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“French Treasury Official Urges Saudi Arabia to Increase Collaboration for 2030 Goals”

RIYADH: Saudi Arabia and France need to intensify joint work and develop new projects as both countries have a lot of scope for synergy and collaboration under their 2030 investment goals, said a top official of the French Treasury.  Speaking at the France-Saudi Investment Forum, Denis Le Fers, head of bilateral trade relations at the French Treasury, explained that partnership has a central role to play in France 2030. 
Business

“AI’s Impact on Enterprise Software Market: $14tn by 2030”

RIYADH: Generative artificial intelligence is set to expand the global enterprise software market from $1 trillion currently to $14 trillion by 2030, said Saudi Arabia’s minister of communications and information technology.  Speaking at the France-Saudi Investment Forum in Paris on Monday, Abdullah Al-Swaha said the massive growth in generative AI would present a considerable opportunity for collaboration between Saudi Arabia and France. 
Business

flynas signs $3.7bn deal with Airbus for 30 planes

RIYADH: Saudi Arabia’s budget airline flynas has signed a $3.73 billion agreement with Airbus to buy 30 aircraft, Saudi state TV reported on Monday. The deal was signed at the Paris Air Show by Bandar Al-Mohanna, flynas CEO and managing director, and Christian Scherer, Airbus chief commercial officer and head of international, in the presence of Saudi Minister of Transport and Logistics Saleh Al-Jasser, Abdulaziz Al-Duailej, president of General Authority of Civil Aviation, and Ayed Aljeaid, chairman of the board of NAS Holding.
sport

Saudi sports support Kingdom’s team at Special Olympics Berlin.

On Saturday night, top figures from Saudi sports attended the launch of the Berlin 2023 Special Olympics in a show of support for the Kingdom’s 130-strong delegation. Saudi Arabia’s largest Special Olympics contingent since the 1995 Games in New Haven, Connecticut, is made up of 85 male and female athletes who will take part in 15 sports. Present at the opening ceremony in the German capital was Prince Abdulaziz bin Turki Al-Faisal, the Saudi minister of sports and president of the Union of Arab National Olympic Committees, who attended on behalf of King Salman.
sport

Saudi Sports Minister Attends Special Olympics World Games Opening in Berlin

RIYADH: Prince Abdulaziz bin Turki Al-Faisal, the Saudi minister of sports and president of the Union of Arab National Olympic Committees, attended the opening ceremony of the Special Olympics World Games in Berlin on Saturday — on behalf of KIng Salman — at the city’s Olympic Stadium. German President Frank-Walter Steinmeier officially inaugurated the event, which began with a procession of the participating countries, including Saudi Arabia, followed by a speech delivered by Dr. Timothy Shriver, chairman of the Special Olympics International Board of Directors.
Business

Latvia prioritizes Saudi Arabia as a key market, confirms minister for economics

RIYADH: Latvia is eager to strengthen trade ties with Saudi Arabia, allowing Latvian companies to contribute to the Kingdom’s Vision 2030 social reform and economic diversification agenda, Ilze Indriksone, Latvia’s minister for economics, has told Arab News. Speaking after the conclusion of the Saudi-Latvian Business Forum in Riyadh earlier this month, Indriksone emphasized the need to expand economic cooperation, boost bilateral trade, and increase investment in research, development and technology. 
Business

Egypt seeks to join BRICS, confirms Russian ambassador

RIYADH: In a bid to enhance trade and economic cooperation, Egypt has officially applied to join the five-member BRICS bloc of emerging economies, according to Georgy Borizenko, the Russian ambassador to Cairo.  The BRICS group comprises Brazil, Russia, India, China and South Africa. “Egypt has applied to join the BRICS group because one of the initiatives that BRICS is currently engaged in is the maximum transfer of trade to alternative currencies, whether national or the creation of some kind of joint currency. Egypt is very interested in this,” said Borizenko. 
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