Jeddah鈥揚ristina flights open doors for Saudi investors, says Kosovo ambassador聽

Direct Jeddah鈥揚ristina flights open doors for Saudi investors, says Kosovo ambassador聽

RIYADH: The launch of direct flynas flights between Jeddah and Pristina is more than a tourism milestone 鈥 it signals Kosovo鈥檚 rise as a new destination for Saudi business and investment, according to the country鈥檚 ambassador. 

Kosovo鈥檚 Ambassador to 海角直播, Lulzim Mjeku, told Arab News the new air link, which will begin operating three times a week on Oct. 1, represents a historic step in building commercial bridges between the two nations. 

鈥淭he most frequent question asked of me from both countries鈥 business communities was: Is there a direct flight between KSA and RKS? It wasn鈥檛 until last year that both states signed the Agreement on Air Services.鈥 Mjeku said.  

He added: 鈥淭oday, as both countries have concluded several basic agreements with a focus on business, I may say that through this work, both governments have paved the way for business communities to start exploring avenues of cooperation.鈥 

While the connection opens Kosovo鈥檚 mountains and Ottoman heritage to Saudi tourists, Mjeku emphasized that the real opportunities lie in the country鈥檚 investment climate. 

Kosovo boasts the highest internet penetration rate in Europe at 96.4 percent, a multilingual and skilled workforce, and a streamlined business environment, positioning itself as a gateway for Saudi investors entering the Western Balkans. 

鈥淜osovo is a vibrant country emerging in the global market,鈥 the ambassador said. 鈥淥ur workforce is skilled and multilingual, and our economy is diversifying, from construction and textiles to advanced information technology.鈥 

When asked whether the new connectivity would encourage Saudi investors to explore opportunities in Kosovo, Mjeku pointed to early successes in technology partnerships. 

He noted that Kosovar firms have already contributed to the Tawakkalna application in cooperation with Saudi partners and developed cybersecurity systems for hospitals in Riyadh. 

鈥淚 expect more Kosovar IT companies will find their way to the Saudi market. I also strongly believe both sides can find a win-win modus operandi and have their share in the market,鈥 he said, adding: 鈥淲hoever moves first has the chance to succeed faster and better.鈥 

The competitive framework is another draw. Corporate tax is set at just 10 percent, while starting a business takes an average of 4.5 days. Investments account for 36 percent of Kosovo鈥檚 gross domestic product, with an average economic growth rate of 4.1 percent over the past eight years. 鈥淲hoever moves first has the chance to succeed faster and better,鈥 the ambassador stressed. 

The launch of flights follows last year鈥檚 Agreement on Air Services and coincided with the first visit of a Saudi business delegation to Kosovo, led by the Federation of Saudi Chambers of Commerce, marking the 15th anniversary of diplomatic ties. 

The Kingdom鈥檚 leading low-cost carrier will operate the Jeddah鈥揚ristina route as part of its expansion strategy, 鈥淲e Connect the World to the Kingdom,鈥 aligned with the Kingdom鈥檚 National Civil Aviation Strategy.  

The plan aims to link the Kingdom to 250 international destinations, accommodate 330 million passengers, and host 150 million tourists annually by 2030. 

For Mjeku, these developments herald a new phase in Saudi鈥揔osovar relations. 鈥淲ith these flights come opportunities, and with opportunities, we get better results and solidify our relationship on an inter-human level,鈥 he said. 


Tokyo to host FII Priority Asia Summit in November

Tokyo to host FII Priority Asia Summit in November
Updated 51 min 47 sec ago

Tokyo to host FII Priority Asia Summit in November

Tokyo to host FII Priority Asia Summit in November

JEDDAH: The Future Investment Initiative Institute announced on Thursday that the next FII Priority Asia Summit will be held in Tokyo, Japan, from Nov. 30 to Dec. 1, the Saudi Press Agency reported.

The event will bring together heads of state, policymakers, global CEOs, innovators, and investors to address some of the world鈥檚 most pressing challenges.

Discussions will center on strengthening partnerships and investment flows between Asia and the rest of the world, with a particular emphasis on the Gulf Cooperation Council.

鈥淛apan, one of the world鈥檚 most advanced and resilient economies, offers a unique platform for such discussions. Its global leadership in technology, scientific research, and sustainable development will serve as a foundation for connecting decision-makers across continents,鈥 SPA added citing an official release.

