PARIS — French President Emmanuel Macron announced a €6 billion Saudi-backed investment to develop three theme parks in Cergy-Pontoise, northwest of Paris, describing the project as unprecedented and the biggest development of its kind in France since Disneyland Paris. Macron on Monday said the project, backed by Saudi Arabia’s Qiddiya, is expected to create 22,000 jobs and establish a new global entertainment destination in France. “An extraordinary announcement,” Macron said in a post on X. “With Saudi Arabia, we are making an unprecedented announcement.” The French president said three theme parks would be developed in Cergy-Pontoise under the €6 billion…
Author: Editorial Team
According to a recent report from Bloomberg, Nvidia is in discussions with South Korean AI chip designer Rebellions about possible collaborations, including a technical partnership, investment or a potential acquisition. Nvidia CEO Jensen Huang recently met with Rebellions co-founder and CEO Sunghyun Park at Nvidia’s headquarters in Santa Clara, California, to discuss a potential tie-up, according to the news agency. Bloomberg noted talks between Nvidia and the six-year-old startup are preliminary and may not result in a transaction. Huang has led an extensive investment push in recent years as Nvidia works to maintain its central position in the AI industry.…
DUBAI, 24th August, 2026 (WAM) — Parkin Company PJSC (Parkin), the largest provider of paid public parking facilities and services in Dubai, has signed a Memorandum of Understanding (MoU) with Bahrain Car Parks Company (Amakin) B.S.C, a leading parking and mobility solutions provider in Bahrain, to establish a framework for collaboration across parking technologies, digital mobility services and regional business development. The MoU establishes a framework for Parkin and Amakin to leverage their respective technology, operational and market capabilities to advance regional customer experience, improve operational efficiency and support the development of smarter parking and mobility services across the GCC.…
RIYADH — Saudi Attorney General and Chairman of the Public Prosecution Council Dr. Khalid Al-Yousef received Ambassador of Georgia to Saudi Arabia Nikoloz Revazishvili in Riyadh on Monday. During the meeting, they discussed several issues of mutual interest. They reviewed existing areas of cooperation and ways to further enhance them in fields related to prosecutorial work. The meeting also addressed the outcomes of the recent visit by the Georgian prosecution delegation to Saudi Arabia and its contribution to strengthening areas of joint cooperation. Source: Saudi Gazette
ABU DHABI, 24th August, 2026 (WAM) — Around 12,000 athletes from across the world are expected to compete in the 18th Abu Dhabi World Professional Jiu-Jitsu Championship at Mubadala Arena from 9th to 21st November, with registrations continuing to rise. Preparations are at an advanced stage, with the Organising Committee coordinating registration, accreditation, competition areas, warm-up facilities, medical services, crowd management, security and safety across the 13-day event. Organisers are also working with relevant authorities and partners to ensure smooth operations throughout the championship. The fan experience will feature expanded activities for families and children, alongside new initiatives and interactive…
RIYADH — Saudi Arabia has announced the nomination of Dr. Hanan Hassan Balkhy for the position of Director General of the World Health Organization (WHO) for the 2027–2032 term. Dr. Balkhy has extensive scientific and leadership experience in public health, infectious diseases, infection prevention and control, health security, health systems and international health. She has substantial leadership experience within the WHO at all three levels—country, regional and global. Most notably she has been elected as Regional Director of the World Health Organization for the Eastern Mediterranean and was the first Assistant Director General for Antimicrobial Resistance. Throughout her career, she…
DUBAI, 24th August, 2026 (WAM) — Dubai Electricity and Water Authority (DEWA) has achieved significant operational and financial gains by re-engineering its major gas turbine inspection and maintenance processes, saving 229 workdays and AED40 million over seven years compared to business as usual. The initiative has substantially reduced maintenance outage durations, enhanced generation unit availability and optimised the utilisation of human and technical resources, delivering sustainable long-term value to the organisation and its stakeholders. Developed by DEWA’s Generation Division, the innovative practice received a prestigious Seven-Star Rating at the International Best Practice Competition, establishing it as a global benchmark for…
DUBAI, 24th August, 2026 (WAM) — Dubai PropTech Hub, an initiative of Dubai International Financial Centre (DIFC), and Innovo Group have announced a strategic partnership to accelerate construction innovation across the UAE and the wider Global South. The agreement was signed at DIFC by Mohammad Alblooshi, Chief Executive Officer of DIFC Innovation Hub, and Simon Penney, Deputy Chief Executive Officer of Innovo, in the presence of Arif Amiri, Chief Executive Officer of DIFC Authority, and Bishoy Azmy, Chief Executive Officer of Innovo. The partnership will combine Innovo’s live construction projects, engineering expertise and innovation ecosystem with Dubai PropTech Hub’s capabilities…
e& UAE recently announced the launch of its new Business Pro AI plans, introducing AI-powered broadband bundled with Microsoft Copilot to power the next generation of AI ready businesses. This offering combines faster business fibre connectivity, advanced digital productivity tools, and enterprise-grade AI capabilities into a single, simplified subscription to accelerate AI transformation for small and medium-sized enterprises (SMEs) across the country. Esam Mahmoud, Senior Vice President, SMB Sales and Marketing, e& UAE, said: “SMEs play an essential role in the UAE economy, but many continue to face cost and implementation barriers when adopting advanced AI tools. By including Microsoft…
RIYADH — The Ministry of Commerce emphasized the importance of complying with the regulations and provisions of the Commercial Franchise Law and its executive regulations when granting or exercising a franchise. The ministry warned against six major violations that a franchisor or franchisee may commit while conducting franchise activities. These violations include failing to register the franchise agreement and disclosure document with the ministry within 90 days of the agreement’s signing; failing to provide the franchisee with the disclosure document at least 14 days before the agreement’s conclusion or the date of any payment, whichever is earlier; and failing to…