Saudi Press

Saudi Arabia and the world
Tuesday, Jun 23, 2026
 English
 English Arabic HebrewHindiTagalogUrdu
Add Your News

Saudi Arabia Announces Multi-Billion-Dollar Push Into Artificial Intelligence Infrastructure and Semiconductor Manufacturing

Saudi Arabia’s Public Investment Fund and the Ministry of Communications and Information Technology have launched a large-scale investment programme aimed at expanding domestic data centres and semiconductor capabilities, positioning the Kingdom as a regional hub for artificial intelligence infrastructure under its long-term economic diversification strategy.
Newsletter
Related Articles

Gulf Fintech Startup Numi Launches AI Financial Agents for Saudi and Regional Consumers

Fintech platform Numi has launched artificial intelligence-powered financial agents designed to automate savings and wealth management for consumers across Saudi Arabia and the ...

Public Investment Fund and Saudi Aramco Leverage World Cup Sponsorships for Global Branding Push

Saudi Arabia’s sovereign wealth fund and Saudi Aramco are using FIFA World Cup sponsorships to expand global brand visibility and support efforts to attract foreign investment a...

Spain Defeats Saudi Arabia 4–0 in FIFA World Cup Group Stage Match in Atlanta

Saudi Arabia’s national football team lost 4–0 to Spain in a World Cup group stage match in Atlanta, marking a difficult result despite sustained domestic investment in football...

Saudi Arabia Reports More Than 23 Billion Dollars in Global Humanitarian Aid Contributions

Saudi officials said the King Salman Humanitarian Aid and Relief Center has delivered nearly 24 billion dollars in assistance across 113 countries, underscoring the kingdom’s co...

Arab Coordination Group Meets in Vienna to Align Global Development Financing Strategy

Members of the Arab Coordination Group held talks in Vienna at the OPEC Fund headquarters, coordinating development financing approaches with African and Latin American institut...

Saudi Arabia Industrial Output Rises 5.1 Percent After Two Years of Contraction

Saudi Arabia recorded a 5.1 percent increase in industrial production last year, marking a recovery in non-oil sector activity, although officials and economists note gains rema...

Foodics Completes Acquisition of Greek AI Startup Norma to Expand Regional Restaurant Technology Platform

Riyadh-based Foodics has fully acquired Greek artificial intelligence startup Norma, integrating its engineering team to accelerate AI-driven automation across more than 40,000 ...

AviLease Prepares Dollar-Denominated Bond Offering to Fund Global Aviation Expansion

Aircraft leasing firm AviLease, backed by Saudi Arabia’s Public Investment Fund, is preparing a five-year Regulation S dollar bond offering to support expansion of its global av...

Foreign Ownership of Saudi Equities Rises as Government Debt Participation Declines

Market data shows foreign ownership of Saudi free-float equities has climbed to 12.6 percent, while international participation in domestic government bond issuance has fallen t...

Marriott International and Blacksand Sign Deal to Develop Ten Hotels Across Saudi Arabia

Marriott International and Riyadh-based developer Blacksand have agreed to build more than 1,300 hotel rooms across 10 properties in Saudi Arabia over the next four years, expan...

JPMorgan to Add Saudi Government Bonds to Emerging Markets Index in 2027

JPMorgan Chase confirmed Saudi government debt will be included in its emerging markets bond index from 2027, a move expected to increase international investor participation an...

Fitch Projects Saudi Asset Management Industry to Surpass 400 Billion Dollars Next Year

Fitch Ratings estimates Saudi Arabia’s assets under management exceeded 340 billion dollars in the first quarter, equivalent to about 26 percent of GDP, and forecasts the sector...
Saudi Press
Add Your News
Playlist Hide
0:00
0:00
Open
0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×