The summit will highlight the shared vision of Japan and the Middle East as a strategic bridge linking Asia with Africa, Europe, and the Americas, fostering inclusive trade, investment, and knowledge exchange.

Richard Attias, FII Institute acting CEO and chairman of its executive committee, said: 鈥淲e are honored to bring the FII PRIORITY Summit to Tokyo. Japan鈥檚 respected standing in the global economy, coupled with its commitment to innovation and sustainable development, makes it the ideal host. Together, we will highlight how collaboration with Asia can generate solutions that strengthen resilience and prosperity worldwide.鈥

Founded by 海角直播鈥檚 Public Investment Fund, the FII Institute hosts the FII PRIORITY series, a global platform that has attracted participation from heads of state and world leaders. The Tokyo Summit鈥檚 presenting partner is Sumitomo Mitsui Banking Corp. Group, a leading Japanese financial institution committed to advancing international financial cooperation and customer growth.

Program details, including themes and keynote speakers, will be announced in the coming weeks.


PwC unveils regional headquarters in Riyadh鈥檚 Laysen Valley

PwC unveils regional headquarters in Riyadh鈥檚 Laysen Valley
Updated 11 September 2025

PwC unveils regional headquarters in Riyadh鈥檚 Laysen Valley

PwC unveils regional headquarters in Riyadh鈥檚 Laysen Valley

RIYADH: Professional services firm PwC has unveiled its new 22,400 sq. meters regional headquarters in Laysen Valley, Riyadh, as the Kingdom鈥檚 capital city continues to position itself as a thriving business destination. 

The company, in its annual partners鈥 meeting in Riyadh on Sept.10, also reaffirmed its commitment to 海角直播 and said that it is dedicated to working with the Kingdom in various spheres, which include investment in people, innovation, and infrastructure, according to a press statement. 

海角直播鈥檚 regional headquarters program has been attracting international firms over the past few years, with 600 international companies, including Northern Trust, IHG Hotels & Resorts, and Deloitte, already establishing their bases in the Kingdom, the Saudi Press Agency reported in March. 

The regional HQ program offers a 30-year corporate tax exemption, withholding tax relief, and regulatory support, reflecting efforts to position the Kingdom as a regional business hub and attract multinational corporations to the capital. 

鈥淥ur regional headquarters in Riyadh is more than just a building; it is an investment in the future. It has been designed to empower our people, enable our clients, and support the Kingdom鈥檚 Vision 2030,鈥 said Riyadh Al-Najjar, PwC Middle East chairman of the board and Saudi country senior partner. 

He added: 鈥淭his milestone marks a new chapter for PwC in 海角直播, reflecting both the scale of our growth and our sustained commitment to playing a long-term role in the Kingdom鈥檚 transformation journey.鈥 

The regional headquarters also showcases the Middle East鈥檚 largest Experience Center, and is marketed under the phrase, ElDar Darak 鈥 meaning 鈥渙ur home is yours.鈥 

鈥淭he center is positioned as a true community space for innovation and ideation; where clients, government, and partners can co-create solutions, test prototypes, and design transformative experiences,鈥 said PwC. 

The professional services firm further said that the regional headquarters also houses a forensics lab, PwC Academy, Majlis, and wellness-first spaces, establishing it as Riyadh鈥檚 most advanced professional services hub.

According to the press statement, PwC has over 2,600 professionals in its workforce in the Kingdom, out of which 56 percent are Saudi nationals, underscoring its commitment toward Saudization. 

The company added that more than 2,400 Saudi nationals have joined through PwC鈥檚 training programs over the past three years, with 80 percent of female nationals already on leadership development pathways. 

The press statement further said that initiatives like Hemam 2.0, which accelerates youth skills development, and Foundation for the Future, which equips graduates for leadership roles, underscore the firm鈥檚 long-term investment in the people of 海角直播. 

鈥満=侵辈 is home to one of PwC鈥檚 largest alumni networks in the region; with many nationals now leading across government, business and cultural institutions. The Kingdom has always been at the heart of our business, and we will continue to create lasting impact for our clients and communities,鈥 said Hani Ashkar, PwC Middle East senior partner. 

He added: 鈥淥ur commitment goes beyond providing services, it is about developing talent, investing in infrastructure and supporting the Kingdom鈥檚 transformation in ways that deliver lasting value.鈥