Interview Saudi labor localization will take ‘generation or two': Armada CEO Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades. Olivier Badard CEO of Armada Holding
Interview Saudi Arabia eyes state-backed stablecoin amid digital finance push Tokenization in Saudi Arabia has rapidly evolved from concept to early-stage execution since the early 2020s.
Why did the Met Opera lose its Saudi funding deal? The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years. Saudi Arabia
What LIV Golf’s woes suggest about Saudi Arabia’s economic headwinds The Golf league, which is backed by the Saudi sovereign wealth fund, is saying its season will go on after reports of an imminent collapse. Saudi Arabia
Analysis In Saudi Arabia, Erdogan fosters security alignment, $30B trade push By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
Saudi Arabia reports oil export slump after OPEC cuts The dip in exports for the fourth quarter of 2023 was due to Saudi Arabia’s decision to reduce crude output in accordance with the Organization of Petroleum Exporting Countries and allies — the kingdom has also implemented voluntary cuts. Saudi Arabia
Saudi tech giant expands investments into China, AI as part of $100B plans Alat plans to invest $100 billion by 2030 to coincide with Crown Prince Mohammed bin Salman’s Vision 2030 plan to wean the kingdom’s economy off of its reliance on oil. Saudi Arabia
South Africa’s Milkor gets go-ahead to produce drones in Saudi Arabia The Gulf country is bolstering its defense capabilities amid increasing instability in the Middle East. Saudi Arabia
Davos 2024: Reaching net zero without space tech 'wishful thinking,' says Saudi minister On the sidelines of the World Economic Forum, Saudi Arabia’s Minister of Communications and Information Technology Abdullah bin Amer Alswaha told Al-Monitor that technology will help countries deliver on climate promises. Saudi Arabia
Will Saudi Arabia see mining gold rush in 2024? The kingdom plans to take advantage of the growing demand for critical minerals to power the green transition. Saudi Arabia
