OMODA & JAECOO is preparing to welcome the all-new OMODA 4 to Saudi Arabia, introducing a next-generation smart SUV designed for young, connected and technology-minded drivers. Following its recent regional debut in Southeast Asia, OMODA 4 is now set to become an important upcoming product story for the Saudi market. With its Cyber Mecha design language, AI-powered cockpit experience and lifestyle-driven mobility concept, OMODA 4 reflects OMODA’s ambition to create vehicles that are not only visually distinctive, but also more intelligent, interactive and relevant to the daily lives of a new generation of users. Super AI Cockpit: A smarter interaction…
Author: Editorial Team
BRUSSELS, 8th August, 2026 (WAM) — EU imports of Russian liquefied natural gas (LNG) rose by 14% in June compared with the same month a year earlier, despite the bloc’s commitments to end its dependence on Russian energy supplies by 2027. The Centre for Research on Energy and Clean Air (CREA) reported that Russian revenues from these sales amounted to approximately €60 million per day, with France ranking as the largest buyer. The French port of Montoir received quantities more than four times higher than its imports in May, while data from the Bruegel research center in Brussels showed that…
Solution combines NTT DATA’s recognised AI expertise with decades of insurance domain experience supporting large carriers worldwide. Source: Tahawul Tech
RIYADH — Custodian of the Two Holy Mosques King Salman received a written message from President Emmerson Mnangagwa of Zimbabwe. The message was pertaining to further improving bilateral relations between the two countries. Jonathan Wutawunashe, ambassador of Zimbabwe to Saudi Arabia, handed the message to Deputy Minister of Foreign Affairs Waleed Al-Khereiji during their meeting at the ministry’s headquarters in Riyadh on Thursday. During the meeting, Al-Khereiji and Wutawunashe reviewed bilateral relations and ways to further develop them in various fields. They discussed issues of mutual interest. Source: Saudi Gazette
BRUSSELS, 8th August, 2026 (WAM) — In May 2026, compared with April 2026, seasonally adjusted services production increased by 0.8 percent in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2026, services production grew by 0.7% in the euro area and by 0.3% in the EU. In May 2026, compared with May 2025, services production increased by 2.4% in both the euro area and the EU. Among Member States for which data are available, the highest monthly increases were recorded in Greece (+4.5%), Latvia (+3.8%) and…
FRANKFURT — A Ukrainian cargo aircraft parked near an explosive-laden drone found at Germany’s Leipzig/Halle airport on Tuesday night was carrying a payload of military ammunition, media reports said on Thursday. Interior Minister Alexander Dobrindt said the discovery represented a “new threat scenario” for Germany, as counterterrorism investigators examine whether foreign actors could have been involved in the incident that briefly forced the suspension of flights overnight into Wednesday. “Drone sightings, drone threats including in a hybrid context, are something we know from the past,” he told reporters during a news briefing on Wednesday. “That a drone armed with explosives…
RIYADH — A meeting of the Council of Economic and Development Affairs (CEDA), held via videoconference on Thursday, discussed the Ministry of Finance report that detailed the performance of the national budget for the second quarter of the 2026 fiscal year. The briefing outlined key financial performance indicators—including revenues, expenditures, and public debt levels—demonstrating Saudi Arabia’s ability to manage its public finances with exceptional efficiency and flexibility amidst ongoing global economic and geopolitical shifts. The report also highlighted the strength of the nation’s financial position, the continued diversification of its economic base, and the implemented proactive fiscal policies, which have…
Praveen Raveendran, Founder & CEO of KniTT. Launch of Elysium comes in the context of Middle East spend on sovereign data cloud set to triple as public cloud hyperscalers face heightened security threats Dubai — One of the partners of the SEED Group under the aegis of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, KniTT, announced the launch of Elysium, an AI-powered private cloud platform in the context of increasing risks to data sovereignty and kinetic attacks on public cloud hyperscale data centres in the region. In a statement, KniTT said its foray into the Middle East with…
WASHINGTON — President Donald Trump on Thursday dismissed reports of the US military being low on munitions amid the war with Iran, saying his administration is determining who leaked the information to news outlets. “The US has massive amounts of ‘munitions,’ especially of certain types,” Trump wrote on Truth Social. “Additionally, large amounts are being manufactured and shipped to the US as needed.” The White House and Pentagon have pushed back on a slate of recent reports indicating that supplies of both offensive and defensive weapons have dropped dangerously low after five months of war on Iran. Trump’s frustration over…
DUBAI, 7th August, 2026 (WAM) — Emaar Properties PJSC delivered a resilient performance during the first half of 2026, with revenue up 21 percent to AED23.9 billion (US$ 6.5 billion), EBITDA up 24 percent to AED12.9 billion (US$ 3.5 billion), and net profit before tax up 23 percent to AED12.8 billion (US$ 3.5 billion). Building on its performance during the first quarter, Emaar continued to deliver balanced contributions across its development, recurring income, and international businesses. Property Sales recorded approximately AED26.6 billion (US$ 7.2 billion) during H1 2026. Revenue backlog from property sales reached approximately AED164.9 billion (US$ 44.9 billion)…