RGMBS 2024: Saudi Arabia Fosters Biotechnology Advancements
07 Nov
Science & Technology

RGMBS 2024: Saudi Arabia Fosters Biotechnology Advancements

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Technology tamfitronics RGMBS 2024: Saudi Arabia Fosters Biotechnology AdvancementsUnder the patronage of the Saudi Crown Prince and Prime Minister, Mohammed bin Salman, Saudi Arabia will host the third edition of Riyadh Global Medical Biotechnology Summit (RGMBS 2024) from November 10-12, 2024 in Riyadh.According to the Saudi Press Agency (SPA), the Ministry of National Guard Health Affairs organizes the event, in collaboration with the Ministry of Investment, as a strategic partner.Technology tamfitronics Fostering BiotechnologyThe third edition of the RGMBS is a testament to Saudi leadership’s unwavering support for this vital sector, which contributes to achieving sustainable development and bolstering the national economy.Furthermore, it aligns with the objectives of the National Biotechnology Strategy, which the Saudi Crown Prince launched in January 2024, outlining the Kingdom’s ambitious vision to develop advanced biotechnologies in the fields of medicine,...
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‎Saudi economy shows high resilience despite global challenges: Alsayari
27 Oct
Top Stories

‎Saudi economy shows high resilience despite global challenges: Alsayari

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Top Stories Tamfitronics Saudi Arabia’s economy demonstrated high resilience despite global economic challenges, Al Eqtisadiah newspaper reported, citing Ayman Alsayari, Governor of the Saudi Central Bank (SAMA).Speaking before the International Monetary and Financial Committee (IMFC) as part of the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington, Alsayari explained that this resilience is reflected in lower inflation rates, strong growth in non-oil sectors, a record-low unemployment rate, and continued strength in the banking sector, showcasing the progress made under Vision 2030.Saudi Arabia has contributed over $200 million to the IMF’s Poverty Reduction and Growth Trust and provided developmental aid exceeding $36 billion since the onset of the pandemic.SAMA’s Governor added that the rising burden of global sovereign debt underscores the importance...
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‎Saudi reforms lure foreign investments to new sectors: IMF
26 Oct
Science & Technology

‎Saudi reforms lure foreign investments to new sectors: IMF

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Technology tamfitronics Jihad Azour, Director of Middle East and Central Asia Department, the International Monetary Fund (IMF)Jihad Azour, Director of Middle East and Central Asia Department, the International Monetary Fund (IMF), said Saudi Arabia's reforms and investment projects help attract foreign capital to new sectors, such as entertainment and technology, in addition to the traditionally lucrative oil sector.He added that the Kingdom's shift in priorities toward technology, artificial intelligence, and climate sectors opens doors for increased foreign direct investments (FDIs), Asharq News reported.The reforms include improvement in the investment environment, which boosted the private sector's contribution to the Kingdom’s economic growth, Azour said.He noted that the positive impact of such reforms is also evident in the significant decline in unemployment, particularly among youth. This is in addition...
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Saudi Arabia Launches 1st License for Aeroponics Agriculture in Middle East
05 Oct
Science & Technology

Saudi Arabia Launches 1st License for Aeroponics Agriculture in Middle East

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Technology tamfitronics Aeroponics AgricultureSaudi Arabia’s Ministry of Environment, Water, and Agriculture has issued the first operational license for a commercial agricultural project utilizing aeroponics technology in the Middle East.According to the Saudi Press Agency (SPA), the new project aims particularly to meet the Kingdom’s needs for agricultural products and build a sustainable agricultural future.Technology tamfitronics 1st Operational LicenseThe license was presented by Undersecretary for Agriculture at the Ministry Eng. Ahmad Al-Ayada during a ceremony attended by representatives of a significant coalition of local and international companies. The coalition consists of Tamimi Markets Group from Saudi Arabia, Mitsui Group from Japan, and Zero Group from Italy.Saudi Arabia Launches 1st License for Aeroponics Agriculture in Middle EastThese companies will innovate modern agricultural solutions powered by state-of-the-art technologies and AI through the Green Dunes Company.The license stands...
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