RIYADH — Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Local Content and Government Procurement Authority Bandar Alkhorayef said that the percentage of local content in Saudi Arabia jumped from 28 percent in 2018 to 51 percent last year, with investments exceeding SR18 billion, contributing to knowledge transfer and building community capabilities. The minister attributed this to the activation of the roles of the authority ever since its inception.Addressing the Local Content Award ceremony in Riyadh on Monday, he said that Local Content and Government Procurement Authority has become a powerful tool for…
Author: Editorial Team
ABU DHABI, 27th April, 2026 (WAM) — The Emirates Growth Fund (EGF) has been named Exclusive Growth Capital Partner at Make it in the Emirates (MIITE) 2026, the UAE’s flagship industrial forum, taking place 4–7 May at ADNEC, Abu Dhabi. The designation marks a pivotal moment in EGF’s first year as the platform from which a new phase of national industrial action begins. As Exclusive Growth Capital Partner at MIITE 2026, EGF demonstrates its role as a strategic platform advancing the growth of UAE homegrown businesses, and its position as a catalytic investor and enabler of the national SME ecosystem.…
WASHINGTON, 27th April, 2026 (WAM) — Microsoft (MSFT) on Monday announced an amended long-term agreement with OpenAI (OPAI.PVT) that will see the company no longer have exclusive access to the AI startup’s intellectual property and AI models, while also altering its revenue-sharing deal with OpenAI. The news comes ahead of Microsoft’s earnings report on Wednesday, and just six months after the two companies formalised an agreement that allowed OpenAI to transform into a for-profit business. Under the terms of that deal, Microsoft was given exclusive access to OpenAI’s IP and models until the company achieved artificial general intelligence (AGI), or…
RIYADH — Saudi Arabia has signed a joint executive program to support the continuity of education in crisis zones. The program aims to provide safe learning environments and psychological support for children affected by the disruption of education in the Gaza Strip due to the Israeli aggression, thus mitigating the impact of the current situation on the educational process.The King Salman Humanitarian Aid and Relief Center (KSrelief) signed – via video conference – on Sunday a joint executive program with the Saudi Center for Culture and Heritage to establish and operate safe learning spaces (field schools), in addition to providing…
Huawei recently announced its intent to invest CNY18 billion ($2.6 billion) in global R&D for smart driving, a move that steps up the company’s efforts to strengthen its position in China’s growing EV market. Speaking in Beijing ahead of the country’s largest auto show, Huawei senior VP Jin Yuzhi reportedly said CNY10 billion of the sum will be directed toward computing power for AI training. According to Reuters, the Chinese vendor is aiming to scale total spending in the area to between CNY70 billion and CNY80 billion over the next five years. Huawei reportedly showcased 38 vehicles equipped with its…
AL AIN, 27th April, 2026 (WAM) — Under the patronage of H.H. Sheikha Fatima bint Mubarak, Mother of the Nation, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, and in alignment with the ‘Year of Family’, the Ministry of Climate Change and Environment launched the ‘Empowering Women Farmers’ initiative to strengthen Emirati women’s contributions to sustainable national food security. The initiative was launched at the First Emirati Women Farmers Forum, held on the sidelines of the Emirates Agriculture Conference and Exhibition 2026, which concluded yesterday…
National Security Adviser (NSA) Ajit Doval met with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi recently as part of an official visit to the Middle Eastern country. During the meeting, both sides discussed ways to strengthen the Comprehensive Strategic Partnership between the two countries and enhance cooperation on energy security amid evolving regional developments. According to a post on X by the Indian Embassy in the UAE, NSA Doval, during his meeting with the UAE President, conveyed greetings from Prime Minister Narendra Modi and also discussed measures to deepen bilateral ties, the regional security situation, and…
RIYADH — Crown Prince and Prime Minister Mohammed bin Salman received a written message from Prime Minister of Bangladesh Tarique Rahman. The message is pertaining to further improving bilateral relations between the two countries.Deputy Minister of Foreign Affairs Waleed Al-Khereiji received the message from Humayun Kabir, Foreign Affairs advisor to the Bangladeshi prime minister, during their meeting in Riyadh on Monday.During the meeting, they reviewed bilateral relations. The officials also discussed topics of mutual interest. Source: Saudi Gazette
DUBAI, 27th April, 2026 (WAM) — Quiqup, a UAE-based innovative e-commerce logistics provider, has launched “Shop Local”, a new initiative designed to help consumers discover and support local businesses across the UAE, while giving SMEs greater visibility and easier access to customers through a dedicated online platform. “Shop Local” brings together UAE-based brands in one platform, making it easier for consumers to browse, discover, and buy from local businesses that may otherwise struggle to stand out in an increasingly crowded digital marketplace. The platform is open to small and local businesses across the UAE and is intended to help address…
JEDDAH — The Council of Economic and Development Affairs (CEDA) session, held on Monday, reviewed the achievements of Vision 2030 and its updates, as it has established strong foundations for a diversified and growing economy following the implementation of the first and second phases. Building on this, the third and final phase (2026–2030) of the Vision will focus on accelerating delivery and maximizing impact, through sustained implementation, continued government capital spending, and a strengthened role for the Public Investment Fund (PIF) and the National Development Fund in mobilizing domestic investment. The private sector will continue to expand its role in…